Quote from: Jegileman on April 05, 2024, 08:12:27 PM

Quote from: TheVeteranAngel on April 03, 2024, 03:20:04 PM

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.

When we are discussing about investment, I don’t look at them as a single entity base on where they originate from but see it as a general term for all cryptocurrencies. Just like any other crypto asset that are not native token of exchanges, they experience volatility and they can either go up or down in prices base on what the market is reacting to. Exchange tokens are not bad tokens even though they are all altcoins in general, but investing in them should be at the risk of the exchange not collapsing or having a negative news been attached to it. The can easily react to news that talks about the exchange either a positive or a negative one.

If I am to invest in an exchange token, it will always be that I take profit timely because of how volatile they are and does not only obey the market trends alone but also other external factors can easily affect it and crash to a very low level unexpectedly. To be safe with them, try and take profits when you see one and be conversant with news surrounding those exchanges, both good and bad news because that is what will give you an insight of when to stay in the market longer or leave the market immediately to avoid loss of funds as a result of those news.

You have a solid take here, good one. Cex tokens indeed get affected by a lot of external factors, making them slightly more troublesome to deal with especially in long term trading. But on the bright side, they can be real goldmines when the particular cex they're associated with is consistently performing well and getting great customer reviews. I'm guessing that's part of the reasons why $BGB has been healthy recently. The project's overall performance has brought more attention and thus more investors into their ecosystem.