Supreme Throughout Time, BGB Tokens Exceed The Price Of US$1.50

Photo: Special

JAKARTA - Bitget, cryptocurrency exchange and leading Web3 company, BGB, recently surpassed the US$1.50 mark, and set an all-time high.

Despite this achievement, its market valuation appears to be lagging behind bitget's rapid operating expansion, suggesting an undervalued potential (evaluation is rated too low).

If the anticipated market upward trend continues into Q1 2025, the price of BGB and related benefits, such as the Launchpool prize for the BGB holder, are expected to increase significantly.

Recent data show a bitget increase trajectories. The 24-hour derivative trading volume of the platform hit $77 billion last week, positioning it right behind Binance.

According to Data.ai, the Bitget application was downloaded 1.92 million times in October, ranking third among globally centralized exchange applications, after Binance and OKX.

Similarweb reported Bitget's monthly visit in October reached 22.11 million, an increase of 266 percent from 6.039 million in October the previous year.

BGB's performance reflects the growing foundations of the Bitget platform. Over the past year, few tokens have matched the Bitcoin growth trajectory; BGB is one of the tokens that can match it.

Even with his impressive advantages, BGB may still be undervalued.

Bitget Token, BGB has reached its newest all-time high (ATH), recently breaking 1.50 US dollars and more than that in the last 24 hours. This makes the token the first major CEX token to reach ROI and performance like this in 2024.

According to Coingecko, BGB has penetrated more than four of the all-time highs this year, breaking 1 US dollar starting from February and $1.36 in April, $1.44, in June and $1.50 recently following Bitcoin's performance which also reached ATH.

The Bitget platform and the growth of its own ecosystem have become the main factors in the performance of BGB prices.

Bitget has also reportedly shown good performance through several achievements.

The first is hitting ATH trading volume and daily active traders among competitors during a market spike according to the Coingecko website.

The most highlighted achievement was from the derivative trading volume with an increase of 1.7 percent and jumped to 1.51 trillion US dollars, which surpassed Bybit and OKX as the main competitors and took 2nd place, only with Binance as market leader at the time.

Second, according to a data report.ai tools that the Bitget app has been downloaded 1.9 million times in October, making Bitget the third most downloaded CEX app globally with Binance and OKX.

Bitget website monthly traffic also increased by +266 percent yoy based on the Similarweb report.

Lastly, Bitget's latest Launchpool is also another factor in BGB's latest performance. Since September, Bitget has been doing Launchpools in several trending and popular tokens such as ORDER, CEC, MAK, WAT, CATS, PUFFER, CROS, X, SWELL, and PEAQ featuring BGB pools for users to participate with high yield-APR yields for BGB holders as an advantage.

BGB's wealth narrative can become stronger if Bitget can continue and consistently provide more benefits for investors to have BGB and can be widely used in their own ecosystem.