Do not sleep on DEx Exchange tokens - page 2.

kaseygriffin

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Quote from: btc_angela on March 23, 2023, 06:30:17 AM

Quote from: kaseygriffin on March 23, 2023, 05:06:57 AM

~

And if I'm not mistaken, DEX has been in the market for so long already, nothing against them, but it seems that they are still very far away from their counterpart as far as gaining audience or consensus in the market.

With that, as much as what layer or token they released in the public, there could be investors who are still in the fence. Yes, we all know that it's better to trade on DEX as we have total control, but still though it's the question of liquidity and other limiting factors for traders, just saying.

I don't want to use the word HYPE, but actually I feel that when a trend breaks out, people talk about it too much and try to fud the competition.
But perhaps the familiar behavior from users entering the market has formed the occasional habit with DEXs, although admittedly some DEXs perform quite well in the market.
But it is speculated that when the market goes up, people will talk about decentralization again, and then the dex environment will be celebrated again.

o48o

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I am not hodling any but i have noticed that when ever big centralized exchange gets into trouble, like gets hacked or it's stalling withdrawals etc, it's a good time to buy DEX coins immediately.

Because right after they get a lot of visibility when all dex maximalists out there start to tweet at the same time. It might take some time for them to pump but they will, almost always. So next time if i get in early i am buying them with 10x or more leverage.

lalabotax

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Quote from: Kalchef on March 21, 2023, 06:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

DEX tookens does sometimes provide quite high surprises. First, it used to be popular, really made a lot of people feel happy because they got a lot of profits. From very low prices and jumping to very high prices. And some of them still exist today.

And I think maybe DEX tokens are still valuable. Can try this. Even though the risk is still high because we won't know which DEX will really last until it's bullish and goes up high.

D ltr

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there are a lot of DEX tokens at the moment, from what you mentioned sorry I'm not interested in owning the tokens for a long time usually I buy their tokens only for shipping/transaction fees to make it cheap, not for investasi

jossiel

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Quote from: yazher on March 23, 2023, 10:05:08 AM

Quote from: jossiel on March 22, 2023, 02:57:54 PM

I don't trade on DEXES that I am not aware and mostly, they're not popular. Although it's a good investment for those that knows the liquidity and volume of them considered to be quite high.

Those exchanges were famous about 4 years ago and they are really not user-friendly when it comes to their platform only a few of them have updated their sites because the competition with centralized exchanges nowadays is giving them hard time and traders will always choose to have easy access and user-friendly exchanges rather than using that dex which is not really recommended for newbies. But today lots of things happened with the exchanges and lots of people now recommend using Dex exchanges because of what happened with FTX last time.

That's right.

Because of what happened to FTX and other centralized platforms, it's recommended to go with decentralized exchanges. But that doesn't mean that they're all completely safe with it because nobody knows.

As a trader or an investor, we have to be informed on what's happening in the market together with those exchanges whether they're centralized or decentralized.

And it's not just all about their service but also their tokenomics.

Pterosaur

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Quote from: Pelana vreo on March 23, 2023, 11:35:16 AM

I bought Biswap, the Dex exchange which rewards with a referral system and low gas fees, just like when you swap, you will get a BSW token reward.

But this is not investment advice

I know and have used biswap before, but I don't get BSW in return or they just started this idea? Biswap is doing fine but it's very quiet since a long time now, I don't bother to look at price movement since 2021 because I am not a holder, I think DODO is a better option than Biswap, but I am not telling you to give up on biswap, anything can still happen.

Pelana vreo

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I bought Biswap, the Dex exchange which rewards with a referral system and low gas fees, just like when you swap, you will get a BSW token reward.

But this is not investment advice

yazher

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Quote from: jossiel on March 22, 2023, 02:57:54 PM

I don't trade on DEXES that I am not aware and mostly, they're not popular. Although it's a good investment for those that knows the liquidity and volume of them considered to be quite high.

Those exchanges were famous about 4 years ago and they are really not user-friendly when it comes to their platform only a few of them have updated their sites because the competition with centralized exchanges nowadays is giving them hard time and traders will always choose to have easy access and user-friendly exchanges rather than using that dex which is not really recommended for newbies. But today lots of things happened with the exchanges and lots of people now recommend using Dex exchanges because of what happened with FTX last time.

