Which exchange token are you watching during this market dip?

[Kalustx]

Exchange tokens are usually more stable and only move slightly with the market. Some, like BNB, have grown a lot because people use them more in their ecosystems. OKB has also made transactions faster within OKX and even across other platforms. 

BGB seems to be gaining more attention too. According to CryptoRank, it has performed better than BTC and ETH in some ways. Over 90% of its 2k community members are in profit, and more than $40k USDT in staking rewards and other benefits has been given to holders. 

With BGB now trading above $4, it still looks like it has potential. It could be worth watching for anyone interested in utility tokens.

[Charles-Tim]

With BGB now trading above $4, it still looks like it has potential. It could be worth watching for anyone interested in utility tokens.

I told people to sell at $7.5 or so. BWB was merged with BGB and the coin increased above $8. I predicted the coin has gotten to its peak. The coin did not disappoint and it started to fall.

I do not expect much for these coins this season anymore. They will not be able to perform better than bitcoin until next cycle began and that would be during the altseason. I will still advice people to continue to sell.

[KryptoBull]

I told people to sell at $7.5 or so. BWB was merged with BGB and the coin increased above $8. I predicted the coin has gotten to its peak. The coin did not disappoint and it started to fall.

I do not expect much for these coins this season anymore. They will not be able to perform better than bitcoin until next cycle began and that would be during the altseason. I will still advice people to continue to sell.

BWB and BGB are quite popular in the crypto market, but I haven't found a compelling reason to engage with them. I don't use Bitget myself either. Binance provides all the best features and services I could hope for and utilize, especially the number of tokens and the liquidity of trading pairs.

If I had to choose a CEX-backed token, BNB would always be my top choice, and I currently hold BNB in my portfolio even though I know the BNB price is quite high compared to the BGB price. BNB offers me peace of mind, which BGB can't. I'm not sure if Bitget might suffer a hacker attack like Bybit tomorrow, and they don't have a SAFU fund to protect customer rights either.

[joniboini]

I got a deja vu from reading the OP post. Feels like I read another thread with the same sentiment a few weeks ago. I don't know how he concludes that exchange tokens are stable because some of them are volatile; at least, that's how it is for most local exchanges where I live. Just like other platforms, if you fail to provide enough value for the token, people will just ignore it. Sadly, my local exchanges don't have enough capital to start a pump machine like Binance with its launchpad. I don't think I'll buy them and will allocate more to buy other alts or just focus on BTC.

[Solhunter]

Exchange tokens are usually more stable and only move slightly with the market. Some, like BNB, have grown a lot because people use them more in their ecosystems. OKB has also made transactions faster within OKX and even across other platforms. 

BGB seems to be gaining more attention too. According to CryptoRank, it has performed better than BTC and ETH in some ways. Over 90% of its 2k community members are in profit, and more than $40k USDT in staking rewards and other benefits has been given to holders. 

With BGB now trading above $4, it still looks like it has potential. It could be worth watching for anyone interested in utility tokens.

Yeah I’ve actually been holding BGB for a minute now, and it’s been one of the few plays that hasn’t stressed me out. Solid utility, moves steady, and the staking rewards have been a nice bonus.

Also just saw Bitget dropped this TOKEN2049 trading comp top trader gets a special access pass to the event in Dubai, and there’s a 5K USDT pool for the top 100 too. Kinda tempted to go harder with BGB while the momentum’s still real.