Looking for new exchange token to add to my wallet - page 2.

KingsDen

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Quote from: Mpamaegbu on January 24, 2023, 05:08:19 AM

Quote from: zasad@ on January 21, 2023, 02:29:52 PM

I see no point in investing in crypto exchange tokens, if I understood you correctly. Cryptocurrencies now have very big risks and it is not clear how the regulation from the SEC and the governments of other countries will end for them.But if you have good analytics for short-term manipulations, then I will not give advice.

I believe you're saddened by the event of FTT and its inglorious collapse. Who wouldn't be. Nonetheless, we should note that there are also other exchange coins doing well that aren't scam. There's Kucoin, apart from BNB. BNB opened the floodgate for exchange coins to gain prominence. I recollect how some of us post-2017 delved into buying exchange coins, seeing the great run of BNB. I remember stocking up exchange coins like Tidex, HTB and a few others I can't remember now. As it stands now I don't know what exchange coin to recommend now that I know some of these present exchanges are fraudulently set up.

Lately it is believed that exchange coins can survive in the market for the longer time as long as the exchnabe exists due to utility of the coins and availability of a community. There is no doubt that there are exchange coins that are doing well and there are some which disappointed like Ftt.

If I am interested in altcoins, I would go for exchange tokens and casino tokens.

Mpamaegbu

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Quote from: zasad@ on January 21, 2023, 02:29:52 PM

I see no point in investing in crypto exchange tokens, if I understood you correctly. Cryptocurrencies now have very big risks and it is not clear how the regulation from the SEC and the governments of other countries will end for them.But if you have good analytics for short-term manipulations, then I will not give advice.

I believe you're saddened by the event of FTT and its inglorious collapse. Who wouldn't be. Nonetheless, we should note that there are also other exchange coins doing well that aren't scam. There's Kucoin, apart from BNB. BNB opened the floodgate for exchange coins to gain prominence. I recollect how some of us post-2017 delved into buying exchange coins, seeing the great run of BNB. I remember stocking up exchange coins like Tidex, HTB and a few others I can't remember now. As it stands now I don't know what exchange coin to recommend now that I know some of these present exchanges are fraudulently set up.

redsun114

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I only know LCX too. I think this was also a new one but this one seems better than the other two that you listed there because it gained an immediate attention. If I were you OP I won't hastily invest on them but I will observe their performance first.

If proven that they seem to do well and they slowly being talked about by the public then that must be the time to invest on them but as usual, you must only invest enough or according to your capacity because this was still an exchange token. They easily can get affected if ever something bad happens to the exchange eg hacks, issues with the governments and worst if they themselves turned into a scam.

Vickysagar

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Quote from: fuguebtc on January 22, 2023, 09:38:47 PM

Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I have never heard of Chainge but for Woo it is an interesting project because it is a combination of DEX and CEX, if I had to choose between the two, I would choose Woo. But I think investing in altcoins during this period is very risky. If you love exchange tokens, BNB or OKB are much better tokens, and their returns in the next bull season will not be bad if you accumulate from now on. It is not yet time to invest in new tokens.

True. The lower the coin, the more risk comes with it. It's not bad to buy high-risk coins, you just have to accept it.

klidex

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Quote from: Yogee on January 22, 2023, 05:44:43 PM

Quote from: cytpoway121 on January 21, 2023, 02:19:26 PM

Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

Frankly; i think investing in the top gems, top exchange tokens is the way to go, so i would say your focus should be on the likes of kucoin shares token of kucoin, okx or gateio exchange tokens. Also it is important to dyor and figure out the right time to get into positions for the tokens.