SyndicateLabs

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I don't think it's too complicated to find opportunities with dex tokens, for me some tokens are really valuable to me like UNI, CRV, 1INCH, Sushi,... all DEXs that I trust. I wouldn't be too surprised if in the next bull cycle these tokens continue to capture the interest of those who want to return to defi research.
There are also some new dexs but I don't really think they are competitive enough in the current market.

MAAManda

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Quote from: Kalchef on March 21, 2023, 06:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

Thanks for the information, mate. Right now I'm looking for potential DEX tokens aside from the BTC accumulation that I'm doing for the bull run during the halving later. I personally still looking for a potential DEX token, so I have nothing on my radar.

BTW, from the list you provided, I see that only 2 tokens have a very significant price increase performance, they are Gains Network (GNS) and Velodrome (VELO). Meanwhile, GMX (GMX) already has a TVL of over $500M, quite risky to invest here IMO. Maybe Perpetual Protocol (PERP) which has very good potential in terms of price increase, because TVL there is currently only around $17M, and they also don't have a significant increase like Gains Network (GNS) and Velodrome (VELO).

btc_angela

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Quote from: kaseygriffin on March 23, 2023, 05:06:57 AM

Quote from: Kalchef on March 23, 2023, 04:13:33 AM

Quote from: Bobrox on March 23, 2023, 02:35:05 AM

I am waiting with new DEX exchange token and which one are potential at the future, nowadays many people talking about arbitrum after official announcing list all bigger market from Binance, Huobi, Kucoin and early listed on Hotbit with amazing price. But all DEX exchange token for earning airdrop need time and waiting from one years until several years later with they launch about their coins network.

I won't be watcher after many time missing with several DEX exchange token and right now active checking what is the next after Uniswap, Dydix, Arbitrum and many other DEX exchange have been success listed on exchange with higher price.

Arbitrum is a layer 2 project not a dex, there are of cos new Dex on Arbitrum network like Zyberswap and Arbidex but turn to scam all of a sudden, they cater away with over 100 million dollars, it's safer to invest in popular dexes instead, do you mean to type DYdx? Yeah that's a good one too.

Perhaps a bit of a misunderstanding, in the last few days we have all seen how much L2 Arbitrum created when they announced the airdrop. I saw that a lot of DEXs immediately rallied and launched their own tokens. However, basically any environment is the same, it is not absolutely perfect as scammers are always taking advantage of development and to perform bad behavior.
And to be honest, for me DEX is not a place to prioritize transactions, so only the cases that can't sell on CEX I look to DEX.

And if I'm not mistaken, DEX has been in the market for so long already, nothing against them, but it seems that they are still very far away from their counterpart as far as gaining audience or consensus in the market.

With that, as much as what layer or token they released in the public, there could be investors who are still in the fence. Yes, we all know that it's better to trade on DEX as we have total control, but still though it's the question of liquidity and other limiting factors for traders, just saying.

kaseygriffin

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Quote from: Kalchef on March 23, 2023, 04:13:33 AM

Quote from: Bobrox on March 23, 2023, 02:35:05 AM

I am waiting with new DEX exchange token and which one are potential at the future, nowadays many people talking about arbitrum after official announcing list all bigger market from Binance, Huobi, Kucoin and early listed on Hotbit with amazing price. But all DEX exchange token for earning airdrop need time and waiting from one years until several years later with they launch about their coins network.

I won't be watcher after many time missing with several DEX exchange token and right now active checking what is the next after Uniswap, Dydix, Arbitrum and many other DEX exchange have been success listed on exchange with higher price.

Arbitrum is a layer 2 project not a dex, there are of cos new Dex on Arbitrum network like Zyberswap and Arbidex but turn to scam all of a sudden, they cater away with over 100 million dollars, it's safer to invest in popular dexes instead, do you mean to type DYdx? Yeah that's a good one too.

