Bitcoin Forum

Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind

Frankly; i think investing in the top gems, top exchange tokens is the way to go, so i would say your focus should be on the likes of kucoin shares token of kucoin, okx or gateio exchange tokens. Also it is important to dyor and figure out the right time to get into positions for the tokens.

I see no point in investing in crypto exchange tokens, if I understood you correctly. Cryptocurrencies now have very big risks and it is not clear how the regulation from the SEC and the governments of other countries will end for them.But if you have good analytics for short-term manipulations, then I will not give advice.

I've never heard of Chainge before. After checking out their website, I noticed that their daily trading volume is quite small, often not even reaching $500,000. Not interested in buying until they start generating more volume. However, I do think CHNG has a better tokenomics compared to WOO, with regular quarterly token burns. Also, WOO has stopped all burning mechanisms currently as they're revamping (https://woo.org/blog/en/woo-tokenomics-revamp-q1-2023) their tokenomics.

If you're looking for CEX token, I would recommend going with Binance Coin (BNB). Binance has been dominating the CEX space with notable growth. According to CoinDesk (https://www.coindesk.com/markets/2023/01/04/binance-led-market-share-in-2022-despite-overall-decline-in-cex-volumes/), its market share went up to 67% in December 2022 from 49% in January 2022.

For DEX token, I would definitely go for Mango ($MNGO). Yes, they were exploited in October, but all users were already made whole. They still have $27 million worth of USDC sitting in their treasury, which is more than MNGO's current market cap ($20 million). Additionally, the new v4 is already in alpha and they're also building a mobile Solana wallet, which is also in closed alpha. From my point of view, it seems like a no-brainer buy considering the $27 million USDC treasury they have.

I don't know but sometimes some people still think that investing in crypto exchange tokens is still profitable,
actually it comes back to each person because they certainly have their own views,
not everyone also has good analytics because it requires high knowledge and understanding as well.

For me going on with top exchange coins are the better and safer one especially they are been used for a long time and you can feel the benefit of holding on their tokens. Examples are binance and kucoin tokens, usually these have a lot of privilege if you check it out. Though the reward ratio for investment isnt that high anymore since its really far from new platform that has a very early price now. But the trust for these platforms are solid and gone too high now.

I suggest you add MX token to your buy list. MX token has an infinity total supply and its listed on very good exchanges also. But I suggest you buy on the MX exchange because it has good volume there and you can also convert assets tokens to MX token.
My main reason is, MEXCglobal global might start working on thier own blockchain anytime and token holders will surely benefit from that.
The infinity total supply of thier token is also an hint that there will probably be a MX chain as time goes on.
Just search for MX on coingecko to get more info on the token.

Agreed. I was thinking like that for quite some time and never bought BNB or something like that. Can't see it as a good idea in the long-term. Especially with low-cap exchange tokens.

I am observing Kucoin right now. Seems Kucoin is the underdog here and if you take a look also how this exchange exist a very long time ago and you will see that there are still no other issues for this exchange, like hacks or anything.
And it also has good risk:reward ratio, just incase we will go back again to its all-time high again.

I made a nice profit with Kucoin shares, but I bought mine years ago when the price was around $1... I guess it could be even more profitable for me if I sold when it was over $20.

Well, the Kucoin price is moving between $6 and $8 for a while... I like Kucoin more than some other exchanges, and I will probably get into KCS again. I think it has potential to rise in the future.

I will prefer woo network over change. Woo is a good exchange site and the potential to be a big exchange site someday. I rarely heard people talked about change and investing in such token was biggest mistake that you can make it. You shall make comparison between both but woo token is far popular compared with chainge. I think that you can see that based on how many daily trade volume that owned by both. Volume means demand for the exchange site.,

I don't know them and I won't give any recommendation on what you should purchase. Yeah, there's the known BNB and many are invested on it. If you're for the exchange tokens then you should the one that has the market already and huge volume.

But instead of buying them, why you don't want to buy bitcoin to add to your portfolio. It's the best choice that you can ever make if you're thinking about huge profitability because bitcoin is no doubt that's going to be profitable for the next bull run.

I have a piece of advice for you, if it's good for you then trust it, but if my advice just makes you distrust then that's okay.
for a season like today you don't need to fill your wallet with tokens that don't have a great future or lack of use cases for those tokens. it's good for a season like today you need to fill your wallet with tokens that have been listed on many exchanges and are sure to have a bright future, for example Cardano, Ethereum, Matic, Bnb and Bitcoin. I think the crypto that I mentioned will be able to make you profit.

