Why These 3 Altcoins Are Pumping Before Binance Delisting
The post Why These 3 Altcoins Are Pumping Before Binance Delisting appeared on BitcoinEthereumNews.com. Three low-cap altcoins slated for delisting by the world’s largest exchange, Binance, experienced sharp price surges on September 10. BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF) initially plummeted following the delisting notice but rebounded dramatically today, defying expectations amid heightened volatility. Sponsored Sponsored BAKE, HIFI, and SLF Prices Rise: Here’s Why? On September 3, BeInCrypto reported on Binance’s decision to cease trading support for these tokens effective September 17. The exchange cited routine reviews and compliance requirements, explaining that these assets no longer met its listing standards. “At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it,” Binance stated. The announcement initially battered prices. BAKE fell 20.26%, SLF dropped 25.27%, and HIFI declined 7.36%. This reflected investor panic over reduced accessibility and liquidity on Binance, which remains the largest crypto exchange by volume. However, the story took an unexpected turn today. All three tokens saw synchronized price surges during early Asian market hours. Moreover, they peaked around the same time before modest corrections set in. The biggest mover of the trio, BAKE, rose from $0.036 to $0.11. This represented a 205.5% appreciation. Even after correcting to $0.10, it maintained gains of 177%. SLF followed, climbing from $0.024 to $0.050, a 108.3% rise. By press time, the altcoin had stabilized at $0.038, up by approximately 58%. Lastly, HIFI gained more modestly. The coin advanced from $0.058 to $0.094—a 62.1% increase. After pulling back, it traded at $0.080, marking a 35.4% appreciation. Sponsored Sponsored BAKE, SLF, and HIFI Price Rises Today. Source: TradingView Notably, the majority of the trading activity…
The post Why These 3 Altcoins Are Pumping Before Binance Delisting appeared on BitcoinEthereumNews.com.
Three low-cap altcoins slated for delisting by the world’s largest exchange, Binance, experienced sharp price surges on September 10. BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF) initially plummeted following the delisting notice but rebounded dramatically today, defying expectations amid heightened volatility. Sponsored Sponsored BAKE, HIFI, and SLF Prices Rise: Here’s Why? On September 3, BeInCrypto reported on Binance’s decision to cease trading support for these tokens effective September 17. The exchange cited routine reviews and compliance requirements, explaining that these assets no longer met its listing standards. “At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it,” Binance stated. The announcement initially battered prices. BAKE fell 20.26%, SLF dropped 25.27%, and HIFI declined 7.36%. This reflected investor panic over reduced accessibility and liquidity on Binance, which remains the largest crypto exchange by volume. However, the story took an unexpected turn today. All three tokens saw synchronized price surges during early Asian market hours. Moreover, they peaked around the same time before modest corrections set in. The biggest mover of the trio, BAKE, rose from $0.036 to $0.11. This represented a 205.5% appreciation. Even after correcting to $0.10, it maintained gains of 177%. SLF followed, climbing from $0.024 to $0.050, a 108.3% rise. By press time, the altcoin had stabilized at $0.038, up by approximately 58%. Lastly, HIFI gained more modestly. The coin advanced from $0.058 to $0.094—a 62.1% increase. After pulling back, it traded at $0.080, marking a 35.4% appreciation. Sponsored Sponsored BAKE, SLF, and HIFI Price Rises Today. Source: TradingView Notably, the majority of the trading activity…
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