In preparation for the next bullrun, which exchange token are you considering in addition to BTC and other altcoins?
Exchange tokens has been an integral part of cryptocurrency since the launch of BNB in 2017.
Currently ranked 4th with a market cap of over $35B ahead of major popular altcoins, one couldn't just overlook the potential of this exchange tokens especially as we prepare ahead of the next bullrun.
Well it might interest you to know that BNB was launched for a penny at $0.11 in July 2017 but went ahead to touch $686.31 in May of 2021 but currently trading at $233.07 ATM.
In order to position myself properly ahead of the next bullrun so I wouldn't miss out on anything, I am currently DCAing on BTC and other altcoins like KAS, TIA, TAO, XRP, SOL and a couple of others but I still need to add one or two exchange token to my portfolio and that's where the headaches set in.
In my little research, I found out that the growth and development of an exchange ecosystem is a big factor that could drive the native token and potentially make it surge but aside Binance, I couldn't really figure out any exchange that has been extraordinary whose native token has the capability to bring the desired ROI in the next bullrun.
Do you guys know a few exchange with native tokens and if yes, what has the growth of the exchange been like over the last 18 months?
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Obviously BGB seems to be the winner atm and i hope it keeps the momentum for as long as possible just like bnb performance prior to previous bull run and after.
I'm heavily stacked on BGB, it has similar potential as BNB in its early days considering how it has grown and the parent exchange's (Bitget) growth too
Hahaha! Sharp trader, I learnt that it hit a new ATH recently which I think it's good to DCA pending bull run.
While I am unable to suggest any one currency in particular, I can advise you to monitor developments in the industry. What I do is find a reliable exchange that doesn't face regulatory issues, and I look at how frequently they use their native tokens and the opinions of other cryptocurrency traders, such as myself. One of the native tokens I took interest in recently reached its ATH you can check Coinmarketcap to see, which excited people, so I'd say DYOR and keep an eye on the community and traders comments.