Is investing in exchange tokens profitable?

[Stable090]

Although there are other exchange tokens that are also performing well but this three looks the best investment option looking at their respective ecosystem growth hence I feel they are good investment option with growth potential but I will like to hear your opinions. Do you HODL any of this tokens and what are your price expectation ahead of the upcoming bullrun.

Investing in exchange tokens e just be like say na altcoin u dey invest in, difference no dey between make u invest in exchange token, and make u invest for other altcoins, I no dey hold any exchange token, but I dey familiar with just two very well, and I don dey follow the two for years now which is BNB (Binance coin), and KCS (KuCoin exchange coin). Seriously the two coins wey I list give u perform well in the last bull run, and I dey sure say even dis bull run wey dey come, they will still do well. E no mean say make u go invest ooo, me I just dey talk my own.

But we should know that investing in exchange coins are so risky, anything can happen at any moment to any exchange, and if anything goes wrong and a exchange is going down, then you should know that the exchange coin is also going down also. No exchange dey too be to get problem, so make we dey careful if we they invest in exchange coins, or other altcoins.

[TheVeteranAngel]

Ah no dey try to discourage you but wetin I want talk be say investment na risk and the way e happen for BNB and OKB, e fit no happen with Bitget token because e get oda exchange tokens wey no dey do well too like Digifinex token, coin cash (Cointiger), Bkex, Bitforex token etc. The main thing wey make BNB coin explode na wen Binance launch their own BSC blockchain wey dey faster and dey cheaper in fees than ETH network. Bitget exchange dey try, dem dey 4th by coinmarketcap ranking, dem get their own wallet and dem fit come up with a service wey go help their token appreciate more in price, so you fit gamble on am.

I did saw one article sometimes ago about Bitget owning their own blockchain soon but i don't think its officially confirmed yet. If that comes to manifestation, BGB price will definitely skyrocket beyond the current performance just like what happened with Binance BNB

[Miles2006]

If you're actually referring to the risk involve buying an exchange token then you should be prepared to face more risk when it comes to an investment choice. Every investment has a risk attach when investing, there's no riskfree investment but you just have to make wise decisions. Exchange tokens can be profitable but it depend cause knowing fully well those tokens don't just stand alone but with an exchange platform so if you want to make profit you can go for the best, I think BNB is so popular and the coin dey do well. I prefer the exchange token compared to some coin new or old but definitely risk dey for crypto

[Kdrecords2]

Someone can still lose money in token, when investing your money on token you have to do some analysis of the token you want to invest your money in.
It is a very profitable business when you know more about the token you want to put your money in,  sometime ago Bitcoin is very cheap that even the poor can afford it but now Bitcoin has increased to something reasonable.

[Mate2237]

Investing in exchange project e better pass all those airdrops memecoins and shitcoins. BNB is very slow in movement and I think OKB is more faster than BNB. But if you like to invest, I will advise you to invest in OKB instead of BNB because since BNB is not accepting peer to peer again in the country di matter go fit affect you although people dey save coins there and transfer it o another exchanges and sell or trade am there but dat one now na extra cost for the person.

You can still be able to sell BNB on Binance and few other exchanges. So what should this do with P2P on Binance that was disable for Nigerians not to access? In marketcap, BNB is the fourth largest cryptocurrencies. But I will not advise anyone to go for those centralized coins because bitcoin is more decentralized.

We all know that bitcoin.is decentralized and coins from exchanges are centralized but some people like to diversify investment aside bitcoin and the op is asking if the those projects are profitable. Should we tell them that they should not invest in them? That should be Capital NO. We can only tell the risk  involved and the little benefit so that if they are interested then they can invest and they declined they they leave because in cryptocurrency nobody where the person will make it bigger.

And as I have said before it is better for him to invest in Exchange coins than airdrops and memecoins that has no value and listing. There are some airdrops when you invest to sell na wahala.

[Joseph-P]

Although there are other exchange tokens that are also performing well but this three looks the best investment option looking at their respective ecosystem growth hence I feel they are good investment option with growth potential but I will like to hear your opinions. Do you HODL any of this tokens and what are your price expectation ahead of the upcoming bullrun.

