Quote from: Dimitri94 on November 23, 2023, 07:11:22 PM

Quote from: Tahid12 on August 25, 2023, 09:58:54 PM

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht), FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

Exchange based tokens don't fluctuate as much as other tokens do. I have been following the Ku coin exchange token for a long time and what I see is that when the market is bullish or when BTC goes up, the price of those coins goes up and when BTC goes down it goes down. In 2021 the token price of Ku Coin exchange platform was $17 per coin currently trading between $6. So these coins seem to depend a lot on the price of Bitcoin. If one wants to hold the coins of this exchange platform then one must hold for long term otherwise the chances of loss will be high.

Isn't that the case with every altcoin? As far as I know, altcoins follow the movements of Bitcoin and there can only be a difference in the percentage of their growth or fall but they move towards the direction where Bitcoin is moving and it's not just about exchange-based coins or tokens but it's the case with almost all the altcoins. I know that some altcoins might move without Bitcoin moving or in an opposite direction where the market is moving but such cases are rare.

And I believe exchange-based coins also move and gain value based on how much people are interested in them. Take BNB as an example, the coin managed to gain significant value because the exchange was successful and became the most used centralized exchange in the world which is the reason why people had trust in BNB and it gained great value over time.