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?
Binance still seeks the center of my attention from the beginning until now. Binance is the biggest market right now so it is very likely that BNB will increase further in the future. I really believe that BNB will continue to grow in the future because I remember many people's need for BNB to carry out various transactions. Bnb will find its new ATH again this year.