These tokens are going to #Delist from Binance.
1. Bakery Toke $BAKE
3. Self Chain $SLF
They will be officially delisted from Binance on September 17.
There are a few things you can do:
Short : These token prices will be plunged, most probably. You can make money by Shorting.
Buy: Because of the news, most of the traders will sell. But Delisting doesn't mean the project is completely over. You can buy those tokens in their #AllTimeLows , which means growth opportunity.
Arbitrage : Binance will allow the Tokens to withdraw until November 18, though Spot Trading pairs will be removed earlier. Other Centralized and Decentralized exchanges may continue to trade those tokens. As days move closer to Delisting date, Sell Pressure on Binance will higher, and there may be price differences between Exchanges.
You maybe able to buy low and sell high between Exchanges.
Be cautious : Crypto Trading itself involves risk, and the risk will be higher if you plan to handle tokens going to delist by the largest crypto exchange.
Before delisting a token, Binance Team considered many things, from the project teams' commitment , to trading volume and liquidity. Knowing more about the token will help a lot in your trading. So, don't forget to #dyor !
