What is the best exchange investment for a newbie? I am looking for an exchange either CEX or DEX token that's good for long term hold, I can only find BITGET and DODO, which one would you advice to go for?.. Already had BNB so no need to talk about BNB.
Exchange tokens are high risk right now because the SEC is pursuing legal action against several exchanges right now. Tokens like BNB could lose up to 90% of their value from here. Privacy will do well in 2023 due to increased regulations over crypto and that's why I'm bullish on Dero and 0xMonero. Most people are moving to DEXs to trade, especially after the recent issues with centralized platforms like Voyager and Celsius. Tokens like BOO and CAKE could be a good buy. When DeFi launches on the internet computer, that will pump ICP as well. This should happen in Q4 so look out for it.