this year has been quite turbulent for some altcoins, especially exchange tokens. I've invested in a few and performance-wise, only a handful of them have shown decent growth throughout the year. How about you? Do you have any exchange tokens in your holdings, and what are your thoughts on their market performance this year? Let's discuss our experiences and perspectives on how these tokens have been faring in this volatile market.
I had some kucoin tokens before the start of the bear market and they have done very awful but that's because the market is bearish for all cryptocurrency so I'm not bothered but I'll be selling them to buy more BNB, the current value of BNB is very attractive because BNB is a good project as it has utility with Binance exchange as you can use your BNB to pay for less fees.
Also you can use BNB to get slots for Launchpad projects and Binance exchange has some of the best launchpad project because there are many investors waiting on the exchange to list the launchpad project so they can buy and hold. All launchpad project on Binance does very well when they start trading and this add more money to investors of the projects.
All exchange tokens will be performing badly as the rest of the market is performing badly, now isn't the time to look at how a coin is performing but a time to use in accumulating all the project that you have interest in because during the bull market they'll do very well and if you didn't buy them now, you'll regret when they're giving big profits to those that invested in them.