Hi guys i read on the news that major few exchanges are delisting some altcoins that falls to keep up due to present bear market, for example poloniex exchange is delisting Omni and primecoin and others, what do you have to share about this?
Some are saying its good to invest in old coins now few old coins are dying, I believe they've met the end of their roadmap, no more excitement about them, this is why i still feels that newer coins will take the bigger advantage of future greenish market, what do you think?
Old altcoins are being removed from exchanges because after a long time of operation, these altcoins have become a failure. There are no real products and failed to complete their roadmap. Also the price of tokens has fallen hundreds of times compared to 2017. In 2020 I believe that hundreds of old altcoins will die or even more than that.
Omni is not a failure. It was funded recently for bitcoin layer, this is an app on top of BTC. Remember when Justin announced they are removing DGB, wel its not yet removed. It wouldn't be surprising if the said coins are still going to be listed and these announcements aren't true. This is to impress people in crypto that polo isn't crawling for help, but it really is begging for people to trade there.
Justin should realize the he doesn't own a big exchange as Binance who can dictate which coins to support or not.