How Has Sign Up Token Dodged the Silvergate Bullet? Are Bitcoin and Ethereum’s Bear Market Fatal?
Would You Sacrifice a Minute for a Better Life?
Regardless of 2023’s early bull market, crypto’s been attracting a great deal of negative attention centered around crises and scandals such as the crash of FTX and, more recently, Silvergate Bank’s financial issues. This is why it's completely understandable why the public, particularly those with less experience in crypto, feel hesitant to invest their money. Well, the good news is that there is still a way in which you can get involved in crypto without spending anything at all.
What’s better than a sale? Free, extremely profitable information! SignUp Token is a new crypto that is yet to launch, and while it doesn’t offer a presale like most other tokens, you can join just by signing up through your email account. This token is characterized heavily by its exclusivity, so many details are only privy to community members. SignUp Token is so confident in its pursuit to smash the industry they refer to its community as “The Millionaires Club!” The team also plans to launch the token as soon as they reach 1 million users. They will inform their entire email list right before entering the crypto exchanges, giving them a huge advantage over other investors.
Silvergate’s crash caused Bitcoin (BTC) to lose well over $20 billion of its market cap, falling from $23,800 to $22,300. Noelle Acheson, the author of the Crypto Is Macro Now newsletter, states, "It won’t be a smooth transition for the industry at all," and he was right! This caused a ripple effect in the market, leaving other top coins victim to the bears, such as Solana, Polygon, and Cardano, which experienced losses between 4% to 5% of their value. Bitcoin is now facing urgent selling pressure and is hanging on to a mere $19,853. The coin fell an additional 9% exactly a week ago to an eight-week low of $19,700 and began trading another $4,000 lower since Monday. Crypto analysts believe that only if BTC miraculously climbs its way up to $23,000 may we see a bull market in the near future.
Ethereum has also suffered big-time losses in response to the Silvergate’s crash and is now down by 10%, plummeting below a price of $1,400. This is almost 69% of ETH’s all-time high of $4,878 in late 2021. The token has been struggling against its resistance level of $1,630 for a while now.
ETH is expected to face further price drops. The good news for the coin is that crypto analysts believe it may likely reach $1,700 once the dust has settled. They have also said that if the coin manages to score another bull run, it may likely break past $2,000 in 2023 and be on its way to a full recovery!
Follow the Link For More Information on Sign Up Token!
Website: Signuptoken.com