Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Dociko on March 27, 2021, 02:54:35 PM
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Cryptocurrency exchange tokens have seen major gains, but has this changed their original use case to become a good investment for hodlers?
Native exchange tokens have exploded in value in recent months, alongside the wider cryptocurrency markets, changing the narrative for what these tokens were originally meant for.
Bitcoin (BTC), Ether (ETH) and other cryptocurrencies have seen exponential growth over the past six months. In part, this is due to major institutional investors finally entering the markets in a meaningful way. Grayscale Investments, MicroStrategy and Tesla have been some of the biggest names to make major acquisitions of Bitcoin and other cryptocurrencies, leading to new all-time highs in values.
Source: Cointelegraph (https://cointelegraph.com/news/rise-of-the-exchange-token-from-utility-coin-to-long-term-investment)