When we are discussing about investment, I don’t look at them as a single entity base on where they originate from but see it as a general term for all cryptocurrencies. Just like any other crypto asset that are not native token of exchanges, they experience volatility and they can either go up or down in prices base on what the market is reacting to. Exchange tokens are not bad tokens even though they are all altcoins in general, but investing in them should be at the risk of the exchange not collapsing or having a negative news been attached to it. The can easily react to news that talks about the exchange either a positive or a negative one.

If I am to invest in an exchange token, it will always be that I take profit timely because of how volatile they are and does not only obey the market trends alone but also other external factors can easily affect it and crash to a very low level unexpectedly. To be safe with them, try and take profits when you see one and be conversant with news surrounding those exchanges, both good and bad news because that is what will give you an insight of when to stay in the market longer or leave the market immediately to avoid loss of funds as a result of those news.

You have a solid take here, good one. Cex tokens indeed get affected by a lot of external factors, making them slightly more troublesome to deal with especially in long term trading. But on the bright side, they can be real goldmines when the particular cex they're associated with is consistently performing well and getting great customer reviews. I'm guessing that's part of the reasons why $BGB has been healthy recently.  The project's overall performance has brought more attention and thus more investors into their ecosystem.

[Tungbulu]

Some exchange tokens fit look like sharp investments for sure, but one thing you go know be say, the fact say most of these exchanges na CEX and anything fit happen to CEX at any time, so yoi done consider the future of these exchange tokens if peradventure anything cime happen tk thr exchanve itself? What if Binance eventually crash today, wetin you think say go be the investors' sentiment about am? You feel say the token go still dey continue to rise abi e go fall?
One thing you go know be say, exchange tokens dey tied to the exchange itself, how well the token go do depends on how popular the exchange itself go dey and if anything happen to the exchange, e go affect the token. So imagine say you get a good number of BNB and Binance come crash, wetin you go do?

[Doan9269]

Exchanges coins or tokens are profitable but highly risky to go for, it also depends on the type of exchange, when we are about to venture into something, it is very important that we look around to source for information's concerning the aspect of what we are going for, the higher their profitability the higher their risk as well, this is how it has always been appearing that when we want to make an investment, we should consider the advantages and disadvantages before making a decision on which to go for, most investors will first have bitcoin on their portfolios before investing on other coins or token.

[Cryptomultiplier]

Exchanges coins or tokens are profitable but highly risky to go for, it also depends on the type of exchange, when we are about to venture into something, it is very important that we look around to source for information's concerning the aspect of what we are going for, the higher their profitability the higher their risk as well, this is how it has always been appearing that when we want to make an investment, we should consider the advantages and disadvantages before making a decision on which to go for, most investors will first have bitcoin on their portfolios before investing on other coins or token.

If a well thought out investor knows the types of crypto tokens available and is able to do proper research on the best exchange tokens to Invest in, same risk a crypto currency investor faces, is what they face mostly if the exchange should cease operating or crash suddenly.
The kinds of tokens that are available and can be owned for whatever reasons one needs them for, include: the transactional token, governance token, utility token, security token,  platform, and non-fungible tokens.

BNB for Binance and Eth for Ethereum are still some best performing tokens in the market today.

[odunybiz]

If we are to consider the top 3 exchange tokens, Binance BNB, OKX OKB and Bitget BGB lead the race with BNB 5th, OKB 38th and BGB 61st according to coinmarketcap ranking.

Going by history, BNB was launched in July 2017 around $0.11 but reached an ATH of $686.31 on May 10, 2021 just after three years. Currently trading above $550, BNB has established itself as one of the top asset class to hold for many people coming into the crypto space. Can only imagine what to expect in this coming bullrun.

On the other hand, OKB was officially launched on March 2018 around $0.6 and have since witnessed remarkable growth reaching an ATH of $73.83 on March 13 2024 but currently trading around $56.63. That's quite impressive considering the listing price.

