Crypto.com revoit son listing et dit adieu à plusieurs jetons populaires

Crypto.com revamps its listing and bids farewell to several popular tokens

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Crypto.com is cleaning up its tokens and dropping a few popular coins, promising a possibly less bright future for the platform.

When token popularity isn’t everything for Crypto.com

Certainly, some parts will have to continue to prove themselves. The crypto winter has already undeniably transformed the reputation of some cryptocurrencies and mistrust has grown towards certain assets. Nevertheless, not all coins are created equal when it comes to the Crypto.com exchange.

In a statement published recently, the company announced that it was removing about ten altcoins from its list. Among them are two well-known canine coins and the Tezos token, all three of which are very popular within the crypto sphere.

In addition to the new tokens and revised pricing, the following tokens will no longer be available on Crypto Earn: SHIB, DOGE, XTZ, MKR, EOS, OMG, FLUX, KNC, ICX, COMP, BIFI, ONG, GAZ, STRAX, BNT .
The existing fixed-term allocations for these tokens will remain unchanged and will continue until the end of the term. Funds from any active flexible duration allocation for the tokens listed above will be automatically returned to users’ crypto wallet by June 28, 2022, 10:00 UTC.

Excerpt from Crypto.com press release

The paper remains focused on the platform’s reward program and its revised payout rates. Crypto.com therefore does not explain the reason for the abandonment of these altcoins, only wishing to remain informative. Each holder will nevertheless recover their tokens in good and due form, without however being able to reuse them on the exchange site.

Canine coin performance stands out in the crypto sphere

Crypto.com’s decision is causing a stir in the crypto sphere as some users don’t understand its motives. On the contrary, everything seems to be going in favor of Shiba Inu and Dogecoin, with prices holding up effectively although still unstable. Thus, many users now prefer to invest in memecoins, especially SHIB, following the collapse of Bitcoin. As for Dogecoin, it is still supported by its tireless admirer Elon Musk.

Over the past two weeks, Shiba Inu has seen its price rise by 21% and Dogecoin has also gained 23%. Nevertheless, the celebrations will have been short-lived for both memecoins. After a rise that saw its peak on June 27, SHIB and DOGE suffered a small collapse today. In all, these canine tokens are estimated to have lost 5% in a single day.

Source: Dogecoin price by CoinGecko
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Nevertheless, it is important to emphasize that the phenomenon has nothing to do with Crypto.com’s decision. Customers have yet to be hit with the coin resale frenzy, especially since the funds can still be used on other platforms.

However, the price of memecoins remains characterized by high speculation, exacerbated by the words of the bigwigs of the industry. Collapse or flash rise, everything is still possible for Dogecoin and Shiba Inu. But in the event of a major revival, Crypto.com may be forced to reverse its decision, or risk losing valuable users.

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