đ¨đ¸ Why Do Coins Surge When Facing Delisting on Binance? đ¤
It may seem counterintuitive, but some coins experience a surge in price when they're about to be delisted from a major exchange like Binance đ. Here are some reasons why this might happen:
- _Pump and Dump Schemes:_ Some traders may try to manipulate the price by spreading false information or creating hype around the coin, causing a temporary price surge đ.
- _Last-Chance Buying:_ Investors who still hold the coin may rush to buy more, hoping to sell at a higher price before the delisting takes effect đ.
- _Short Squeeze:_ Traders who shorted the coin may be forced to cover their positions, leading to a price surge as they buy back the coin đ.
- _Sentimental Value:_ Some investors may buy the coin out of sentimental value or to support the project, even if it's facing delisting â¤ď¸.
Coins Facing Delisting on Binance:
1ď¸âŁ đ _Polymath (POLY):_ Scheduled for delisting on December 15, 2023 đ.
2ď¸âŁ đ _Quantstamp (QSP):_ Scheduled for delisting on January 1, 2024 đ.
3ď¸âŁ đ _Storj (STORJ):_ Under review for potential delisting, with a decision expected soon đ¤.
Please note that delisting dates and decisions are subject to change, and it's essential to stay informed through official announcements from Binance and the project teams đ.
đ _Actionable Tips:_
1ď¸âŁ đ _Stay Informed:_ Stay up-to-date with the latest developments on coin delistings and potential price movements đ.
2ď¸âŁ đ _Diversify Your Portfolio:_ Consider diversifying your investment portfolio to minimize potential losses and maximize potential gains đ.
3ď¸âŁ đ _Set Realistic Expectations:_ Set realistic expectations and avoid getting caught up in hype or FOMO đ.