What's the current development around exchange' native tokens?

taufik123

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Quote from: hugeblack on December 30, 2024, 04:27:37 AM

Don't forget that it is rare for an exchange to continue the same upward trend for two consecutive cycles. Even Binance does not achieve the same growth as in the past. Therefore, I believe that the price of BGB and BWB tokens native tokens has already reached crazy levels and we will not see more pumping, meaning that the target price is 10 or 15, which represents double the current levels, not 5 or 6 times.

Exchanges will only keep their Token prices from being too high or even too low, But when the cyclical moment like the current one when altcoinseason is the most awaited moment, then the pumping is done to attract the attention of all investors and the rise like in the BGB and BNB tokens will also occur.

The price of the BGB token certainly rose drastically at the end of 2024 yesterday and reached an ATH of $8.5 but also still has the potential to rise to reach $10-$15 when the altseason continues.

And on the BNB token it will still reach $1000 for the ATH price in this altseason, as seeing the top resistance of BNB is also broken and his breakout above the price of $700, this shows a pretty strong trend.

As you said, If the price of said ATH is reached, it will reach crazy levels and there will be no more pumping in the near future, so it will follow the next cycle.

TastyChillySauce00

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Quote from: R1dwanRz on December 30, 2024, 12:21:07 AM

Quote from: moneystery on December 27, 2024, 10:53:20 AM

with the growing development of global exchanges, it also makes their native tokens experience good growth. some of the exchange tokens you mentioned have great potential to grow in the future, especially BNB, it is one of the exchange tokens that has good growth; because binance continues to develop their services and pay attention to the use of their native tokens.

and also with the bitget token that you mentioned, now the price of the token has reached 8.5 usd after it was merged and added news of bitget expansion in several countries. so this token has good potential in line with the development of the bitget exchange.

Imo, first month on 2025 will see a lot of exchange tokens rapid growth.. It's also happening right now.. I still regret the day I sold my UNi though. But it was free money anyway. Would have waited a bit longer to sell it at high profit.

Right now, the market is currently down, seeing a bit of discount or dip, whatever you call it.. Let's just wait for Bitcoin to make it happen, exchange tokens will follow up..

I can see that too, it seems first month of 2025, some of the DEX coin will go up as well, i'm sure that $HYPE massive pump will eventually end which doesn't mean there will be dump but money gonna trickle down to other DEX coin as well as CEX like aevo, and so on.

though, there's no guarantee for it happening but seeing current pattern of the rally, money always trickle down to lesser mcap coin in the same category just like how RWA is doing. hopefully that's the case, already buying some CEX and DEX bags right now, now that it's cheap enough.

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Hyperliquid acts as an exchange native token as well, you can only trade spot Hyperliquid ecosystem tokens on there currently but they're looking to add spot functionality for many more coins when HypeVM goes live so you can buy spot BTC ETH SOL etc from a truly decentralized exchange

hugeblack

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Don't forget that it is rare for an exchange to continue the same upward trend for two consecutive cycles. Even Binance does not achieve the same growth as in the past. Therefore, I believe that the price of BGB and BWB tokens native tokens has already reached crazy levels and we will not see more pumping, meaning that the target price is 10 or 15, which represents double the current levels, not 5 or 6 times.

R1dwanRz

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Quote from: moneystery on December 27, 2024, 10:53:20 AM

with the growing development of global exchanges, it also makes their native tokens experience good growth. some of the exchange tokens you mentioned have great potential to grow in the future, especially BNB, it is one of the exchange tokens that has good growth; because binance continues to develop their services and pay attention to the use of their native tokens.

and also with the bitget token that you mentioned, now the price of the token has reached 8.5 usd after it was merged and added news of bitget expansion in several countries. so this token has good potential in line with the development of the bitget exchange.

Imo, first month on 2025 will see a lot of exchange tokens rapid growth.. It's also happening right now.. I still regret the day I sold my UNi though. But it was free money anyway. Would have waited a bit longer to sell it at high profit.

Right now, the market is currently down, seeing a bit of discount or dip, whatever you call it.. Let's just wait for Bitcoin to make it happen, exchange tokens will follow up..

Charles-Tim

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Quote from: R1dwanRz on December 28, 2024, 10:23:03 AM

Quote from: Charles-Tim on December 26, 2024, 11:59:55 AM

Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

But one of the most interesting moves this year has been the merger of BGB and BWB tokens. This merge has simplified things for users and BGB’s price shot up from $1 to $7.3 this year showing the growing interest and utility behind it.

