The beginning of January 2023 seemed promising for crypto, with Bitcoins (BTC) bull market leading a rally that travelled through most top coins in the market. Unfortunately, these events were fleeting, and it turns out winter’s harsh weather continues to reign over our favourite assets!
Last Wednesday, Silvergate bank announced its problems with the SEC in regard to a filing that would delay its financial report. The crypto-based bank decided to halt the payments to its exchange, the Silvergate Exchange Network. This inspired fear and uncertainty in investors, which caused a bank run with losses of up to $1 billion!
Silvergate Bank happens to be the predominant payment network provider for most major cryptocurrencies, so the bank run has had a serious impact on the industry. Furthermore, Silvergate is attracting negative attention for working with FTX and Alameda Research which is why the bank also experienced an enormous loss of $14 billion in 2022.
Behold Crypto’s Silver Lining: Sign Up Token
Sign Up Token (SUT) is a new and innovative asset that has found a way to surf the waves of this crypto storm. Instead of making a desperate attempt to achieve gains through offering a dirt-cheap token presale, they found a method that will appeal to all kinds of investors. Especially those with less money and less experience!
Sign Up Token’s name says it all. All you have to do is sign up, with no cost, and no catch! It takes just over a minute and what they offer in return significantly outweighs the 60-second sacrifice. SUT is a highly exclusive token so the information we can disclose is limited, but they share everything with their community. However, we can tell you this! The token will launch once it’s hit a million community members. Their plan is to announce their launch before entering crypto exchanges, providing their community with a great advantage! SUT refers to its community as “The Millionaires Club” not just because its email list consists of a million members, but because they are positive that each and every user will experience life-changing returns.
Solana and Polygon are Down!
Bitcoin’s selling pressure billowed through the crypto market, affecting most top coins including Polygon (MATIC) and Solana (SOL). BTC has tumbled down and below the $22,000 mark on Wednesday. The coin now sits at a price of $19,922.92! The effects of Silvergate caused Solana to drop an entire 3.3% in the first over the past 24 hours to $20.7. Over the past 24 hours, SOL and MATIC fell 6%. At the time of writing, SOL coin now sits at an unfortunate $17.50, and MATIC at $1.04. Crypto analysts believe that if this bear run doesn’t relent in the next couple weeks, things could get much worse for these two top coins.
Follow the Link For More Information on Sign Up Token!
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