Potential Upside in Exchange Tokens | Bitcointalksearch.org

justdimin

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Quote from: goaldigger on March 06, 2024, 05:12:04 AM

Quote from: Sophokles on March 05, 2024, 02:49:15 PM

The thing is, investors don't want to invest in a token only to get a trading fees discount. There are many project that are doing very well compared to the rest of the exchange token and some of the good example is BNB and MNT. Though MNT is not an exchange token but they are working with bybit and both of them can be used to participate in token sales. Also they have an ecosystem of their own so there are more than one utility of these tokens, and still they are not the top gainers in the market.

Every token have their own pros and cons, and with the exchange token it will always depend on the exchange on what's the benefit of holding it.

BNB seems very rewarding as they have priorities when you hold or stake BNB on their platform, and this is the only reason why I love and support BNB coin. Not just with their exchange but also with their ecosystem that works very well in cryptomarket. There are other exchange token with the same benefits, better to have your own analysis too so you can compare.

This is the main thing about exchange tokens, because if it's connected to a horrible one that is having troubles then it will not go up a lot, it will probably have troubles. However, something as good as BNB for example, could keep on being awesome, they had their CEO fired by literally US government, and they had to pay billions in penalty, and yet they still stayed strong and have been preferred by people in majority as well.

This is why when BNB goes up, you do not question why it did, because you know why it did go up like that. This means that we are going to end up with a greater BNB price when the upwards movement starts as well, we just need some time with it that's all. When the bull run starts, everyone will see why it's so great.

Ben Barubal

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Quote from: R1dwanRz on March 04, 2024, 08:54:04 AM

If there's one thing crypto traders love, it's a good opportunity. But I sometimes wonder if exchange native tokens don't get enough attention compared to major coins like BTC.
These assets, like Binance's BNB, OKEx's OKB, and Huobi's HT, provide direct exposure to the growth of leading cryptocurrency exchanges. As platforms expand globally and attract more users, their native tokens could see demand increase in parallel.

2023 showed the potential upside of these often overlooked assets. Reports indicated Bitget's BGB native token significantly outperformed Bitcoin and other exchange tokens last year, gaining over 200%.

You can see the performance report below:
https://twitter.com/ICO_Analytics/status/1763637663175733467?s=20

Best of all, as the holder of exchange native tokens you can benefit from staking, launchpad allocations, trading bonuses and more perks provided by the platforms. With continued competition between exchanges to scale globally, 2024 could be another breakout year for exchange tokens if networks expand as predicted. But what do you think of the tokens guys?

Well, this is another bull run that is coming, and there are many exciting things that for sure will surprise us with what will happen, either in the top altcoins, top meme coins, or others that can give us a surprise in the market.

There are also other altcoins that have undeniably been removed from the list of top exchanges, and for whatever reason, we don't know the exact reason. It may be that they are having difficulty meeting the volume quota every week, but I am not sure if that is really the case.

Bushdark

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Quote from: Claymore2 on March 06, 2024, 11:45:17 AM

Some tokens stand out more than others, attracting significant attention alongside the exchange itself. However, every token holds value that investors find compelling. Factors such as the exchange's reputation, market capitalization, and trading volume contribute to this allure.

You are very correct and we need to look for those ones that are very volatile in the market.
Since there are plenty of exchanges in the market and many of thwm have their own token, before we invest in exchange to tokens, we need to know what we are doing and put money in the right place. We can make money in the crypto space if we know what we are doing.
Crypto is a privilege for everyone of us that are benefiting from the market, we don't need to shout it loud for you to understand the situation.

irsykes

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Quote from: goaldigger on March 06, 2024, 05:12:04 AM

Quote from: Sophokles on March 05, 2024, 02:49:15 PM

The thing is, investors don't want to invest in a token only to get a trading fees discount. There are many project that are doing very well compared to the rest of the exchange token and some of the good example is BNB and MNT. Though MNT is not an exchange token but they are working with bybit and both of them can be used to participate in token sales. Also they have an ecosystem of their own so there are more than one utility of these tokens, and still they are not the top gainers in the market.

