Is exchange based tokens worth for hold?

[Sayeds56]

honestly it really depends, with this kind of tokens the performance and valuation depends on the exchanges themselves like BNB, whenever they have staking programs that tells them to stake some of the BNB the price went up, but if there's news surrounding the platform themselves in which giving negative impression the value of the token usually plummet.
i'd personally never gonna hold these tokens for long, at best just following staking program, its just not worth it. not to mention of suddenly the exchange asset got stolen or something similar to that.
i can be 100% sure that the value of token will just make a sharp down turn, there's just too many ways for these tokens to lose its value honestly that i don't think they are worth long term holding.

Certainly, the value of the native token of any exchange such as BNB largely depends on its use case and how the token is backed by stable coins such as USDT or USDC. I think that native tokens of exchanges are not worth holding for investment purpose.

We have witnessed the collapse of LUNA and FTX in the past within days, when they ran out of liquidity. These unfortunate incidents underscore the importance of transparent and responsible financial management of exchange to prevent such catastrophic outcomes,  

[bounceback]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss.

[leonair]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

I will compare the tokens based on these exchangers to a lot of bubble gum, they burst after a while. I would say that for those who are short-term traders, it may be good to invest in these tokens or coins, but for long-term trading, I would not suggest them to choose. Because if we see the FTX incident then everyone will understand. So for short term trading you can choose them but for long term trading Bitcoin will be the best for you.

[Rabbitqt]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

I've always done very well with exchange coins every bull run
 With BNB being the main winner.

[tengui]

I think exchange coins like OKB BGB or KCS are still worth investing in because the exchanges that support these altcoins still have very high trust from the public. Price drops are normal because other altcoins (non-exchange) also often experience sudden price drops. The most important thing is that you have to determine the best time to buy and sell because that is the key to investment success.

[strunberg]

If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss.

Yes, you are right. Basically, exchange-based tokens also have risks depending on the development of the exchange. We can see the case of the FTX exchange and most recently the Bitforex exchange which experienced problems and caused the value of exchange-based tokens to decrease significantly. But for me BNB has many advantages and they are the number 1 exchange in the world today.

[Kezacky]

Since the FTX incident I have been traumatized about investing in exchange-based tokens for the long term except only BNB. which so far I still maintain as a long-term investment.

[MeGold666]

Is exchange based tokens worth for hold?

No.

[Sophokles]

Since the FTX incident I have been traumatized about investing in exchange-based tokens for the long term except only BNB. which so far I still maintain as a long-term investment.

BNB is more than a exchange token. It is true that many people don't want to invest in any exchange token any more, but that is not the only reason behind the decreasing popularity of exchange based tokens. Only having discount on trading fees won't work to motivate people to buy those tokens, nor will the token sale be that attractive any more. There are countless other ways to conduct an ICO, and most of the projects are using multiple platforms for token sales. Exchange based token just lost their demands as utility based token.

[Rasa nanas]

I also think so, the only exchange-based altcoin worth investing in is BNB. However if we talk about BNB we are not just talking about the exchange that supports it namely binance, but also talk about the ecosystem and network usage which continues to increase. As we know, currently new projects on the BNB network continue to increase, and perhaps this is what makes BNB's position even stronger.

[trendcoin]

In fact, exchange tokens are always one of the best options, but as with any investment, it's important to be in the right place at the right time. In the middle of a bear market, we will lose money no matter which token we buy, even Bitcoin will lose money in such a period...

Exchange tokens usually move in direct proportion to the trading volumes of the exchanges. If customers come, we expect the exchange's token to start attracting interest. When I am building a large portfolio, I reserve a place for exchange tokens in my bag. However, it is important to remember that they are always a target for hackers. That makes them a risky investment...

[peter0425]

it is important to remember that they are always a target for hackers. That makes them a risky investment...

Additionally, Exchange tokens will most likely follow the actual performance of the exchange it is native on. Which in itself is a risk, I think. It could fall depending on the news or rumors surrounding the exchange which makes me think it is a lot more volatile than some altcoins.

