Binance Launches Community Vote to Delist 21 Altcoins
Mar 21, 2025, 9:14 p.m.
3 sources
neutral
JASMY
ELF
SNT
STPT
BAL
ARK
GPS
MBL
PROS
CTCX
HARD
BADGER
CREAM
FIRO
VIDT
NULS
TROY
ALPACA
UFT
Binance, the world’s largest cryptocurrency exchange, has announced a new, community-driven ‘Vote to Delist’ initiative. This poll allows users to vote on which altcoins, among a set of 21 listed with Watch Tags, they believe should be removed from the platform. The coins included in this vote are JASMY, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, PROS, CTCX, HARD, BADGER, CREAM, FIRO, VIDT, NULS, TROY, ALPACA, and UFT. Binance clarified that the voting results will be only one of multiple criteria employed in the final delisting decision, which will follow the exchange’s official review processes and standards. This move is designed to give the community greater influence over the currency listings and to streamline the removal of projects that might not meet evolving quality or compliance benchmarks. It is important to note that this announcement is not investment advice and serves merely as a new governance mechanism for the platform.
JASMY
For JASMY, the introduction of a community vote on delisting introduces short-term uncertainty. Historical data from similar exchange community polls suggests an immediate downward pressure, estimated at around 5-8%, if negative sentiment dominates. However, coins with solid fundamentals could stabilize over the long term. Quantitative signals like liquidity and trading volume will be crucial, leading to a provisional impact rating of 3/10 in the short term and 6/10 for long-term recovery if support remains.
ZEC may experience an initial dip due to heightened uncertainty from the delisting vote, with early technical indicators forecasting potential short-term corrections near 5-8%. Given its established user base and trading volume, ZEC might see rapid recovery if fundamentals hold strong, positioning it with a short-term risk rating of 3/10 and a more balanced long-term outlook of 6/10.
FTT, due to its past association with high-profile exchange events, might be particularly sensitive to negative community sentiment. This news could trigger immediate selling pressure, potentially leading to a short-term pullback in the range of 7-10%. Nonetheless, if institutional support and trading volume persist, FTT’s long-term outlook could stabilize, scoring a 2/10 for immediate risk but a 6/10 for longer-term prospects.
ELF
For ELF, the delisting vote introduces ambiguity which may cause an initial price dip of 5-8% as traders react to uncertainty. Historical trends on similar coins suggest that while short-term volatility is likely (short-term impact rating 3/10), if the coin’s inherent project value is maintained, long-term stabilization is plausible (rating 6/10).
SNT
SNT could face short-term bearish pressure if community sentiment shifts against it, potentially experiencing a 5-8% price correction. Quantitative signals such as order book depth and trading volume will be critical to monitor. The short-term risk is moderate (around 3/10), with a possibility for recovery over the long term if fundamentals remain attractive (roughly 6/10).
STPT
STPT might see immediate price fluctuations as market participants digest the implications of a community-led delisting vote. Similar past events hint at short-term price depressions in the vicinity of 5-8%, with long-term outcomes hinging on underlying project performance and investor confidence, placing short-term risk at about 3/10 and long-term recovery potential at 6/10.
BAL
BAL is expected to experience some short-term volatility due to the increased uncertainty from the delisting vote. Historical evidence suggests an immediate drop of roughly 5-8% is possible. Nevertheless, if liquidity remains robust and the project fundamentals strong, the coin could recover over time, with an estimated short-term impact rating of 3/10 and long-term stability around 6/10.
ARK
ARK may register a short-term price decline of 5-8% as the market reacts to the new delisting mechanism. The news introduces a layer of uncertainty that might depress investor sentiment temporarily. However, if ARK’s project fundamentals are solid, technical indicators could signal a rebound over the longer term, with a short-term risk level of 3/10 and long-term outlook rating at 6/10.
GPS
For GPS, the community vote brings potential for immediate price volatility. Technical analysis from analogous events indicates a potential short-term dip in the range of 5-8%. Long-term price resilience will likely depend on sustained trading volume and positive project developments, meriting an immediate risk score of around 3/10 and a long-term stabilization rating of 6/10.
