**Binance’s Delisting Sends Altcoin Prices Plummeting**
Binance’s recent decision to remove 14 altcoins from its platform has led to significant price drops, with CREAM and BETA both plunging nearly 60%. This move comes after a community vote involving over 24,000 participants. Only users holding at least 0.01 BNB were eligible to vote. The delisted altcoins will no longer display valuations in user accounts after April 16, and deposits will not be credited after that date. Withdrawals will cease after June 9.
The affected altcoins include Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream (CREAM), Cortex (CTXC), aelf (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), Unilend Finance (UFT), and VIDT DAO (VIDT). Users can convert these assets into stablecoins before June 10, although this is not guaranteed. The lack of Binance’s support has severely impacted the liquidity and reputation of these cryptocurrencies.
**The Positive Side: Binance Boosts MEW**
Conversely, Binance’s support can significantly increase a coin’s value. This was evident when the meme coin Cat in a Dogs World (MEW) saw a 15% price increase after being added to Binance Alpha, a platform for promising crypto projects. However, these gains were short-lived as the price experienced a decline in the following days.
