Sirwin
Sirwin

Exchange tokens are underestimated and should cost more

By Artur89 | Arthur Crypto 2020 | 14 Jun 2020


Most exchange tokens are currently undervalued, i.e. trading below their fair value. This conclusion was recently made by the TokenInsight analytical agency during a June study on native tokens of cryptocurrency exchanges.

TokenInsight analysts are confident that exchange tokens have not yet recovered after March “Black Thursday”, when the collapse occurred not only in the cryptocurrency market, but also in the traditional financial market.

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Recall in April in their report for the 1st quarter of 2020, TokenInsight analysts reported that 41% of the total number of exchange tokens increased in price, but only 5 of them grew by more than 20%: OKB, ZB Token (ZB), BHT, ZBG Token (ZT) and LEO.

Exchange call official (native) tokens of cryptocurrency exchanges.

Holders of exchange tokens can participate in IEO projects on the exchange, buy VIP memberships of various levels, which give a discount on trading commissions, and also take part in the voting for listing new coins.

The most successful exchange token is Binance Coin (BNB) with a market capitalization of $ 2.7 billion; it is in the TOP 10 cryptocurrencies rating. Other well-known major exchange tokens from the TOP 50 are Huobi Token, OKB, ZB Token (ZB) with a market capitalization of $ 975 million, $ 324 million and $ 177 million, respectively.

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Artur89
Artur89

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Arthur Crypto 2020
Arthur Crypto 2020

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