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Author Topic: Reasons why exchange coins moving up..  (Read 370 times)
davinchi
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February 12, 2020, 02:04:09 PM
 #41

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 saw that they are also starting to move upward as I visited if what happened to BNB price and upon looking at it's chart it's price almost doubled already in less than 2 months.

Upon checking Jan 1 - Feb12, the price of Jan 1 is 13$ and Feb12 is 25$. It only means that bull run is near as the altcoins are also pumping up aside from bitcoin. I haven't check the other exchanges but there is a big chance that they also grow as most of the graphs in coinmarketcap are pointing upward the same with exchange tokens and other altcoins.
Usually the prices for such similar coins backed by strong exchanges might run in a similar way. We might even expect a pump in some other coins like OKB, BIX, etc as even these are been supported by strong backed exchanges. Binance is one of the most popular exchange and that is what is doubling the price for their base token commonly known as BNB.

In few coming months, the price for BNB might even double the current price which might land up near $50 before the altcoin season arrives. We can't assume a exact price in case bull runs arrive because perhaps most of the people might cashout their funds from such coins to hold major altcoins like eth, btc, etc in terms of bull runs which might even cutback their prices.


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February 12, 2020, 02:13:46 PM
 #42

Hoping it is true.
Is there some kind of history to prove this? Want to read it.

A large percentage of users here might have an altcoin in their hands and it will make sense if we could analyze that it did happen.
I have no exchange token in my portfolio but hoping one of my altcoin will get a little hit from a price increase.  Wink
It's been a long time since I saw my coins made a good increase upwards.

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February 12, 2020, 02:20:23 PM
 #43

This has become a bullish trend this year so many coins have become stronger and prices have strengthened like bitcoin until now still moving.
I know BNB lag which has a good increase of the price of $ 15 and now has redeemed the price of $ 25 it means the market has recovered from bearish and we will take advantage of this increase with the percentage benefit you have.

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February 12, 2020, 02:28:30 PM
 #44

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..?
but i believe that this took no long before drowning back right?those Exchange coins are now not that profitable to invest.
and it is normal for them(those Big company that starts exchange and not those fly by night in which after a few months or years ended up scamming the users)
This has become a bullish trend this year so many coins have become stronger and prices have strengthened like bitcoin until now still moving.
I know BNB lag which has a good increase of the price of $ 15 and now has redeemed the price of $ 25 it means the market has recovered from bearish and we will take advantage of this increase with the percentage benefit you have.
BNB did a good growth but now i think staying normal like other currency is,thinking that Bitcoin is in growing position now.

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February 12, 2020, 02:37:32 PM
 #45

Hoping it is true.
Is there some kind of history to prove this? Want to read it.
If there is any kind of history to back this up, that I'm not too certain about, I've noticed that if market conditions improve, just as it has now, there are a lot of anecdotes, stories, observations etc on why X is so and why Y has taken this direction, this could just be a users observations, so just treat every info like this as being speculative, almost everything cryptocurrency related is anyway.
This has become a bullish trend this year so many coins have become stronger and prices have strengthened like bitcoin until now still moving.
This year hasn't started badly at all, if not for anything, it's beginning has been better than the last two years, can it be called a bull market just yet? I'm not an "expert" and I'll not be going too far to brand it just yet.

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February 12, 2020, 03:07:11 PM
Last edit: February 15, 2020, 06:29:01 AM by Rodeo02
 #46

- snip -
other than that many people is speculating that this year will be another start of bull market and those whales are now accumalating what they think is more valuable once its started.
Altcoin can give much more profit compare to btc thats why they are starting to accumulate now its a chance for them this is the reason why altcoin follow what bitcoin price movement .

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February 12, 2020, 03:27:28 PM
 #47

Its better to play safe, mixing altcoins with bitcoin will make you feel ease on the long run, some coins are better and some are bad, the best to stay away from are new exchanges tokens, they can be scam projects, I prefer OKEX and few other top exchanges

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February 12, 2020, 03:56:12 PM
 #48

I guess those exchange coins are also good for investment they just join the ride of bitcoin. The best exchange coins for me is Binance coin, it will reach $50 price for sure.

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justdimin
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February 12, 2020, 05:45:05 PM
 #49

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..?
Exchange coins are getting more popular among the new investors as well so the prices are really driving crazy. BNB is moving up vigorously which might be the sign that the alts seasons is arriving. The demand for such coins is usually rising because people find benefits in holding such coins which derives the price onto peaks.

