Monero (XMR) Delisted from Binance: Impact on Price
Binance recently announced that it will be delisting Monero (XMR), along with other cryptocurrencies like Aragon (ANT), Multichain (MULTI), and Vai (VAI), effective February 20th. The decision was made based on factors such as unethical conduct, regulatory requirements, and network stability. Following the announcement, the price of Monero experienced a significant decline, dropping from around $165.67 to a low of $102.05. Since then, the price has stabilized at around $121. Binance has also warned users to withdraw their tokens before the delisting date or risk having them converted into stablecoins.
Crypto SLM: Price Comparison with XRM and Osmosis
SLM tokens are available for trading on various cryptocurrency platforms, with Gate.io being the most active for Salmon (SLM). The trading volume for SLM/USDT pair on Gate.io in the last 24 hours was $24,243.76, indicating a decrease in market activity compared to the previous day. The current price of Salmon is significantly lower than its all-time high of $1,137.18. However, it has recorded a price increase of 63.90% in the last seven days, outperforming the overall cryptocurrency market.
Osmosis Analysis: Market Trend and Trading Outlook
Osmosis (OSMO) has a maximum supply of 1 billion OSMO, with approximately 492,590,761 OSMO currently in circulation. The token experienced a period of value loss until November 2023 when it started showing significant growth, reaching $2 from $0.2225 in just two months. The upper Bollinger Band suggests a bullish trend, but also the possibility of price corrections and increased market volatility. OSMO broke out of a descending wedge pattern in November 2023 and has been steadily gaining value since then.
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