Yes it makes more sense to build your portfolio with the known exchange token first before investing in the new ones. Most of them are still down from ATH so it should be a good entry point. You still have time for a good base for new exchange tokens

Yes, it's true that investing in top tokens like Bitcoin or Ethereum has more good future prospects, especially since the top two assets are coins that are highly sought after and liked by investors to be able to invest their money.
If we invest in a new project token, it actually carries a very high risk and it is not clear how successful it will be in the future, so it is better to choose a token that has clear success.
Do not let us fail in investing and lose investment assets just because we are tempted by profits on new projects that are not yet clear.

fuguebtc

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I have never heard of Chainge but for Woo it is an interesting project because it is a combination of DEX and CEX, if I had to choose between the two, I would choose Woo. But I think investing in altcoins during this period is very risky. If you love exchange tokens, BNB or OKB are much better tokens, and their returns in the next bull season will not be bad if you accumulate from now on. It is not yet time to invest in new tokens.

Jackl87

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

Sadly i don't own any Binance myself but i think most of us will agree that Binance is the biggest exchange with the most influence in the crypto space. For some people Binance even has to much influence already and i agree with that. I think it is never good if a single company becomes to powerful in a certain area. Also i think it is already pretty late to invest into Binance. For 5 years or so, you could buy BNB for 1 Dollar or so, so i always have a pretty hard time to buy it now for 300$.
I also think, like many others in this thread, that kucoin is also a very big and also reliable exchange and it only has less than 1/50th of the market cap of Binance.

KennyR

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Quote from: Yogee on January 22, 2023, 05:44:43 PM

Quote from: cytpoway121 on January 21, 2023, 02:19:26 PM

Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

Frankly; i think investing in the top gems, top exchange tokens is the way to go, so i would say your focus should be on the likes of kucoin shares token of kucoin, okx or gateio exchange tokens. Also it is important to dyor and figure out the right time to get into positions for the tokens.

Yes it makes more sense to build your portfolio with the known exchange token first before investing in the new ones. Most of them are still down from ATH so it should be a good entry point. You still have time for a good base for new exchange tokens

It is good advice, invest on the top gems than taking big risks. In the past there arisen a situation during which investment over exchange backed tokens were on the reach. Further the investment on wallet backed tokens have turned to be a trend. Even now in my opinion to invest on self custody wallet based tokens were a good choice.

Yogee

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Quote from: cytpoway121 on January 21, 2023, 02:19:26 PM

Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

Frankly; i think investing in the top gems, top exchange tokens is the way to go, so i would say your focus should be on the likes of kucoin shares token of kucoin, okx or gateio exchange tokens. Also it is important to dyor and figure out the right time to get into positions for the tokens.

Yes it makes more sense to build your portfolio with the known exchange token first before investing in the new ones. Most of them are still down from ATH so it should be a good entry point. You still have time for a good base for new exchange tokens

abralzain17

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I have a piece of advice for you, if it's good for you then trust it, but if my advice just makes you distrust then that's okay.
for a season like today you don't need to fill your wallet with tokens that don't have a great future or lack of use cases for those tokens. it's good for a season like today you need to fill your wallet with tokens that have been listed on many exchanges and are sure to have a bright future, for example Cardano, Ethereum, Matic, Bnb and Bitcoin. I think the crypto that I mentioned will be able to make you profit.

livingfree

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I don't know them and I won't give any recommendation on what you should purchase. Yeah, there's the known BNB and many are invested on it. If you're for the exchange tokens then you should the one that has the market already and huge volume.

But instead of buying them, why you don't want to buy bitcoin to add to your portfolio. It's the best choice that you can ever make if you're thinking about huge profitability because bitcoin is no doubt that's going to be profitable for the next bull run.

TastyChillySauce00

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I will prefer woo network over change. Woo is a good exchange site and the potential to be a big exchange site someday. I rarely heard people talked about change and investing in such token was biggest mistake that you can make it. You shall make comparison between both but woo token is far popular compared with chainge. I think that you can see that based on how many daily trade volume that owned by both. Volume means demand for the exchange site.,

iv4n

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Quote from: GreatArkansas on January 22, 2023, 03:06:51 AM

I am observing Kucoin right now. Seems Kucoin is the underdog here and if you take a look also how this exchange exist a very long time ago and you will see that there are still no other issues for this exchange, like hacks or anything.
And it also has good risk:reward ratio, just incase we will go back again to its all-time high again.