Every token have their own pros and cons, and with the exchange token it will always depend on the exchange on what's the benefit of holding it.

BNB seems very rewarding as they have priorities when you hold or stake BNB on their platform, and this is the only reason why I love and support BNB coin. Not just with their exchange but also with their ecosystem that works very well in cryptomarket. There are other exchange token with the same benefits, better to have your own analysis too so you can compare.

BNB is still a favorite for long-term holding on launchpad exchanges BNB is the main one for me. And this season many new projects are being funded by the big market. like what is currently happening on the Binance exchange, Bybit is due to the push of the airdrop trend which has become a big attraction for the community

Claymore2

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Some tokens stand out more than others, attracting significant attention alongside the exchange itself. However, every token holds value that investors find compelling. Factors such as the exchange's reputation, market capitalization, and trading volume contribute to this allure.

Volimack

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If you do your own market research you will understand that the demand for investing in exchange tokens depends on the price and demand of these emerging currencies. There is no guarantee of how high it will rise during the bull season. BNB is more reliable to me for exchange tokens. BNB is widely popular in fact BNB tops the list because of its reach and sheer popularity. .

goaldigger

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Quote from: Sophokles on March 05, 2024, 02:49:15 PM

The thing is, investors don't want to invest in a token only to get a trading fees discount. There are many project that are doing very well compared to the rest of the exchange token and some of the good example is BNB and MNT. Though MNT is not an exchange token but they are working with bybit and both of them can be used to participate in token sales. Also they have an ecosystem of their own so there are more than one utility of these tokens, and still they are not the top gainers in the market.

Every token have their own pros and cons, and with the exchange token it will always depend on the exchange on what's the benefit of holding it.

BNB seems very rewarding as they have priorities when you hold or stake BNB on their platform, and this is the only reason why I love and support BNB coin. Not just with their exchange but also with their ecosystem that works very well in cryptomarket. There are other exchange token with the same benefits, better to have your own analysis too so you can compare.

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Quote from: strunberg on March 05, 2024, 01:47:33 PM

Quote from: Ticdeneb on March 04, 2024, 04:24:47 PM

Bitget in recent times have sought to push themselves further and expanded in virtually all areas of their operations not limited to collaborations, boosting user confidence by increasing their protection funds, there have been multiple launchpool and launchpad events that undoubtedly positioned BGB in a way to be highly sought after. Other exchanges will experience the same if they put in the work.

I've bought some BGBs in the last few weeks because I believe that they will be one of the blue chips in the next few years. BGB and Bitget are still not big exchanges but I am confident in their future potential. I've tried using Bitget and to be honest they are quite good and currently they are improving their business. This is not financial advice but I myself have tried investing a few hundred dollars in BGB.

I agree with what you're saying, the potential is unrivaled. But they've moved to a top 4 derivative cex according to coingecko and their token outperformed all CEX tokens last month according to the analysis of OP. This shows they must be doing something right yunno.

cryptoaddictchie

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Quote from: R1dwanRz on March 04, 2024, 08:54:04 AM

Best of all, as the holder of exchange native tokens you can benefit from staking, launchpad allocations, trading bonuses and more perks provided by the platforms. With continued competition between exchanges to scale globally, 2024 could be another breakout year for exchange tokens if networks expand as predicted. But what do you think of the tokens guys?

As long as you take advantage of the features and privilege you can get from them then youll know if they have potential. For example the Binance coin which utilize a small fee but able to conduct a lot of transactions. Also take note the chance to participate on their program like launchpool and launchpad that eventually give users edge to make such profits from other projects free or small risk investment.

R1dwanRz

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Quote from: batang_bitcoin on March 04, 2024, 09:33:39 AM

They are actually getting attention just as the exchange itself. But of course, you'd see those that are really getting the attention of the most than those that don't. But I think that even with that classification, all of them have got a value that many are interested to buy them because of the business the exchange itself and also the market capitalization and volume that the actual token gets.

