Choosing the best cryptocurrency to buy often requires a comprehensive approach, considering factors like market cap, liquidity, fundamentals, community, ecosystem growth, etc. I just got into a fix trying to figure out the smartest pick for my portfolio whether to go with an exchange token or a crypto wallet native token.
I know in theory, a crypto wallet is often considered better than an exchange in terms of security because it gives one complete control over their private keys and funds while exchanges are more convenient for trading. However, they offer greater risk because they control one's keys when their assets are on the platform.
Following the recent BWB Airdrop, and the anticipated launchpad on Bitget which is the platform's first launchpad of 2024, would you consider investing in the wallet token or opt for BGB, the exchange token itself which is becoming more established?
See details:
https://cryptopotato.com/bitget-wallet-token-bwb-makes-debut-on-the-bitget-launchpad/I would be glad to read your opinion on these.
Choosing a cryptocurrency for long term requires through research of its potential to market its use case, the team behind this project and credibility of their projects launch in the past. Investing in native tokens is not bad idea but their performance primarliy depends on the performance the exchange who is backing them, BNB and KCS are good examples of native token with impressive historical record of performance when supported by exchanges. Both of these coins can be considered for investment. DYOR