I made a nice profit with Kucoin shares, but I bought mine years ago when the price was around $1... I guess it could be even more profitable for me if I sold when it was over $20.

Well, the Kucoin price is moving between $6 and $8 for a while... I like Kucoin more than some other exchanges, and I will probably get into KCS again. I think it has potential to rise in the future.

GreatArkansas

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I am observing Kucoin right now. Seems Kucoin is the underdog here and if you take a look also how this exchange exist a very long time ago and you will see that there are still no other issues for this exchange, like hacks or anything.
And it also has good risk:reward ratio, just incase we will go back again to its all-time high again.

Pandji02

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Quote from: zasad@ on January 21, 2023, 02:29:52 PM

Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I see no point in investing in crypto exchange tokens, if I understood you correctly. Cryptocurrencies now have very big risks and it is not clear how the regulation from the SEC and the governments of other countries will end for them.But if you have good analytics for short-term manipulations, then I will not give advice.

Agreed. I was thinking like that for quite some time and never bought BNB or something like that. Can't see it as a good idea in the long-term. Especially with low-cap exchange tokens.

Cryptoababe

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

What other good ones you have in mind

I suggest you add MX token to your buy list. MX token has an infinity total supply and its listed on very good exchanges also. But I suggest you buy on the MX exchange because it has good volume there and you can also convert assets tokens to MX token.
My main reason is, MEXCglobal global might start working on thier own blockchain anytime and token holders will surely benefit from that.
The infinity total supply of thier token is also an hint that there will probably be a MX chain as time goes on.
Just search for MX on coingecko to get more info on the token.

cryptoaddictchie

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

For me going on with top exchange coins are the better and safer one especially they are been used for a long time and you can feel the benefit of holding on their tokens. Examples are binance and kucoin tokens, usually these have a lot of privilege if you check it out. Though the reward ratio for investment isnt that high anymore since its really far from new platform that has a very early price now. But the trust for these platforms are solid and gone too high now.

kapalmabur

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Quote from: zasad@ on January 21, 2023, 02:29:52 PM

Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I see no point in investing in crypto exchange tokens, if I understood you correctly. Cryptocurrencies now have very big risks and it is not clear how the regulation from the SEC and the governments of other countries will end for them.But if you have good analytics for short-term manipulations, then I will not give advice.

I don't know but sometimes some people still think that investing in crypto exchange tokens is still profitable,
actually it comes back to each person because they certainly have their own views,
not everyone also has good analytics because it requires high knowledge and understanding as well.

dbshck

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I've never heard of Chainge before. After checking out their website, I noticed that their daily trading volume is quite small, often not even reaching $500,000. Not interested in buying until they start generating more volume. However, I do think CHNG has a better tokenomics compared to WOO, with regular quarterly token burns. Also, WOO has stopped all burning mechanisms currently as they're revamping their tokenomics.

If you're looking for CEX token, I would recommend going with Binance Coin (BNB). Binance has been dominating the CEX space with notable growth. According to CoinDesk, its market share went up to 67% in December 2022 from 49% in January 2022.

For DEX token, I would definitely go for Mango ($MNGO). Yes, they were exploited in October, but all users were already made whole. They still have $27 million worth of USDC sitting in their treasury, which is more than MNGO's current market cap ($20 million). Additionally, the new v4 is already in alpha and they're also building a mobile Solana wallet, which is also in closed alpha. From my point of view, it seems like a no-brainer buy considering the $27 million USDC treasury they have.

zasad@

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Quote from: GEMIN_M4 on January 21, 2023, 01:32:49 PM

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

I see no point in investing in crypto exchange tokens, if I understood you correctly. Cryptocurrencies now have very big risks and it is not clear how the regulation from the SEC and the governments of other countries will end for them.But if you have good analytics for short-term manipulations, then I will not give advice.

Topic: Looking for new exchange token to add to my wallet - page 2. (Read 352 times)