Is exchange based tokens worth for hold?

[tajimas]

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 help you figure out the proper exchange based coin to buy and hold for long term, exchange coins are good for investment if you are watchful and long in the crypto industry games, most of these exchange based coin do not exhibit their own smart contracts and are not Blockchain based assets. Many projects are built under Binance Smart Chain where BNB is used as a transaction fee bringing in more liquidity and use cases of different kinds, any exchange based coin that do not exhibit both quality and feature of native token and also Blockchain based assets should be out of your list, for they may not do better during the long run except the team keeps building more.

Huobi(HT) and okex(OKX) native coins has the same features of BNB of which they are pretty much good to buy and hold, I'm looking if Bybit and Bitget exchange based coin can build themselves more to BNB level.

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[nurilham]

Exchange based tokens don't fluctuate as much as other tokens do. I have been following the Ku coin exchange token for a long time and what I see is that when the market is bullish or when BTC goes up, the price of those coins goes up and when BTC goes down it goes down. In 2021 the token price of Ku Coin exchange platform was $17 per coin currently trading between $6. So these coins seem to depend a lot on the price of Bitcoin. If one wants to hold the coins of this exchange platform then one must hold for long term otherwise the chances of loss will be high.

Do you refer to KCS (token of Kucoin exchange)?
I think KCS fluctuates the same as other tokens. Its ATH is around $28 and the current price is $7,8. The difference between its ATH and current price is quite a lot, also the price never stable in a certain rate everyday. It means the token fluctuating normally as other tokens. If it doesn't increase significantly, it is because the current trend of Bitcoin. We must know that Bitcoin still increases gradually, it may increase significantly after the halving. If you expected the price will be above $17 again, just wait until the halving is over.

Anyway, people usually wait for the altcoin season to trade their altcoins. If you want to sell your KCS, just wait the altcoin season that probably happens in 2024-2025.

[Rasa nanas]

In exchange-based altcoin investments I only choose BNB because BNB is supported by the largest exchange currently, namely Binance. I really like Binance because Binance is the exchange that has the strictest regulations and conditions for determining which altcoins are worth listing. I see that Binance is very good at maintaining their good name or reputation, so I think that BNB is the exchange-based altcoin with the brightest future at the moment.

[Samlucky O]

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!

One thing you should know for sure is that, aquearing an exchange token does no guarantee you success or makes you feel that you have invested wisely. In as much as those coin are exchange token they are still altcoin, and can still have the same fate as other altcoin. Just like FTX which had FTT token checking from. The history I think you can see it's fate. And i also think that luna has exchange but still the coin tera Luna coin fails so I believe anything can happen to any of them not even the popular one of today is exempted because they might also have same fate aa others. But my best advice is to put more money on bitcoin and spear money to any exchange coin.

[justdimin]

in my opinion, not all coin exchange are very good for investment and I personally only interested in BNB, because BNB is the biggest exchange at the moment and that is what makes me interested to investing in BNB, apart from exchange, BNB also has a very popular blockchain and many projects which uses blockchain from BNB, so I'm sure BNB will be very good as a long-term investment and the price of BNB will definitely make a new ATH price during the next bullrun, therefore don't miss the current opportunity to DCA BNB at a low price before the price of BNB increase very high.

Yeah, that's the trouble, people saw what happened at Binance and the price of BNB fell, but the reality is that BNB is still as strong as yesterday, so there is really no need to sell it, all these are just panic sellers who are making a mistake and the price of BNB will be 300+ soon. I think the result of these type of things do matter, but we need to be careful about it.

Just because we are seeing the situation a little different doesn't mean that we are going to end up with anything bad, we could still keep it going as much as we possibly could. I believe that the best thing to do in this case would be making sure that we are doing a profitable business, and for that to work, we need to just keep calm and not react too much.

[Adreman23]

In my opinion, it's prudent to approach investing in exchange-based tokens cautiously, especially if it's done after an exchange has already established itself. This is because unforeseen events, such as hacks or closures, can pose risks. If considering a late-stage investment, it's advisable to focus on acquiring tokens for their utility, such as enjoying discounts on trading fees or participating in token sales, rather than solely for speculative purposes.

[glendall]

worth keeping if it has value for the future but we need to be up to date on the coins themselves especially if we have a lot of them,
and usually people who have exchange coins are just looking for shipping / exchange discounts, they don't need large quantities.
so it is worth exchanging coins or not. From my point of view, it is not mandatory to have it if it does not have additional use value

[Cvetik56]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

[YellowSwap]

Exchange tokens are not that reliable and its hard to know the one that will survive, with the SEC hunting down any exchange they feel like I think they are more risky, it's better to go for decentralized exchange tokens like GMX, I think with what happened to Binance it's time that DEX will be more attractive to users than Centralized exchanges, anything can happen to any exchange at any time, even the biggest ones, Huobi could be the next target too who knows? Invest only what you can afford to lose.

[mdzahed134]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future. 

[Bushdark]

In my opinion, it's prudent to approach investing in exchange-based tokens cautiously, especially if it's done after an exchange has already established itself. This is because unforeseen events, such as hacks or closures, can pose risks. If considering a late-stage investment, it's advisable to focus on acquiring tokens for their utility, such as enjoying discounts on trading fees or participating in token sales, rather than solely for speculative purposes.

There are exchange tokens that are good for investing our funds because the exchange team would always look for ways to make sure they keep there token safe in both consistency and liquidity which will keep the price of to keep going higher.
We should not onl6invest our money on exchange tokens only but other tokens also so that we can make profits too from other peojects which might give us higher liquidity that will keep making the price of the project on a higher price than exchange tokens.

[batang_bitcoin]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too.

