Place/Date: - March 23rd, 2023 at 11:12 am UTC · 3 min read
The turbulence in the banking sector prompted by a series of closures and eventual takeovers of multiple US-based banks have set up the ideal financial ecosystem for cryptocurrency, as the industry has been riding on a major surge since the crisis began unfolding at the beginning of March.
The instability in the banking sector, higher-than-expected inflation data, and renewed confidence in the US Federal Reserve have caused a massive jump in most cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) in particular, mainly due to the fact they account for roughly 65% of the industry’s total domination.
At the time of writing, the global cryptocurrency market capitalization was at $1.16 trillion as the fallout in the global banking sector has provided cryptocurrency to stand out as an alternative to traditional banking.
Toncoin (TON) and Monero (XMR) were some of the cryptocurrencies to post gains during the bull run while Signuptoken.com was impressing investors with its easy-to-use interface.
Toncoin (TON), a decentralized layer-1 blockchain, was up by 0.68% in overnight trading after days of downward movement causing TON to trade at a low of $2.36. However, slight resistance by bulls in daily trading supported Toncoin to post a green movement to trade at its current price of $2.38.
At the time of writing, Toncoin’s price was dominated by bears with a weekly downward movement of 1.10% as it held a market capitalization of $2.9 billion.
Monero (XMR), which allows transactions to take place privately and with anonymity, made marginal gains after a week of back-and-forth trading which saw its price post a high of $158.88 and a low of $142.86.
At the time of writing, Monero was trading at $154.58 with a weekly upward movement of 0.95% while holding a market capitalization of $2.8 billion.
Signuptoken.com is one of the latest projects created on the Ethereum blockchain with a unique feature that offers the average crypto the simplest of ways to invest in the Decentralize Finance (DeFI) ecosystem.
The ERC-20 token stands out from most cryptocurrencies as it offers amateur and seasoned crypto users a convenient way to invest in Decentralized Finance (DeFi) companies by simply letting crypto holders sign up with just their email addresses to secure a token.
Unlike any other cryptocurrency, Signuptoken.com does not have a presale or an Initial Coin Offer (ICO) before it launches live. Instead, the project has set a target of 1 million subscribers to launch on the Uniswap exchange platform. Having recently launched, the project has already received close to 1000 email sign-ups, and once live, Signuptoken.com will allow investors to trade the token for other Ethereum-based digital currencies.
Given the complexities in the operation and terminology in cryptocurrency, Signuptoken.com has been created specifically for the average crypto user as it does not require any money to secure a token, and is a process that takes less than a minute to complete nor does it require any specialized knowledge of cryptocurrencies or decentralized finance.
Subscribers are regarded as the originals and will have more leverage with access to all the news related to the token about its launch and pricing, making it easier to decide whether or not a token should be purchased.
To sign up for SignUp Token, visit the link.
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