Exchanges are the backbone of the decentralized markets and that is what makes them more popular because each and every investor/trader would always need a exchange to convert their funds and in this situation they would directly or indirectly use the coin used by that specific exchange(BNB in terms of binance) which would continue driving the price onto next peak.

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Marckolind
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February 12, 2020, 07:40:08 PM
 #50

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..?
Exchange coins are getting more popular among the new investors as well so the prices are really driving crazy. BNB is moving up vigorously which might be the sign that the alts seasons is arriving. The demand for such coins is usually rising because people find benefits in holding such coins which derives the price onto peaks.

Exchanges are the backbone of the decentralized markets and that is what makes them more popular because each and every investor/trader would always need a exchange to convert their funds and in this situation they would directly or indirectly use the coin used by that specific exchange(BNB in terms of binance) which would continue driving the price onto next peak.

Decentralized exchanges will take a great amount of the total trading volume eventually, because a LOT of people is sick and tired of all the KYC bullshit, exchanges freezing your funds, banning your account, or questions your incoming transactions for instance.

I'd much rather invest in a DEX coin, which will allow me to take part in the trading fees on the network, and earn DEX fee's passively, as I'll do on the Blocknet network soon (Once I've accumulated 5000 coins for a service node). Pretty much the reason it gained 300% the past month. Everyone wants a piece of the pie, I guess, haha.

On top of that, this project is working on a decentralized oracle network, which you can ALSO profit from by running a service node, win/win Wink
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February 12, 2020, 08:27:00 PM
 #51

exchange tokens will always bring good profit to their holders but people should not buy all the exchange tokens that are created. Now we all understand which exchanges are the best and I recommend buying only these tokens.

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February 13, 2020, 05:04:08 PM
 #52

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..?
A lot of people like to go for the trend because they feel that’s where they will make lots of money since when a token is trending the market price keeps increasing and investors would be gaining from it. It’s quite good to follow the trends if you can do that on time, but if not, then it’s probably not worth it because when you’re late everyone is dumping it on you and you end up loss.

Well, that’s going to happen anyway, there will always be people that will lose their money, it’s not everyone that is going to make profit from investing in cryptocurrency, and not just cryptocurrency, same thing with every other type of investment.

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February 14, 2020, 09:24:53 AM
 #53

Exchanges are using Bitcoin pumps to manipulate their coins' price easily. People are happy and inspired when other crypto coins are growing rapidly. Money flows to exchanges and the are making some manipulations Smiley

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February 14, 2020, 01:19:10 PM
 #54

I think, in part, it came from ico's success of the binance exchange when wrx was x3 when it started to open the list, and kept going up, gaining huge profits for investors, so many investors paid attention. pay much attention to ieo and start holding coin exchanges, especially in part, many exchanges have started to launch their own chain

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February 14, 2020, 01:31:35 PM
 #55

all cryptos can move and continue to grow because of the additional transaction donations every day. like the exchanger you wrote, it can continue to grow because they receive a continuous supply of transactions every day so they have increasing popularity and numbers. so the more transactions the higher the price of the crypto as well as the exchanger.

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February 14, 2020, 01:48:12 PM
 #56

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..?
That's normal for them to invest, because they think they could also get the profit by following the trend. To be honest, I would also do that if I have money and I find the right time to do it. It's not just on those top coins, even the not-well-known as well.

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Vishnu.Reang
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February 14, 2020, 02:16:06 PM
 #57

There is a lot of speculation regarding exchange coins and in my opinion, the vast majority of them are heavily over-priced. If you ask me, I don't think that a coin such as BNB can have a market cap of $4 billion. I would calculate its fair valuation at a much lower level. Investors are accumulating BNB, because they expect the exchange to grow exponentially over the next few years. Now this is a very risky investment strategy, especially with cryptocurrency exchanges.

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February 14, 2020, 02:18:38 PM
 #58

Would like to invest in exchange tokens but still they are all depending on bitcoin, I'm looking at huobi token but bnb token is the best yet maybe because its the most popular? I'm looking forward to catch new exchange tokens as well and watch them grow, so far no new exchange interest me

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February 14, 2020, 02:20:18 PM
 #59

Exchanges coin still potential investment, exchanges coins have bright future because their roadmap making for long lasting. For such many things we are wanna to invest an exchanges coins. These coins profitable for hype like as BNB coin, most growing coin in last year among all of those exchanges coin. BNB is getting large market for IEO projects, this hype now BNB is touch 4 billion marketcap.
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February 14, 2020, 02:30:22 PM
 #60

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..?

The hype around exchange coins died down, even though I benefited from exchange coins during that season. It's good to always follow the trend, the aim is to make profit lol.
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