First before we dive into the discussion of utility tokens, let's clarify the difference between a Coin and a Token. A coin is a digital asset that is used as a medium of exchange and is created and stored electronically, used to access goods and services. A coin is created on its own blockchain example Bitcoin and are not backed by any government or central bank. Coins are typically decentralized, meaning they are not controlled by any single entity.

while Tokens are typically used to facilitate transactions on a blockchain, tokens don't have their own blockchain, It's built on another blockchain example is Basic Attention Token (BAT) which is built on the Ethereum blockchain. There are Utility tokens and tokens without utility.

Utility tokens are tokens that are used to access a product or service. They are to be used to access a platform or service, for example a trading exchange. Utility tokens are often used to incentivize users to use a platform or service, as they can be used to purchase goods or services within the platform. They can also be used to reward users for their participation in the platform.

Crypto exchanges tokens are an important part of the exchange ecosystem and a good utility (Use case) for a token. They provide incentives for users to use the exchange, and they are also used to reward users for their loyalty. Crypto exchange tokens are often used to fund development and marketing efforts, as well as to provide liquidity to the exchange. The performance of these tokens nevertheless have significant impact on the success of the exchange and how investors perceive the exchange. As such, it is important for exchanges to monitor the performance of their tokens and take steps to ensure that they remain attractive to users.

While I pounder and researched on which exchange token is worth holding long term among other tokens with good utility even as many Crypto enthusiasts anticipate the bull run, I stumbled upon a report by TokenInsight that claims the Majority of Exchange Tokens Are Not As Profitable As $BTC except for $MX and $BGB.

According to these report's analysis of a number of exchanges token performance, $MX and Bitget Exchange token $BGB are reported to have largest price gains since the beginning of the year, up 234% and 134%, respectively. Should a report as these justify a buying decision of an investor who desire to hold some tokens long term in anticipation of the bull run?

Reports like this are called Fundamental and Technical analysis, they are usually helpful in making informed decisions. Exchange tokens are just like other alts but this time around with a sound community behind it, and the success of $BGB and $MX has been seen in their contribution to the space. $BGB seem to have the most commitment and dedication that we can point to as a good usecase, hence the trend, I'm sure the bull market will bring in the best in this token. Nice one there.

MantheDude:
Reports like this are called Fundamental and Technical analysis, they are usually helpful in making informed decisions. Exchange tokens are just like other alts but this time around with a sound community behind it, and the success of $BGB and $MX has been seen in their contribution to the space. $BGB seem to have the most commitment and dedication that we can point to as a good usecase, hence the trend, I'm sure the bull market will bring in the best in this token. Nice one there.

It's exciting to see this thread again. I guess when this was posted BGB was around $0.7 and now have crossed $1.04. what an exciting time to be a holder. Which other exchange token is worth holding this time along with Bitget token?