Poloniex Coin Exchange Announces Delisting Of 9 Coins And Tokens
The parent company of cryptocurrency exchange Poloniex, Circle, announced on Thursday, August 2 that it has delisted some nine coins.
This move was done to help the team to focus on the future, with the delisted cryptocurrencies not in line with Poloniex’s framework and/or exhibit limited trading volume for an extended duration of time.
The delisted cryptocurrencies are:
- FlorinCoin (FLO);
- FoldingCoin (FLDC);
- Vcash (XVC);
- Bitcrystals (BCY);
- Nexium (NXC);
- Radium (RADS);
- BlackCoin (BLK);
- PinkCoin (PINK); and
- Riecoin (RIC)
FlorinCoin (FLO) has reacted rather positively to news of the delisting as the price of the cryptocurrency has gone up by nearly 18% since Thursday.
The coin was trading around $0.028 per coin on Thursday but has gone up to hit around $0.035 per coin. The coin has since then retraced to $0.29. You can still trade FLO on Bittrex and Trade by Trade.
FoldingCoin (FLDC) meanwhile took the news hard, with the cryptocurrency trading at $0.004 on Thursday. It started trading sideways around $0.0037 but is now recovering and currently trades at $0.0038. FLDC is currently traded on Bittrex.
Vcash (XVC) wasn’t affected much by the news as it was trading sideways for the past one week.
The coin which usually trades around $0.01 surged to $0.026 on monetarily on Wednesday before plunging back to the $0.01 level again. It has been trading around that area since then. XVC is listed on Bittrex, and Upbit.
Bitcrystals (BCY) endured some mixed reactions since the announcement on July 26. The cryptocurrency was trading around $0.14 per coin when Circle made the announcement.
It dropped to the $0.13 region following that but recovered on the last day of the month. Since then, the coin has been plummeting and is now down to the $0.10 level.
BCY is still traded on Bittrex, Zaif, and Tux Exchange.
Nexium (NXC) was on a steady decline following the announcement and reached a low of $0.28 per coin on July 31 after trading just above $0.48 a few days earlier.
The currency has started recovering and is now up 6% against BTC, trading at $0.37. You can still trade NXC on Bittrex and HitBTC.
Similar to Nexium, Radium (RADS) has been steadily declining since the announcement on July 26.
The cryptocurrency was trading at $2.39 when the announcement was made but has since dropped to $1.71. The coin is still traded on Bittrex, Upbit, LiteBit.eu, and Trade by Trade.
BlackCoin (BLK) has been declining since the announcement last week but has since recovered slightly, trading in the green against the USD and bitcoin (BTC).
The cryptocurrency was trading around $0.14 last week but has since dropped and is now trading above $0.11.
The coin is listed on several exchanges including; Cryptopia, Livecoin, Tux Exchange, Upbit, Bittrex, Bittylicious, CoinExchange, LiteBit.eu, Bleutrade, Coinegg, and others.
PinkCoin (PINK) hasn’t been affected much by the news as it experienced three peak prices over the past one week.
The cryptocurrency was trading around $0.07 when the announcement was made but experienced three price surges before plunging back to the $0.07 level again a few hours ago. It is still trading on Bittrex, Cryptopia, Trade by Trade, SouthXchange, and Cryptohub.
Riecoin (RIC) didn’t react much to the news even though its price took a hit.
The drop in the price of the cryptocurrency can be attributed to the general dip in the cryptocurrency market a few days ago as it stayed flat following the announcement by Circle.
The cryptocurrency can only be found on AEX following delisting from Poloniex (which holds 99% of its trading volume.)