Just a few months ago, Binance Coin (BNB) was expected to be one of the frontrunners in the 2023 crypto race, with huge potential as the native token of the world's largest exchange.
However, we're yet to see any bigger bullish runs, with the token now facing a potential downturn due to the Binance CFTC lawsuit.
Due to these regulatory uncertainties, BNB supporters are in search of new promising tokens that will bring profits in the upcoming months.
And they might've found it in DeeLance (DLANCE).
This Web3 crypto recruitment platform has caught the crypto industry by storm in the past few weeks, and analysts estimate that the uptrend will continue for some time.
Let's check out the details.
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On Monday (April 3rd), the Commodity Futures Trading Commission (CFTC) announced a lawsuit against Changpeng "CZ" Zhao, the CEO of Binance.
Apparently, the US regulator accused the leading crypto exchange of violating trading derivative rules and potentially manipulating the market.
This led to quite a downturn for its native token, BNB, which dropped by almost 6% in the 24 hours after the announcement.
These last few days have been somewhat better as CZ Zhao and the Binance team worked diligently to mitigate any larger setbacks, but regulatory uncertainty is still worrying for investors.
Binance Coin (BNB) is currently still holding the $310 mark, with a slight 1.6% loss in the last week.
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Zhao was quick to react to the lawsuit news and released a detailed blog post as a response where he says that the complaint "contains an incomplete recitation of facts."
He went on to talk about the company's KYC procedures and stated that Binance leverages "best-in-class" technology to ensure total compliance with the law.
In the end, Zhao mentioned that "Binance does not trade for profit or manipulate the market under any circumstances."
This response certainly helped regain investor confidence, but trial and further developments are still in store. Depending on how things develop in the upcoming weeks, BNB could suffer additional drops, maybe even falling below the $200 threshold if things get really messy.
But until more information about the lawsuit is revealed, the future price of BNB is anyone's guess.
And with so much uncertainty surrounding it, industry experts suggest that it's much better to look for alternative tokens that have a much higher chance of profits at the moment.
One of the best alternatives right now is DeeLance (DLANCE).
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DeeLance is an upcoming cryptocurrency that leverages Web3 and NFT technology with the aim to revolutionize the freelancing space that's currently worth more than $1.5 trillion.
Entrepreneur's report also mentions that there are currently more than 1.5 billion freelancers around the world and the industry is growing at an annual rate of approximately 15%.
The biggest companies that are currently capitalizing on this huge market are Upwork and Fiverr, but DeeLance is building an ecosystem that's ripe to outperform them.
DeeLance's recruitment platform is built on Ethereum's blockchain, ensuring safe and decentralized transactions, while also using smart contracts to make sure all parties are satisfied with the outcomes.
Furthermore, there are no middlemen like on Upwork and Fiverr that take massive earning percentages from the freelancers working on the platform. Alongside that, DeeLance allows freelancers to withdraw their earnings instantly without any unnecessary delays.
Payments are made in the platform's native token DLANCE, but there will be dozens of more supported cryptos as well.
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In the next couple of months, we can also expect to see a DeeLance Metaverse where users can buy land and build offices from which they'll work. These virtual offices will be backed by NFTs, ensuring total ownership.
Users will also create their own NFT avatars to participate in the recruitment marketplaces, discuss tasks, and meet with future employers.
Recruiters will be able to build virtual offices for conducting job interviews, while freelancers will have several interesting choices for advertising their expertise and portfolios.
With its incredible use of Web3 and blockchain technology, DeeLance is expected to take over a huge portion of the market and establish itself as one of the leading recruitment platforms in 2023.
According to crypto experts and industry analysts, the token could easily bring 30-50x profits in the upcoming months.
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Considering that it's at the heart of the ecosystem, DLANCE will play a pivotal role in the recruitment platform's development.
Users will need it to process payments, buy and sell NFTs, run advertisements, build offices, buy land, and more.
Right now, DLANCE is priced at $0.025 in the first stage of the DeeLance presale, and it will increase to $0.027 in less than seven days.
It's already raised over $70,000 in funding in record time, and it seems like much more success awaits it in the following period.
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Although there were talks that BNB would surpass the $500 mark in 2023, the new lawsuit is looking to stand in the way of this.
Depending on the media sentiment and what US regulators find about Binance, the price of this token could drop drastically in the following months, making it an unsafe investment at the moment.
For big profits, DLANCE is currently a much better option, with some analysts suggesting it could explode by 30x as soon as it hits the market after the presale.
Now is the best time to become an early investor and maximize your profits with the Web3 recruitment platform.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.