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Blessing or Curse for the Crypto Market?

Crypto market participants, traders, and investors are increasingly divided over the consequences of mass token listings on centralized exchanges (CEXs).
As the discourse intensifies on token listings on CEXs, some industry figures warn of deteriorating listing standards. Meanwhile, others argue that an open listing approach will ultimately benefit the market.
Analysts Challenge Mass Listings on CEXs
Benjamin Cowen, a crypto analyst and founder of Cryptoverse, shared his concerns regarding the declining quality of tokens listed on major exchanges. He criticized exchanges for promoting long-term investing while listing low-quality “shitcoins,” highlighting their hypocrisy in the crypto market.
“Some crypto exchanges are listing shittier and shittier coins. They’ll tell you to focus on fundamentals and long-term investing one day, and then list the most useless garbage no one has even heard of the next,” he stated.
Another analyst, Colin Talks Crypto, further argued that the primary motivation behind these listings is to profit from transaction fees rather than the quality of the projects. Other voices in the debate suggested that exchanges focus on listing tokens when trending and remove them when interest fades.
“They want volume and fees and list when it’s hit and delist when it gets cold. CEXs this cycle have been showing us why DEXs are the future,” an X user remarked.
Indeed, this aligns with the hallmark of Binance Exchange’s delisting guideline. As BeInCrypto reported, the trading platform commits to reviewing the performance of its listed trading pairs. It removes tokens and trading pairs not meeting liquidity and volume thresholds.
Recent listings on Binance, including meme coins from the BNB Chain, such as JELLY, have fueled these criticisms. Against this backdrop, crypto influencer Leonidas expressed frustration with Binance.
“Your listing team just spot-listed four low-cap insider-controlled meme coins that nobody has ever heard of… I’ve watched for the past year as you guys have listed $10m-$20m garbage meme coins over and over while ignoring the largest market cap memecoins with real communities,” the analyst lamented.
Others also speculated that centralized exchanges might engage in pre-listing accumulation before selling to retail investors.
The Case for Mass Listings on Centralized Exchanges
Despite these criticisms, some experts argue that mass listings could benefit the market in the long run. Jason Chen believes that accelerating token listings will desensitize the market. In his opinion, this would remove the speculative hype around new listings and foster a more competitive trading environment.
“There will no longer be a listing effect, no more premium, and everything will return to a free game state,” Chen explained.
Changpeng Zhao (CZ), Binance’s founder, agreed with this perspective, noting that listing a coin should not affect the price. While listing provides liquidity, allowing for freer entry and exit, it may influence the price in the short term.
However, according to CZ, this should be very short-term. In the long run, prices should be determined by the project’s development. This also aligns with Binance’s listing and delisting criteria, which analyze elements such as the team’s commitment to the project, the level and quality of development activity, and the network and smart contract stability.
“The DEX model is very good. All coins are listed and people can choose for themselves,” CZ added.
Crypto trader Paul Wei also supported this argument but cautioned against oversimplifying the relationship between listings and long-term valuations. He also challenged CZ’s view that coin listings on CEXs like Binance do not influence long-term prices, arguing that listings affect a project’s “development” by enabling freer trading, which shapes price trends.
Meanwhile, recent controversies, such as the Hyperliquid JELLY token incident, highlight the growing divide between CEXs and decentralized exchanges (DEXs). BeInCrypto reported allegations of market manipulation. This has fueled skepticism over centralized exchanges’ practices, hence the CEX vs. DEX crypto debate.
Critics argue that such cases demonstrate the advantages of DEXs, where token listings are unrestricted, and market forces dictate valuations without centralized intervention.
Amidst this ongoing debate, CZ articulated that Coinbase’s recent decision to list BNB perpetual futures was purely on merit. It is also worth noting that Binance recently resolved to include users in its listing and delisting actions, fostering democracy.
The exchange also adopted a secondary listing mechanism. Instead of exclusively listing new tokens on its centralized exchange, it will leverage Binance Wallet to facilitate token launches on decentralized platforms.
Disclaimer
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Altcoin
Binance Traders Go Big On Dogecoin—Majority Holding Long Positions