Yes it makes more sense to build your portfolio with the known exchange token first before investing in the new ones. Most of them are still down from ATH so it should be a good entry point. You still have time for a good base for new exchange tokens

It is good advice, invest on the top gems than taking big risks. In the past there arisen a situation during which investment over exchange backed tokens were on the reach. Further the investment on wallet backed tokens have turned to be a trend. Even now in my opinion to invest on self custody wallet based tokens were a good choice.

Sadly i don't own any Binance myself but i think most of us will agree that Binance is the biggest exchange with the most influence in the crypto space. For some people Binance even has to much influence already and i agree with that. I think it is never good if a single company becomes to powerful in a certain area. Also i think it is already pretty late to invest into Binance. For 5 years or so, you could buy BNB for 1 Dollar or so, so i always have a pretty hard time to buy it now for 300$.
I also think, like many others in this thread, that kucoin is also a very big and also reliable exchange and it only has less than 1/50th of the market cap of Binance.

I have never heard of Chainge but for Woo it is an interesting project because it is a combination of DEX and CEX, if I had to choose between the two, I would choose Woo. But I think investing in altcoins during this period is very risky. If you love exchange tokens, BNB or OKB are much better tokens, and their returns in the next bull season will not be bad if you accumulate from now on. It is not yet time to invest in new tokens.

Yes, it's true that investing in top tokens like Bitcoin or Ethereum has more good future prospects, especially since the top two assets are coins that are highly sought after and liked by investors to be able to invest their money.
If we invest in a new project token, it actually carries a very high risk and it is not clear how successful it will be in the future, so it is better to choose a token that has clear success.
Do not let us fail in investing and lose investment assets just because we are tempted by profits on new projects that are not yet clear.

True. The lower the coin, the more risk comes with it. It's not bad to buy high-risk coins, you just have to accept it.

I only know LCX too. I think this was also a new one but this one seems better than the other two that you listed there because it gained an immediate attention. If I were you OP I won't hastily invest on them but I will observe their performance first.

If proven that they seem to do well and they slowly being talked about by the public then that must be the time to invest on them but as usual, you must only invest enough or according to your capacity because this was still an exchange token. They easily can get affected if ever something bad happens to the exchange eg hacks, issues with the governments and worst if they themselves turned into a scam.

I believe you're saddened by the event of FTT and its inglorious collapse. Who wouldn't be. Nonetheless, we should note that there are also other exchange coins doing well that aren't scam. There's Kucoin, apart from BNB. BNB opened the floodgate for exchange coins to gain prominence. I recollect how some of us post-2017 delved into buying exchange coins, seeing the great run of BNB. I remember stocking up exchange coins like Tidex, HTB and a few others I can't remember now. As it stands now I don't know what exchange coin to recommend now that I know some of these present exchanges are fraudulently set up.

Lately it is believed that exchange coins can survive in the market for the longer time as long as the exchnabe exists due to utility of the coins and availability of a community. There is no doubt that there are exchange coins that are doing well and there are some which disappointed like Ftt.

If I am interested in altcoins, I would go for exchange tokens and casino tokens.

There are people who have a challenge to buy coins that may make a big change in the future. you can not guess about what will happen with the coin. if the team moves again and comes up with a new way to raise the coin maybe something new will happen later. This all depends on the team that really makes these Altcoins have meaning or value.

This isn't even something of "lately". It was the conception during the early days of the tremendous achievement of BNB like I stated earlier that led to investors rushing and buying them. Sadly, most of those exchange coins didn't perform well. I think there's no much catch in that direction now, except if BNB is able to record another ATH and then investors will begin to chase cheaper ones with the expectation that it will also do what BNB is doing.

Well, you've to be mindful of what exchange you're buying from. Don't invest in exchanges with low rating.

Well, I kinda feel attracted towards the tron token, it just continues defying the bearish market I means it was already at rock bottom but refused to sink as much as all other tokens.

Y'all talking about bitcoin and Eth but no one is talking about Ada of cardano ecosystem, solid developments in that sector it's really amazing.

That should be the case for the new exchanges that are introducing their coins for the first time and for the early times because we all know how bad it turns out for the others because they were believing the hype and they think it would last but at the end of the day, the exchanges and their coins both crashed and didn't recover again because of the severe bearish market. That's why it's really better not to jump to any conclusion and consider checking every detail and the road maps if they really following it and the team behind it if they are really legit because some of the exchanges in the past disappeared along with the cryptocurrencies deposited in their exchanges.

I recommend to go with BNB, KCS and WRX. Out of these 3, KCS and WRX are trading at good price levels to get into. Wazirx is an India exchange and due to government's new taxation rule, their token is trading 10x lower than ATH hence it must be a right time to accumulate to enjoy 2x to 5x easy profits.