I can remember when the price dropped to $0.5 and now at $7.25 after it increased to all-time high of $7.93 not quite long. The daily candle sticks for today is longer than. Those that I have seen before is only indicating the start of bear market for a coin. Or it can indicate that a coin has gotten to its peak for now. All I can see now is that it is not advisable to buy the coin again for now.

BGB's ATH is actually $8.49 now as recorded in CMC, they recently announced new whitepaper, not sure if you have seen it yet. you can see here: Whitepaper

The highlight is that they'll be burning $5 billion worth of BGB starting 2025. so you can imagine the price by then... Hopefully, it keeps that price trend. Currently hovering around 7.49$ here and there.

Crazy that is already top 2 on CMC, they are catching up so fast. surely what they have planned for future will make the token grow bigger than we see now. On other hand BNB is on $700 range. I hope they do something crazy, not just list memecoins that backfired lol.

Ether is the coin in the top 2. BGB is 19th.

Recently Bitget announced that they want to merge BGB with BWB which is the native token of Bitget wallet. The price soar to the all-time high of over $8.

Bitget said their coin is increasing when the market is bearish.

But do not let that deceives you because the coin has already increased significantly.

What I am expecting next is retracement.

R1dwanRz

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Quote from: Charles-Tim on December 26, 2024, 11:59:55 AM

Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

But one of the most interesting moves this year has been the merger of BGB and BWB tokens. This merge has simplified things for users and BGB’s price shot up from $1 to $7.3 this year showing the growing interest and utility behind it.

I can remember when the price dropped to $0.5 and now at $7.25 after it increased to all-time high of $7.93 not quite long. The daily candle sticks for today is longer than. Those that I have seen before is only indicating the start of bear market for a coin. Or it can indicate that a coin has gotten to its peak for now. All I can see now is that it is not advisable to buy the coin again for now.

BGB's ATH is actually $8.49 now as recorded in CMC, they recently announced new whitepaper, not sure if you have seen it yet. you can see here: Whitepaper

The highlight is that they'll be burning $5 billion worth of BGB starting 2025. so you can imagine the price by then... Hopefully, it keeps that price trend. Currently hovering around 7.49$ here and there.

Crazy that is already top 2 on CMC in terms of exchange tokens (!edited), they are catching up so fast. surely what they have planned for future will make the token grow bigger than we see now. On other hand BNB is on $700 range. I hope they do something crazy, not just list memecoins that backfired lol.

moneystery

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with the growing development of global exchanges, it also makes their native tokens experience good growth. some of the exchange tokens you mentioned have great potential to grow in the future, especially BNB, it is one of the exchange tokens that has good growth; because binance continues to develop their services and pay attention to the use of their native tokens.

and also with the bitget token that you mentioned, now the price of the token has reached 8.5 usd after it was merged and added news of bitget expansion in several countries. so this token has good potential in line with the development of the bitget exchange.

fikrett

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Quote from: Coin_trader on December 27, 2024, 08:09:41 AM

Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

As you can see, a lot of updates here shows how much exchange tokens are growing and it’ll be exciting to see how they evolve next. So guys what do you think will lead next?

The next move depends on what will be the trend on crypto. Exchange incorporates already DeFi, Launchpad and Airdrop as utilities of their native token which is still the trend in crypto.

Exchange will just keep applying those new trend since all the crypto will always involved exchange with their trend due to its use to convert crypto assets.

DePin is what I heard the uprising trend which means the next utility of exchange might revolve to this area.

Exchanges always try to follow trends, be it memes, NFTs, or in the case of the future that you mentioned - DePin.
So it's highly anticipated for them to hop onto the next wave of whatever people would like to see and get the hype rolling.

Coin_trader

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Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

As you can see, a lot of updates here shows how much exchange tokens are growing and it’ll be exciting to see how they evolve next. So guys what do you think will lead next?

The next move depends on what will be the trend on crypto. Exchange incorporates already DeFi, Launchpad and Airdrop as utilities of their native token which is still the trend in crypto.

Exchange will just keep applying those new trend since all the crypto will always involved exchange with their trend due to its use to convert crypto assets.

DePin is what I heard the uprising trend which means the next utility of exchange might revolve to this area.

fikrett

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Quote from: MAAManda on December 27, 2024, 07:45:01 AM

Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

But one of the most interesting moves this year has been the merger of BGB and BWB tokens. This merge has simplified things for users and BGB’s price shot up from $1 to $7.3 this year showing the growing interest and utility behind it.