Dogecoin investors have high faith in the future of the meme currency despite its recent price fall, market data showed, Tuesday.
Dogecoin fell to $0.153 as of April 16 after its price reached a high of $0.168 on April 13, down by 3% in the last 24 hours. This is after the recent price hike following US President Trump’s tariff halt declaration on certain countries on April 10.
Long Positions Dominate Market Activity
The mood among traders on Binance is firmly bullish for the future prospects of Dogecoin. Data from Coinglass show that over 74% of trading accounts have long positions in the cryptocurrency, while only 25% going short. This places the long-to-short account ratio at 2.90, proving widespread optimism among traders.
Long positions increased quickly on April 12, which shows that investors expect Dogecoin to bounce back from its present correction period. They are willing to pay premiums to maintain their positions, as evidenced by positive OI-weighted funding rate signals that have remained above zero since April 7.
Long|Short DOGE by accounts. Source: Coinglass
Holder Patterns Indicate Diversified Strategies
IntoTheBlock statistics reveal substantial shifts in the manner by which people are holding Dogecoin. Investors holding DOGE for over a year increased by marginally 0.13%. These types of “hodlers” as they are called within cryptocurrency forums constitute a solid support base for the currency.
Source: IntoTheBlock
In the meantime, mid-term holders (holders of DOGE for one to 12 months) decreased by 2.50%. Short-term traders experienced the largest increase, with addresses holding for less than 30 days rising by 109%. This new trader surge reflects increasing demand for quick profit from Dogecoin price action.
Technical Analysis Points To Future Price Directions
One TradingView account, FuaCompany, has plotted Dogecoin’s movement in what analysts call a rising channel. On the basis of this trend, two general scenarios for Dogecoin’s future price are on offer.
The first scenario shows Dogecoin rebounding from the lower edge of this channel and continuing to trend upwards. This would comply with what occurred before when the price rebounded back from $0.05 to higher levels.
The second scenario entails a temporary drop below the bottom line of the channel, plunging to around $0.08 before surging higher, both scenarios ultimately carrying long term bullish signals, with some projections estimating Dogecoin to even reach $0.70.
Weekly Performance Still Positive Despite Slump
Despite the recent slump, Dogecoin is still positive overall on the week. In fact, the cryptocurrency has shown quite a hefty rise-on-week for about 7.40% during the past week in spite of that dip.
DOGE price up in the last week. Source: CoinMarketCap
The price started off in early April with an initial volatility before strengthening with the Presidential Tariff declaration by Trump. Following the monthly peak on April 13, reaching 0.168, Dogecoin encountered what traders know to be a consolidation phase, where prices continue to trend sideways while forming in preparation for another move.
According to market observers, this pattern of gains and then consolidation is typical in cryptocurrency markets. The strong level of long positions shows most traders view the current price drop as just a temporary hiccup and not the start of a larger bearish trend.
Featured image from CoinFlip, chart from TradingView

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XRP Leads Crypto Shopping List For Latin America Ahead Of ETH, SOL—Report


