Topic: Exchange tokens all the way (Read 1393 times)
All exchange tokens is good to invest because they have already live product. And the token usually used to get lower fee trading, launchpad and others promotion. But now too many altcoin based on exchange, we should be spend more time to research all of them. We should also look in to the circulating supply of the token and number of user of the exchange. And for platform of DEX and DEFI we have know the amount of their TVL too.
Yeah, like most people said "Big risk = Big profit". Almost every coins who got supported by binance the price instantly rise more than 10 times from the current price, but for TKO is verry surprising me because when the coin hit the market the price instantly rise more than x30.
That's not a surprise anymore when there are tokens that have been launched and got a support from one of the biggest exchange and its big community.This is the market these days and it's not only that those newly listed tokens that benefits it but also the exchange tokens too.
You certainly need exchanges that can expose your project to a sufficient amount of liquidity. Some projects pay high fees for the listing but the exchange actually has no volume. It can't work out. But it's difficult for exchanges to take volume away from other exchanges as users will stick with the exchange that offers them the best entry and exit options and that's all about liquidity.
I think not all token based on centralized exchange will have the same performance like BNB. Just like Bibox token which the price still in the bottom even during this bull season. BNB was given high ROI is because they have other products like BSC and Launchpad. In my personal opinion token based on DEX is more popular now, like CAKE, UNI. And currently Blockchain smart contract that offer lowest transaction fee and high TPS is solution for user of DEX, so could be token like PNG (used AVAX Blockchain) and QUICK (used Blockchain Polygon) will has more high potential.
Yeah, like most people said "Big risk = Big profit". Almost every coins who got supported by binance the price instantly rise more than 10 times from the current price, but for TKO is verry surprising me because when the coin hit the market the price instantly rise more than x30.
That's not a surprise anymore when there are tokens that have been launched and got a support from one of the biggest exchange and its big community.This is the market these days and it's not only that those newly listed tokens that benefits it but also the exchange tokens too.
but for TKO is verry surprising me because when the coin hit the market the price instantly rise more than x30.
I am not surprised to see TKO prices can rise up more than x30. TKO is the token of Tokocrypto, it potentially becomes the biggest crypto exchange in my country. Tokocrypto has a partnership with Binance exchange, it is the number 1 crypto exchange in the world. Moreover, I saw some great programs for the futher development of TKO token in the future. So, simply the price can increase massively because people believe in Tokocrypto.
Exchabge tokens are great and they are one of the few cryptocurrencies that have an actual use case right now. They provide utility on exchnages and have fundamental properties to back them up. It is far easier for exchange cryptocurrencies to do well in this market, compared to every other cryptocurrency including bitcoin.
Every investor should keep some tokens of both centralized and decentralizrd exchages in their portfolio
Every investor should keep some tokens of both centralized and decentralizrd exchages in their portfolio
Yeah, like most people said "Big risk = Big profit". Almost every coins who got supported by binance the price instantly rise more than 10 times from the current price, but for TKO is verry surprising me because when the coin hit the market the price instantly rise more than x30.
That's not a surprise anymore when there are tokens that have been launched and got a support from one of the biggest exchange and its big community.This is the market these days and it's not only that those newly listed tokens that benefits it but also the exchange tokens too.
Yeah, like most people said "Big risk = Big profit". Almost every coins who got supported by binance the price instantly rise more than 10 times from the current price, but for TKO is verry surprising me because when the coin hit the market the price instantly rise more than x30.
That's not a surprise anymore when there are tokens that have been launched and got a support from one of the biggest exchange and its big community.This is the market these days and it's not only that those newly listed tokens that benefits it but also the exchange tokens too.
You don't change your life without any risk, as you know who was buy good coin before one year ago now they have changed their lives. Hence, investing in crypto exchanges' altcoin is a good investment and will be more beneficial than other altcoins. Upon exchanges coin holding, you can get many benefits, and a rise in prices will be a good profit in the future.
Keeping coins on exchanges is extremely dangerous. No matter how good the exchange is, no matter how good the reputation it has, you entrust your money to a third party, therefore, their safety begins to depend not on you.
The exchange can be scammed, a hacker can hack it, and so on. You shouldn't keep your money on centralized exchanges.
There are occasions where it is a question of pragmatism. Let's say you are trading a few times a day maybe with Tether / Bitcoin back and forth. You wouldn't withdraw it every single time, pay the horrendous withdrawal fee and then deposit again. Leave on an exchange what you need for trading that you do on a regular basis and send the rest to a safe place that only you have full control over. That's how I do it.
Yeah, like most people said "Big risk = Big profit". Almost every coins who got supported by binance the price instantly rise more than 10 times from the current price, but for TKO is verry surprising me because when the coin hit the market the price instantly rise more than x30.
Are you referring to this token (https://coinmarketcap.com/currencies/tokocrypto/)?
I'm not familiar with this project, so I was looking at that x30 you are talking about, may I know what's the lowest price of the coin since I did not see the x30 by just looking at the graph provided by CMC.
