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Cryptocurrency: Monero (XMR) Bleeding, Dymension (DYM) Poised To Rally After Binance Listing 

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2 years ago

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The cryptocurrency market is sending mixed messages during US business hours on Tuesday. While major players like Bitcoin (BTC), Ethereum (ETH), XRP, and Cardano (ADA) are stuck in a holding pattern, some altcoins are facing different fates.

Monero, for instance, is taking a hit after Binance, the biggest crypto exchange, announced it will delist XMR trading pairs. This move, likely due to regulatory concerns, has sent Monero’s price tumbling.

So, while some altcoins are mirroring Bitcoin’s cautionary consolidation, others like Monero are feeling the sting of bearish news.

Binance To Delist XRP: Can XMR Weather The Storm?

Prominent crypto exchange Binance has announced its intention to delist XMR, a popular privacy token on February 20. According to the communication from the company, Monero alongside Aragon (ANT), Multichain (MULTI) and Val (VAI) no longer meet listing standards.

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“When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it,” Binance said in a statement accepting the news.

Holders of these tokens have until May 20 to make withdrawals, but trading will be halted on February 20.

Monero like other privacy-oriented cryptocurrencies conceal details of transactions made on their networks. This makes it difficult for regulators and law enforcement authorities to track activities on the protocol. Crypto exchange OKX will also delist XMR and other tokens like DASH and ZCH.

The rush by investors to sell XMR triggered a massive sell-off, with the token slashing its value by 27% in 24 hours to $115. Monero price has not seen this price level since May 2022 and it appears that the freefall could continue to $100 during the US session.

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Monero (XMR) price chart Monero (XMR) price chart
Monero (XMR) price chart | Tradingview

With the Relative Strength Index (RSI) now in the oversold region, investors could be warming up to a rebound. Watching out for robust support is key to making the most out of the next leg up.

Read also: 3 Low-Cost Ethereum Alternatives To Buy For 2024 Bull Run: SOL, DOT, AVAX

Binance To List DYM: Is Dymension Poised To Rally?

As Monero bids farewell to Binance, the exchange is welcoming another token called Dymension, starting February 6 at 15:00 (UTC). The trading pairs to be supported include “BTC, USDT, FDUSD, and TRY in spot markets).”

“In preparation for the trading commencement, users can now start depositing DYM into their Binance accounts,” Binance said in a blog post. “The withdrawal feature for DYM will be available at 2024-02-07 15:00 (UTC). As highlighted by Binance, the listing fee for Dymension (DYM) has been set at 0 BNB.”

On CoinMarketCap, Dymension is up a staggering 233% to $14, although the token is lagging significantly on the decentralized exchange PancakeSwap (CAKE) at $1.54.

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BYD/USDT price chart | TradingviewBYD/USDT price chart | Tradingview
BYD/USDT price chart

As reported, the platform known for empowering RollApps is expected to launch its mainnet soon after the listing on Binance, giving investors a reason to speculate a potential rally. Besides, recent listings on Binance have had a significant impact on tokens like BONK, MANTRA, and JUP.

While past performance is not a guarantee for a massive breakout, speculating within reasonable limits could bolster investors into profit. Therefore, investors should be cautious and watch out for volatility.

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John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

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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Crypto

Financially Settled Cryptocurrency Futures Vendor Symbols | Cboe

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54 minutes ago

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January 11, 2026

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Financially Settled Cryptocurrency Futures Vendor Symbols | Cboe
Financially Settled Cryptocurrency Futures Vendor Symbols | Cboe

Financially Settled Ether (“FET”) Futures

Vendor Front Month M25 Contract
Activ Financial / Options Technology FET/*.CF FET/25M.CF
BarChart Y9*0 Y9M5
Bloomberg FET = FTEA Curncy FET = FTEA Curncy
CQG FET? FETM25
DevExperts /FETM25:XCBF /FETM25:XCBF
DTN IQ @FET @FETM25
DTN ProphetX @FET @FETM25
Factset FET.1-USA FETM25-USA, FETM25-CBF
Interactive Data / ICE F2:FET1C F2:FETM25
LiveVol N/A FETM25
Morningstar FET0Y FETM25
PICO FET/M5 June 2025 FET/M5 June 2025
Silexx N/A FET/M25
Six-Group FET FET5M or FETM5
TradeStation FETM25 FETM25
Trading Technologies FET Jun25 FET Jun25

Financially Settled Bitcoin (“FBT”) Futures

Vendor Front Month M25 Contract
Activ Financial / Options Technology FBT/*.CF FBT/25M.CF
BarChart Y7*0 Y7M5
Bloomberg FBT = FXBA Curncy FBT = FXBA Curncy
CQG FBT? FBTM25
DevExperts /FBTM25:XCBF /FBTM25:XCBF
DTN IQ @FBT @FBTM25
DTN ProphetX @FBT @FBTM25
Factset FBTC.1-USA FBTCM25-USA, FBTCM25-CBF
Interactive Data / ICE F2:FBT1C F2:FBTM25
LiveVol N/A FBTM25
Morningstar FBT0Y FBTM25
PICO FBT/M5 June 2025 FBT/M5 June 2025
Silexx N/A FBT/M25
Six-Group FBT FBT5M or FBT5M
TradeStation FBTM25 FBTM25
Trading Technologies FBT Jun25 FBT Jun25

