Reasons why exchange coins moving up..

[Psynthax]

I think the exchange rate hike is due to the strong price increase, Another reason is that okex launches its own blockchain and DEX makes OKB reach new heights, thereby promoting the coins of other exchanges.

OKB was still in the hype caused by the launch of its own blockchain but what has already done by okex is very similar with binance and i think if okex was doing what has been done by binance before.
The fact if exchange site token gives more guarantee rather than native coin.

[1713852459]

1713852459

[1713852459]

1713852459

[1713852459]

1713852459

[1713852459]

1713852459

[Vishnu.Reang]

After all the scams involving shitcoins over the past few years, users have now come to a conclusion that only coins having real life usage can be trusted. And when we talk about real life usage, there can be no better example other than the exchange coins. And this is one of the reasons why many of these coins such as BNB and Huobi Token have gone up steeply during the past few months.

[coin-investor]

Its good move if one wants to invest in exchange tokens or coins, but not all of these coins are good, binance coin (bnb token) is very good in value today because the team put the token at good use on the exchange, it all depends on the team's move

We used to have hype in exchanged based token and there were so many exchanged based token, launched in the past, but after getting funded they are all gone and did not even bother to set up their platform, some of these are Adab, Bitmillex, Ironx Xera the list is very long and so many new coins based on exchanged are still coming up, I don't recommend investing in these kinds of projects.

[imstillthebest]

this didnt happen when btc moves up but  before when btc is still down , there was already a huge demand on these type of coins and yeah they pump extra ordinary  . a few that i witnessed pump over 200 percent was , bnb coin . no exact reason behind this   .  lets assume they pump because they are backed by big exchanges   . thats it   .  the exchange can manipulate the coin or they can make a gimick like for example if those who hodl lots of thier coins will earn some gifts .

[Hamzy7455]

Its absolutely good in opted in for exchange tokens or coins, but only few are worth it due to thousands of project with poor team, BnB,hob etc are doing good because of efforts of the team

[Bezobraznike]

-snip-

Actually there are many exchange making thier own coins just to follow what binance success story.
Having thier own coins and make thier own demand is what binance do to BNB.
But those copy cat do not have anything to offer other than you can use it to thier exchange and lessen the fees for widrawal.
There are many of them even new exchange before they launch make thier own coin to think that they can also earn money having that.
success of binance  (BNB) will not gonna happen to other exchange unless they invented other use of thier coins and can also list to other exchange.

   Rodeo02 I agree with you, other exchanges are trying to do the same as Binance, but with the right we can doubt that
Binance success can be copied by some other exchanges. What can they invent? Holders of the exchange coin have
dividends, some benefits for trading and that is it.
    My point is that Binance is doing it, other exchanges trying to do the same, so hype is not over. Maybe we will see some
surprises and new inventions in the future, we need to be opened for stuff like that.

[TheGreatPython]

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..?

I know if you pay your trading commission with BNB then you will get discounts. Is this kind of option available with all other coins that you have mentioned? If so, then there must be continuous buyers for them and the exchanges which are collecting the coins as fee may not dump back so that their coins will reach some considerable big values in short period of time like how BNB has achieved.

Recently the binance's sister concern wazirx launched their own exchange coin WRX but not specifying anything about its application like trading fee with discounts. If exchanges launches their coins/tokens as fund rising method then they get dumped over the time but if they open doors with any possible application (like BNB) then there are more possibilities for those coins to get bumped regularly.

[Mealea]

Exchange coin is one good coin. Exchange coin can bring a lot profit if we can hodl for a long time. It is one good coin that everyone should invest into.

[chennappa121]

Yes you are right bro it all depending on the exchanges reputation in crypto market because if we invented good reputation crypto exchanges coins or tokens like a bnb, okb and some more those will gives good retrains when the crypto market in bullish. so we have to choose the good exchange coins for investment.

[jerrison]

investing in xchange token is more than considering the roadmap o the excahange and also the timeline, it is even more than the liquidity the exchange has, these cases have been noted to be undeniable in the example of Bittrex exchange that has enough liquidity but then, still it has challenges with innovation and considering the dimension of the technology and how to solve the challenges as they arise because every solution provided has in store a new challenge and that is what the Binance exchange holds that makes it a step ahead of others.

[jacafbiz]

To be sincere we all know that exchange tokens are some of the selected few projects in the space that have real usecase, and when volume start building up and increasing on exchanges the way it was this month, the trading activities increases, the usage of these tokens increases and so is the demand for them because people want to make the most of the incentives of using them for paying transaction fees

[crzy]

Currently investing in coin exchange is indeed very profitable, especially with coin exchanges which are now popular or used by many people, such as Binance and Kucoin.

These coins is the best as an alternative with bitcoin and eth. I do invest on BNB since they introduced the IEO and their own technology, from there I earn big and that makes me believe that having a good system can boost up the value of your coin and its really one of the sure investment to take profit.

[Thomas-s]

Exchange coin is one good coin. Exchange coin can bring a lot profit if we can hodl for a long time. It is one good coin that everyone should invest into.

not all exchange coins will be good, so you should choose what to invest in as well as in any other altcoin. You also need to follow the events that occur on the exchanges. any negative news can destroy the coin, because it is completely dependent on the exchange. Exchange tokens are the same altcoins that require deep analysis

[alani123]

One of the good things with exchange coins is that they have the opportunity to have a slight deviation from major coins when prices are falling under a bearish market. Their utility makes them useful even when prices are falling, as they serve a purpose of decreasing fees and earning through the exchange via volumes, not just crypto prices. So increased volumes, even under a falling BTC price, would have exchange coins more protected other than other altcoins which are known to be greatly correlated to BTC.
But still, there's big correlation. Bearish sentiments sweep markets and so do bullish sentiments. Maybe when prices rise exchange coins could have the upper hand though.

[sangjoewara]

Exchange coin is one good coin. Exchange coin can bring a lot profit if we can hodl for a long time. It is one good coin that everyone should invest into.

What good coins should everyone invest in? because there is also a coin exchange that is not good even though we want to struggle for a long time, this is what we have to be able to sort out, so we don't think all the coin exchanges are good.

[aemma]

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.

[awakpane]

In my opinion, BNB, OKB, BIX, and HUOBI are indeed good investment coins, not just now. for example BNB, besides having its own exchange, this coin does have good potential for investment. especially now that they continue to pump up significant prices. I think this is good news for investing in one of these coins.

[Barbut]

Two reasons: 1. More traders, 2. Burning! With more traders on the exchange, more commission charged, higher the volume, higher the payouts. The second reason is burning, some exchanges are burning their coins and cutting the supply, that affects the price.

[joinfree]

The reason why exchange coins move up regularly is the liquidity and demand that is created for it by the exchange platform. For instance, some exchanges offer reduction of fees for users who trade using the native coin/token of the exchange as fees. In addition, others also burn some of their currencies from time to time to reduce the amount of their coin in circulation. Consider Binance coin for example, they burn some of their coin periodically and this has contributed in its price growth.

[ballerin and giroud]

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..?

Lets say those exchanges are successful to attract many people to use their platform and as an income their own token will up because there will be many people who believe that the token is a good to be use for their investment place. But I doubt when there are some new exchanges that popping up and have its own exchange, I think that hard thing to do to choose the coin/token to be use for an investment because we don't know that the exchange is not a scam. I think if you are interested to choose an exchange coin then you should choose some exchange that have been known and have good reputation on this place.