You see exchange tends to improve their services, provide better for their users. It's no surprise that $BGB got there with that gains over of 200%. I mean think about it, cuz last time I saw the token was at $0.58, I witnessed from there to reaching ATH 1$ and even higher! So I don't think we should underestimate exchange's growth, we can see definitely see ourselves reaping the benefits of native token and greater return like this. But of course, you gotta do your own research..

Quote from: yazher on March 05, 2024, 07:43:32 AM

Actually, you can get some decent profit when investing in their tokens and also you can be assured that your investment will not get easily lost like the other risky tokens out there. They also keep updating their platforms which makes their tokens increase their price depends how good it is and how popular it can be to the investors and their users. Nevertheless, if you are not sure which altcoins to buy in this halving season, you could just choose one of those and have confidence that it will also raise its price once the bull runs will gonna happen this time again.

I agree..you kinda read my mind. You can see lots of alts down cuz it's a meme season, so what if this halving season bring us some luck? and maybe these native tokens of exchanges like $BGB might increase your portfolio value. One thing I'll say for sure don't invest bilndly, you gotta do your own research like I said before.

albon

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Quote from: R1dwanRz on March 04, 2024, 08:54:04 AM

If there's one thing crypto traders love, it's a good opportunity. But I sometimes wonder if exchange native tokens don't get enough attention compared to major coins like BTC.

Bitcoin cannot be compared with the native tokens of centralized exchanges at the point of safe investment and huge profits in the long term.

Exchange-native tokens derive value from their customers' usages within the exchange platform. Holders of these tokens can benefit from the offers and privileges provided by the exchange platform to achieve some profits. What happens if the exchange is hacked, bankrupted, or faced regulatory scrutiny? Naturally, the token's price will sink and may reach its bottom as the negative news spreads widely. I see that it is a truly risky investment and is not suitable for those with weak capital. BNB is the best token of potential upside for anyone who wants to take risks, and its fate depends on Binance maintaining its rank as the crypto market leader.

Sophokles

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The thing is, investors don't want to invest in a token only to get a trading fees discount. There are many project that are doing very well compared to the rest of the exchange token and some of the good example is BNB and MNT. Though MNT is not an exchange token but they are working with bybit and both of them can be used to participate in token sales. Also they have an ecosystem of their own so there are more than one utility of these tokens, and still they are not the top gainers in the market.

strunberg

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Quote from: Ticdeneb on March 04, 2024, 04:24:47 PM

Bitget in recent times have sought to push themselves further and expanded in virtually all areas of their operations not limited to collaborations, boosting user confidence by increasing their protection funds, there have been multiple launchpool and launchpad events that undoubtedly positioned BGB in a way to be highly sought after. Other exchanges will experience the same if they put in the work.

I've bought some BGBs in the last few weeks because I believe that they will be one of the blue chips in the next few years. BGB and Bitget are still not big exchanges but I am confident in their future potential. I've tried using Bitget and to be honest they are quite good and currently they are improving their business. This is not financial advice but I myself have tried investing a few hundred dollars in BGB.

o48o

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Quote from: R1dwanRz on March 04, 2024, 08:54:04 AM

If there's one thing crypto traders love, it's a good opportunity. But I sometimes wonder if exchange native tokens don't get enough attention compared to major coins like BTC.

-cut-
Best of all, as the holder of exchange native tokens you can benefit from staking, launchpad allocations, trading bonuses and more perks provided by the platforms. With continued competition between exchanges to scale globally, 2024 could be another breakout year for exchange tokens if networks expand as predicted. But what do you think of the tokens guys?

Because you can't even compare them. BTC is a decentralized cryptocurrency, while exchange tokens are by definition very much centralized around the exchange. And they DO get major exposure all the time. Most of them have substantial marketcap already, so they aren't any more overlooked more then any other altcoins out there.

