I do hold a little chunk of the top-tiers exchange tokens here and there and after seeing the top list of 10k in exchange tokens challenge. I was actually expecting something else or should i say the result exceeded my expectations (
https://x.com/CryptoRank_io/status/1932406350396416495)
Binance, Bitget, Bybit were obviously part of the top 5 but i expected Bybit to be top 3. Binance’s $BNB came in first with +10% ROI, Bitget’s $BGB was second with +7% ROI and while OKX’s $OKB sat at the third spot with a 6% ROI and lastly Bybit and Gate.io was the fourth and fifth with -12% and -13% respectively.
$BNB, $BGB and $OKB shows steady price growth will definitely focus more on the top 2 tokens as $BGB has been delivering the highest farming rewards. What’s your take on this exchanges token performance ?
I believe the results are largely driven by utility, which explains why the top two tokens made the list. Given the recent activity in the BSC ecosystem, it makes sense that BNB is at the top. The same goes for BGB, with many events requiring the token as an entry point—plus, its improved token mechanics likely played a role as well. Overall, I'm not surprised by the rankings.
Let's put it in terms of risk factor so that we will understand it better, and who knows, maybe investors are basing it thru:
a. $BNB - we all know that this is the prime mover, the trend setter, so it means that they are safe in the long run. But one take away is that the growth is very slow.
b. $BGB - but if you are a high risk, high reward investor, like having a YOLO strategy, then this could be the one for you.
c. $OKB - middle ground you say? then this could be the best one
So it's really up to the investors appetite here, whether you wanted the best, or you are a investor that loves the risk, then you can pick any of this exchange and still be good an could earn.
