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

[Iamcrypticguy]

I’ve always been a fan of CEX tokens and have posted about them here regularly — though a few times I’ve been called out for it, haha. Personally, I think they can deliver strong gains while being less volatile than many other tokens. Their growth tends to be steady and consistent, since the success of the exchange itself usually drives the value of the token.

Recently, some of these exchanges have started following a path similar to BNB, adding on-chain utilities to their tokens. I believe this makes them even more attractive to hold.

First, it was OKB; now it’s BGB (thanks to the partnership with MORPH Morph partnership announcement). I’m really looking forward to seeing how these tokens perform and what the next big development will be.

For my part, I’ll be adding more to my BGB bag right now. Hopefully, we’ll see the price hit $20 before Q2 of next year. Do you think that’s feasible, or am I getting ahead of myself?

[Charles-Tim]

Speculation board is for bitcoin. If you want to post something like this, it should be under Speculation (Altcoins)

For my part, I’ll be adding more to my BGB bag right now. Hopefully, we’ll see the price hit $20 before Q2 of next year. Do you think that’s feasible, or am I getting ahead of myself?

We do not know if next year would be bear market. Even if bitcoin is not significantly affected, we do not know how altcoins will be affected. Altcoins price are more volatile and the reason I can not hold BGB.

[Dunamisx]

For my part, I’ll be adding more to my BGB bag right now. Hopefully, we’ll see the price hit $20 before Q2 of next year. Do you think that’s feasible, or am I getting ahead of myself?

Am not also used to these exchanges tokens, but there's this sure probability of them being promising at the end as long as the exchange also could maintain its relevance and reputation from how it exists, after a long time, they may proof being profitable on a long term, but we shouldn't invest only on them, because other coins or tokens may be well to do during these periods we might be holding on the exchange tokens.

[asriloni]

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.

[Iamcrypticguy]

Speculation board is for bitcoin. If you want to post something like this, it should be under Speculation (Altcoins)

For my part, I’ll be adding more to my BGB bag right now. Hopefully, we’ll see the price hit $20 before Q2 of next year. Do you think that’s feasible, or am I getting ahead of myself?

We do not know if next year would be bear market. Even if bitcoin is not significantly affected, we do not know how altcoins will be affected. Altcoins price are more volatile and the reason I can not hold BGB.

Thanks.. seems it was moved for me.. appreciated 👍🏾.. hmm, but they're more reasons to hold than not to hold imo.. I'll say be careful & always take profits.. just like I do, I always fancy a risk free trade!.

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