Given the current trend of increased activity in both the spot and derivatives market for crypto trading, a number of exchange tokens may represent good investment opportunities at current prices, according to token data and rating agency TokenInsight.
In its latest Exchange Token Valuation Report, the agency said that it has “discovered that most exchange tokens are undervalued” at present prices. To arrive at this conclusion, the report used a range of different metrics, including the Price to Burn ratio, Price to Earnings ratio and several other less known metrics, to calculate a “price target” for each token.
The exchange tokens covered in the study were Binance coin (BNB), Huobi token (HT), OKEx token (OKB), FTX token (FTT), KuCoin shares (KCS), and Leo token (LEO), as well as the less known tokens HBTC captain token (HBC) and BitMart token (BMX).
Among these, only BitMart’s BMX and Bitfinex’s LEO were deemed “overvalued,” while all the others received an “undervalued” rating.
Notably, BNB was given a target price of USD 20 to USD 22 by TokenInsight, which represents an increase of between 15% and 25% from the current price level of around below USD 17 per coin. According to the research firm, Binance is “a strong market contender” that has