Should you catch the bottom of the digital currencies REN and KEY when they are about to be delisted by Binance?
The decision to catch the bottom of the digital currencies REN and KEY when they are about to be delisted on Binance is a complex issue and carries many risks. Currently, Binance has announced that these tokens will be delisted on December 10, 2024, due to not meeting trading standards. Both REN and KEY have been severely affected, with a nearly 40% decrease in value since the announcement, along with low trading volumes and selling pressure in the market.
When tokens like REN and KEY are delisted, this often leads to a loss of liquidity and accessibility of the tokens in the market, which can negatively impact their value. Additionally, investor sentiment may also become anxious, making the decision to hold or invest further potentially risky.
If you are looking for investment opportunities, consider the current situation, the potential recovery of the project, and the level of risk you can tolerate. It is best to monitor market developments and information from other exchanges, as well as consider opinions from financial experts before making a decision.