馃毃 Avoid Being Trapped So Easily馃毃
As we have seen, the delisting of POLS, DOCK, BOND, and MDX from Binance is imminent. Despite this, some are questioning whether they should buy these tokens and keep them in a hard wallet. Let me clarify:
馃敶 Binance's Influence: Binance is one of the biggest exchanges in the world. If they decide to delist a coin, there is no guarantee that the price will ever return to its original value. While it's not impossible, it's highly unlikely.
馃敶 Market Behavior: Upon the delisting announcement, these coins plummeted to all-time lows, only to rise again shortly after. This pump and dump cycle continues, even today, making the market behavior highly unpredictable and risky.
馃敶 Risk of Further Delisting: There's also the possibility that other exchanges may follow Binance's lead and delist these coins as well, which would further impact their value and liquidity.
馃敶 Better Alternatives: With thousands of better options available, why invest in such volatile coins? There are many more stable and promising projects out there.
馃敶 Uncertain Future: Given the volatility and the imminent delisting, it's highly uncertain if these coins will ever reach their current prices again in the next 5 years.
Again, a reminder to traders and investors:
馃敶 Stay away from highly volatile coins that are about to be delisted. Even if they surge by more than 100%, they can just as quickly dump back to their starting prices. Investing in such coins can lead to significant losses.
馃敶 Invest in projects with strong fundamentals and a stable outlook. Protect your hard-earned money by avoiding traps set by volatile and risky investments.