Post
Topic
Board Nigeria (Naija)
Topic OP
Is investing in exchange tokens profitable?
by
TheVeteranAngel
on 03/04/2024, 15:20:04 UTC
If we are to consider the top 3 exchange tokens, Binance BNB, OKX OKB and Bitget BGB lead the race with BNB 5th, OKB 38th and BGB 61st according to coinmarketcap ranking.

Going by history, BNB was launched in July 2017 around $0.11 but reached an ATH of $686.31 on May 10, 2021 just after three years. Currently trading above $550, BNB has established itself as one of the top asset class to hold for many people coming into the crypto space. Can only imagine what to expect in this coming bullrun.

On the other hand, OKB was officially launched on March 2018 around $0.6 and have since witnessed remarkable growth reaching an ATH of $73.83 on March 13 2024 but currently trading around $56.63. That's quite impressive considering the listing price.

Lastly, BGB the native token of Bitget was launched on July 26 2021 at the rate of $0.05850. it gain adoption quickly and has been performing since then. The token has reached more than 15 new ATH from 2023 till date reaching multiple ATH in the last 24hrs. The current ATH stands at $1.37 but currently trading at $1.319. With a current mcap of almost $2B, the price is relatively low compared to the first two making it easily affordable to buy and hodl for future gains.

Although there are other exchange tokens that are also performing well but this three looks the best investment option looking at their respective ecosystem growth hence I feel they are good investment option with growth potential but I will like to hear your opinions. Do you HODL any of this tokens and what are your price expectation ahead of the upcoming bullrun.