Report for H1 2020: TOP 4 Exchange Tokens (BNB, HT, OKB, ZB) Continue Doing Well
Tokeninsight released its quarterly report on the cryptocurrency sphere. The researcher highlights 2020’s prominent exchange tokens including Binance (BNB), Huobi (HT), OKEx (OKB), and the ZB token launched by ZB.com.
The report says:
“Traders have high enthusiasm for the exchange token, and the good fundamentals of the exchange are the driving force for the price increase in the future”.
TokenInsight’s interview records with the exchange show that some exchanges have good expectations for new spot market projects in late 2020. Most of the exchange tokens have the property of being used for spot trading fee repurchase and destruction. If various new projects bring considerable fee income to the exchange in the third and fourth quarters of this year, the exchange tokens could gain some upward price momentum.
“The second quarter of 2020 is not as expected, because Bitcoin halves out of the bull market, and the bull market may take the third quarter to the fourth quarter to appear.” — Omar Chen, CEO of ZB.com.
This year’s best performing exchange tokens according to TokenInsight:
Overall, TOP 4 exchange based tokens (BNB, HT, OKB, ZB) had good returns in H1 2020.
Read the full report to see how all the Top 4 Exchange Tokens performed.