Voxie (Voxel), a tactical Gamefi project on the Polygon blockchain, recently announced the announcement of Delist Batch in the second Binance vote, recording an unprecedented growth of more than 700% in three days.
Today’s unexpected top earner: Binance’s second vote on Delist tokens
On Sunday, the cryptocurrency market is experiencing an unexpected surge in activity driven primarily by tokens that voted for Delist for the second time, away from the typical impact of the major projects. The opportunity for ETF entities or large institutional funds to participate does not have a large amount of participation creates opportunities for smaller projects, especially those facing potential recommendations from DF Exchanges to occupy a central position.
Specifically, Voxel With a sharp increase of 745%, leading the day’s uptrend. Following this significant benefit is NKNshowing a significant increase of 270%, and Alpacaa significant increase of 150%.
Voxel rose 745%! – Source: TradingView
“Every cloud has a glimmer of hope”
While the growth observed in these projects seems encouraging, it is also an important warning for holders. It is crucial to recognize that inclusion in Binance’s batch votes in Bact’s votes usually indicates their previous classification under the Binance Monitoring tag. These projects have become largely obsolete, showing limited community engagement, lack of clear long-term strategic direction, or being led by individuals with questionable reputations.
Therefore, these projects are extremely high risks and pose a potential threat to users’ investment.
Despite the coming of these projects, the latest price surge in the project does show that even after being placed in Binance’s “BlackList”, these assets can still show upward momentum. However, such gatherings are usually short-lived.
Historically, announced projects from Binance often experience price surges before or after exiting the exchange. This phenomenon was widely interpreted as an opportunity to make a profit before the project faded out of obscurity. Famous examples include $burger and $ren.
$ren faces hard dumps before a significant rise on November 26 – Source: TradingView
It is crucial to be cautious and avoid surrendering to FOMO in projects listed under such high-risk conditions. In such cases, investors may consider strategically determining the momentum decay of FOMO driven to initiate short positions in a permanent contract rather than buying in the revival of the expected project.
