3 Crypto Exchange Coins To Buy On Low Prices – June 2021

Binance’s Crypto Card Provider Swipe Plans a US Launch
Binance’s Crypto Card Provider Swipe Plans a US Launch

The crypto exchange coins have, in the past few years become an essential part of the market. These tokens allow exchange platforms to grow well-rounded ecosystems that are self-sustainable. Thus many exchanges currently prefer to issue tokens for paying trading fees and creating vibrant communities.

Binance Coin (BNB) is the native token of Binance, a gigantic Malta-based exchange company. BNB has grown to become the most valuable exchange coin with a market capitalization of $54 billion. Moreover, it is the fourth-largest digital asset in the market, attracting an average of $60 billion in trading volume daily.

Other exchange coins include KuCoin, Kyber Network, LATOKEN, Hotbit, Huobi Token, liquid, OKEx, Gate.io, Global, and iqfinex. Exchange coins stand out among their peers for their prominent utilities on the different platforms. Hence, like Binance Coin, Huobi Token and KuCoin Token could offer top returns.

1. Binance Coin

Binance Coin executes on Binance Smart Chain (BSC), a fast-growing smart contract platform. Binance Smart Chain has soared to popularity in recent times, bolstered by the emergence of decentralized finance (Defi) tokens and the issues Ethereum faces, such as high gas fees and lack of scalability.

The utility of Binance Coin continues to grow with the expansion of the exchange products and BSC. Moreover, Binance periodically ‘burns’ the tokens to reduce supply, thus increasing demand.

At the time of writing, BNB trades at $350 while battling the resistance at $365. The recent bull cycle saw the token almost touch $700. Experts believe that BNB has the potential to hit $1,000 by the end of 2021.

BNB/USD 4-hour chart

BNB/USD price chart
BNB/USD price chart by Tradingview

2. Huobi Token

Huobi Token is a native token of Huobi Exchange. The exchange platform has listed over 300 crypto assets and reports an average volume of $38 billion daily. Markets offered on this exchange include spot trading, derivative trading, and other financial services.

Note that users mainly use Huobi Token to pay for trading fees. Additionally, the company encourages users to pay fees using HT to access bonuses and discounts.

According to CoinGecko, Huobi Token trades at $12.9 at the time of writing and has attracted $1.2 billion in trading volume in 24 hours. The token hit an all-time high of $40 in May and still has the potential to rise to higher levels as the market enters into another bull cycle.

HT/USD 4-hour chart

HT/USD price chart
HT/USD price chart by Tradingview

3. KuCoin

KuCoin Token (KCS) is ranked 105 by CoinGecko. The coin boasts a $678 million market cap and has attracted a $21 million trading volume in 24 hours. KuCoin is the exchange coin native to KuCoin.

Following the May price crash, KCS plunged to $4.5, but an immediate recovery took place, with the token rising to $9.5. At the time of writing, KuCoin Token teeters at $8.5 while bulls battle resistance at $9.5, reinforced by the 200 SMA and the 100 SMA.

KCS/USD 4-hour chart

KCS/USD price chart
KCS/USD price chart by Tradingview

Breaking above the immediate resistance will likely catapult KuCoin above $10. Its all-time high sits at $20, but the next bull cycle could blast it to higher price levels.

Remember, all trading carries risk. Past performance is no guarantee of future results.

John is a renowned cryptocurrency technical analyst and journalist. Having worked for leading crypto/Forex news outlets such as FXStreet, Coingape, and Trading Education, John's knowledge of the market is outstanding. he carefully delivers analysis pieces combining both on-chain and technical data to provide a profound outlook of the market. Follow him on Twitter @jjisige