Topic: Is exchange based tokens worth for hold? - page 7. (Read 1954 times)

Yes of course these kind of tokens can be profitable in future and if you have risk tolerance so you should buy these tokens. One more thing is that if a team is managing a big exchange so it can also drive a token with good strategies.
Whenever you are investing so there can be risk too. Somewhere there will be much risk like the meme coins but there will be big reward too and there are some others coins where is low risk so like these exchange base tokens.

Main thing is that if the exchange will collapse so definitely the coin/token also will go down fastely and never will come up so this can give a loss to you. Like we have an example of FTT token which was based on FTX exchange. So if these kind of tokens are giving profit so they can give loss too. So be careful.

Investing in exchange based tokens such as BNB from Binance, KCS from Kucoin can be potentially a profitable strategy. However, it is also important to acknowledge the associated  risks even when dealing with reputable exchanges. The success of such investment strategy is solely based on practical use case of these native tokens. Additionally, as decision making regarding these tokens is controlled by the management of exchanges, this vulnerability introduces another element of risk that should also be crefully considered before investing in these tokens.

Currently have many exchange token published right now such as BNB for Binance, KCS as Kucoin exchange, HT as Huobi and MX as MEXC exchange market beside still have several coins based on dapp exchange from Cake coins, UNI until many kinds of coins have exchange token categories. I don't think all exchange coins or token worth for holding because many coins drop drastically such as Cake as Pancake of dapp exchange ever on all time high price above $40 and right now drop drastically until 2.5$. I think for more profitable exchange coins or token looks BNB or UNI as Uniswap exchange, but not good ideas when holding if both coins raising to higher price due if correction will difficult waiting recovery to the higher price.

Still hold few of BNB coins since price above $300 and today difficult get back to higher price after last several months when facing problem between SEC Commission and Binance exchange.

Currently, BNB is the best and worth holding for the long term and I also use it often for quick trades. although there are also those who find it unpleasant, such as if there is a hack on the Binance exchange, the price of the BNB coin will definitely fall

I still hold BNB today and it is well worth holding in the long term.
Apart from holding, BNB is also used for Launchpad so that there are other benefit values ​​that will be obtained by the holders. Moreover, Token Exchanges, especially those like Binance, have clear goals and that is more secure than holding Altcoins whose goals are not yet clear.

Why not? If we consider tokens from top exchanges, then this is a good choice and if tokens can still participate in the rewards program,then this is a good advantage.You can also often pay a commission when trading in a token, which is also quite convenient, since it can be a little cheaper than paying a standard commission.

The problem only remains in finding out a genuine, trusted and good exchange. Most of them use it to run their ecosystem and up till now only Binance has been successful. Following Binance Kucoin did launch their token which didn't perform well till now. I doubt any exchange token will do as good as Binance token did earlier and is still doing better than others.

That's right because we haven't seen any exchange coins that are successful lately and all of them seem to easily hit their full potential at lower prices. Although we have a few that exceed our expectations, most of those coins do not really have enough liquidation to be able to rise as much as possible like ETH or BTC. It's better to invest at their earliest stage if you found one and surely you won't regret your decisions but only after you have finished your own research not from a review of some influencers who wanted to promote false successful coins.

It is important to consider investing in exchange tokens because you can mix and match different types of tokens. Choosing the best exchange in the market is a personal choice however based on the applicability of the users. Only BNB can be trusted a bit and it is currently widely used. We know exchange based tokens are mainly created for exchange and other benefits on an exchange platform but it is never safe. Shitcoin gains and rates are more likely to have celebrity endorsement status, as the cryptocurrency market is highly volatile and resilient. Elon Musk is interested in the basic features that the 'Dogecoin standard' refers to, and the rise in DOGE price is an example of that possibility.

Only for reputable since its so hard to determine if those new exchange who launch their own native token would last for more years. Since they could just shutdown their operation if they succeed to earn millions from their pre-sale that's why we should go for reputable one than trying our luck to earn with those new since I always believe on coin that bear market tested since from there we can have some peace of mind that they will not rug pull us on short period of time. The case of FTX maybe serve a lesson to anyone that's the reason we should know when to sell and not to hold to much so that those incident happen to their past investors will not possibly encounter with us so we need to be more active seeking for latest news so that we will not get scammed here.

