{"id":305126,"date":"2024-06-04T15:52:47","date_gmt":"2024-06-04T14:52:47","guid":{"rendered":"https:\/\/readwrite.com\/?p=305126"},"modified":"2024-06-04T15:52:47","modified_gmt":"2024-06-04T14:52:47","slug":"binance-to-delist-waves-xem-omg-wnxm-buy-the-dip-or-will-crypto-prices-crash-more","status":"publish","type":"post","link":"https:\/\/readwrite.com\/binance-to-delist-waves-xem-omg-wnxm-buy-the-dip-or-will-crypto-prices-crash-more\/","title":{"rendered":"Binance to Delist WAVES, XEM, OMG, WNXM &#8211; Buy The Dip Or Will Crypto Prices Crash More?"},"content":{"rendered":"<p>Binance <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-will-delist-omg-waves-wnxm-xem-on-2024-06-17-f65faeeefe07417a8b6dd2900ba8da7e\">announced<\/a> yesterday that it will delist all spot trading pairs for OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) on June 17th at 03:00 (UTC).<\/p>\n<p>Let&rsquo;s explore the reasons behind Binance&rsquo;s decision and how it might affect the prices of these tokens.<\/p>\n<h2 class=\"whitespace-pre-wrap break-words\">Binance Announces Multiple-Token Delistings<\/h2>\n<p class=\"whitespace-pre-wrap break-words\">Binance&rsquo;s announcement provided insight into the factors that contribute to the decision to delist a digital asset. The commitment of the project&rsquo;s team, the level and quality of ongoing development activity, and the trading volume and liquidity of the asset all play a role. Additionally, the stability and safety of the network from potential attacks, as well as the stability of the network or smart contracts, are crucial considerations.<\/p>\n<p class=\"whitespace-pre-wrap break-words\">The level of public communication from the project, responsiveness to periodic due diligence requests from Binance, and any evidence of unethical, fraudulent conduct or negligence are also evaluated.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> will delist <a href=\"https:\/\/twitter.com\/search?q=%24OMG&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OMG<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24WAVES&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WAVES<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24WNXM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WNXM<\/a>, and <a href=\"https:\/\/twitter.com\/search?q=%24XEM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XEM<\/a> on June 17, 2024.<\/p>\n<p>More details here &#10549;&#65039;<a href=\"https:\/\/t.co\/u5r7gtOjMN\">https:\/\/t.co\/u5r7gtOjMN<\/a><\/p>\n<p>&mdash; Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1797464857023066292?ref_src=twsrc%5Etfw\">June 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"whitespace-pre-wrap break-words\">New regulatory requirements and the asset&rsquo;s contribution to a healthy and sustainable crypto ecosystem are other factors that Binance takes into account when determining whether to delist a digital asset.<\/p>\n<p class=\"whitespace-pre-wrap break-words\">The specific trading pairs being removed are: OMG\/USDT, WAVES\/BTC, WAVES\/ETH, WAVES\/TRY, WAVES\/USDT, WNXM\/USDT, and XEM\/USDT.<\/p>\n<p class=\"whitespace-pre-wrap break-words\">Additionally, at 2024-06-11 03:00 (UTC), Binance Loans (Flexible and Stable Rates) and VIP Loan will close all outstanding loan positions for the aforementioned tokens as loanable and collateral tokens. Users are strongly advised to repay their outstanding loans before this date to avoid potential losses.<\/p>\n<h2 class=\"whitespace-pre-wrap break-words\">Price Movements and Potential Impact<\/h2>\n<p class=\"whitespace-pre-wrap break-words\">All of these tokens have experienced price declines today (which is expected of course), with drops ranging from 2% for WNXM to 7-10% for other tokens. As the delisting date of June 17th approaches, these prices may face further downward pressure due to reduced liquidity and trading opportunities on Binance.<\/p>\n<p class=\"whitespace-pre-wrap break-words\">While some traders might be tempted to &ldquo;buy the dip,&rdquo; these prices could potentially plunge further in the short term due to the delisting event.<\/p>\n<h2 class=\"whitespace-pre-wrap break-words\">Top Cryptos to Buy Instead<\/h2>\n<p class=\"whitespace-pre-wrap break-words\">Instead of chasing the potentially falling prices of the delisted tokens, investors might consider exploring alternative crypto projects with promising prospects.<\/p>\n<p class=\"whitespace-pre-wrap break-words\">One such project is <a href=\"https:\/\/readwrite.com\/visit\/wienerai\" rel=\"nofollow\" target=\"_blank\">WienerAI<\/a>, a new AI venture in the pre-ale stage that has already raised over $4 million. Crypto YouTube channel <a href=\"https:\/\/www.youtube.com\/@CryptonewsCom\">Crpytonews<\/a>, with 10,000 followers, posted a video highlighting WienerAI as one of the best AI projects currently available, praising its branding and marketing efforts.<\/p>\n<p><iframe title=\"THIS AI PRESALE HAS RAISED $4 MILLION!! WIENER AI HAS 100X POTENTIAL!!\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/p4WWnqjpMrQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p class=\"whitespace-pre-wrap break-words\">This project offers several key features. Firstly, it offers AI-enhanced trading capabilities, allowing users to engage the bot with questions related to crypto investments. Utilizing predictive technology, the bot analyzes market data and provides unbiased analysis and reasoning, making it a valuable tool for both novice and experienced traders alike. Secondly, WienerAI facilitates seamless swapping across decentralized exchanges with just a few clicks, all while operating with zero fees.<\/p>\n<p class=\"whitespace-pre-wrap break-words\">Another project worth considering is <a href=\"https:\/\/readwrite.com\/visit\/sealana\" rel=\"nofollow\" target=\"_blank\">Sealana<\/a>, a new Solana meme coin gearing up for launch in the coming weeks after a successful presale (over $3 million raised). Investors can still purchase SEAL tokens via the project&rsquo;s official website.<\/p>\n<h2 class=\"whitespace-pre-wrap break-words\">Conclusion<\/h2>\n<p class=\"whitespace-pre-wrap break-words\">Binance&rsquo;s decision to delist WAVES, XEM, OMG, and WNXM tokens has already impacted their prices, and further downward pressure may be expected as the delisting date approaches. While some traders might be tempted to &ldquo;buy the dip,&rdquo; it is generally advisable to avoid these cryptos for now. Instead, investors could explore alternative projects with promising prospects, such as WienerAI and Sealana.<\/p>\n<h3>Related<\/h3>\n<ul>\n<li><a href=\"https:\/\/readwrite.com\/cryptocurrency\/best-crypto-presales\/\">Hot Crypto Presales to Watch This Month<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Binance announced yesterday that it will delist all spot trading pairs for OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and&hellip; <a class=\"more-link\" href=\"https:\/\/readwrite.com\/binance-to-delist-waves-xem-omg-wnxm-buy-the-dip-or-will-crypto-prices-crash-more\/\">Continue reading <span class=\"screen-reader-text\">Binance to Delist WAVES, XEM, OMG, WNXM &#8211; Buy The Dip Or Will Crypto Prices Crash More?<\/span><\/a><\/p>\n","protected":false},"author":26612,"featured_media":305355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[58091],"tags":[],"table_tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance to Delist WAVES, XEM, OMG, WNXM - Buy The Dip Or Will Crypto Prices Crash More? 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