As you can see, a lot of updates here shows how much exchange tokens are growing and it’ll be exciting to see how they evolve next. So guys what do you think will lead next?

A lot has happened in the Bitget ecosystem, honestly I was surprised to see the price surge. When you created this topic, the price of Bitget Token (BGB) was still around $7, and today the price has continued to grow to around $8. I believe that this increase is also driven by the hype. If the price of this token continues to grow in the next few months, I've no doubt that it can almost match the market cap of BNB (BNB). Do you think Bitget Token (BGB) can reach $10 in the last days of this year?

If there are no news and events to make it dip and correct itself - maybe not, but only time will tell.
Till it slides with the up in the price - everybody will be happy and FOMO will surge due to it around the token itself.

MAAManda

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Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

But one of the most interesting moves this year has been the merger of BGB and BWB tokens. This merge has simplified things for users and BGB’s price shot up from $1 to $7.3 this year showing the growing interest and utility behind it.

As you can see, a lot of updates here shows how much exchange tokens are growing and it’ll be exciting to see how they evolve next. So guys what do you think will lead next?

A lot has happened in the Bitget ecosystem, honestly I was surprised to see the price surge. When you created this topic, the price of Bitget Token (BGB) was still around $7, and today the price has continued to grow to around $8. I believe that this increase is also driven by the hype. If the price of this token continues to grow in the next few months, I've no doubt that it can almost match the market cap of BNB (BNB). Do you think Bitget Token (BGB) can reach $10 in the last days of this year?

Iamcrypticguy

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Quote from: Charles-Tim on December 26, 2024, 11:59:55 AM

Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

But one of the most interesting moves this year has been the merger of BGB and BWB tokens. This merge has simplified things for users and BGB’s price shot up from $1 to $7.3 this year showing the growing interest and utility behind it.

I can remember when the price dropped to $0.5 and now at $7.25 after it increased to all-time high of $7.93 not quite long. The daily candle sticks for today is longer than. Those that I have seen before is only indicating the start of bear market for a coin. Or it can indicate that a coin has gotten to its peak for now. All I can see now is that it is not advisable to buy the coin again for now.

Could be the fact that the token is reacting to the merge with BWB/ Roll out of new onchain & off chain uses cases plus burn mechanism announcement. Don't you think so??.

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Quote from: Charles-Tim on December 26, 2024, 11:59:55 AM

Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

But one of the most interesting moves this year has been the merger of BGB and BWB tokens. This merge has simplified things for users and BGB’s price shot up from $1 to $7.3 this year showing the growing interest and utility behind it.

I can remember when the price dropped to $0.5 and now at $7.25 after it increased to all-time high of $7.93 not quite long. The daily candle sticks for today is longer than. Those that I have seen before is only indicating the start of bear market for a coin. Or it can indicate that a coin has gotten to its peak for now. All I can see now is that it is not advisable to buy the coin again for now.

Don't we need to wait for it to drop to do it?

Charles-Tim

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Quote from: R1dwanRz on December 26, 2024, 11:30:08 AM

But one of the most interesting moves this year has been the merger of BGB and BWB tokens. This merge has simplified things for users and BGB’s price shot up from $1 to $7.3 this year showing the growing interest and utility behind it.

I can remember when the price dropped to $0.5 and now at $7.25 after it increased to all-time high of $7.93 not quite long. The daily candle sticks for today is longer than. Those that I have seen before is only indicating the start of bear market for a coin. Or it can indicate that a coin has gotten to its peak for now. All I can see now is that it is not advisable to buy the coin again for now.

R1dwanRz

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As we all know, exchange tokens are becoming an increasingly important part of this ecosystem, offering many utilities that go beyond trading fee discounts.

If you have been keeping tabs then you know tokens like BGB, BNB, OKB and others have seen some massive updates recently shaping the narrative around their long-term value and utility.

BNB is still leading the way with everything and participating in new token launches. OKB has also been stepping up expanding its role in partnerships and DeFi projects.
But one of the most interesting moves this year has been the merger of BGB and BWB tokens. This merge has simplified things for users and BGB’s price shot up from $1 to $7.3 this year showing the growing interest and utility behind it.

As you can see, a lot of updates here shows how much exchange tokens are growing and it’ll be exciting to see how they evolve next. So guys what do you think will lead next?

Topic: What's the current development around exchange' native tokens? (Read 154 times)