Binance Price Stagnation While New Cryptocurrency Deelance Looks to Pump by 30x!

Just a few months ago, Binance Coin (BNB) was expected to be one of the frontrunners in the 2023 crypto race, with huge potential as the native token of the world’s largest exchange.

However, we’re yet to see any bigger bullish runs, with the token now facing a potential downturn due to the Binance CFTC lawsuit.

Due to these regulatory uncertainties, BNB supporters are in search of new promising tokens that will bring profits in the upcoming months.

And they might’ve found it in DeeLance (DLANCE).

This Web3 crypto recruitment platform has caught the crypto industry by storm in the past few weeks, and analysts estimate that the uptrend will continue for some time.

On Monday (April 3rd), the Commodity Futures Trading Commission (CFTC) announced a lawsuit against Changpeng “CZ” Zhao, the CEO of Binance.

Apparently, the US regulator accused the leading crypto exchange of violating trading derivative rules and potentially manipulating the market.

This led to quite a downturn for its native token, BNB, which dropped by almost 6% in the 24 hours after the announcement.

These last few days have been somewhat better as CZ Zhao and the Binance team worked diligently to mitigate any larger setbacks, but regulatory uncertainty is still worrying for investors.

Binance Coin (BNB) is currently still holding the $310 mark, with a slight 1.6% loss in the last week.

Zhao was quick to react to the lawsuit news and released a detailed blog post as a response where he says that the complaint “contains an incomplete recitation of facts.”

He went on to talk about the company’s KYC procedures and stated that Binance leverages “best-in-class” technology to ensure total compliance with the law.

In the end, Zhao mentioned that “Binance does not trade for profit or manipulate the market under any circumstances.”

This response certainly helped regain investor confidence, but trial and further developments are still in store. Depending on how things develop in the upcoming weeks, BNB could suffer additional drops, maybe even falling below the $200 threshold if things get really messy.

But until more information about the lawsuit is revealed, the future price of BNB is anyone’s guess.

And with so much uncertainty surrounding it, industry experts suggest that it’s much better to look for alternative tokens that have a much higher chance of profits at the moment.

One of the best alternatives right now is DeeLance (DLANCE).

 

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