Bitget BGB Token Soars 243% to New ATH of $5.89, Becoming 23rd-Largest Crypto
Bitget’s native token, BGB, has experienced a significant surge, propelling it to the 23rd position in the global cryptocurrency ranking. In the past month alone, BGB has witnessed an explosive rally of 243%.
BGB has showcased remarkable performance in the final days of 2024, with its value skyrocketing by over 200% in the past 30 days. Previously valued at around $1.6, the token has now surpassed the $5 mark.
Prominent Chinese reporter Colin Wu drew attention to BGB’s impressive performance in a tweet. He highlighted that the token had climbed to the 25th position in the global cryptocurrency ranking, with a market capitalization of $7.55 billion and a token value of $5.43.
Remarkably, BGB’s surge has continued, reaching a new all-time high of $5.89 and bringing its market capitalization to a staggering $8.24 billion.
However, the token has experienced a slight dip, currently priced at $5.76 per token, with a market capitalization of $8.06 billion.
Despite this dip, BGB still registers a 15.93% increase in the past 24 hours, a 27.48% increase over the past week, and an astounding 243% increase in the past month. According to data from CoinMarketCap, BGB now ranks as the 23rd largest token in the global cryptocurrency ranking.
Furthermore, BGB currently boasts a trading volume of $470.04 million, reflecting a 67.82% surge in the past day.
Bitget has also announced a $2,000 giveaway for BGB holders as part of a celebration campaign. To be eligible, users must hold 100 BGB tokens from December 19, 10:00 (UTC), to December 25, 2024, 10:00 (UTC). Additional requirements include joining the BGB community, completing a HYPE/USDT deposit, and trading any token amount during the campaign period.
Additionally, data from IntoTheBlock reveals that all BGB holders are currently profitable due to the recent price surge. The majority of BGB holders are long-term investors who have held the token for over a month. According to the data, 37% of BGB holders have held the token for over a year, 61% for 1 to 12 months, and the remaining 2% are short-term traders who have held it for less than 30 days.