this year has been quite turbulent for some altcoins, especially exchange tokens. I've invested in a few and performance-wise, only a handful of them have shown decent growth throughout the year. How about you? Do you have any exchange tokens in your holdings, and what are your thoughts on their market performance this year? Let's discuss our experiences and perspectives on how these tokens have been faring in this volatile market.
Yes, I have exchange tokens in my holdings, most notably the Binance platform currency. Unfortunately, I had invested BNB in order to participate in the SUI Launchpad, and after that the FUD event caused by the SEC, which led to a sharp drop in the price of BNB from the peak of $333, which led to my loss reaching more than -25%, frankly, I did not prefer exchange tokens because any exchange may be exposed to bankruptcy, regulatory pressure, or hacking, which will negatively affect the exchange token that the investor invests in, but there are things that make a person want to profit and reap returns and turn a blind eye to potential risks like participating in Launchpad and Launchpool and others, I have not lost certainty yet because the BNB token is one of the top tokens in the market, although it was classified as a security by the SEC, but it is highly likely that it will win like XRP and return better than it was and achieve a new ATH, and regardless of the SEC battle, the tokens of the exchanges currently did not gain the appropriate acquisition and it is certain that they will explode one day if the exchange team is as strong as Binance and knows what it is doing.
