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dr_ed

Exchange Coins

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I think one reason we're seeing so much strength in exchange coins has to do with valuations. As the institutions buy into cryptos, these coins can be valued using revenue (something along the lines of discounted cash flow). In the same way that part of XRP's price being stuck has to do with difficulty in valuation, the phenomenon of exchange coins taking off is the flip side. jmho.

BNB is looking pricey, but I'd sure buy it on a broad market retrace. Some of the other exchange coins look better right now. Full disclosure, I am not currently holding any exchange coins.....just considering them as another way of hedging XRP and not losing out on the gains that are sure to accrue to some others in the early moves up off the bottom.

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