Yeah, like most people said "Big risk = Big profit". Almost every coins who got supported by binance the price instantly rise more than 10 times from the current price, but for TKO is verry surprising me because when the coin hit the market the price instantly rise more than x30.
Keeping coins on exchanges is extremely dangerous. No matter how good the exchange is, no matter how good the reputation it has, you entrust your money to a third party, therefore, their safety begins to depend not on you.
The exchange can be scammed, a hacker can hack it, and so on. You shouldn't keep your money on centralized exchanges.
There is no recommendation to store assets in an exchange because they can be managed by a third party, many cases of traders lose assets without notification from the exchange. Only keep assets in trusted wallets or top exchanges. The exchange can be scammed, a hacker can hack it, and so on. You shouldn't keep your money on centralized exchanges.
After bitcoin and ethereum, exchange tokens re the next best thing in the crypto market. Exchange tokens offers value and utility because they have a use case that is actually functioning amidst a lot of other projects with coins but no use case.
Exchange tokens offer a more stable type of investment than the fast paced pump and dump coins
Exchange tokens offer a more stable type of investment than the fast paced pump and dump coins
It's a good time to take some risk with exchange tokens, remember that exchanges tokens are more capable too when bull is alive, last month WazirX, a crypto exchange project that no one is talking about was at 0.08$ and now it's 4$, some are already underestimating ToKOcrypto, another exchange token from binance again, though this isn't a financial advice but how can we change our lives for good if we don't take some risks?
That unless if you see a brighter future with that platform otherwise, you just end up losing. Too many exchange tokens had already existed and many of them are dead already. And perhaps you are right, we can never see if that is worthy or not, if that is profitable or not if we are afraid to take the risk. Risk-takers find more profitable compared to non-risk takers but we should also have to make research before having a step on it.
It probably because exchange token has its utility in their exchanges. However, we must also see the chance and behind the token itself whether they are reputable exchanges or not, and who are in the back of the tokens. Although it is an exchange token, I think that we must also research other things like its use case, teams, and also exchange itself.
About WazirX and TKO, yeah I think they are some of those that are quite successful this time, moreover, they are both backed and supported by Binance.
About WazirX and TKO, yeah I think they are some of those that are quite successful this time, moreover, they are both backed and supported by Binance.
about Tko, I do not think it will go that high considering the fact it is released in this bull market. in a bull market everything is overpriced, do not blindly buy them.
Btw, TKO Launchpad in Binance was 0,1$ per token and now the recent price is around $3.5 and the ATH was $10. Gate Token is going crazy lately, we saw more than 8.5 dollar price for it. I remember it was under 1$ just a couple of months ago. Other exchange coins already made their move but Gate Token is still moving. I was expecting a move from GT but this move passed my expectations. I wish I never sell my GT, I still have over a thousand because I join startups with my Vip status. It looks like GT will be one of the most profitable exchange coins in the end.
GT tokens price is still going up 😯. I think only the top exchange can do that. But volume and supply effect will show after the bullrun is over. The maximum supply of GT tokens is still unknown. Catex token prices also increased, but behind this price up volume was very low. If exchange can make fake volume, why don't they create fake volume for their own exchange coin? I don't trust low volume exchange tokens. how can we change our lives for good if we don't take some risks?
Yes mate, Risk is necessary for getting high profit. If we don't take risk, we will not get profit.I have invested in exchange token and I hope I will get good profit, because exchange tokens have good potential to increase.
I think that it is really good to hodl for so long term some exchange token and we have seen the proof that it is really good for long term with BNB coin which started from less than a dollar and now it soar so high as much as 670$. Now, I am think to hodl some exchange token such as KCS, GT and TKO.
BNB is a good example of why investing in exchange tokens is attractive, however, we need to do our research as well as we have tons of bad exchanges in the market, and when we say bad exchanges, their exchange tokens have no future. if you still trust BNB to rise more, then I guess investing in BNB is still good even at the moment.
binance is also great for a long term investment option,
besides these coins, of course there are several other coins that are potential and important before investing, we need to research first
I think that it is really good to hodl for so long term some exchange token and we have seen the proof that it is really good for long term with BNB coin which started from less than a dollar and now it soar so high as much as 670$.
BNB is a good example of why investing in exchange tokens is attractive, however, we need to do our research as well as we have tons of bad exchanges in the market, and when we say bad exchanges, their exchange tokens have no future. if you still trust BNB to rise more, then I guess investing in BNB is still good even at the moment.
If you are investing in an exchange token then you should do that for a long time. BNB spend a lot of time to be in this position also it got here because binance is performing well. We should be careful about choosing exchange coin because almost every exchange has its own coin even the shitty exchange who generate a lot of fake volumes.
Now, I am think to hodl some exchange token such as KCS, GT and TKO.
These are some coins that can do something similar to BNB in the future. Also, don't forget about WRX too.
You don't change your life without any risk. Hence, investing in crypto exchanges altcoin is a good investment and will be more beneficial than other altcoins.
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