, Bluzelle (BLZ), and Kaon (AKRO).){kind=link}
Crypto exchange Binance has decided to delist three tokens on December 18th. According to the official announcement, Binance made the decision to delist and stop trading on all spot trading pairs for WazirX (WRX), Bluzelle (BLZ), and Kaon (AKRO).
The news resulted in a sharp decline for each of these tokens, which made them fall as follows: $ARKO nearly 34%, $BLZ nearly 22% and $WRX nearly 40%.
Why is Binance Delisting the Tokens?
Binance strictly conducts regular reviews of every digital asset they list to make sure it still satisfies strict industry standards. The platform evaluates coins and tokens more thoroughly and may delist them when they no longer satisfy these requirements or when the market conditions change.
For the three tokens, Binance gave a number of reasons for the delisting. The platform regularly evaluates listed assets to make sure they live up to high standards, taking into account things like trading volume, network stability, development activity, and regulatory compliance.
Following a careful analysis, it was determined that WRX, AKRO, and BLZ did not meet these requirements. This ruling demonstrates Binance’s dedication to user protection and upholding a robust cryptocurrency ecosystem.
The platform stated, “Our top goal is to give our users the greatest services and protections possible while keeping up with changing market conditions.”
WRX, AKRO, and BLZ What Do Technical Indicators Say?
With the fall in the prices after the delisting, all the three tokens have seen a huge slump even in the market indicators.
At present, the Fear & Greed Index for Kaon is currently at 81 (Extreme Greed), and the sentiment is bearish. Over the past 30 days, Kaon has had 15 out of 30 (50%) green days and 12.25% price volatility. With eight technical analysis indicators indicating bullish signals and twenty-four indicating bearish signals, the overall sentiment regarding Kaon price prediction is bearish.
Singing the same tone, the Fear & Greed Index for $BLZ is currently at 81 (Extreme Greed), and the sentiment is bearish. Over the previous 30 days, Bluzelle saw price volatility of 15.47% and 17/30 (57%) green days. With four technical analysis indicators indicating bullish signals and twenty-five indicating bearish signals, the overall sentiment regarding Bluzelle price prediction is also bearish.
Finally, the current sentiment for WazirX token is also bearish and the Fear & Greed Index is at 81 (Extreme Greed). WazirX had 22.03% price volatility over the previous 30 days and 22/30 (73%) green days. With nine technical analysis indicators indicating bullish signals and twenty-one indicating bearish signals, the overall sentiment regarding WazirX price prediction is bearish.