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Centralized exchanges are most commonly used by beginner investors.
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As the cryptocurrency industry grows, so does their utility.
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This means that we can see an increase in the value of the native tokens each exchange has.
Binance Coin (BNB) is the native cryptocurrency token used on Binance and has multiple use-cases. It serves the role of a utility token and even allows users to receive discounts while paying for their trading fees.
The FTX Token (FTT) is a native cryptocurrency token of the FTX ecosystem and was specifically designed to allow users to get discounts on trading fees and some rewards.
OKB is the native utility token of OKEx, which enables users to access the exchange’s special features.
Should you buy Binance Coin (BNB)?
On November 24, Binance Coin (BNB) had a value of $591.4.
To get a better perspective on the value of this token, we will compare it to its all-time high-value point as well as its performance in October.
BNB had its all-time high-value on May 10, when it reached a value of $686.31. This is a $94.91 difference in value, or by 16%, compared to its value on November 24.
In terms of the performance in October, on October 1, the token had its lowest value at $393.89.
Its highest performance of the month occurred on October 30, when it raised its value to $536.57.
This is a price increase of $142.68 or 36% throughout that span of time.
That said, BNB has the potential to reach $600 by the end of November, making it a solid buy.
Should you buy FTX Token (FTT)?
On November 24, the FTX Token (FTT) had a value of $49.456.
To get an indication as to what kind of value point this is for the token, we will go over its ATH value as well as its performance in October.
FTT had its ATH value point on September 9, when it reached $84.18. This is a $34.724 price difference, or 70% difference when compared to its value on November 24.
The lowest point of value of the FFT token in October was on October 1, when it had a value of $51.45.
However, its highest point was on October 26, when it reached a value of $68.35.
This is a $16.9 increase in value, or by 32%.
As such, we can expect the FTT token to reach $55 by the end of November, making it a solid buy.
Should you buy OKB (OKB)?
On November 24, OKB (OKB) had a value of $23.84.
To get an indication as to what kind of value point this is for the token, we will go over its ATH value point as well as its performance in October.
OKB had its all-time high value on May 3, when it reached $44.01. This is a $20.17 price difference, higher by 84% when compared to its value on November 24.
When we go over October’s performance, the token had its lowest point on October 1, when it reached a value of $15.73.
Its highest value point was on October 23, when the token reached a value of $28.7. Here we can see that the token increased in value by $12.97or by 82%.
With this in mind, we can expect OKB to reach a value of $27 by the end of November, making it a solid buy.
