"Is it worth hoarding platform coins when the team is working?"

CN
1 year ago

Platform tokens often have greater potential for growth and imagination when the bull market arrives.

Author: Martin Talk

Platform tokens are one of the important investment tracks in the field of cryptocurrency, and it is wise to lay out in this area at the beginning of the bull market. Platform tokens not only have higher certainty and relatively lower risk, but also have huge potential for future appreciation. This article will analyze the opportunities and investment logic of the platform token track to provide reference for investors.

Some platform tokens have strong momentum, with BGB's annual increase exceeding 200%

First of all, we have noticed the strong performance of platform tokens recently. Taking Bitget's platform token BGB as an example, since the beginning of this year, its value has risen by more than 200%, making it one of the best performing platform tokens this year. This is closely related to the rapid development of the trading platform Bitget behind it. As one of the top 5 global trading platforms, Bitget's market share has been continuously expanding, rising from 2% at the beginning of the year to 7% now.

While the top platform tokens have large market capitalization, their upside potential is limited. Taking BNB as an example, it ranks in the top 4 by market capitalization, but its year-to-date increase is only 2%. On the other hand, the rapidly developing OKX and Bitget have seen significant increases in the prices of their platform tokens, rising by 125% and 210% respectively.

Although we are still in a bear market, BGB and OKB are showing strong momentum in the upward channel. Once the bull market arrives, their upward trend will be magnified, and the momentum will be even more sufficient.

Expected returns from holding BGB

In addition to the profits from the rise in BGB's price, holding BGB also allows participation in Bitget Launchpad, Launchpool, and super airdrops, which will bring more expected returns to BGB holders. Let's do a simple calculation:

  • Currently, Bitget has launched 11 Launchpad projects. Since the beginning of 2023, 6 projects have been launched, with an average of a new project every 1.5 months, ranking first in CEX in terms of frequency. On the other hand, in terms of returns, according to CryptoRank's data, the average historical highest return on investment for all Bitget LaunchPad projects in 2023 is 4190%. According to images shared by community users, the increase in value of its Launchpad projects basically starts at 20 times. And if calculated in USDT, with the minimum cost of participation each time, the average highest return is $857, which is quite considerable.

  • In addition, if you hold BGB, you can also participate in Bitget's LaunchPool. Currently, LaunchPool has launched 53 projects, with an average of 4 new projects launched every month. Based on the recent returns, the average return on investment for projects is about 3%. This means that through LaunchPool, you can roughly get a 12% return each month.

  • Furthermore, BGB holders can also receive super airdrops. Bitget's super airdrop has listed 91 projects, and nearly 20 new projects will be airdropped to BGB holders every month.

By holding BGB and gaining returns from its LaunchPad, LaunchPool, and super airdrops, if all these returns are exchanged for BGB tokens and estimated to start with a 10-fold increase in BGB's price in the next bull market, it is easy to achieve the snowball effect of compounding interest, thereby gaining huge potential returns.

Conclusion

In summary, in the early stages of the bull market turning into a bear market, cryptocurrency users can consider laying out some platform tokens that have performed well in the bear market, are in an upward trend on their respective platforms, and can bring various expected returns. These types of platform tokens often have greater potential for growth and imagination when the bull market arrives. By reasonably allocating assets and investing in platform tokens with potential, investment risks can be reduced, and better investment returns can be achieved.

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