From what I can gather BGb already affords holders exclusive perks etc. what do you think about this article. Read it and I decided to share. https://bitcoinist.com/three-factors-indicate-that-the-bgb-token-could-
reach-5-in-2024/.
Topic: he Development and Growth of Exchange Tokens: BNB and BGB (Read 99 times)
From what I can gather BGb already affords holders exclusive perks etc. what do you think about this article. Read it and I decided to share. https://bitcoinist.com/three-factors-indicate-that-the-bgb-token-could-
reach-5-in-2024/.
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When BNB was created in 2017 back then, we had very few exchanges around that could compete properly with it, and the ICO stratergy ZAO used was really great, but I missed it when it was at its lowest now it is trading at a very high price, and since then I have been paying attention to patterns among these exchanges to catch any strong player that is willing to put in the effort and replicate that succes because the growth rate of BNB is not like as it used be. I noticed that the more an exchange token is put to use, the more increase it gets in value and one that surprised me is BGB again which has done 1,562% since its launch in 2021 and by 184% in the past year.
At that time, I was so damn stupid that I chose not to purchase BNB when its value was approximately 25 cents, and I fully regretted my decision. A few years later, massive rises in BNB occurred when Binance implemented several innovations that caused its user base to increase so quickly. It has also become the fastest-rising cex, while Binance continues to dominate the crypto volume.
I might be wrong, but I believe they will be thinking of having their own blockchain like Binance did or if there is anyone who can advise them to do so, because, with the fact that they have a launchpool, good marketshare, marketcap expansion and increasing trading volume, I believe their token can get to $5 before the end of 2024. Let's do the maths, so we don't miss out, what do you think?
It's hard to predict considering the fact that if competition between exchange sites are very strict these days, and the better for bitget to deal with their scam wallet. Bitget wallet was often in fooling people to interacted with the scam router, then their wallet drained by hackers or insiders in bitget wallet. This show how incapable bitget team to build a wallet.
from the income at least it can again create success centralized exchanges have performed quite well in terms of user growth and the performance of binance in this case BNB is facing regulatory uncertainty thus far it has been developed and it is very positive that the more the exchange is used the more its value increases by changing concept implemented.
The issue of BNB is not new. IDK what happens to it but maybe it is partially resolved since it's not being talked a lot later on. BGB might have an edge now but the competition will be a bit harder once BNB had fully recovered, though before it happens, BGB and its team can act quicker and do whatever best they can to improve their coin more. Despite of the nice performance of Bitget and its token BGB, I think they are still far from what Binance and BNB had achieved through the years of their existence and I'm afraid that once they get on their level, more issues will then start to come out like regulators sue'ing them and their coin, just like what happened with Binance and its coin BNB.Binance and BNB have built reputation in the crypto market and that is why BNB is a top altcoin, I see it being bullish in the altcoins bull run. Bitget, is comparably a good exchange so I see their token BGB to also be bullish in the alt season, if there developer team don't relent in efforts to add innovations to it. Reputable exchange tokens have an edge over other tokens because you don't need to go too far in researching them, their exchanges are already established so it will be easier for investors to trust their projects that they're not scams like many of them in the crypto market. The future will tell whether BGB can be as successful as BNB.
I might be wrong, but I believe they will be thinking of having their own blockchain like Binance did or if there is anyone who can advise them to do so, because, with the fact that they have a launchpool, good marketshare, marketcap expansion and increasing trading volume, I believe their token can get to $5 before the end of 2024. Let's do the maths, so we don't miss out, what do you think?
Every projects token would wish to build their own blockchain but it isn't about the want but based on qualification of the coin to have its blockchain and only the potentialities and possessions of the tokens can determine that.
So it's not that they're not interested to have its own blockchain but that'll be a future consideration not now because the token doesn't posseses the requirements.
from the income at least it can again create success centralized exchanges have performed quite well in terms of user growth and the performance of binance in this case BNB is facing regulatory uncertainty thus far it has been developed and it is very positive that the more the exchange is used the more its value increases by changing concept implemented.
The issue of BNB is not new. IDK what happens to it but maybe it is partially resolved since it's not being talked a lot later on. BGB might have an edge now but the competition will be a bit harder once BNB had fully recovered, though before it happens, BGB and its team can act quicker and do whatever best they can to improve their coin more. Despite of the nice performance of Bitget and its token BGB, I think they are still far from what Binance and BNB had achieved through the years of their existence and I'm afraid that once they get on their level, more issues will then start to come out like regulators sue'ing them and their coin, just like what happened with Binance and its coin BNB. It's just matter of time, i'm pretty sure that their team is quite ready to create their own blockchain at some point or at least have it on their to do list.
