HODL results for 1-year and year-to-date for BNB, OKB, and HT exchange tokens

HODL results for 1-year and year-to-date for BNB, OKB, and HT exchange tokens

By Jumble | Jumble | 16 Jun 2020


What is an exchange token?

An exchange token is a utility token that is issued from a cryptocurrency exchange. The most known exchange tokens are:

  • BNB issued by Binance
  • HT issued by Huobi
  • OKB issued by OKEx
  • LEO issued by Bitfinex.

The owner of an exchange token gets special offers on the services received on the exchange such as discounts on exchange rates, reduced withdrawal fees, or first access to upcoming airdrops.

Daily trade volume for the different exchange tokens

Below is a table that shows the daily trading results for the different exchange tokens.

e16d002f36cb1c125c21a0c992fb732aafcbe0e57c43e8d1a4a9ed3399881efe.png

The BNB, OKB, and HT exchange tokens all have good trade volume. The OKB exchange token has the highest trade volume.

The LEO exchange token had a trade volume equivalent to 1,182 tokens. This quantity is very small. It is possible that during a time period high volatility that it could be difficult to do a trade for LEO. In the HODL results for 1-year and year-to-date time periods, the LEO exchange token is not included.

1-year HODL results

Below is a table that shows the HODL results for the 1-year time period.

740d49a80e534fd6d8dc9dc023a96399a0ea7854bd1f603a099d891f757205f6.png

  • In June 1, 2019, the price for the BNB exchange token was more than 20-times the price for the OKB token and more than 10-times the price for the HT token.
  • Since June 1, 2019 the price for the OKB and HT exchange tokens has increased. In fact, the price increase for the OKB exchange token has increased 249%!
  • Since June 1, 2019 the price for the BNB token has decreased by 46%.

Year to date HODL results

Below is a table that shows the HODL results for the year-to-date time period.

b389d34e4143b04131469460a9744e96708ac210693738bc691347667db44fe5.png

Since January 1, 2020 the price for the BNB, OKB, and HT exchange tokens has increased. They all have good price increases.

Conclusions

  • In the time-period of 1-year and year-to-date the price for the OKB and HT exchange tokens has increased.
  • In the time period of 1-year the price for the BNB token has decreased.
  • In the year-to-date time period the price for the BNB token has increased.
  • The daily trade volume for the LEO exchange token is small and it is possible that during a time period high volatility that it could be difficult to do a trade.

Here are links to the different exchange websites to get more information about their token:

 

Note 1: Prices from https://messari.io/

Note 2: This comparison is for information purposes only.  It is not intended to be investment advice.  Seek a duly licensed professional for investment advice.


Jumble
Jumble

Technical and marketing content writer. And a cryptocurrency fanatic.


Jumble
Jumble

Thoughts about cryptocurrencies

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.