.png){kind=logo}
The crypto market is rapidly recovering from the negative impact created by the collapse of the crypto-friendly US banks.
Bitcoin has seen a nearly 72% increase in this quarter, while Signuptoken.com attracted more than 2,500 subscriptions in a short period.
What is next? Will Bitcoin and Signuptoken.com continue to rise?
Bitcoin is the most popular top cryptocurrency by market capitalization.
Launched in 2009, the coin has grown to become the face of the crypto industry. In 2021, almost 12 years after Bitcoin was introduced to the market, BTC reached its all-time high value.
While the traditional financial world was suffering from the covid-induced economic slowdown, the price of BTC rose to $68,789, sending shock waves across the global economy.
But the price of BTC started to fall in 2022 due to the US federal reserve's decision to raise the interest rates to tame the growing inflation.
The US federal reserves hiked the interest rates 7 times since March of that year. As a result, Bitcoin prices fell below $17,000 in late 2022.
But since the beginning of 2023, Bitcoin has been showing signs of recovering from last year's blow.
The BTC price breached the $25,000 mark twice in the last three months until crypto-friendly banks such as Silvergate and Signature banks collapsed in the US.
Due to this banking crisis, the BTC price again dropped below $20,000 in Mid March.
But the timely intervention of the US government in bailing out the bankrupt banks and the slowdown in the inflation rate favored the Bitcoin market, which helped it reach new heights.
At the time of writing, the price of Bitcoin (BTC) was trading at $28,683. BTC has added almost 72% this quarter, making it the best quarterly gain in the past two years, while gold has added only a 7% gain.
Order book depth, a measurement to analyze how easy or difficult it is to get in and out of large trades at a stable price, has also helped Bitcoin. BTC's worsening order book depth has dwindled to 10 months low early this month.
Even though Bitcoin is not immune to market volatility, its recovery rate has played a major role in its adoption rate.
Investors around the world started to use Bitcoin as a shield against the banking crisis, resulting in an increase in its adoption rate.
The consumer confidence rate in the US also increased to 104.2% rather than the expected 101.0.
Crypto analysts predict that if Bitcoin manages to surpass the resistance level at 28,950, it could potentially push to 30,500.
Hence, Bitcoin can be considered the potential long-term investment option with maximum returns.
Signuptoken.com is a new cryptocurrency in the market.
While other new currencies aim to change the market trend after launch, Signuptoken.com has already started to change the market with its unique approach, even before its launch.
Crypto companies announce a presale before they list their new cryptocurrencies on any exchanges.
It helps them to raise a certain amount of liquidity through prepayment. Some cryptocurrencies even announce enticing offers to lure investors.
Though new cryptocurrencies issue their whitepaper before a presale, it is impossible to predict the performance of currencies in the marketplace before they launch. This critical situation makes crypto investment a dangerous game.
But Signuptoken.com announced that it will directly launch its token on the Uniswap crypto exchange platform without presale.
The Signuptoken.com project team is employing a different marketing strategy to reach potential investors. It plans to reach one million email sign-ups before launch.
Investors who sign-up with their email address on Signuptoken.com's official website will be added to its millionaire club and notified about the token launch before it enters the market.
It will give registered crypto enthusiasts exclusive early access to purchase Signuptoken.com which thrives to bring change to the crypto industry.
As there is no prepayment for the sign-up process, the investors will not lose even a penny on Signuptoken.com.
The platform is gaining more attention from crypto enthusiasts as it minimizes the risk of investing in the wrong business.
So far, the platform has reached more than 2500 email subscriptions, if you want to become a part of a trend-setting cryptocurrency that promises a high return on investment, sign up and become a member of Signuptoken.com's millionaire club.
Though the US government and the SEC have been tightening their regulations on the crypto industry, cryptocurrencies have been managing to perform well in the market.
The incredible increase in the US consumer confidence rate is also expected to boost the crypto market. Therefore, Bitcoin (BTC) and Signuptoken.com stand a chance to attract more investors and grow multifold in the future.
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
