As one of the best-performing altcoins, could $BNB join the shortlist of top cryptos? And will its rise set the stage for a bull run that boosts the best presales sky-high?
The utility token for Binance Smart Chain, $BNB has been flying just under the radar recently. But a 5% surge in $BNB’s price on Monday, May 12 put $BNB near $700. While the price has corrected since, there are signs that institutional support is growing.
It’s part of a wholehearted embrace of crypto that’s also seen the agency accused of ‘picking the winners’ in the growing crypto adoption push.
Will the new crypto rules help $BNB firm up its spot on the shortlist of major altcoins? And how will the top presales fare in the new dispensation? Let’s learn more.
Monday’s Crypto Roundtable at the SEC revealed some juicy information. Perhaps the most important speech came, unsurprisingly, from SEC Chairman Paul S. Atkins.
So what’s a decent, hard-working SEC chairman to do? Write new rules.
Specifically, new rules for crypto issuance, custody, and trading, three critical areas for the industry.
Atkins also promised an end to ad-hoc enforcement actions; even mentioning the possibility of ‘conditional exemptive relief’ for crypto products and services launching in the interim.
What was especially interesting was Atkin’s acknowledgement of how finance institutions – TradFi – are moving to the forefront of crypto adoption.
For an example of the impact of institutional support, we need to look no further than $BNB.
Perhaps more importantly, trading volume surged 54% in the past 24 hours, potentially indicating renewed institutional support. $BNB trading volume sits at over $2.6B, with a market cap of over $91B.
That makes $BNB the fifth-largest crypto by market cap.
The sheer versatility of the ecosystem demonstrates Binance’s commitment (and financial support) for a top-tier blockchain.
The launchpool is particularly valuable to traders, as it provides a way to find upcoming projects before they launch. This lets investors get in at the presale stage on Binance-vetted projects, when token prices are potentially as low as they’ll ever go.
Solana already has lower costs and faster transaction speeds than Ethereum; that’s part of the reason behind the wild success of platforms like pump.fun. Even so, the network can be plagued with congestion issues and occasional failed transactions.
Now in presale, Solaxy aims to combine Ethereum’s reliability and scalability with Solana’s speed. The result is $SOLX, an ERC-20 token with native multichain capability. After the token launch, the project will deploy the first-ever Solana Layer-2.
The applications are nearly endless; meme coin launches and faster payment solutions, just for starters. And during the presale, investors can stake $SOLX for even more gains – 115% staking rewards.
The total crypto AI market cap is up 52% over 30 days, sitting at $38B overall. The content creation market is worth over $85B worldwide.
$SUBBD provides fans and content creators with a full suite of features, including:
Perhaps most enticing is the SUBBD AI Creator. With the tool, content creators and fans can launch and manage their AI influencers and easily monetize their content creation efforts.
That standard will let anyone launch meme coins directly on Bitcoin. The potential for a true Bitcoin-based meme coin is phenomenal, given Bitcoin’s power and performance. BEP-20 will be EVM and Solidity compatible, giving developers all the tools they need to build a dominant blockchain.
The tokenomics prioritize the presale, with significant percentages reserved for staking, marketing, and further development.
Given the momentum of the project, it’s not surprising that $BPEP has already raised over $8M in the ICO stage.
That said, no matter how good the market looks, do your own research. Volatility is a feature of crypto, not a bug.
