When a narrative surfaces (Coinbase IPO = Exchange Token go up), usually the most favourable play is to load the truck up on the flagship asset most representative of that, instead of looking to play underdogs.
Being a native token of a growing network sure helps too.
$BNB
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Frontruns both of you with
$LEO from the og exchange now underdog of underdog and loathed by tether-truthers, Bitfinex...pic.twitter.com/JolRiZBSpI - Show replies
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Ape into CZ
And agree, if you have some level of knowledge it's not worth buying the indices for longs.
But they're great vehicles to short and hedge (esp defi-perp).