Monitoring Risky Cryptocurrencies on Binance Spot That Could Impact Your Portfolio
The following tokens are considered high-risk investments as they are on Binance's monitoring list. Tokens in this category are at a higher risk of being delisted. If a token gets delisted, its price can plummet by over 50%. Once delisted, many tokens struggle to recover. However, there are exceptions, such as REEF, which saw a price rebound after a sharp drop but is still listed on the futures market.
Here are the tokens currently being monitored on Binance's spot market, along with their market capitalizations:
1. PROS = $8.82M
2. OAK = $9.41M
3. OOKI = $11.09M
4. HARD = $14.35M
5. FIRO = $15.16M
6. VITE = $15.33M
7. GFT = $17.35M
8. AKRO = $18.35M
9. K3PR = $18.46M
10. UNFI = $20.99M (Spot & Future)
11. AMB = $21.84M (Spot & Future)
12. KEY = $21.94M (Spot & Future)
13. IRIS = $22.71M
14. LINA = $24.26M (Spot & Future)
15. CREAM = $29.33M
16. CLV = $33.31M
17. CTCX = $34.08M
18. REN = $34.42M (Spot & Future)
19. BETA = $37.61M
20. WRX = $43.26M
21. MBL = $46.65M
22. BLZ = $58.8M (Spot & Future)
23. ARK = $69.97M (Spot & Future)
24. SNT = $85.11M
25. BAL = $113.41M (Spot & Future)
26. SUN = $176.24M (Spot & Future)
27. CVX = $191.37M
28. ELF = $264.24M
29. ZEC = $423.06M (Spot & Future)
30. FTT = $674.36M
31. JASMY = $951.84M (Spot & Future)
It's curious that FTT and JASMY, despite being under monitoring for a long time, have not been delisted yet. If you're patient, a potential strategy could involve shorting tokens with the highest market cap that also have futures markets. When they get delisted, the price tends to drop sharply, offering a chance to profit from a correction of over 50%.
Whatâs your take on this strategy?
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