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Author Topic: Looking for new exchange token to add to my wallet  (Read 286 times)
Mpamaegbu
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January 24, 2023, 10:08:19 AM
 #21

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 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.

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January 24, 2023, 11:57:07 AM
 #22

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 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.

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January 24, 2023, 12:46:25 PM
 #23

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

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.

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.

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.

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January 24, 2023, 05:51:24 PM
 #24

~snipped~
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.
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.

Quote
If I am interested in altcoins, I would go for exchange tokens and casino tokens.
Well, you've to be mindful of what exchange you're buying from. Don't invest in exchanges with low rating.

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January 25, 2023, 06:06:39 AM
 #25

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.
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January 25, 2023, 12:47:51 PM
 #26

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.


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.

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January 25, 2023, 05:08:50 PM
 #27

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
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).

They still have $27 million worth of USDC sitting in their treasury, which is more than MNGO's current market cap ($20 million).
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.

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January 25, 2023, 05:18:43 PM
 #28

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
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.

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January 25, 2023, 06:27:26 PM
 #29

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.

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January 25, 2023, 08:36:23 PM
 #30

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
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.
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January 25, 2023, 09:50:23 PM
 #31

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
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.

R


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January 25, 2023, 09:54:03 PM
 #32

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
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.

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Nonstopspider
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January 25, 2023, 11:10:51 PM
 #33

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!
royalfestus
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January 26, 2023, 11:02:00 PM
 #34

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
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January 27, 2023, 01:31:55 AM
 #35

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.

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January 27, 2023, 01:36:12 AM
 #36

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.

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adzino
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January 27, 2023, 02:17:11 AM
 #37

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.

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January 28, 2023, 11:02:26 PM
 #38

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.
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January 28, 2023, 11:21:08 PM
 #39

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.

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January 29, 2023, 04:06:12 AM
 #40

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.
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