Exchange tokens that'll rally this year.

[XFinite]

The market is still down since the lowest BTC has reached 60K, I'm probably sure that most of us will accumulate more tokens to their portfolio for the gains in upcoming months. But for me, I think the exchange tokens could really fuel another epic rally. Not just saying, but with the numbers we are seeing now, it is just proof of how things can propel growth quickly.

I won't list a lot of tokens but there are my choices and opinions, so please DYOR.

So first of all $BNB is the one I'm looking forward to..
The price of BNB is currently 569.09$, currently down from its $720.87 ATH (-21.26%), so it was about 3 weeks ago, when the price was the highest.
Also, The chart on CMC shows that it dropped nearly 4.5% on the weekly chart while it had surged about 140% gains on the YTD chart.
Source: https://coingape.com/sponsored/expert-analysts-predict-further-drop-in-crypto-market-bitcoin-cash-bnb-kaspa-and-rollblock-price-analysis/

The analyst predicts that a rise to $650 could be before the end of Q2 2024 for $BNB. Like I mentioned that earlier it has been about 3 weeks since ATH happened around that price. I feel like this coin will go up to 800$ since it's possible due to Binance developments and more launchpools projects coming soon.. What do you think?

Secondly, I think BGB can be a good one as well especially considering it's been outperforming BNB on the charts recently. You can see it quite clearly on the graph.

So currently the price is currently at 1.09$, also currently down from its $1.48 ATH (-26.99%), and it was about 4 weeks ago, when it was the highest price. since its launch in 2021, it has surged about 1,562% in price growth. The chart on CMC also shows that it has dropped 4% while the YTD chart shows 184% surge.
Source: https://bitcoinist.com/three-factors-indicate-that-the-bgb-token-could-reach-5-in-2024/

The analyst predicts that those 3 factors could indicate that bgb token could reach around 5$ by the end of 2024. One of the factors that really made me bullish is that the bitget exchange is increasing BGB's utility by having launched PoolX (similiar to Binance launchpool), and that requires BGB to stake since it is one of the popular assets to mine and earn on PoolX. and there's an increasing demand for investors to use the product.

so, I hope that with these predictions, we can see the rally with exchange tokens.. What are your guys' opinions?

[yhiaali3]

There is no doubt that the Binance BNB token is very good and has the potential to grow significantly during the coming period, as some analysts expect it to reach $1000 with the next Bitcoin ATH.

But I prefer the Bitget BGB exchange token, which is expected to grow more. There is a lot of optimism about the Bitget exchange and its BGB and BWB tokens, especially with its connection to the projects it launches on PoolX, and this greatly enhances the growth of these tokens. The price of these tokens is still low at the present time and There is great growth potential in the future.

Although I do not encourage holding centralized exchange tokens in the long term because I do not trust them.

[Jomisa]

There is no doubt that the Binance BNB token is very good and has the potential to grow significantly during the coming period, as some analysts expect it to reach $1000 with the next Bitcoin ATH.

But I prefer the Bitget BGB exchange token, which is expected to grow more. There is a lot of optimism about the Bitget exchange and its BGB and BWB tokens, especially with its connection to the projects it launches on PoolX, and this greatly enhances the growth of these tokens. The price of these tokens is still low at the present time and There is great growth potential in the future.

Although I do not encourage holding centralized exchange tokens in the long term because I do not trust them.

The perks BGB offers holders makes it hard to overlook imo. I hold BGB also, looking to add more though to increase my staking power on POOLX ✍️.

[joniboini]

I guess it's a solid pick but you probably need to tone down your expectation. Articles like that always have some biases so they put their target price quite high/low depending on the current trend of the market. Be a bit conservative on your prediction and set your stop-loss accordingly,  so you won't get destroyed by terrible timing or charts. I only hold BNB from years ago and I don't think it will change anytime soon, just because I don't have enough capital to chase both of them.

[yhiaali3]

Good that you prefer BGB as well, cos I see the potential with it, just like BNB, it can boom to 5$ at least, especially it's got some good ongoing developments on bitget exchange, like poolx and etc.

Yes, frankly, I am optimistic about the future of BGB. I expect it to grow significantly during the coming period. It can easily reach $5, as you mentioned, because the bitget exchange has become a strong competitor in the market and is receiving increasing attention and popularity.

bitget has made great progress and become a major player in the market in a short period. They have a good team with great capabilities that provide important ideas for developing the exchange as well as supporting its BGB token, so I expect a great future for it.

[electronicash]

i was thinking of why the token will go rally not because of the speculation but the progress in development of the project and the community supporting it.  but of course when its a bull season every other token will go up regardless of what happen in their development.

what i saw recently is the Cardano (ADA) which was recently attacked DDOS and to thier surprise Cardano network unfazed. and Charles laughing. https://x.com/The_O_Show_/status/1806071482176643418

i think a lot of dex tokens in cardano will rise because of this.

[Wiwo]

I guess it's a solid pick but you probably need to tone down your expectation. Articles like that always have some biases so they put their target price quite high/low depending on the current trend of the market. Be a bit conservative on your prediction and set your stop-loss accordingly,  so you won't get destroyed by terrible timing or charts. I only hold BNB from years ago and I don't think it will change anytime soon, just because I don't have enough capital to chase both of them.

I wanted to point that out also, I think from the statement the ops has alot of high hopes on altcoins market in this season and the coming months,  I don't know why there is too much hypes on exchange tokens lately and most memecoins are sponsoring alot of campaign to create a wave in the market amd I see alot of exchanges are launching and promoting those coins and some few of those coins have done well even more than those exchange tokens.

Aside from the tokens from the few top 3 exchanges that offers utilities zon their network,  I don't have any faith in all the other exchange that have no liquidity power to support heir tokens in the long run, so if u am to choose any exchange coins my priority will be on BNB which is one of the biggest among those projects.