Smaller marketcap tokens outperforming BTC isn't really surprising as they are obviously going to be more volatile then BTC,

And it isn't real "staking" you are doing with them. Staking is securing transactions for the blockchain and getting rewards without third party CEXes. Exchanges just call that bullshit staking because if they would call it "earning interest" it would be harder to justify that it's not a investment contract and unregistered security.

el kaka22

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I agree that it takes a bit of time for these to go up, but when the bull market arrives, that would mean that exchanges will have higher trading volume, and when they have a higher trading volume, that means their coins will be bought a lot more. Imagine Binance having 10x more volume than what it has right now, that would mean that BNB would also be bought a lot more to pay less trading fee that way, along with having a good amount of increase due to bull run, it would also have trading fee reasons why people would buy.

When you combine those two together, the price will probably go up a lot. So, this halving and the upcoming expected bull run should see these exchange coins to be increasing in price a lot, or at least that's what people expect.

Dailyscript

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Quote from: batang_bitcoin on March 04, 2024, 09:33:39 AM

They are actually getting attention just as the exchange itself. But of course, you'd see those that are really getting the attention of the most than those that don't. But I think that even with that classification, all of them have got a value that many are interested to buy them because of the business the exchange itself and also the market capitalization and volume that the actual token gets.

Your right They are gaining massive attention. Look at Binance; it is a typical example. These big cryptocurrencies couldn't exist without these exchanges, and vice versa. They both need to work hand in hand to bring about the growth of digital currencies. Also, these exchanges do not care much about there price unless its an exchange that has a coin that has good usage, just like Binance BNB.

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Quote from: slashz9 on March 05, 2024, 04:39:35 AM

I think the main competitor of the main exchange at the moment is bybit but if bitget is there then this is a good thing, we will have many choices to use a decent exchange, and everyone will not choose 1 exchange all the time.

The OP is actually talking about Exchange tokens. I think bybit coin is MNT (Mantle) which is used for transaction fees on ETH Layer 2. But with that, $BGB outperformed it.
If $BGB could achieve 200% in that period of time without having Its on Blockchain yet, there is surely more to come and this will make it exchange be a very strong competitor with other top exchanges when that happens.

Quote from: Text on March 05, 2024, 07:31:43 AM

The potential of exchange tokens largely depends on the success and growth of the respective platforms.

And from here, it relates to what I've said earlier. $BGB has higher potential because there is still more development coming to give the token more purpose/usefulness.

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Quote from: R1dwanRz on March 04, 2024, 08:54:04 AM

If there's one thing crypto traders love, it's a good opportunity. But I sometimes wonder if exchange native tokens don't get enough attention compared to major coins like BTC.
These assets, like Binance's BNB, OKEx's OKB, and Huobi's HT, provide direct exposure to the growth of leading cryptocurrency exchanges. As platforms expand globally and attract more users, their native tokens could see demand increase in parallel.

If you're considering cryptocurrencies at large, it more better to stop comparing bitcoin to the way other cryptocurrencies token or coins do perform, even the Binance coin which is BNB is far away to where coin like ethereum is, those coin only got the pinnacle of where they are because of the way the exchanges have been ranked on a global ranking system and the influence that they have being promoted by the exchange in which many of their users often see on the exchange.

synchronym

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Of course, when you decide to invest in which tokens, observe the tokens carefully. If you have a little idea of how the market will be in the future, you may be able to profit by buying the tokens. There are many tokens that you can get success by investing but before investing you must read enough about that token and then invest. Don't invest in the wrong tokens by mistake, then you may lose money, so invest in tokens carefully.

kentrolla

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There are various reasons why the value of exchange token has been surging. As it's limited to major CEX tokens which has been on a rally it's due to the popularity of the exchanges as well as staking programs and we have seen this often in Binance whenever there is a new project launched and BNB is staked it increases the value of BNB.

But, there was an atmosphere of fear amongst users when it comes to exchange tokens especially after the FTX and Luna setbacks.

Topic: Potential Upside in Exchange Tokens (Read 235 times)