Topic: Potential Upside in Exchange Tokens (Read 276 times)

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.

     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.

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.

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

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.

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. .

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.

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.

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.

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..



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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

A lot of people might feel as though exchange tokens are too risky compared to other coins. Since exchange tokens are directly related to the exchange it is native on, its price will be affected by whatever is happening in the company.

While other coins are sometimes affected by the overall people's sentiments, exchange tokens are driven by news regarding that exchange. If it were to face a hardship, the price will surely plummet.

It is not yet very popular and not a lot of people are aware of exchange tokens which makes it risky in terms of legality. There is not yet much sanction to go by when it comes to exchange tokens.

It could also face some security issues. It is much more vulnerable to hacks as most exchange tokens are accessible through online. Thus increasing level of cybercrimes.

It could develop over time but for now it still has things it needs to fix so that more people will be attracted to it.

These exchange tokens provide a unique opportunity for investors. They not only represent a stake in the success of the respective platforms but also offer additional benefits like staking rewards, trading bonuses, and more. The potential of exchange tokens largely depends on the success and growth of the respective platforms. Competition among exchanges is inevitable due to the demand for them, especially when they face issues. The competition intensifies when there is a possibility of replacing the incumbent in the hot seat.

I view the tokens of exchanges as their stocks because many do not bother to be listed on any stock platform. For this, these token are their security, and people's investment and the news of the company (good or bad) would mostly be the determinants of the status of the tokens. Also, everything happening in the crypto space will surely impact these tokens in a way. The impact may not be huge, but still, it will happen as we are seeing now in the market. It takes either huge news happening to the exchange to cause a huge impact on the token, just like what happened when Binance and CZ were indicted with money laundering last year and over $4B fine was slammed on Binance.

You can see how BNB dropped so much within a few days. The same thing could have happened in the opposite manner if it was good news. This is why we should only buy the tokens of the exchanges we have huge trust in, especially the top-rated ones, and not those ones who are still fighting for relevance or have questionable characters. Also, the bigger the event that can affect the crypto space, the bigger the effect could be on these tokens as well. As we see in recent months, for instance, all crypto assets have been bullish, so almost all exchanges' tokens would buy significantly too, if not all.

So, this is the right time to purchase the token of exchanges even as we move closer to the post-halving period and also the altcoins season where huge returns are always achieved

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.

They must be doing something right though..their growth over the last five years has been outstanding. I hope it continues.

It's the airdrops that these DEXs or swap aggregators are usually using to increase volume and demand of their token. Solana has a lot of them and projects in other chains like Cosmos are doing a similar thing.

That's probably where I would put money on instead of the old exchange tokens except maybe BNB.

You've to give out something to get something. That's a cardinal principle of life.
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You know what? I absolutely agree with you on the above statement. This is super applicable in economic and social exchanges.

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.

There was a boost in price of Exchange tokens in the last bull and we could expect the same this time. The thing that's a bit changed than the last time is volume of Exchanges happening in centralized and decentralized exchanges. I don't have the exact data but DEX at the moment might be making larger amount of transactions than centralized exchange makes. That means the growth could be much larger on network tokens that act as gas for the transaction. There would also be boost on dex tokens as there are incentive for larger number of transactions and centralized exchange tokens too would enjoy the price boost in increased traffic.

The likes of Tidex and Bitrue tokens haven't got the level of attraction HT, KCS, BNB or OKB has got because those exchanges themselves don't have much patronage. BNB is where it's today because of the type of traction the Binance exchange has, coupled with the incentives it makes for subscribers who transact using its BNB native token. You've to give out something to get something. That's a cardinal principle of life.

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.

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?