I see the pattern that bitget is taking literally just recreating the success of binance by doing the same thing from the bitget wallet, PoolX and so on, however if they really trying to create blockchain though doesn't guarantee it will be instant pump for the coin,
other exchange like kucoin have their own token and blockchain but it falls short, because it never gained popularity. but yeah the exchange coin itself performs pretty good over the time.
then thing with binance smart chain, it's already developed so far i'm pretty sure if other exchanges are to create blockchain they can't ever compete with BSC ever. the binance ecosystem arguably is as matured as ethereum.
I see the pattern that bitget is taking literally just recreating the success of binance by doing the same thing from the bitget wallet, PoolX and so on, however if they really trying to create blockchain though doesn't guarantee it will be instant pump for the coin,
other exchange like kucoin have their own token and blockchain but it falls short, because it never gained popularity. but yeah the exchange coin itself performs pretty good over the time.
then thing with binance smart chain, it's already developed so far i'm pretty sure if other exchanges are to create blockchain they can't ever compete with BSC ever. the binance ecosystem arguably is as matured as ethereum.
from the income at least it can again create success centralized exchanges have performed quite well in terms of user growth and the performance of binance in this case BNB is facing regulatory uncertainty thus far it has been developed and it is very positive that the more the exchange is used the more its value increases by changing concept implemented.
It's just matter of time, i'm pretty sure that their team is quite ready to create their own blockchain at some point or at least have it on their to do list.
I see the pattern that bitget is taking literally just recreating the success of binance by doing the same thing from the bitget wallet, PoolX and so on, however if they really trying to create blockchain though doesn't guarantee it will be instant pump for the coin,
other exchange like kucoin have their own token and blockchain but it falls short, because it never gained popularity. but yeah the exchange coin itself performs pretty good over the time.
then thing with binance smart chain, it's already developed so far i'm pretty sure if other exchanges are to create blockchain they can't ever compete with BSC ever. the binance ecosystem arguably is as matured as ethereum.
I see the pattern that bitget is taking literally just recreating the success of binance by doing the same thing from the bitget wallet, PoolX and so on, however if they really trying to create blockchain though doesn't guarantee it will be instant pump for the coin,
other exchange like kucoin have their own token and blockchain but it falls short, because it never gained popularity. but yeah the exchange coin itself performs pretty good over the time.
then thing with binance smart chain, it's already developed so far i'm pretty sure if other exchanges are to create blockchain they can't ever compete with BSC ever. the binance ecosystem arguably is as matured as ethereum.
I think one thing which propel BNB price is its own blockchain, as the coin is being used as a fee so there is constant demand to it + building early where there was not so much competition. BGB can double but probably only for a couple of times unless it has something new concept to offer
From what I can gather BGb already affords holders exclusive perks etc. what do you think about this article. Read it and I decided to share. https://bitcoinist.com/three-factors-indicate-that-the-bgb-token-could-
reach-5-in-2024/.
I think one thing which propel BNB price is its own blockchain, as the coin is being used as a fee so there is constant demand to it + building early where there was not so much competition. BGB can double but probably only for a couple of times unless it has something new concept to offer
When BNB was created in 2017 back then, we had very few exchanges around that could compete properly with it, and the ICO stratergy ZAO used was really great, but I missed it when it was at its lowest now it is trading at a very high price, and since then I have been paying attention to patterns among these exchanges to catch any strong player that is willing to put in the effort and replicate that succes because the growth rate of BNB is not like as it used be. I noticed that the more an exchange token is put to use, the more increase it gets in value and one that surprised me is BGB again which has done 1,562% since its launch in 2021 and by 184% in the past year.
I might be wrong, but I believe they will be thinking of having their own blockchain like Binance did or if there is anyone who can advise them to do so, because, with the fact that they have a launchpool, good marketshare, marketcap expansion and increasing trading volume, I believe their token can get to $5 before the end of 2024. Let's do the maths, so we don't miss out, what do you think?
I might be wrong, but I believe they will be thinking of having their own blockchain like Binance did or if there is anyone who can advise them to do so, because, with the fact that they have a launchpool, good marketshare, marketcap expansion and increasing trading volume, I believe their token can get to $5 before the end of 2024. Let's do the maths, so we don't miss out, what do you think?
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