Recently, bAn announced the delisting of $OMG, $WAVES, $WNXM and $XEM. The reasons include: team commitment, project quality, trading volume and liquidity, network/smart contract stability, community maintenance, fraudulent behavior, regulatory requirements, blockchain contribution and enthusiasm for responding to reviews.
Let’s take a look at the specific terms they violated:
$OMG, OMG is one of the most valuable cryptocurrencies in Thailand. Its delisting is a reminder that even former market darlings can face a sudden plunge in market value as they may be at risk of being delisted at any time.
$XEM, the new currency, aims to create a new digital currency and its ecosystem. Although it performed well in the last bull market, the project gradually stopped major technical updates two years ago, and the recent updates are insignificant. The official community and Twitter operations have been suspended, and the market value has shrunk by 40%, and the prospects are worrying.
$WAVES, the largest public chain ICO project in Russia, saw its price soar due to risk aversion during the Russia-Ukraine conflict. Although the project has plans to launch an L2 network, and its social network and Twitter are also actively operating, there are only about 10,000 transactions per day, which cannot support its big name and faces the risk of being delisted. Similar projects include $QTUM, $NEO, and $XTZ. Investors holding these coins should also be vigilant.
$WNXM, a protocol built on Ethereum, provides insurance and risk management services to project members. Although the concept is good, the execution is weak. Similar projects include $STPT and $BADGER, which have not brought actual profits for many years under the name of DeFi. Investors should be careful that these old DeFi projects are going to be a failure.
The loan positions of the CRV founder were liquidated, accumulating about 100 million $CRV. Panic selling in the market increased, and the founder had to sell coins many times due to lack of money. Such a project is likely to be the next target for delisting.
There is no need to speculate on the coins that have been officially delisted, and we hope everyone will avoid these projects. However, $AKRO, $QTUM, $NEO, $XTZ, $STPT, $BADGER and $CRV are currently at risk of being delisted, so investors must be careful.
The loan positions of the founder of CRV were liquidated, with a total of about 100 million $CRV, worth about 27 million US dollars. CRV fell to a record low, and many large orders were directly buried. Friends who hold coins are really suffering. It's another day to pay for the founder! Every time the founder of CRV is short of money, he sells coins. This liquidation also caused a sharp increase of 78% of CRV tokens in the market, and also increased panic selling. The founder has been confused and irresponsible for many times. I believe that such a founder and such a lagging project will soon be included in the new watch list and become a new delisting target!
Binance Exchange’s recent decision to delist cryptocurrencies actually sent a clear signal to the market: in the field of cryptocurrencies, emerging projects may have more investment value than established projects. This incident has triggered the market to rethink investment in established cryptocurrencies.
In contrast, many newly launched cryptocurrencies, as star projects recommended by exchanges such as Binance, can quickly attract market attention and capital inflows, causing their prices to soar. This sharp contrast between new and old currencies shows the market's preference for new things and indifference to old assets. Therefore, when considering investment, people should not blindly invest in a project just because it has a long history, but need to pay more attention to the project's development dynamics, market acceptance, and the attitude of the exchange.
How to choose a good currency, you can refer to the following factors:
First, hot topics. There are several big trends this year: ai raw sol meme and some other good concepts.
Second, meme doesn’t count. What matters is whether there is a strong institutional background behind it.
Third, look for the weekly chart to show a bullish trend (refer to the previous technical analysis)
Fourth, whether the recent rise in the daily chart is accompanied by a significant increase in trading volume.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