In that case, choose the best exchange tokens instead so that you'll have no problems with them. And the known exchanges with those tokens, they're going to maintain it not just for themselves but also for their investors.

This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

That's likely to happen during the bear market and not during the bull run. We are seeing a lot of categories of altcoins that are going to pump by this time and then after the bull, that's when many of them dies.

[arimamib]

There are exchange tokens that are good for investing our funds because the exchange team would always look for ways to make sure they keep there token safe in both consistency and liquidity which will keep the price of to keep going higher.
We should not onl6invest our money on exchange tokens only but other tokens also so that we can make profits too from other peojects which might give us higher liquidity that will keep making the price of the project on a higher price than exchange tokens.

Exchange tokens can be a safer investment, because the exchange team has strong reasons to keep the token price high. This is because the token is usually used to pay for trading fees on the exchange. This means the exchange generates more revenue from fees with a higher price of token. the exchange team may use some of its profits to buy back and burn tokens, which can also help to reduce the supply of tokens and drive up the price.

I think exchange tokens are the best option among many tokens in cryptocurrencies market, because it feels like the money from central bank. That's why the price of exchange tokens is not so fluctuating. However, there is no guarantee that an exchange token will continue to increase in value. The exchange team could decide to change its policies or practices in a way that could threaten the value of the token.

[JeffBrad12]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future. 

in my opinion its only worth holding when its still earlier introduced and not reaching such high value, but if its already too high then I guess it will be hard to increase ever again because the utility coming from the platform itself which usually aren't really that significant to the holder anyway and isn't really giving any relevant benefits.
BNB for example, decreasing after CZ resignation goes to say that the value revolve around the decision made by binance and honestly I don't consider holding exchange token to be good nowadays when exchange are having bad news around basically the investment leaning towards falling instead of increasing.
holding ethereum in the other hand, proven to be better even more so with bitcoin.

[btc78]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future. 

in my opinion its only worth holding when its still earlier introduced and not reaching such high value, but if its already too high then I guess it will be hard to increase ever again because the utility coming from the platform itself which usually aren't really that significant to the holder anyway and isn't really giving any relevant benefits.
BNB for example, decreasing after CZ resignation goes to say that the value revolve around the decision made by binance and honestly I don't consider holding exchange token to be good nowadays when exchange are having bad news around basically the investment leaning towards falling instead of increasing.
holding ethereum in the other hand, proven to be better even more so with bitcoin.

i think if the exchange has good background and has been well-established you can invest and hold
go check their track record and check if they have pending regulatory cases because this will definitely affect the price of the coin

exchanges release tokens to fund its own organization for the benefit of its clients so in a way it goes back to you
a lot of exchanges also offer various benefits like discounts or reduced transaction fees if you buy  their coin
well at the end of the day holding exchange-based coins depends on your purpose and goal

[Obim34]

Investment made into such Altcoins might not be considered too worthless but at some point still can be worthless.  As many new exchanges are coming on board with their own tokens, it won't be necessary to venture into that market as the reason sometimes they generate the tokens in order to help them facilitate the building of the Cex and sometimes the token is being over looked after they keep the app running, they look out side for other projects to come list their tokens and pay more attention towards that aspect than looking to build their own exchange based token and most they consider it as gas fee and of no purpose.
Seeing those altcoins dump is not to be served as a surprised, when little or no efforts are not made to keep the Altcoins in a good state and the whole things turns into a dump which they never recover from

[nimogsm]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future. 

the exchange still remains a large monopolist, and this may mean that nothing threatens the exchange token in the near future. Quarterly token burns will do their job, we need to wait a little longer and see how the price reacts to this event.

[electronicash]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future. 

the exchange still remains a large monopolist, and this may mean that nothing threatens the exchange token in the near future. Quarterly token burns will do their job, we need to wait a little longer and see how the price reacts to this event.

BNB however is just not performing well this year. i was also holding some exchange tokens before the last bull market, these tokens are just going to drain your patience. your faith in holding these tokens relies on the exchange itself which they know who they want to make rich. OK exchange token did a significant move than BNB.

the advantage to big holders of these exchange tokens is that they are sharing revenue with them.

[mdzahed134]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future. 

the exchange still remains a large monopolist, and this may mean that nothing threatens the exchange token in the near future. Quarterly token burns will do their job, we need to wait a little longer and see how the price reacts to this event.

Some big exchanges native tokens just surviving based on their exchange reputation otherwise there are no real use cases of those tokens such KCS is backed by the major exchange KuCoin but you can check it in CMC, very low interest in trading only 1m dollar trading volume. Only BNB is in strong fundamental coin and it’s a lot of utilities in the market.

[fullhdpixel]

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!

Exchange based tokens don't fluctuate as much as other tokens do. I have been following the Ku coin exchange token for a long time and what I see is that when the market is bullish or when BTC goes up, the price of those coins goes up and when BTC goes down it goes down. In 2021 the token price of Ku Coin exchange platform was $17 per coin currently trading between $6. So these coins seem to depend a lot on the price of Bitcoin. If one wants to hold the coins of this exchange platform then one must hold for long term otherwise the chances of loss will be high.

Isn't that the case with every altcoin? As far as I know, altcoins follow the movements of Bitcoin and there can only be a difference in the percentage of their growth or fall but they move towards the direction where Bitcoin is moving and it's not just about exchange-based coins or tokens but it's the case with almost all the altcoins. I know that some altcoins might move without Bitcoin moving or in an opposite direction where the market is moving but such cases are rare.

And I believe exchange-based coins also move and gain value based on how much people are interested in them. Take BNB as an example, the coin managed to gain significant value because the exchange was successful and became the most used centralized exchange in the world which is the reason why people had trust in BNB and it gained great value over time.