CEX vs DEX tokens, which ones to get and why

Both CEX and DEX tokens have found their place within the crypto sphere.

Each type of cryptocurrency plays a role in the overall development, progression, and value of its ecosystem.

We are going to go over why BNB, CRO, UNI, and CAKE are some of the best CEX and DEX tokens you can get.

There’s a centralized exchange (CEX), and then there’s a decentralized exchange (DEX). 

A centralized exchange typically has its own order book, and each order is recorded and validated. 

CEXs operate under regulatory supervision and have know-your-customer policies built in. 

A decentralized exchange offers core functionalities found in a CEX, such as order books or automated market maker (AMM) models, a trading venue, a matching system, and security functions. 

However, in all DEXs, each function is decentralized. 

This means that it is not based on internal servers and its own IT infrastructure but is a decentralized application (dApp) that operates on top of blockchain technology.

Today, we are going to go over the CEX tokens BNB (BNB) and Cronos (CRO), as well as the DEX tokens Uniswap (UNI) and PancakeSwap (CAKE). Let’s dive in.

Should you buy BNB (BNB)?

On June 2, 2022, BNB (BNB) had a value of $303.9

BNB (BNB) had its all-time high on May 10, 2021, at $686.31.

When we take a look at the token’s performance throughout the previous month, BNB (BNB) had its highest point on May 5 at $409.56.

Its lowest point of value was on May 12 at $227.46. Here we can see that the token decreased in value by $182.1 or by 44%.

However, it has since then increased to $303.9, and at this rate, we can expect the cryptocurrency to reach $360 by the end of June 2022.

Should you buy Cronos (CRO)?

On June 2, 2022, Cronos (CRO) had a value of $0.1811.

When we look at its all-time high, Cronos (CRO) had a value of $0.965407 on November 25. 2021.

Going over the performance throughout the previous month, Cronos (CRO) had its highest point on May 5 at $0.3131. Its lowest was on May 27 at $0.1661.

Here, we can see a decrease of $0.147 or 47%. Since then, CRO has increased by $0.015 or by 9% and can reach $0.25 by the end of June 2022, making it a solid buy.

Should you buy Uniswap (UNI)?

On June 2, 2022, Uniswap (UNI) had a value of $5.25.

Going over the cryptocurrency’s all-time high, Uniswap (UNI) had a value of $44.92 on May 3, 2021.

Going over the performance throughout last month, Uniswap (UNI) had its highest point on May 5 at $8.04, while the lowest point was on May 12 at $4.12. Here we can see a decrease throughout last month of $3.92 or by 48%.

This means that the UNI token is steadily rising, and at $5.25, it’s a solid buy as it can climb to $7 by the end of June. 2022.

Should you buy PancakeSwap (CAKE)?

On June 2, 2022, PancakeSwap (CAKE) had a value of $4.30.

When we take a look at the token’s all-time high, PancakeSwap (CAKE) had a value of $43.96 on April 30, 2021.

Going over the performance throughout the previous month, PancakeSwap (CAKE) had its highest point on May 5 at $7.87, while its lowest was on May 12 at $3.42.

Here we can see that the token decreased initially by $4.45 or by 56%.

From May 12 to June 2, the token has increased in value by $0.88 or by 25%.

With this in mind, we can expect CAKE to reach a value of $7 by the end of June 2022.

The post CEX vs DEX tokens, which ones to get and why appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

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