KCS was trading strongly around 0.0005BTC for long time but right now trading below 0.0035 levels hence bounce back may happen at any time which means current period must be a right time to enter. (Also they provide daily airdrops of KCS if you hold KCS within kucoin exchange).

Are you following them from their beginning? Is their any facility available to crosscheck about that $27M USDC holding in treasury. I never heard of mango dex before but suggestion leads me to think about investing in mango.

There are so many top projects native coin on the market as like BNB,KCS,OKX those are profitable if want to stakes or others way to make money but i would not like to recommend such new coins investment, it seems huge risk right now. And i think you should invest others promising coins which is reputed and old project not exchange coins.

I think anyone wants to invest in cryptocurrency so my advice is that first they see the project roadmap and more important points and according to my experience is that invest in great concept project and strong project so you will receive definitely some profit.

I would not invest in either one of those tokens as I doubt their tokens will have the success you are looking for, if I were you I will invest simply more money in the tokens I have already selected, so if you think LCX will make it big in the future then put more money there, at the same time do not forget to increase your holdings of bitcoin and BNB as even if the gains could be more moderate it is never a bad idea to diminish the risk your portfolio is facing.

You are not looking for a profit actually but instead, losing your money.
Honestly, I'd never see any reason why these coins are good for investment, or even to say which is better is something uncomfortable because none of the two are worth investing with. Better to stay away from them OP, don't get fooled of what they have said during their marketing because shitcoins can't give you profit but a risk of losing your money in end.

to be honest, i've never used those exchanges, so yeah, better think again about your options here. if the exchange is not popular among traders, think of its longevity in this business. if you will go into exchange token, better invest on top exchanges instead.

I recommend $WOO for the upcoming great exchange and $MX from Mexc which is right now the best gem-finder of the market and has plenty of events that make interesting the investment there!

I am still expecting the scare in investment exchange token after FTX scam but I think decentralised exchanges might need to do many exchange. BiB, osmosis exchange,raydium token, I expect massive influx Dex investoe

There is this exchange token called CET, it's the exchange token for coinex exchange, their marketing I think has be superb and as more eye sees it it'll move.
Secondly it has its own blockchain already, I usually rate exchanges that owns it's blockchain higher than others.

Why not try and check the top exchanges in CMC?

https://coinmarketcap.com/rankings/exchanges/

Then find the exchange that you are interested in investing, and you can buy those tokens. Maybe that's an easy way to see this.

Why invest in exchange token that has no real utility or use case? All those exchange tokens are centralized and the price can be easily manipulated by the exchange. And don't forget the high risks involved when investing in exchange tokens. I hope you did read about the FTX collapse. Look at what happened to the token as soon as the exchange went down.

Why not invest your money in some other coins? Better to invest in bitcoin and other top well known altcoins. You will get better returns in the long run and less riskier than investing on exchange tokens.

I would guess that people take a look at the success the binance coin has obtained over the years and they want to invest in the coins of other exchanges hoping to get the same performance, will this strategy work? It is difficult to know because as you mention the token of the FTX exchange was also very popular and had a very high value and then everything was over relatively quickly, however even if I would not take the risk by investing in those coins not everyone shares my mentality, and they are willing to do so as long as they believe profits are likely to come their way.

how about just adds more investments to the exchange tokens that you are already invested for the simple fact that they are losing their vlaue so much already, because honestly nowadays exchange tokens requires trust and it seems that trust have gone with the recent crashes of various exchanges out there which has caused massive decrease in trust towards these exchange tokens but the existing exchanges which disclose their reserved funds allocation like BNB are definitely gonna strive once bullish finally settles in.

Capitalisk https://capitalisk.com/ is relatively new though its DEX has had a couple of markets running for over a year without issues. $360K market cap.
Also, its value is relatively stable as it's backed by forging rewards from votes on the Lisk (DPoS) blockchain.

Tokens can be purchased through its own DEX from the Lisk or Ark blockchains. It's not listed on any centralized exchanges.

If we talk about exchange token, for me KCS(Kucoin) is okay for me. But this was way back in 2017-2018,
Because in those days when you had any balance of KCS, your token was increased every day like a staking, but what I know now is that it is no longer implemented like that by the Kucoin platform.

After this, I don't see any good token exchange other than this and Binance or BNB.

Nothing is guaranteed in cryptocurrency investment, it’s exchange token or others. But if anyone want to invest in exchange tokens definitely i would like to recommend top exchanges token such as BNB,KCS,HT & OKB, these are thousands time better to instead of new exchange tokens.