Binance We announced the list of Altcoins to be delisting the stock market. Altcoins are regularly added to this list. In the medium term, such crypto currencies, which have excessive sales due to the possibility of being mad from the stock market, can sometimes be surprised. Today Voxel experienced this.
Why is Voxel rising?
One of the subcoins that recently included in the monitoring list for Delist VOXEL COIN It suddenly rose quickly at the weekend. The stable decline had been going on for 15 days. The sales in this process came because the potential of subtraine from the stock market appeared. Now the price has experienced a 7 -fold increase from the bottom.
After climbing to the $ 0.178 limit VOXEL COIN It continues to find buyers on the $ 0.12 dollars. Larn at $ 0.03 hours ago subcoin This return has led to the liquidation of many short positions.
The crypto currency, which could not exceed 0.52 dollars since May 2022, reached abnormal values that rose to the bull of 2021 up to the $ 7 limit. However, with the Fed’s rapid interest rate hikes, the psychological support point of $ 1 was lost and over the years, Voxel Coin’s price went down to $ 0.1.
Lessons to be taken from Voxel Coin
First of all, this event reminds us of the potential of long -term subcoin investors not to not take place with the increasing number of ALTCOins. Investors who think that the dollar was an extremely attractive entry point, but what they have seen for years has been more.
The price declining by 99 %has made new bottoms and we will not see that it has reached the $ 6-7 background again. To the Delist Monitoring List of Binance Exchange The indifference of the entering Altcoins teams is labeled for reasons such as inability to fulfill the promises and stopping development. The table is not heartwarming when we confront the fact that the project and team -related problems pushing the Binance Exchange Voxel into this list, as it is highly likely to be delisting the subcoins that are included in this list.
But why did the price increase 7 times today? In the subcoins that fall on the Delist list, investors make sales to the loss because what the Binance Exchange does is expected to be done by other stock exchanges. What we see in Voxel is an attempt to earn money in both the liquidation and earnings of the Short positions of the market -making or one/several whales in the environment that everyone sells. Since investors are likely to gain from such speculative movements, it can be much more risky for purchasing from high prices.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
