Binance US reopens Cardano trading following SEC’s lawsuit dismissal.
Altcoin ADA expected to hit cycle top price between $10 and $15.
Cardano’s ADA is one of the most bullish altcoins for altseason.
Binance US reopens Cardano trading following SEC’s lawsuit dismissal. This is a highly bullish sign for Cardano’s (ADA), an altcoin already showing highly bullish indicators to hit much higher ATH prices this bull cycle. With this latest move that brings ADA back to one of the biggest crypto exchanges in the world, expectations for Cardano’s ADA to hit ATH prices of $10 to $15 grows stronger.
Binance US Reopens Cardano Trading Again
Before Trump’s presidential win, the SEC was on a warpath to hinder crypto growth in the United States of America. Over the last few years, the SEC was steadily targeting several crypto and blockchain ventures and hindered their growth, leading to slow progress in innovation and brutal price dips. Of the many crypto entities the SEC targeted, Ripple’s XRP, Cardano’s ADA, and Coinbase were among the first few to experience brutal challenges posed by the SEC.
To highlight, the SEC caused problems due to lack of clear regulations. In response, all these crypto entities did their best to work with the SEC. They constantly requested to meet to set clear regulations and remained completely transparent throughout the whole episode. Still, the SEC refused to cooperate and began to cause real harm that made the crypto space in the US a toxic environment.
Eventually these firms began to look elsewhere to settle their headquarters. For instance, Coinbase was ready to move to Dubai, UAE. However, the need to do so came to an end when Trump took office again, fired SEC CHair Gary Gensler, and worked to make America the central hub for crypto operations. In a short time, the USA became a place for crypto projects to thrive, and we are currently in the middle of the SEC undoing all of their previous menacing moves.
https://twitter.com/MinswapIntern/status/1930903114548162602
What’s playing out now is undoing the SEC’s move of accusing and classifying several altcoins as securities. This led to a mass delisting of many altcoins from popular and reputed crypto exchanges like Binance. As we can see from the post above, Binance US has finally reopened Cardano trading, meaning traders in the USA can how hold and trade Cardano’s native token ADA.
ADA Cycle Top Price Between $10 and $15
https://twitter.com/Crispy_Craps/status/1930944999178260533
This is incredibly bullish news for the altcoin ADA. Already, Cardano and ADA are receiving a lot of bullish expectations for this ongoing bull cycle. Since the last bull cycle, Cardano has improved its ecosystem with various upgrades, earning it the title of the best and only truly decentralized blockchain in the space. This has led many analysts to expect the success of the blockchain to reflect on the ADA token. How high will ADA go this altseason? The analyst in the post above believes $10 and $15 ADA prices are highly likely.
