Binance Exchange's recent decision to delist OMG, WAVES and XEM, three cryptocurrencies that were once in the top 50 by market value
Binance Exchange's recent decision to delist OMG, WAVES and XEM, three cryptocurrencies that were once in the top 50 by market value, actually sent a clear signal to the market: in the field of cryptocurrency, emerging projects may be more valuable than old projects.
As one of the most valuable cryptocurrencies in Thailand, the delisting of OMG reminds us that even the former market darlings may face a sudden plunge in market value because they may be at risk of being delisted at any time.
This incident has triggered the market to rethink investment in old cryptocurrencies. In contrast, many newly launched cryptocurrencies, as star projects recommended by exchanges such as Binance, can often 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, everyone should not blindly invest just because a project has a long history, but need to pay more attention to the development dynamics of the project, market acceptance and the attitude of the exchange.
