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When’s the right time for Binance Coin, Huobi Token and FTT to rally
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The broader market has already stepped into its uptrend phase. This is essentially the period when the fear of missing out sets in and the masses from the crypto-space end up engaging in an unreasonably high number of transactions.
In effect, centralized exchanges will earn more than usual through trading and financing fees. So, would the ripple effects be visible on the prices of their tokens as well?
Well, during most of the previous bull run phases, exchange tokens have performed quite well. Consider this – In the period between 25 March and 12 May 2021, when both Bitcoin and Ethereum achieved new highs, Binance Coin’s value appreciated by over 205%.
Over the same period, FTX’s FTT and Huobi’s HT also rose by close to 100% and 230%,
Read more on ambcrypto.comAbout this in other media
Top cryptocurrency prices today: Solana, Binance Coin fall; XRP jumps 9% economictimes.indiatimes.com /2 years ago
Why a new ATH for Binance Coin won’t come without a price ambcrypto.com /2 years ago
Bitcoin consolidates right below Fib level that triggered 2013 all-time highs cointelegraph.com /2 years ago
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