Re: Could BGB Emerge as the Dark Horse Driving the Future of Exchange Tokens?

Do you think that’s feasible, or am I getting ahead of myself?

I do think your prediction is fasible, but reaching $20 before Q2 next year is too good to be true. I'm not underrating BGB token and its utility, the problem is that Burn mechanism will occur periodically. Recently, 1.02 billion worth of BGB burned, but it gives no impact to the price. In fact, it's depreciated a little bit just after the announcement of burning the tokens.

Nevertheless, i'm still feeling so bullish for the long term as per the latest announcement. BGB will be burning until there will be only 100 millions token circulated in the market. Let's say the current supply is 900m,, when it's gonna be burn until 100m means 8/9 of supply will be burned. It's possible to expect the price to perform at least 5x increase for long term.

Things get better when BGB will be also used as a governance and gas token in Morph network.

Yes, it is. Me saying $20 is speculative, but it's a possibility. Imagine if the token expands to more blockchains—this would mean more Payfi utilities and more exposure. I like your prediction, and I'll be paying close attention to this token. I missed BNB when it was below $30; I’m not missing this one, ahaha

Yeah, exchange token is basically having very good fundamental. The more features will involve the token like Binance did, the better price action to be showed by the token. Just hold it, and always farming yield from candybomb or launchpool. It's always good by holding exchange token, we always be served the cake everytime as exchange sites will always be concudcting the airdrop for its users.

It likes a win win situation. Cheesy

Exchange coin holders do have the opportunity to receive airdrop allocations if a project partners with their exchange and allocates coins to their holders. This happens frequently. I own a small amount of BGB, but the exchange still rewards me. Although the value isn't much, they are certainly committed to it.

BGB's market cap is still smaller than BNB's, and it likely has the potential for gradual growth. Given how BGB has held its support for quite some time, or if it's still in a sideways phase, this presents an opportunity.

Furthermore, they also have a token burn program, which will boost public confidence that BGB also has the potential for significant price increases. They have very strong fundamentals as a CEX.