Investing in DEX Tokens – See What I Discovered
Investing in DEX Tokens – See What I Discovered
I did a small study on DEX tokens as I considered various asset classes to pack up my portfolio. It became clear the cryptocurrency market is expanding rapidly, the DEX sector value above $25.99 billion, and offer a diverse range of assets. I checked nine dynamic DEX tokens – Uniswap (UNI), THORChain (RUNE), Jupiter (JUP), dYdX (DYDX), Synthetix (SNX), PancakeSwap (CAKE), Curve DAO (CRV), Loopring (LRC), and Injective (INJ). Their tokens have survived many market fluctuations providing investors with opportunities to diversify their portfolios with high-potential assets that could yield substantial returns.
While I think of Dex tokens to be sustainable, I’m looking at the possibility for the value of these tokens to make X2 or X3 in a short period since they are already consolidated. I’m also looking at Hiveswap (HIVP) which is relatively new and the token recently listed on several exchanges.
Guys, what do you look for if you wish to invest in any DEX token.
you gonna be an early bird investor since it’s just listed in one exchange. the only way to find out whether the dex can also stand the test of time is to stick around with the exchange til it fully matures. it still looks the same as the rest of the swap platform with its Defi system.