Interesting centralized exchange tokens worth your attention at the start of February, 2022

Interesting centralized exchange tokens worth your attention at the start of February, 2022

By Milko Trajcevski - min read
Updated 21 March 2023
  • BNB saw an increase in trading volume by 15% in the last 24 hours.

  • CRO saw an increase in its value by 4% in the last 24 hours.

  • FTX saw an increase in its trading volume by 152% in the last 24 hours.

Binance Coin (BNB), Crypto.com Coin (CRO), and FTX Token (FTT) are all cryptocurrency tokens that are utilized by cryptocurrency exchanges.

They provide numerous benefits on the exchanges they are based on to the holders of the tokens, such as discounts, access to features, or staking opportunities.

Each token has a high level of utility associated with it and, as such, can increase in value throughout the following months.

Should you buy Binance Coin (BNB)?

On February 1, 2022, Binance Coin (BNB) had a value of $383.

The all-time high value of Binance Coin (BNB) was on May 10, 2021, when the token reached a value of $686.31. This made the token $303.31 higher in value or by 79%.

In terms of the performance throughout January, Binance Coin (BNB) saw its highest point on January 3, with a value of $531.

Its lowest point was on January 24, when it decreased to $342. This marked a decrease in value of $189 or by 35%.

With this in mind, BNB is a solid buy as it can reach $400 by the end of March 2022.

Should you buy Crypto.com Coin (CRO)?

On February 1, 2022, Crypto.com Coin (CRO) had a value of $0.4289.

The all-time high value of Crypto.com Coin (CRO) was on November 24, 2021, when the token reached a value of $0.965407. This means that the token, at its ATH, was $0.536507 higher in value or by 125%.

In terms of the performance throughout January, Crypto.com Coin (CRO) saw its highest point on January 3, with a value of $0.5877, while its lowest point was on January 22 with a value of $0.3314.

This essentially indicates that the token decreased in value by $0.2563 or by 43%.

With this in mind, at $0.4289, CRO is a solid buy as it can reach $0.7 by the end of March 2022.

Should you buy FTX Token (FTT)?

On February 1, 2022, FTX Token (FTT) had a value of $43.5.

The all-time high value of FTX Token (FTT) was on September 9, 2021, when the token reached a value of $84.18. This made the token, at the time of its ATH, $40.68 higher in value or by 93%.

In terms of the performance throughout January, FTX Token (FTT) saw its highest point of value on January 20, with a value of $49.6.

Its lowest point was on January 24, with a value of $31.9. This indicated a decrease of $17.7 or by 35%.

However, from January 24 to February 1, the token increased in value by $11.6 or by 36%.

With this in mind, we can expect FTT to reach $50 by the end of March 2022, making it a solid token to buy.