Put Focus on TOP-4 Crypto Exchange Based Tokens
Almost all exchange tokens experienced a mini bull run in 2020. From the table below it is clear that in terms of the performance of TOP-4 major centralized exchange tokens over the course of 2020, BNB took the most advantage of this bull run with a ROI of 138,7%, following it is OKEx’s OKB token, 127,7%. ZB.com’s ZB Token (ZB) in terms of the value and market share, came third with 70,4% according year to day data.
ZB Token now trades bullishly, up with 8.95% in the past 24 hours according to CoinCodex.
Market Moves
Crypto exchange based tokens like Binance coin (BNB) and ZB.com’s ZB Token (ZB) were launched in theory to provide their owners with some benefits: Traders could use them to purchase monthly VIP status plans for transaction fee discounts, gain early access to special launchpad events, receive crypto rewards from seasonal buybacks, etc.
But recently some crypto traders are thinking of them a bit more like traditional stocks — as a bet on the cryptocurrency exchange itself. It’s also increasingly possible to park the tokens in savings accounts on the exchange for yield: Users earn passive income by holding their tokens on the exchange.
Bigger players in the crypto space, including Binance and ZB.com have launched savings and staking services for they users.
Bitcoin watch
Data from major crypto exchange ZB.com and TradingView provides a cause for celebration on Nov. 24 after Bitcoin suddenly tackled $19,000 resistance.
Will we see $20,000?