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Crypto

XRP Stalls Despite Bullish Developments and Ripple’s Institutional Momentum

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13 hours ago

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January 11, 2026

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XRP Stalls Despite Bullish Developments and Ripple’s Institutional Momentum
XRP is consolidating near a key level as Ripple expands its regulated global finance footprint, signaling patience in price action while adoption, institutional integration, and regulatory clarity quietly strengthen the crypto asset’s long-term foundation.
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Crypto

This Popular Cryptocurrency Could Soar by 177% in 2026, According to Wall Street Analyst Tom Lee

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1 day ago

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January 10, 2026

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This Popular Cryptocurrency Could Soar by 177% in 2026, According to Wall Street Analyst Tom Lee

Key Points

  • Ethereum is the leading platform for developers who want to build decentralized software applications, which are popular in areas like gaming and finance.

  • Ether, which is Ethereum’s native cryptocurrency, set a new record high during 2025, but it ended the year in the red.

  • Wall Street analyst Tom Lee thinks Ether could soar in the early stages of 2026, and he chairs a company that owns over $13 billion worth of coins.

Cryptocurrencies had a tough year in 2025, with most popular coins and tokens suffering losses. Not even the industry leaders like Bitcoin and Ethereum(CRYPTO: ETH) were spared, ending the year down 5% and 11%, respectively.

But 2026 is here, and Wall Street analyst Tom Lee recently came out with a set of very bullish forecasts. He thinks Ether, which is the native cryptocurrency of the Ethereum network, could soar to $9,000 per coin early in the year, implying a potential upside of 177% from where it’s trading as I write this.

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Lee founded Fundstrat Global Advisors, but he’s also the chairman of BitMine Immersion Technologies(NYSEMKT: BMNR), which owns approximately $13.4 billion worth of Ethereum, so he certainly has some skin in the game. How realistic is his latest forecast?

Image source: Getty Images.

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What is Ethereum?

Ethereum is a platform where people develop decentralized software applications, which are increasingly popular in industries like gaming and financial services. These apps are governed by smart contracts, which are pieces of computer code that live on the Ethereum blockchain. They typically can’t be changed, so no person or company can manipulate the app’s core set of rules, ensuring it stays decentralized.

The Ethereum network itself is also completely decentralized. Instead of using one large data center, it’s hosted on thousands of nodes (computers) all over the world that store an updated copy of its blockchain. Therefore, the network won’t be compromised even if some nodes go down, and that’s how Ethereum has boasted 100% uptime over the last decade.

Ether is like the fuel that makes the Ethereum network function. Every time a person activates a smart contract by using an app, or even transfers a crypto token built on Ethereum, they incur a fee that is payable in Ether. Therefore, the larger the network grows, the more demand there is for Ether, and the more valuable the coin becomes (in theory).

Thousands of decentralized apps have been built on Ethereum so far. Uniswap, for instance, is a popular exchange where people can trade their cryptocurrencies for other cryptocurrencies. Pricing and execution is handled entirely by smart contracts with no intermediaries, creating a lightning-fast and cost-effective experience. Users don’t even need to create an account, because they can connect their crypto wallets directly to Uniswap and immediately start transacting.

How realistic is Lee’s target?

Tom Lee thinks decentralized apps will take over the financial industry, and as the largest platform of its kind, he’s betting Ethereum will lead the transition. The world’s largest asset manager, BlackRock, is already exploring plans to tokenize some of its exchange-traded funds (ETFs) by moving them onto the blockchain, where they can trade more efficiently compared to using traditional stock exchanges.

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That is just one example suggesting Lee could eventually be right. But the growing adoption of stablecoins — many of which are built on Ethereum — is another sign. These cryptocurrencies are designed to maintain a stable value (hence their name), and they can be sent anywhere in the world practically instantly. Therefore, they are far more efficient than traditional payment rails that often take several days to move money across borders.

According to Cathie Wood’s Ark Investment Management, over $15 trillion in payment volume was processed using stablecoins in 2024, which was more volume than both Visa and Mastercard processed.

But could all of this send Ether soaring by 177% to $9,000 per coin in the early stages of 2026? I’m not so sure. Ether climbed to a record price of $4,946 per coin in 2025, which was a win for investors, but it was the first new high in four years. Plus, the coin has already lost 32% of its peak value, so I’m not sure if it can muster enough momentum to almost triple in value in the next few months like Lee predicts.

With that said, $9,000 per coin would give Ether a market capitalization of around $1.08 trillion, so it would still be much smaller than Bitcoin, which has a market cap of $1.85 trillion. Therefore, I wouldn’t rule out Lee’s target, especially if the decentralized revolution continues to gather momentum, but I would certainly be cautious about the timing. Plus, it’s important to remember Lee chairs the BitMine Immersion Technologies company, which owns 4.1 million Ether coins, so he has a vested interest in putting forward highly bullish targets.

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Before you buy stock in Ethereum, consider this:

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Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Mastercard, and Visa. The Motley Fool recommends BlackRock. The Motley Fool has a disclosure policy.

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