Pepe Coin & These Two Crypto Risk Falling Amid Binance Delisting Announcement

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As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed countless market events that have shaped the landscape of trading. The recent announcement by Binance to delist Pepe Coin, Decred, and Horizen spot trading pairs is one such event that has caught my attention.

As a crypto investor, I’ve just learned that Binance, the world’s leading cryptocurrency exchange, is planning to discontinue trading pairs for Pepe Coin (PEPE), Decred (DCR), and Horizen (ZEN) after conducting their latest market review. The goal is to uphold superior trading standards by getting rid of pairs that have low liquidity and inadequate trading volume. This announcement has added more instability to the markets, with PEPE dropping by 10% even after a remarkable 90% increase this month. Decred and Horizen are seeing varied price actions amidst this update.

Binance to Remove Pepe Coin, Decred, and Horizen Spot Trading Pairs

Binance announced on December 11th that they will no longer support trading pairs for Pepe Coin, Decred, and Horizen in their spot market. This move is a result of Binance’s regular assessments to uphold superior trading standards and enhance the overall user experience.

On December 13, at 03:00 UTC, the trading pairs PEPE/TUSD, DCR/BTC, and ZEN/ETH will no longer be available for trading on Binance. Binance wants to clarify that these specific pairs are being discontinued, but users can still access their tokens via other active trading pairs in the spot market.

As a researcher, I’d like to bring your attention to an important update regarding our Spot Trading Bots. We will be discontinuing services for certain trading pairs simultaneously. To prevent any potential losses, we strongly recommend that you either update or cancel your current bots on the platform. This decision highlights our dedication to continuously improving our platform and eliminating underperforming trading pairs, thereby safeguarding our users and maintaining market efficiency.

Binance Loans Adds Movement (MOVE) as Loanable Asset

In an independent progression, Binance has broadened its loan options by incorporating Movement (MOVE) as a fresh asset that can be used as collateral for loans on both the standard Binance Loans (Flexible Rate) and VIP Loan schemes. Now, users have the opportunity to borrow funds using MOVE tokens, offering them the convenience of open-ended loan arrangements.

As a crypto investor, I appreciate the convenience of loans that let me use my digital assets as collateral without being tied down by a specific loan term, providing me with more financial flexibility. Not only do these loans offer me this freedom, but they also give me the opportunity to earn attractive APR rewards in real-time through Simple Earn Flexible Products.

In the meantime, VIP Loan focuses on providing financial solutions to institutional investors and wealthy individuals. They offer secured loans that have favorable conditions and customized services. These loans can be used for purposes like securing funds for long-term investment opportunities or implementing strategic trading techniques with increased leverage.

Updating your Binance app to the newest version is recommended by this leading cryptocurrency exchange, ensuring a smooth experience when using their services. This action aligns with their ongoing initiative to improve their financial service offerings, responding to the changing requirements of their diverse user community.

Market Performance of Pepe, Decred, and Horizen

Today, the PEPE Coin’s price is at $0.00002327, marking a 10% decrease over the past day. However, even with today’s dip, it has still managed to surge by 90% this month, indicating strong market growth and momentum.

Currently, DCR was being exchanged at approximately $19.93. Over the last 24 hours, its lowest point was $18.51 and its highest was $21.26, representing a 3% drop in a day’s time. But, there’s a positive outlook as it has surged by 46% this month, indicating an upward or bullish trend.

Furthermore, ZEN was being traded at $14.33, experiencing a 4% increase in the previous 24 hours and a significant jump of 57% over the course of the month. The addition of Binance as an exchange platform and related announcements have been known to generate momentum, as evidenced by the dramatic 136% rise in KOMA‘s price.

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2024-12-11 14:19