As we enter 2024 with a bullish crypto market, exchange tokens seem poised for massive growth.
Exchange tokens tend to benefit greatly in bull runs as trading volume increases on their platforms. With many analysts predicting incredible gains this year, exchange tokens could be one of the biggest winners.
Some options that look undervalued relative to their top competitors include BNB, BGB, KCS, and HT. BGB in particular has shown tremendous momentum lately, more than doubling over the past few months and even hitting an ATH of $.79 today . The derivatives exchange behind it has quickly emerged as a top player.
Expanding functionality and use cases on various exchange platforms will likely expand demand for their native tokens.
Which exchange tokens are you most excited about for the 2024 bull run?
I personally look at BGB as a coin exchange that I look at and buy to fight in the upcoming bull run market and the BGB token is also quite often talked about in several crypto communities that I join in groups and BGB is rumored to be the next BNB, let's see fellow Binance has Ronaldo while BGB has Messi, two very influential people in this world, being brand ambassadors for one of the exchanges, it's no joke, something big will come in the future, especially Bidget himself, who made Messia his own BA exchange.