Perhaps a bit of a misunderstanding, in the last few days we have all seen how much L2 Arbitrum created when they announced the airdrop. I saw that a lot of DEXs immediately rallied and launched their own tokens. However, basically any environment is the same, it is not absolutely perfect as scammers are always taking advantage of development and to perform bad behavior.
And to be honest, for me DEX is not a place to prioritize transactions, so only the cases that can't sell on CEX I look to DEX.

Kalchef

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Quote from: Bobrox on March 23, 2023, 02:35:05 AM

I am waiting with new DEX exchange token and which one are potential at the future, nowadays many people talking about arbitrum after official announcing list all bigger market from Binance, Huobi, Kucoin and early listed on Hotbit with amazing price. But all DEX exchange token for earning airdrop need time and waiting from one years until several years later with they launch about their coins network.

I won't be watcher after many time missing with several DEX exchange token and right now active checking what is the next after Uniswap, Dydix, Arbitrum and many other DEX exchange have been success listed on exchange with higher price.

Arbitrum is a layer 2 project not a dex, there are of cos new Dex on Arbitrum network like Zyberswap and Arbidex but turn to scam all of a sudden, they cater away with over 100 million dollars, it's safer to invest in popular dexes instead, do you mean to type DYdx? Yeah that's a good one too.

Bobrox

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I am waiting with new DEX exchange token and which one are potential at the future, nowadays many people talking about arbitrum after official announcing list all bigger market from Binance, Huobi, Kucoin and early listed on Hotbit with amazing price. But all DEX exchange token for earning airdrop need time and waiting from one years until several years later with they launch about their coins network.

I won't be watcher after many time missing with several DEX exchange token and right now active checking what is the next after Uniswap, Dydix, Arbitrum and many other DEX exchange have been success listed on exchange with higher price.

Luffygroove

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I'm perplexed by the lack of popularity of hybrid exchanges, considering their capacity to combine the benefits of DEX and CEX and address the shortcomings of both exchange types. While CEX provides authority to regulate exchange traffic, it lacks transparency and puts our crypto assets at risk due to the lack of private key control, as demonstrated by FTX's issues; on the other hand, while DEX allows for asset control, it suffers from high slippage and inclusivity issues, allowing scam projects to deploy contracts, hype them up, and then disappear with investors' money.

_musab-scorpion_

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Maybe you are right but I don’t usually trade on DEXC coins unless it is for very short period ….
Still u can invest in these coins but always buy with very small percentage of your total portfolio and also in parts

DapanasFruit

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As far as exchange is concerned, the only coin/token I have is BNB which is, of course, a centralized platform that is trying to look like a decentralized one but still trusted by many people. However, it is just around 3 coins and in fact I am planning to sell it as soon as possible while it is currently doing good. I am sure that DEXs tokens can be good to invest with but we have to be careful as things can easily go down in the market of cryptocurrency...just like what we witnessed in FTX. There are always risks and opportunities.

jacafbiz

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Quote from: Kalchef on March 21, 2023, 06:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

I do agree with this, as the regulatory body continues to be hostile to the Crypto market, more and more people will prefer to move to DEXes and we have started to see this with the growth of volume on most of these DEXes, the success of L2 has helped in this area also because it brings down the transaction cost greatly as compared to trading on Ethereum.

jossiel

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I don't trade on DEXES that I am not aware and mostly, they're not popular. Although it's a good investment for those that knows the liquidity and volume of them considered to be quite high.

Quote from: Orpichukwu on March 22, 2023, 10:20:39 AM

I just prefer buying and holding BTC if not btc for long hold nothing else. any other coin is just for short period profit-making.

That's the best strategy that's no doubt and no need to argument about it as what anyone can do. After you purchase bitcoin then you may proceed into buying these dex tokens if you think they're worth to take.

IIRC, Idex was once a popular dex and has got a token but then, I have no idea how much the value of its token now or if it's still existing.

Orpichukwu

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I don't usually trade exchange tokens unless it's just for a short period of time I mean day-to-day trading, because if the exchanges fall today the token will also be devalued, I just prefer buying and holding BTC if not btc for long hold nothing else. any other coin is just for short period profit-making.

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