Controversy Looms On Twitter Following DigiByte Delist Announcement On Poloneix: A Revenge For Tron?

Controversy Looms On Twitter Following DigiByte Delist Announcement On Poloneix: A Revenge For Tron?

Trading cryptocurrency, especially Bitcoin could be highly volatile as market sentiments, price actions and fundamentals would be important things to consider before making a trading decision. More so, doing diligent research on a choice of a coin to trade is very vital for both the beginner and professional traders to achieve high probability result in their trading carrier.

Following a recent tweet by Jared Tate, the founder of DigiByte (DGB) sharing an opinion on how some blockchain experts have been making waves in the crypto space; where he mentioned: “Poloniex has turned in a $TRX shill factory”.

Could this have caused the whole delisting scenario by Poloniex?

Tate’s tweet has caused a lot of controversy on the social media, making the US-based cryptocurrency exchange, Poloneix to announce delisting of DigiByte on its exchange as a result of not meeting the listing standard. Meanwhile, this announcement was made shortly after the Digibyte founder shared a twit on social media.

According to Poloneix announcement on twitter, a recent review shows that DigiByte is no longer qualified to be on the trading platform based on a listing standard.

As a result of this announcement, most especially having a negative impact on the cryptocurrency, this could be the major cause of the latest price reductions in the DigiByte (DGB) market. Over the last 24-hours of trading, DGB has seen an overall loss of about -6% across its trading pairs. In fact, DigiByte is currently trading at around $0.0063 ~ 0.00000087 BTC.

However, this scenario looks more of revenge than a criticism. While some followers believed that Poloneix act is arbitrary and capricious conduct, others have viewed the act as an opportunity to accumulate more DigiByte into their portfolios.

In a related action, some crypto exchanges like BitxmiExchange has recently delisted DigiByte on its trading platform, following Poloneix reactions. Though Bittrex, VVC, KuCoin, Huobi, OKEx, HitBTC Exchanges are still respecting the so-called shitcoin, DigiByte at the moment.

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Author : Michael Fasogbon

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Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.