Sun. Aug 7th, 2022

  • Centralized exchanges are most commonly used by beginners.

  • As the cryptocurrency industry grows, so does its utility.

  • That means we can see an increase in the value of each exchange's native tokens.

Binance Coin (BNB) is the native cryptocurrency token used on Binance and has multiple use cases. It serves as a utility token and even allows users to get discounts while paying their trading fees.

The FTX Token (FTT) is a native cryptocurrency token of the FTX ecosystem. It is specially designed to give users discounts on trading fees and some rewards.

OKB is OKEx's native utility token that allows users to access the exchange's special functions.

Should You Buy Binance Coin (BNB)?

On November 24th, Binance Coin (BNB) was worth $ 591.

To get a better idea of what exactly this means for the token, we will compare its current value with its all-time high as well as its performance in October.

BNB hit its all-time high on May 10th when it hit $ 686.31. This is a $ 94.91 difference in value, or 16%, from the November 24th value.

In terms of October performance, the token hit its lowest value on October 1 at $ 393.89.

The month's highest performance was on October 30th when the value rose to $ 536.57.

This is a price increase of $ 142.68, or 36%, during this period.

However, BNB has the potential to hit $ 600 by the end of November, making the token a solid buy.

Should you buy FTX tokens (FTT)?

On November 24th, the FTX Token (FTT) was valued at $ 49.456.

To get a better idea of what exactly this means for the token, we will compare its current value with its all-time high as well as its performance in October.

FTT had its ATH value point on September 9th when it hit $ 84.18. This is a $ 34.724 price difference, or 70%, compared to the November 24th value.

The October FFT token's lowest value was on October 1, when it hit a value of $ 51.45.

However, its highest point was on October 26th when it hit a value of $ 68.35.

This is an increase in value of $ 16.9, or 32%.

Hence, we can expect the FTT token to hit $ 55 by the end of November, making it a solid buy.

Should you buy OKB (OKB)?

On November 24th, OKB (OKB) was valued at $ 23.84.

To get a better idea of what exactly this means for the token, we will compare its current value with its all-time high as well as its performance in October.

OKB hit its all-time high on May 3rd when it hit $ 44.01. This is a $ 20.17 price difference, or 84%, from November 24th.

If we go through October performance, the token hit its low on October 1st when it was trading at $ 15.73.

Its highest value was on October 23 when the token hit a value of $ 28.7. Here we can see that the value of the token has increased by $ 12.97, or 82%.

With that in mind, we can expect OKB to hit $ 27 by the end of November, making it a solid buy.

The post Top 3 centralized exchanges (CEX) to buy on November 24th: BNB, FTX and OKB appeared first on BitcoinMag.de .

By Dov Herman

Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on TrustedBrokerz and across the web.