On June 3, an incident occurred that attracted the attention of the encryption market.
Anan suddenly announced the delisting of several well-known cryptocurrencies:
OMG, Waves and XEM.
These Coins During the Last Cryptocurrency Bull Market
They were all among the top 50 projects by market value.
Among them, OMG is known as one of Thailand’s representative cryptocurrencies.
Risks of old coins appear:
An'an delisted these once mainstream currencies.
revealed a problem,
That is, even cryptocurrencies with a long history and once high market capitalization
There is also the risk of being delisted by exchanges.
This uncertainty creates challenges for investors,
Because once a currency is delisted by a large exchange,
Often leads to a sharp decline in liquidity,
Prices could plummet as a result.
At the same time, exchanges often promote newly launched currencies.
These new coins often have investment or cooperative relationships with the exchange itself.
Therefore, you may experience significant price increases during the initial launch period.
In this comparison,
On the one hand, the new currency “does not skyrocket” because it is supported by the platform;
On the other hand, old coins like OMG are facing plummeting due to the news of their delisting.
sharp contrast
To sum up,
We must always pay attention to new coins,
You also need to always pay attention to the delisted currencies.
To prevent financial losses
$OMG $WAVES
