I try my best to sometimes change my style of trading to focus on token niche sometimes and regroup to look for what works per season.
Memecoins are a form of token and you can further regroup them into BSC, ETH or Solana Tokens based on their build.
If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.
I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?
Source;
https://www.[Suspicious link removed]s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp
I have always pointed out that exchange token should be an option for investment particularly if the the token has multi-utility on its ecosystem. Bitget has seen a decent growth in recent time and BGB has also seen an increase sue case particularly with the inclusion of it as the staking pool for the newly introduced Poolx. MX on the other hand is benefiting from the exixsting utility in MEXC.
I also feel BGB, BNB, OKB and MX should be the leading exchange token atm.