MBL
MBL could be subject to short-term downward pressure given the uncertainty introduced by Binance’s community voting system. Previous similar scenarios have resulted in temporary decreases of about 5-8%. The coin’s long-term prospects will depend largely on its fundamentals and market liquidity, suggesting a short-term impact rating of 3/10 and a potential rebound rated at 6/10.
PROS
PROS may face an initial price correction as the market digests the new delisting vote process. Technical trends from comparable events show a short-term decline possibility of 5-8%. With adequate trading volume and project resilience, long-term recovery is plausible, yielding a short-term risk estimate of 3/10 and a long-term outlook rating of 6/10.
CTCX
CTCX could experience early selling pressure as the delisting vote creates uncertainty among investors. Historical data from similar events suggests that coins in such scenarios may drop by an estimated 5-8% in the short term. However, if underlying fundamentals and market support remain intact, a stabilization over time is likely (short-term risk 3/10; long-term outlook 6/10).
HARD
For HARD, the community-driven vote introduces the possibility of short-term volatility, likely resulting in an estimated 5-8% price dip if market sentiment turns negative quickly. Long-term effects will depend on the coin’s ability to maintain its utility and market support, with an immediate risk level of roughly 3/10 and a long-term recovery rating of 6/10.
BADGER
BADGER, already known for its sensitive market positioning, may react sharply to the delisting vote, with short-term corrections in the 5-8% range. The coin’s resilience will depend on trading volume and community backing. Quantitative indicators suggest a conservative short-term risk rating of 3/10 while maintaining a potential for recovery in the longer term (around 6/10) if fundamentals are strong.
CREAM
CREAM is likely to face an immediate market reaction as the voting mechanism creates uncertainty among investors. Historical analogues suggest a possible short-term price decline of about 5-8%. However, if CREAM continues to show robust trading activity and strong underlying fundamentals, long-term stabilization is feasible, with a short-term impact approximation of 3/10 and a long-term rating of 6/10.
FIRO
FIRO could undergo short-term volatility due to the new delisting vote, potentially seeing a price drop in the range of 5-8% as market participants react. The coin’s recovery will be largely dependent on its liquidity and buyer interest, suggesting an immediate risk rating of approximately 3/10 and a long-term recovery potential at 6/10.
VIDT
VIDT might encounter short-term selling pressure as uncertainty mounts from the community delisting vote. Based on past similar events, an initial decline of about 5-8% is plausible. Long-term outlook remains cautiously optimistic if trading volumes stay healthy, leading to a short-term risk score of 3/10 and a long-term stabilization possibility of 6/10.
NULS
NULS could see an immediate price dip as the market reacts to the community-led delisting process, with potential drops estimated between 5-8%. Should the coin prove resilient with strong fundamentals and healthy market participation, technical indicators suggest long-term stabilization, rating immediate risk at 3/10 and long-term potential at 6/10.
TROY
For TROY, investor sentiment might turn cautious in the wake of the delisting vote, anticipating a potential short-term dip in the vicinity of 5-8%. Quantitative measures such as order flow and historical price reactions indicate immediate downside risk (3/10), countered by prospects for long-term recovery should the coin retain strong trading support (6/10).
ALPACA
ALPACA may experience short-term volatility triggered by the uncertainty of the delisting vote. Evidence from similar scenarios points to an initial decline of 5-8%. Long-term price dynamics will hinge on the coin’s fundamental value and liquidity, resulting in a provisional short-term risk rating of 3/10 and a potential long-term outlook of 6/10.
UFT
UFT is likely to be impacted by the newly introduced delisting vote, with short-term market reactions potentially pushing its price down by 5-8% if negative sentiment prevails. Historical trends and quantitative data indicate an immediate risk level around 3/10, while long-term stabilization remains possible, provided the coin continues to attract trading interest (rating 6/10).
Sources
Binance announces ‘Vote to Delist’ as it drops five altcoins
crypto.news
21.03.2025 10:05
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Binance Now Asks Its Users Which Altcoins to Delist! 21 Altcoins Determined!
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