Lastly, BGB the native token of Bitget was launched on July 26 2021 at the rate of $0.05850. it gain adoption quickly and has been performing since then. The token has reached more than 15 new ATH from 2023 till date reaching multiple ATH in the last 24hrs. The current ATH stands at $1.37 but currently trading at $1.319. With a current mcap of almost $2B, the price is relatively low compared to the first two making it easily affordable to buy and hodl for future gains.

Although there are other exchange tokens that are also performing well but this three looks the best investment option looking at their respective ecosystem growth hence I feel they are good investment option with growth potential but I will like to hear your opinions. Do you HODL any of this tokens and what are your price expectation ahead of the upcoming bullrun.

I hold only BNB out of the 3 exchange coin mentioned. Although they can all be great but they are still altcoin. Always expect any unexpectable while dealing with altcoin. I have once had this mindset. Thinking investing in exchange coin can be the best way to make it out with cryptocurrency. But after much research, I can into conclusion that altcoin will always be altcoin. This was what clear out the mindset.

[Barikui1]

If we are to consider the top 3 exchange tokens, Binance BNB, OKX OKB and Bitget BGB lead the race with BNB 5th, OKB 38th and BGB 61st according to coinmarketcap ranking.

Going by history, BNB was launched in July 2017 around $0.11 but reached an ATH of $686.31 on May 10, 2021 just after three years. Currently trading above $550, BNB has established itself as one of the top asset class to hold for many people coming into the crypto space. Can only imagine what to expect in this coming bullrun.

On the other hand, OKB was officially launched on March 2018 around $0.6 and have since witnessed remarkable growth reaching an ATH of $73.83 on March 13 2024 but currently trading around $56.63. That's quite impressive considering the listing price.

Lastly, BGB the native token of Bitget was launched on July 26 2021 at the rate of $0.05850. it gain adoption quickly and has been performing since then. The token has reached more than 15 new ATH from 2023 till date reaching multiple ATH in the last 24hrs. The current ATH stands at $1.37 but currently trading at $1.319. With a current mcap of almost $2B, the price is relatively low compared to the first two making it easily affordable to buy and hodl for future gains.

Although there are other exchange tokens that are also performing well but this three looks the best investment option looking at their respective ecosystem growth hence I feel they are good investment option with growth potential but I will like to hear your opinions. Do you HODL any of this tokens and what are your price expectation ahead of the upcoming bullrun.

My brother, if you really want me to be sincere with you, wether it's and exchange token or not, and alt coin or shit coin will always behaves as one, they fall more than they rise, because that's how they are, just take a look at what happens to FTT token,  after FTX went into bankruptcy, bro, till today it has not even recover even half of it price, even as all other tokens are pumping due to how Bitcoin is pumping of recent, but Bitcoin have proven itself over and over again that it can always recover no matter the setback.

So what am I trying to say? If you have any good amount of money to invest, I suggest you invest like 95% in Bitcoin, then the remaining 5% you can gamble it on any other token, if it's an amount you can afford to lose that's my suggestion, but if it's me, I would definitely invest only on Bitcoin, because slow progress is a progress to me, I wouldn't allow greed of bigger profit make me lose my hard earned money.

[Redudletech]

Exchange tokens may be a good investment decision at least for long term based and if you have taken the time to look at the historical records of most lf the prominent exchange tokens, you will see that the took a long time before building their current price list level, due to gradual growth mechanism so 8f you are looking for short term profits then exchange tokens may not be good for you and only long term investment is what gives the appropriate timeline for the growth of that tokens.

What make exchange token to have high potential to grow is because of the feature that the coins carries,  take BNB for example, BNB is use to provide liquidity for the world biggest exchange and it smart chain, so that ecosystem is enough to build the coin value a d increase the demands for long term.

That's very correct in addition exchange token can be more profitable when you no when to buy, when to take profits and when to sell which is the important part take another example the very recent market deep that happened if you have the knowledge and bought deep then definitely you would be in massive profit because they have raised in price so with this it makes exchange token a good long term investment