Top 3 centralized exchange tokens to buy the dip in

    Cryptocurrency corporations have additionally suffered from the ongoing winter in the digital currencies trade continues. This explains why the Coinbase inventory worth has crashed by over 84% from its all-time excessive. Similarly, centralized exchange tokens (CET) have all retreated sharply in the previous few months. Here are a few of the greatest CET cryptocurrencies to buy.

    FTX Token (FTT)

    FTX is certainly one of the greatest cryptocurrency exchanges in the world. It operates a world model and a US-focused firm. Combined, the two have been valued at over $30 billion by non-public traders. This makes it extra precious than Coinbase, which has a market cap of over $15 billion. 

    The FTX Token is the greatest centralized exchange token globally with a market cap of over $4 billion. The FTT token worth has crashed by 64% from its highest degree in 2021. With the firm increasing to shares buying and selling, there’s a risk that the token will bounce again in the close to time period. This rebound will principally occur when different cryptocurrencies begin recovering.

    OKB (OKB)

    OKX is a big firm that gives a platform the place individuals can buy and promote digital currencies. Like FTX, it most focuses on cryptocurrency derivatives, which have change into even larger than spot currencies. According to CoinMarketCap, it handles over $10 billion of cryptocurrencies each day. OKX additionally has options that allow individuals buy and promote non-fungible tokens (NFT) and different DeFi platforms.

    The OKB worth has been in a robust bearish development in the previous few months as demand for cryptocurrencies has declined. Similarly, the total quantity of derivatives traded in the ecosystem has been in a downward development. OKB is an efficient buy due to the total market share of the firm.

    KuCoin Token (KCS)

    KuCoin is one other massive cryptocurrency exchange that handles billions of {dollars} each day. Its KCS token has a market cap of greater than $1.6 billion. Unlike different centralized exchange tokens, KCS has finished comparatively effectively in the previous few days. It has risen by greater than 45% from its lowest degree in February. 

    The most up-to-date catalyst for the KCS worth was the massive $150 million fund that the builders raised this month. They plan to use the funds to develop the ecosystem in areas like DeFi and the metaverse.

    In addition to these three, the different prime centralized exchange tokens are Huobi Token, Swissborg, and Gate.

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