On October 4, Binance announced adding four tokens to its “Monitoring Tag” list. The tokens are Beta Finance (BETA), BarnBridge (BOND), Waltonchain (WTC) and NEM (XEM).

These tokens will be closely monitored and could be delisted if they do not pass periodic tests.

Why Are Tokens Placed in the Monitoring Tag List?

Tokens are mainly placed in the Binance monitoring tag list because of high volatility and risk compared to other listed tokens. These tokens are monitored periodically, and if they fail to meet the listing criteria, they are delisted from the Binance platform.

Some of the criteria that are considered during the review are:

• The team’s commitment to the project
• Trading volume and liquidity
• Level of public communication
• Safety of the network from attacks 
• Whether they contribute to a healthy crypto ecosystem

BETA Approaches Yearly Lows

The BETA price broke down from an ascending support trendline on June 10. Afterward, it bounced and validated the line as resistance twice, on June 23 and July 11 (red icons). Such movements are common after a breakdown. 

The altcoin has fallen since. On Go to Source to See Full Article
Author: Valdrin Tahiri

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