Binance, the world’s largest cryptocurrency exchange, is facing charges of market manipulation and falsified trading volumes. The allegations raise concerns about the true value of the exchange’s proprietary currency, Binance Coin (BNB). So what are the coins that can be an alternative to BNB?
Latest Status on BNB
Claims made by market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, have raised concerns about the authenticity of the BNB coin’s value. analysts wash trading continues to raise concerns about possible (self-trading) manipulation.
Analyst Joe Consorti from The Bitcoin Layer, who finds BNB’s price action “unusual” and specifically points to the solid defense of the $220 level, said that this level may be linked to the liquidation of BNB secured loans. Consorti urged Binance to issue a statement to dispel any doubts about Binance’s BNB secured liabilities.
Following the news of the United States Securities and Exchange Commission (SEC) filing a lawsuit against Binance, BNB fell 30.26 percent from $317 to $220. This is the first time since December 2022 that it has dropped to this price.
Responding to the accusations on June 13, CZ said that Binance did not engage in any trading activity as alleged.
BNB Coin Price
According to Coinbase data, BNB is trading at $242.87 as of June 19. Total market value of $37 billion. It has fallen by 20.73 percent in the last 24 hours.
What are BNB Alternative Coins?
Among the pre-sale coins, there are a few names that can be alternatives to the BNB coin. Investors who care about community support can buy Wall Street Memes tokens; Investors interested in Web3, artificial intelligence, blockchain technologies and NFT are taking action to buy Launchpad XYZ. Those who see great potential in the future of price prediction platforms and artificial intelligence are lining up to buy yPredict.
Wall Street Memes (WSM)
Meme coins are one of the top crypto niches that have generated triple and quadruple returns for investors this year. Projects like Pepe and SpongeBob Token have proven how the crypto community can spark a global movement. The Wall Street Memes token is also in line with this vision.
The Wall Street Memes token is not based on a simple meme logic. The GameStop scandal has a big concept behind it as it symbolizes the triumph of the internet. This attracts investors who want to stand up to institutional investors and other Wall Street giants.
Wall street memes token purchasing platform offers an environment where users can create their own funny memes using artificial intelligence (AI) technology. Thanks to this platform, users can design and share unique and interactive memes. Also, WSM coin is currently available at a low price, the price will increase as the pre-sale progresses.
Wall Street Memes also has a collection of 10,000 NFTs called Wall St Bulls, and investors can purchase these NFTs through the OpenSea platform.
The features offered by Wall Street Memes do not end there. WSM token also announced an airdrop for its backers. To participate in this event, all users have to do is either join the Discord community or participate in the pre-sale. Thus, 5 lucky people will win a slice from the prize pool of 50 thousand dollars.
Launchpad XYZ (LPX)
The LPX token pre-sale exceeds $1 million. Launchpad XYZ (LPX) is a powerful investment platform built on Web3 principles that attracts crypto market investors. According to Launchpad XYZ’s whitepaper, the entire ecosystem is powered by the native ERC-20 token called LPX.
Launchpad XYZ helps new and experienced traders alike, with the tools they need to learn about the markets. This platform covers a wide spectrum from Web3 wallets and pre-sales to play-to-win game centers, metaverse experience libraries and NFT DEXs, trading terminals to launchpad sections (LQ) and AI searches.
Launchpad XYZ token purchase aims to provide reliable data to its users, while attracting attention with opportunities such as market sentiment analysis and early access to high-potential projects. This means that investors can invest in high-potential coins at a much earlier stage using the platform.
yPredict (YPRED) is one of the standout pre-sale coins in this sense as investors search for cryptocurrencies that pioneered the artificial intelligence era in the crypto world.
yPredict launched in the second quarter of 2023 and has raised more than $600,000 in a short period of time. The platform offers signals entirely powered by artificial intelligence. The absence of the human factor supports the claim that the success rate is higher.
The platform’s artificial intelligence can understand 25 different investment patterns and analyze 100 different cryptocurrencies in minutes. In addition, users who invest by purchasing yPredict tokens above a certain investment amount can access some data that is offered free for life.
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