Some tokens on exchange sites like the Binance coin are underestimated, while some, such as the kucoin share, are overvalued, the newest report by TokenInsight suggested.
The news also stated that correct approximations are hard to obtain in the crypto sphere but that exchange tokens can be valuated pretty correctly thanks to properties of solid currency flows, allowing the formation of fair pricing.
A number to valuation metric was utilized, counting in the Pricing to Profits proportion, the Earnings Yield, the Pricing/Profits to Growth, Pricing to Burn, Burning Return, Marketplace Capitalization…
Here are the results:
Binance coin: pricing aim $27.5 to $32.3; cost at the moment $21.6.
Huobi: pricing aim $6.5 to $7.2; cost at the moment $4.5.
Global utility token: pricing aim of $6.2 to $6.5; cost at the moment $5.3.
FTX token: pricing aim $3.7 to $4.2; final cost per report $3.5; cost at the moment $3.8. FTX is the line token here that is at the moment within the cost aim scope established by TokenInsight.
Kucoin shares: pricing aim $0.89 – $1.06; cost at the moment $1.23.
LEO token: pricing aim $0.94 – $1.17; cost at the moment $1.24.
HBTC token: pricing aims $2.99 – $3.7; latest pricing for each report $3.2; cost at the moment $3.84.
BitMart Token: pricing aim $0.018-$0.023; latest pricing for each report $0.02; cost at the moment $0.03.
These coins were hovering over their pricing aim when this was written, so they went over the standard valuation scope.
The majority of exchange tokens are underestimated at the pricing of 3 months ago. Then, just LEO was named overvalued, and the rest were named as undervalued.
The report found that from the positive climb in the crypto-marketplace at large, the majority of exchange platform tokens are also on an upside trend and are undervalued. Some are within a standard period and are moving on in average fashion.