binance altcoins Archives - Coin Engineer https://coinengineer.net/blog/tag/binance-altcoins/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 27 Nov 2023 14:37:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png binance altcoins Archives - Coin Engineer https://coinengineer.net/blog/tag/binance-altcoins/ 32 32 Binance Delists Numerous Altcoins! https://coinengineer.net/blog/binance-delist-multiple-altcoins/ https://coinengineer.net/blog/binance-delist-multiple-altcoins/#respond Mon, 27 Nov 2023 14:37:31 +0000 https://coinengineer.io/blog/?p=7206 One of the world’s largest cryptocurrency exchanges, Binance, announced on November 27, 2023, that it will delist all trading pairs for five altcoins and cease their trading. These altcoins are: Bitcoin Superstar (BTS) Perlin (PERL) Torn (TORN) Waltonchain (WTC) This decision has resonated widely in the cryptocurrency market. So why did Binance take this decision?

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]]> One of the world’s largest cryptocurrency exchanges, Binance, announced on November 27, 2023, that it will delist all trading pairs for five altcoins and cease their trading. These altcoins are:

  • Bitcoin Superstar (BTS)
  • Perlin (PERL)
  • Torn (TORN)
  • Waltonchain (WTC)

This decision has resonated widely in the cryptocurrency market. So why did Binance take this decision? What will be the effects of this decision on the market?

Reasons for Binance’s Decision

According to Binance’s announcement, this decision was taken to provide a better experience for its users and to reduce risks. The exchange stated that the delisted altcoins had low market volume, inadequate liquidity, and were technically weak. Moreover, it was suggested that these altcoins could be associated with crimes such as fraud or money laundering.

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Market impacts of Binance’s decision

Binance’s decision caused significant drops in the prices of the delisted altcoins. The prices of BTS, PERL, and TORN tokens fell by over 50% following the announcement. The price of the WTC token dropped by more than 20%.

The longer-term effects of this decision on the market are not yet known. However, some analysts are concerned that this decision may lead to a loss of confidence in the cryptocurrency market. It is also indicated that it may cause significant losses for the investors of the delisted altcoins.

Binance’s decision is a significant development for the cryptocurrency market. This decision shows that exchanges are becoming more selective and are taking steps to reduce risks. However, the long-term effects of this decision on the market are not yet known.

Binance’s decision requires investors to be more careful before investing in cryptocurrencies. Considering the delisting risk, investors may prefer to invest in altcoins with high market volume and good liquidity.

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]]> https://coinengineer.net/blog/binance-delist-multiple-altcoins/feed/ 0 Which Altcoin Listed on Binance? https://coinengineer.net/blog/which-altcoin-listed-on-binance-will-start-trading-under-a-different-name/ https://coinengineer.net/blog/which-altcoin-listed-on-binance-will-start-trading-under-a-different-name/#respond Fri, 24 Nov 2023 23:23:03 +0000 https://coinengineer.io/blog/?p=7046 Which Altcoin is Listed on Binance? Binance recently announced it would support the rebranding of TomoChain’in(TOMO) as Viction (VIC). After the update, deposit transactions for VIC on Ethereum, BNB Beacon Chain, and Viction networks became active; however, withdrawal transactions for VIC are only supported on Ethereum and Viction networks. The TOMO token is now traded

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]]> Which Altcoin is Listed on Binance? Binance recently announced it would support the rebranding of TomoChain’in(TOMO) as Viction (VIC).

After the update, deposit transactions for VIC on Ethereum, BNB Beacon Chain, and Viction networks became active; however, withdrawal transactions for VIC are only supported on Ethereum and Viction networks.

The TOMO token is now traded as VIC on Binance, and the distribution of VIC was successfully completed at a rate of 1 TOMO = 1 VIC.

Viction (VIC), formerly known as TomoChain, is a human-centered layer-1 blockchain aiming to make Web3 easy and safe for everyone to use. Known for its user-focused design, Viction prioritizes zero-gas transactions, speed, safety, and scalability to create a more secure and transparent world.

Viction adds scalability and stability to its network by using a Proof-of-Stake (PoS) consensus of 150 master nodes. These features make Viction an important player in the crypto world, appealing to a wider user base. Most of Altcoin Binance listing has a potential to list.

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You can register to Binance Exchange, where you can perform buying and selling transactions for many altcoins, with a 20% Commission Discount Registration Link.

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