New statistics released by crypto platform Bitso shows that XRP, as a payment option, is gaining traction with Latin American consumers. XRP currently accounts for 9% of all purchases on the platform and is gaining on much older crypto options like Ethereum and Solana. This marks a huge turnaround from 2023 when the token barely registered in an average customer portfolio in Latin America.
Mexican Users Drive XRP Adoption Throughout The Region
Interest in XRP among the Latin American nations was propelled by Mexican cryptocurrency traders. In Bitso’s report, Mexican users applied 10% of all cryptocurrency buying activity towards stocking up on XRP. This pattern occurred as total platform activity slowed, but XRP buying increased significantly against other cryptocurrencies.
Mexican popularity of XRP is noteworthy because Bitso processed substantial volumes of cross-border payments there. According to their reported volumes, Ripple processed $3.3 billion in remittances through their channel with Bitso in 2022 from the United States into Mexico.
Source: Bitso
Portfolio Composition Reflects Drastic Spike In XRP Holdings
In such a context, the report by Bitso brings out the most impressive discovery: the pace with which XRP came to the portfolios of Latin American cryptos. As of 2023, XRP was non-existent in the typical portfolio composition of Latin American Bitso clients. In 2024, that number had risen to 13%, reflecting a seismic change in local investment patterns.
Source: Bitso
This rapid adoption means portfolios of users in the region now include a significant XRP component, despite the token not registering in portfolio stats just a year earlier. The change signals growing confidence in XRP among Latin American cryptocurrency investors.
Bitcoin And Stablecoins Still Dominate Trading Activity
Though XRP demonstrated impressive growth, Bitcoin and stablecoins are still the leading options among Latin American crypto users. Based on the Bitso report, Bitcoin represented 22% of the total purchases on the platform in 2024, a decrease from nearly 30% during the first half of the year.
Stablecoins led all cryptocurrency categories with almost 40% of purchases attributed to these dollar-pegged cryptocurrencies. Stablecoin appeal is probably due to their application as a local currency inflation hedge and entry point for other crypto investments.
Political Changes And Price Performance Drive Interest
XRP’s 230% price appreciation in 2024 – its best since 2021 – also likely helped to make it so popular. The majority of the rally, as per the report, occurred in the fourth quarter of the year.
The hope for XRP seems linked to US political events. The report indicates Donald Trump’s presidential win and SEC Chair Gary Gensler’s resignation spurred new interest in XRP. These triggered expectations of possible regulatory clarity that could favor XRP and its parent company Ripple, which has faced legal battles with US regulators.
Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Altcoin
What’s Up With BTC, XRP, ETH?

Crypto Market Highlights: Another week has ended within the unpredictable world of cryptocurrencies, and investors are left cautious due to turbulent price actions. Bitcoin (BTC) price has traded around the same level in the past 7 days, whereas Ethereum (ETH) managed to lose nearly 1% within the exact duration. Ripple’s XRP price continued its consolidation phase this week, adding to speculations about its future price movements.
Mentioned below are some of the most buzz-worthy cryptocurrency market highlights reported by CoinGape Media over the past week.
Crypto Market Highlights: BTC Updates This Week
BTC price shut the week at around the $85K level, riding a roller coaster in the past seven days. The weekly bottom and peak for the flagship crypto were recorded at $83K and $86K, respectively. This turbulent price action comes despite a stockpile of bullish developments that appear to have considerably impacted investor sentiment this week.
CoinGape reported that Michael Saylor’s MicroStrategy again purchased 3,459 Bitcoin for $285 million and rattled the crypto market. The MSTR stock price also surged subsequently.
Further, Semler Scientific filed to buy $500 million worth of Bitcoin amid its $30 million DoJ settlement this week. With this mover, the firm aimed to boost its Bitcoin reserves despite the broader market uncertainty.
Meanwhile, it’s worth pointing out that U.S. President Donald Trump announced up to 245% tariffs on China this week. On the other hand, China was apparently mulling over the sale of 15K BTC, another intriguing development that captured investors’ attention globally.
Besides, BTC whales were recorded as absorbing 300% of the flagship coin’s new supply, sparking optimistic speculations about long-term price prospects.
Ethereum & XRP Developments
ETH is trading around a $1,600 price level, losing roughly 3% in the last 7 days. Despite this waning action, CoinGape has reported that a rally to $4,800 awaits the second-largest crypto by market cap. This bullish ETH price projection comes as the coin is trading on the north side of a key resistance trend.
However, it’s also worth pointing out that Ethereum faced increased selling pressure due to heightened whale dumps this week. In response to this, market participants are conversely anticipating a potential dip below $1.5 may also be possible.
Besides, Ethereum ETFs recorded $32 million worth of weekly outflows this week, adding further risk to the asset’s price.
In addition, Ethereum fees have also witnessed a severe price decline as user activity decreased amid the recent market turmoil.
XRP price stood at the $2.08 price level after witnessing a highly volatile trading session over the past week. Despite soaring ETF odds, the crypto has yet to see a rising price action. Notably, 9 XRP ETFs have been filed to date, including Bitwise, 21Shares, Grayscale, and Canary Capital.
On the other hand, Ripple whales have also moved hundreds of millions of dollars worth funds this week.
The XRP lawsuit advanced as the U.S Court of Appeals granted Ripple and the SEC’s motion to suspend their appeals while they finalized the settlement. Overall, the abovementioned updates were some of the top crypto market highlights reported by CoinGape Media over the past week.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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