Reasons why exchange coins moving up..

[RealMalatesta]

As long as exchanges hold the power their coins will continue to rise as well. Right now it is estimated that all exchanges combined "owns" over 10 million bitcoins which we already have just 18 million total, so they control over 50% of all crypto in the world and that is a big trouble but at the same time causes the exchange coins to go up as well.

If you gave power that much to any other person you would fear about the power they posses, think of a bank holding 50%+ of all the national fiat in your country, that is scary right, even the biggest of biggest banks do not have that type of power over any nation, which means centralized exchanges just have too much power and we have to show that respect towards their coin as well since we already gave that much respect by giving them our money.

[davinchi]

These exchanges you mentioned are good and therefore holding their coin is also a good move because with upgrades or improvements leads to more value and we all knows what it means for a token of be valuable. On the other hand, there are exchanges which has failed to make their own token attractive or stand out and therefore can't be compared to these ones aforementioned. So it's right to say, the type of exchange token we tend to hold is very important. In addition, I can say that, their increase in price can also be likened to the movement in the market which many other altcoins were part of.

These coins which are backed by exchanges are also used by the exchanges to minimize the trading fees which gets much helpful for the traders for cost cutting. This makes a lot of investors find interest in holding such exchange coins for their own benefits. This increases the demand for the limited supply of coins and it leads to price growth.

These coins would also have higher prices in the coming future as their demand would never depict and more and more new traders/investors would keep on joining these exchanges to create a secondary steam of income. This would drastically lead for a price pump. That is the reason why I love holding exchange coins.

[bearexin]

There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...

Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?

Usually bitcoins carry most of the altcoins along in any type of rally. Current markets are moving in ascending position which is even making some utility coins, tokens, etc follow the path open by bitcoins. This is been seen from a long time. The graphs for those coins you mentioned above are much similar to the graph of bitcoins. That is the reason why I mainly focus on the graphs of bitcoins to understand the trend and market movement.

Considering the 1 Day graph of bitcoins, a more bigger pump can be expected in few coming days which would also pump the price for major altcoins including he coins backed by exchanges. Usually people maximize the use of any exchange in terms of bull runs and this might be the another reason why such coins start showing huge pump.