The cryptocurrency market comprises a blend of both new and established digital coins stemming from various startups and initiatives. Amid this diverse array of cryptocurrencies, exchange-based tokens are carving out their own path forward. However, these tokens often find themselves in the shadow of major players such as Bitcoin and Ethereum.
Highlighting the remarkable price advancements these coins have seen during this bullish period, here are our top three picks for cryptocurrency exchange tokens that offer the potential for significant profits.
Top Three Exchange-Based Cryptocurrency Tokens Poised for 50x Growth This Bull Season
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Binance Coin (BNB)
Binance Coin, commonly known as BNB, serves as the primary token for the Binance cryptocurrency exchange. Initially introduced to streamline trading on the platform, BNB has since evolved to encompass its own blockchain and a range of applications that utilize BNB for daily operations. With its diverse utility, BNB is positioned to deliver substantial profits.
According to CoinCodex, BNB could surge by 68% this bull season, potentially reaching $1,021.
“Binance Coin is projected to fluctuate between \(604.37 and \)1,021.78. If it attains the upper price limit, BNB could rise by 68.63% to hit $1,021.78.”
Currently, the token is valued at $605, reflecting a 0.3% increase in the last 24 hours.
Cronos (CRO)
Cronos stands as the primary token of the Cronos blockchain, developed by the renowned crypto.com exchange. As per CoinMarketCap, “CRO holders can stake their coins on the Crypto.com Chain to serve as validators and earn fees for processing transactions within the network. Additionally, CRO coins can be utilized to cover transaction fees on the Cronos Chain. Through the Crypto.com app, users have the opportunity to earn token rewards for specific listings by staking CRO.”
CoinCodex suggests that CRO is also poised for growth, potentially achieving new price milestones by the end of the ongoing bull season. This expansion could enable investors to diversify their token portfolios, including exchange-based tokens, which may prove to be a robust strategy for securing long-term returns.
“Cronos is anticipated to trade between \(0.109954 and \)0.173514. If it reaches the upper price threshold, CRO could climb by 32.55% to reach $0.173514.”
Presently, CRO is holding steady at $0.1311.
Uniswap (UNI)
Uniswap is a prominent decentralized cryptocurrency exchange renowned for its utilization of smart contracts to facilitate trades. The UNI token plays a crucial role in streamlining trading activities on the platform by serving as a token protocol that enables automated trading of decentralized finance (DeFi) tokens.
CoinCodex predicts a substantial 377% surge in UNI’s value by the conclusion of 2024, potentially tripling investors’ profits into the millions.
“Uniswap is expected to surge and reach \(38.40. If it achieves the upper price target, UNI could soar by 377.74% to hit \)38.40.”
At present, UNI is experiencing a 1% decline, trading at $8.05.