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Lisa
@eellaoh99
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
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Qu4rk11
@qu4rk11
Fascinating insight into Binance's delisting criteria. The emphasis on community engagement and commitment to development is crucial for altcoins to thrive in the long run. This move may signal a shift towards more rigorous evaluation of project quality.
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