[Godday]

Exchange tokens usually move in direct proportion to the trading volumes of the exchanges. If customers come, we expect the exchange's token to start attracting interest. When I am building a large portfolio, I reserve a place for exchange tokens in my bag. However, it is important to remember that they are always a target for hackers. That makes them a risky investment...

Exchange-based tokens have a very high risk because if the exchange experiences problems then it will impact the selling value of exchange-based tokens which will risk losing your money. Examples include Bitforex and several other exchange projects that did not gain popularity and ended up failing. In fact there are many exchanges that failed but we only see a few that succeeded like BNB or Bitget.

[DiMarxist]

I don't like uniswap but the others are okay with me. Investing in Centralized Exchanges Token is not bad and the most favorable ones are BNB, KCS, And also some of the casino tokens are also good to invest in. But those tokens are not pumping like other altcoins except BNB. But since they are from reputation exchanges then they have good future. So investing in them is not a waste and they have trust more than the other memecoins that are just coming from telegram channels.

[bettercrypto]

It depends on the holder if he believes in an exchange token. Like BnB, UNI, KCS, and others. For example, BNB, CAKE, and KCS are more okay with me. In short, it really depends on our research that will be done on exchange-based tokens.

That's why we need to be careful with what we choose. Let's make sure that this token can give us a good profit in the future and that we won't lose money in the end.

[Iamcrypticguy]

I think exchange coins like OKB BGB or KCS are still worth investing in because the exchanges that support these altcoins still have very high trust from the public. Price drops are normal because other altcoins (non-exchange) also often experience sudden price drops. The most important thing is that you have to determine the best time to buy and sell because that is the key to investment success.

Exchange tokens like BGB rewards users with exclusive perks I guess that's the reason it has broken Ath about 3 times this year alone.. I have a moon-bag, but I also trade it sometimes... So imo yes it's worth holding.. found this to make it clearer

[Cryptoababe]

I think exchange coins like OKB BGB or KCS are still worth investing in because the exchanges that support these altcoins still have very high trust from the public. Price drops are normal because other altcoins (non-exchange) also often experience sudden price drops. The most important thing is that you have to determine the best time to buy and sell because that is the key to investment success.

Yes, these exchange coins are better these days. I think BNB is also good, but it's more expensive than OKB, BGB, or KCS. I'm holding some BGB and BNB on their respective exchanges to get some free coins when they launch there, and this is another usefulness or advantage of exchange coins. In fact, I have a plan to buy more over time.

[gurunanakji777]

I think it's all about luck. Three years ago, I had nearly 7-8 new exchange-based tokens that were set to launch their exchanges, and I was hopeful that if just one of these projects succeeded, it would change my life. But my hopes were dashed, and all of them have now disappeared, mostly abandoned by their developers. On the other hand, some exchange-based projects have been successful, but they are few and far between. If you're talking about tokens from already established and reputable exchanges, then holding such coins would be a good idea.

[Godday]

I think it's all about luck. Three years ago, I had nearly 7-8 new exchange-based tokens that were set to launch their exchanges, and I was hopeful that if just one of these projects succeeded, it would change my life. But my hopes were dashed, and all of them have now disappeared, mostly abandoned by their developers. On the other hand, some exchange-based projects have been successful, but they are few and far between. If you're talking about tokens from already established and reputable exchanges, then holding such coins would be a good idea.

Many use BNB or Bitget as a reference that token-based exchange projects have a good chance of making a profit because if the exchange is successfully launched and becomes popular then of course the exchange-based token will rise significantly and become a solid project. But what most people don't know is that many exchanges fail to launch and cause losses to investors because token-based exchange projects usually have high pre-sale prices.

[GigaBit]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

When the market is bullish, the value of any token takes high. A bull run sees large price swings across all types of tokens. But we haven't seen that kind of bull run happen in a long time. Especially after 2021 there is no new bull run in the market. And the trend among altcoins is that when the market is not in a true bull run, all coins fall in price. I have seen the token price of the Kucoin based exchange as high as $17 but it has yet to touch that price after the last bull run. Not only the token of that coin but the status of other coins is almost the same. But BNB is relatively in bullish sentiment. Those who hold these tokens can wait some more time. Even if we don't get a bull run this year, we can expect a big bull run next year, and the price of exchange-based tokens can increase significantly during that time.