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Title: Binance's delisting of altcoins in June suggests insights into the cryptocurrency market
Introduction:
1. Binance to delist several altcoins at the start of June
On June 3rd, Binance announced the delisting of several altcoins, including OMG Network ($OMG), Waves ($WAVE), Wrapped NXM ($WNXM), and Nem ($XEM). Notably, some of these altcoins, such as $OMG, $WAVE, and $XEM, had been closely associated with the early growth stages of the cryptocurrency market.
In its announcement, Binance cited a few key criteria that led to the decision to delist these altcoins, including:
The level of commitment and quality of operations by the project’s development team
The trading volume and liquidity of altcoin
The development and engagement of the project’s community
Altcoin’s overall contribution to the broader cryptocurrency ecosystem 27 replies
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