Major Crypto Exchange Begins Altcoin Purge; What It Means for Altseason

Investors have long been awaiting another 2017-esque bull run that shakes up the standing of the top cryptocurrencies and possibly leads some smaller altcoins to see meteoric gains that propel them up to the top of the markets.

This rally has not happened, however, and as the crypto markets face a prolonged bear market many of these altcoins have dropped virtually to zero, leading them to be delisted from exchanges.

Poloniex Delists Multiple Altcoins as Smaller Cryptos Begin Dying Out

Poloniex recently announced that they would be delisting a handful of cryptocurrencies from their platform, including DigiByte, Factom, MaidSafeCoin, Omni, Primecoin, Vertcoin, and Viacoin.

Of the aforementioned tokens, DigiByte is the largest, with a $75 million market cap that makes it the 55th largest cryptocurrency. Omni is another notable cryptocurrency, as it was the very first Initial Coin Offering (ICO) and was the blockchain that spawned Tether (USDT).

As for why the crypto exchange is delisting…