Last night the Wall Street Journal dropped a bombshell report stating that Binance chief Changpeng Zhao was going to step down from his position of CEO with immediate effect. He is also pleading guilty to a money laundering charge that will see him pay a $50 million fine. More worryingly for the crypto market is that Binance must now pay a $4.3 billion dollar settlement.
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The breakdown of the settlement will see $3.4 billion in penalties going to the Financial Crimes Enforcement Network and roughly $1 billion to the Treasury’s Office of Foreign Assets Control. It looks like it will be a big blow to the crypto market but we are still waiting for the dust to settle to see the effects of the news.
Investors need to gather themselves and make sure they are targeting the right projects. In times of uncertainty, the presale market should be the go-to spot. Bitcoin ETF Token (BTCETF), Bitcoin Minetrix (BTCMTX), Meme Kombat ($MK), and TG.Casino ($TGC) all remain viable investment options even now.
Let’s take a deep dive into these four projects and one other and see why.
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Bitcoin ETF Token- If anything can help the market rebound its positive ETF news
As we mentioned above, we cannot be sure what effect this Binance news will have on the market. However, even if the market responds negatively it still likely won’t have an effect on Bitcoin ETF Token (BTCETF). That is because the project is set up to benefit from the outside factor that has most positively affected the market in 2023.
The BlackRock spot ETF application looks like it will be approved sometime in the not-too-distant future and when it does it is likely to cause a huge positive surge for the market. The initial application announcement and a further update resulted in two of Bitcoin’s best days in 2023, so imagine what could happen for a project like Bitcoin ETF Token that has the scope for much larger gains.
Another important note about Bitcoin ETF is it is not just reliant on the Bitcoin ETF applications. Staking will give the project some real utility. 25% of the total allocation of BTCETF has been set aside for staking which will give investors a chance to earn a passive income. Another 25% will eventually be burnt as the project passes through milestones which will only increase the worth of BTCETF as we move forward.
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Bitcoin Minetrix- This presale won’t slow down no matter what happens with Binance
The Bitcoin Minetrix (BTCMTX) presale has already raised over $4.2 million despite still being relatively young in its lifespan. Due to its unique use, it is unlikely to be negatively affected by any Binance news. This is because Bitcoin Minetrix has a solution to the Bitcoin mining problem that currently plagues the sector.
The problem is quite ironic as it is actually due to Bitcoin’s massive success. As it has exploded in popularity the mining of cryptos number one token has become exclusive. Crypto and Bitcoin are based on a model of decentralization but now to mine you have to be extremely wealthy and that’s not even taking into account the energy concerns. Bitcoin Minetrix has found a way to let the everyday investor take part in Bitcoin mining in a cheaper and greener way.
Its solution is a combination of staking and cloud mining that can be summarized as stake-to-mine. The key to this is investors are in control every step of the way. They can stake and earn as usual or they can exchange their tokens for mining credits. These secondary ERC-20 tokens are burnt in exchange for mining time or a share of the yields. This could breathe life back into Bitcoin mining.
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Meme Kombat- Expect this P2E game to be one of the biggest of this year and 2024
P2E games have fallen off a little in 2023 and this can be attributed to a few things but mostly because meme coins have taken over the altcoin sector. So Meme Kombat ($MK) has made a very clever move by combining their P2E game with a meme coin crossover.
The game is inspired by one of the most famous combat franchises of all time; Mortal Kombat. With Meme Kombat, you will be fighting too but with the biggest memes of the last 10 years. You can take on Pepe with Doge or any of the other memes. AI plays a part in making this game so elite too as it is utilized to create a superb in-game experience.
AI will also help determine fight outcomes which is important as Meme Kombat also lets you wager on the battles. So you can play the game, stake your $MK, and win money by betting on the fights. This game really has the whole package. There are lots of different ways to bet as well including against your friends so players will have hours of fun with the game.
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TG.Casino- A very promising partnership means this crypto casino could go to the top
The crypto casino landscape is very quickly becoming saturated so a new casino is going to have to have a unique selling point that helps set it out from the crowd. TG.Casino ($TGC) has two of them. They will be a Telegram casino which immediately sets them out from the crowd but they are also committing to rewarding their loyal customers.
The partnership with Telegram feels like it can only mean good things for the casino. First of all, anyone with the app will now be able to use TG.Casino, this means, if they can grow product awareness on the app, the potential customer base is huge. They also get all the benefits of Telegram’s technical know-how including their world leading security and privacy features.
Then we come to the customer loyalty pledge. Every day the TG.Casino is going to purchase open market $TGC with casino profits. 60% of this total will be used for sustaining the ecosystem and rewarding loyal customers with prizes like bonuses. The other 40% will be burned which is great news for those that stake their $TGC as we all know scarcity increases the worth of the token.
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Pepe Coin- Could we be about to see a resurgence for the meme coin?
When Pepe Coin (PEPE) first surged into our lives the market wasn’t in the best state, however, that didn’t matter to the meme coin as it gained 1000s of percent basically overnight, and turned investors into millionaires. Could we be about to see a comeback from the meme coin?
In the past 30 days, the coin is up over 50%. During that period it has been notoriously volatile. However, there are signs that whales are beginning to get involved again. This was what drove Pepe Coin’s initial surge so we can’t rule it out happening again.
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Conclusion
While we are certainly worried about these binance revelations we are not going to panic. There is always value and profit to be found in the crypto market no matter what the conditions are. The four presale coins we have mentioned above represent low-risk options in times of strife. However, they also have the potential to pump, the perfect recipe for success.
The post Binance Bombshell as CEO ‘CZ’ Steps Down and Pleads Guilty, Unraveling the Crypto Market Landscape – 5 Best Cryptos to Buy Now! appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/binance-bombshell-as-ceo-cz-steps-down-and-pleads-guilty-unraveling-the-crypto-market-landscape-5-best-cryptos-to-buy-now/