I also like investing on exchange based tokens but mainly for reputable and popular exchanges like Binance, KuCoin,, and Cake. I know that it is very risky because they are all centralized, and the case of FTX is a lesson to us all in crypto space, but I take them as my second choice investment after bitcoin because just as you said, some of them dumped 70-80% of their ATH.

Depends on what coin you are really that holding or the project you are really that investing because not all altcoins would really be that flying or really increase in price when BR happens. Only to those solid projects
will really be flying out with colors and a mix of those shit coins that which you dont really expect for it to fly. This is why some people are really that having a fan of collecting or investing into coins as if they were really just that giving out assurance that they will really be making some significant movement when the market will really be able to make some u-turn. There's always no assurance with this on which it would really be just that right that you should really be prepared for whatever things that could happen on those times.

Now, if we do speak about exchange based tokens then it would really be that depending into its popularity if you do tend to hold. It would really be always be basing up into its popularity.
If there's something wrong with the exchange then you would really expect that it would give out such impact on the said coin. It would really be always having that possibilities
about tying up its reputation into its coin.If a platform is known and having those significant updates and good news then expect that it would be also positive
and it would really be that varying.

my advice is still to hold your altcoin that you invest, because as long as the project is still running and making progress, then you still have the opportunity to make a profit from investing in these altcoin, especially now that the condition of the market is bad (bear market), so it's only natural if many of altcoin that you invest dump by 70%-80% and I am sure that if a bullrun occurs, then the price of altcoin that you invest will definitely increase very high again and give you a lot of profit.

Cake didn't perform well if you're going to take a look at it. Actually, most of them are not but we don't know if they will be at their best shape during the bull run. That's how it goes with these tokens for sure because the known the exchange is, the better that they'll have as an impact to their tokens.

You have a point about it, only a few manages to be big but they won't get out of the market if nothing happens just as what FTX did. But even so, look at its FTT token, it's still there.

I don’t support holding exchange coin for long as those aren’t suppose to be worthy for me. As you already mentioned, some same of altcoins and the incident that happened you to! Meanwhile i check those exchange based tokens and most of those are dumped more than expectations because those tokens only give you some facilities in exchange, and those are valueless outside their platform. I think exchange tokens are risky, even this statement is also eligible for bnb also! Don't forget FTP was also top exchange coin

I don't know what exchange can be unique right now. It is such a time that regulation can prevent any exchange, even one as big as Binance. So it seems to me that exchange tokens are a very risky investment, something like meme coins. It's better to choose those coins that are really decentralised and don't depend on one thing.

I think that some of them still have chance to pump in case of new bull market. But only the biggest ones or from exchanges that somehow unique from others

Exchanger coins just like every other coin works with the coin principle, if there is  a negative fundamental on the project then we'll see the price of that token crashing, if also their technology as issues or they get regulatory sanctions also it will have a negative impact on the price. No one actually sees the outcome of loads of these exchanges as they always on the trajectory to success when we buy into  these projects.

Bottom line, buy coins and sell them when its in profit.

Whether you have exchange tokens means that are listed anywhere, which means they are also listed on other exchanges, although if you have exchange coins, the main thing is that we can only predict, that how much we can expect from the coin.

During the fiscal year 2018-19, I possessed various exchange coins however, none of them appreciated in value as I had anticipated. Consequently, my overall experience was disappointing because numerous projects had introduced exchange-based tokens, but very few achieved significant success. When considering exchange coins from reputable platforms, I would recommend holding them. For example, coins like BNB and Uniswap have shown their potential. It's important to note that not all exchange coins will perform as impressively as BNB some may yield profits, but not to the extent we hope for. The outcome largely hinges on our expectations for a particular coin. Nevertheless, holding top-tier exchange coins remains a viable and sensible strategy.