Currently, the founder of the Binance platform has indeed been hit by a case, but you should pay attention to the fact that many IEOs have appeared on Binance and provide positive support to keep the Binance exchange alive, as in the past, just holding the amount of BNB would get you new tokens for free. The more BNB you use, the more potential profit you can get, meaning this method has tried to keep the BNB price high, but reaching the price of $1000 seems to be difficult and requires quite a long process.
At first, the Binance case was quite surprising and caused trust to be quite eroded, but many people also thought the opposite of this case because there was excessive interference from the other side, which resulted in many still believing that this would be resolved as well as possible. This can be seen now that BNB is starting to move in a positive direction, starting to forget about this case, and ensuring that they can give confidence to their investors that this problem can be resolved.So there is no question that BNB will not be able to move to form a renewable ATH, like in 2021.
Feel free to continue buying and holding, as BNB will increase along with Bitcoin.
The Binance case indeed had a significant impact on market sentiment and raised concerns among users. However, as you mentioned, the situation is dynamic and can evolve over time. The ability of a platform like Binance to address issues, communicate transparently, and implement necessary changes can influence how users perceive the platform.
Investors and the broader community often closely watch how cryptocurrency exchanges handle challenges and regulatory scrutiny. The positive movement you observe in BNB's price may reflect growing confidence or optimism about the resolution of the situation.
It's essential for users and investors to stay informed about developments related to the platform, regulatory updates, and any changes implemented by Binance. The cryptocurrency market can be influenced by a range of factors, and sentiments can change based on news and events.
As with any investment, conducting thorough research, staying updated on news, and considering the potential risks are crucial elements of making informed decisions. Always be cautious and prioritize security and transparency in your dealings with cryptocurrency exchanges.