A Closer Look at the Rise of the Crypto Exchange Token

Crypto Exchange Tokens have seen something of a surge so far this year, and as most have so far out performed the top 30 cryptocurrencies, I thought it was time to dig a little deeper and try and quantify just what’s been happening.

With increased trading volumes, dividends paid exchange revenues and new Initial Exchange Offerings open only to token holders, it’s easy to see why crypto exchange tokens have had such a good start to the year.

The above chart is a good demonstration of how well these tokens have in fact done in the last 3 months. It represents the cumulative returns, in USD, of each exchange token, with the black line representing the average cumulative returns of the top 30 crypto currencies, along with a simple regression line.

I find looking at charts such as this useful from time to time as a means of visualising exactly what’s been going on, and with some exchange tokens out performing the market by nearly 100%, it possibly begs the question, are they finally over priced? GL.