⚠️🚨 Binance Removes 6 Cryptocurrencies: Instant Market Impact! 🚨⚠️
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In a sudden move, cryptocurrency giant Binance has announced the removal of six altcoins from its platform, effective August 26, 2024. The affected assets are PowerPool (), Ellipsis ($EPX), ForTube ($FOR ), Loom Network (), $REEF (), and VGX Token ($VGX). This decision has already triggered a sharp market reaction, with significant price drops across the board.
🔴Immediate Market Impact
Following the announcement, the prices of the delisted cryptocurrencies plummeted:
- $CVP , FOR, EPX, and VGX experienced a steep decline of approximately 40% within a single day.
- LOOM and REEF saw moderate drops of 14% and 23%, respectively.
🔴Reason for Delisting
Binance regularly evaluates listed digital assets to ensure they meet the highest standards, considering factors such as:
- Project team commitment
- Transaction volume
- Technological development quality
- Network security
When an asset no longer meets these criteria or market dynamics shift, Binance opts to delist to protect users and maintain a stable trading environment.
🔴Affected Trading Pairs
The removal affects the following trading pairs:
- CVP/USDT
- EPX/USDT
- FOR/BTC
- FOR/USDT
- LOOM/BTC
- LOOM/TRY
- LOOM/USDT
- REEF/TRY
- REEF/USDT
- VGX/USDT
All active trading orders will be automatically canceled after trading halts for each respective pair.
🔴Historical Precedent
Binance's delisting decisions have previously led to significant market disruptions. Earlier this year, similar actions were taken with Monero (XMR), Aragon (ANT), Multichain (MULTI), and Vai (VAI), all of which saw dramatic price declines following the announcements.
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⚠️ BREAKING REGARDING $SAGA $LEVER $TAO
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1️⃣ SAGA
SAGA is experiencing a notable surge of 12.60% to $1.42, indicating a strong upward momentum. To sustain this trend, SAGA must break above the $1.50 level and close above $1.60. Success in doing so could lead to further upside.
2️⃣ LEVER
LEVER is witnessing a significant increase of 11.34% to $0.002229, showcasing buying pressure. To capitalize on this trend, LEVER must break above the $0.0025 level and close above $0.003. Achieving this could lead to further gains.
3️⃣ TAO
TAO is experiencing a substantial increase of 14.75% to $341.60, indicating a strong upward trend. To build upon this momentum, TAO must break above the $350 level and close above $360. Success in doing so could lead to further growth.
KEY LEVELS TO WATCH:
- SAGA: $1.30 (support), $1.50 (resistance)
- LEVER: $0.002 (support), $0.0025 (resistance)
- TAO: $320 (support), $350 (resistance)

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DIA is on the Rise! 🚀

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