Are exchange tokens a better options for profit when compared to other ALTs?
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I came across a post made by CryptoRank comparing what would have happened if you held $10,000 in major exchange tokens for 1 month, and thee were a few interesting things I noticed. It doesn't come as a surprise that BNB led in overall return, I think the surprise for me is the fact that BGB had the highest farming rewards, which made up over 60% of its total profit, so that's something to look at especially for people looking for more profit options. Moving on from these two, I noticed that OKB gave no farming rewards but the total profit made isn't that bad, but MNT and GT underperformed both in price and total value. Surprisingly though MNT offered the second highest farming reward, but that wasn’t even enough to offset the price drop. I think generally it has a lot to with stuffs happening with these exchanges behind the scenes, and it's probably why BNB and even BGB did very well, especially with the impressive price action with BGB in recent time. But all this to say, exchange tokens might also be a good option for profits especially when selected carefully. For comparison BTC did about 10% within this time. submitted by /u/minibuddy0 |
