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$BGB, the utility token for the centralized crypto exchange (CEX) Bitget, is predicted to reach $10 by the end of Q1 2025 and up to $30 at year-end.
Crypto exchange Bitget’s native token $BGB is predicted to reach $10 by the first quarter of 2025 and up to $30 by year-end, according to an analysis by Bitget Research.
Here’s a guide to help crypto traders who want to invest in utility tokens of different centralized crypto exchanges (CEXs).
At the end of December 2024, Bitget burned 40% of the total supply of $BGB, or about $5 billion.
5 Reasons Why BGB Could Reach $30 By End-2025
The analysis laid out five reasons why $BGB could reach $10 in Q1 2025 and $30 at the end of the year:
Reason #1: Bitget’s newly updated whitepaper explains a deflationary model for $BGB, which enhances investor confidence, the analysis wrote.
Reason #2: $BGB’s use cases are expanding and are not just a gas fee token, it clarified.
Reason #3: Bitget as an expanding CEX means more and more traders will use $BGB for trading fees.
Reason #4: The market’s positive sentiment on Bitget and $BGB can attract more users, investors, and token holders, as per the prediction.
Reason #5: The integration of $BGB AND $BWB eliminated user confusion and unified incentives.
To further prove that their predictions might be true, the analysis compared $BGB to the utility tokens of two other CEX giants, Binance’s $BNB and OKX’s $OKB.
Comparison #1: $BGB performed a better price action than $BNB and $OKB, recording a 30-day price increase of 153.59% and an annual growth of 880.63%.
Comparison #2: $BGB’s market cap also performed better than $BNB and $OKB with a record of +208.98% in the past 30 days and 828.09% over the year,
Comparison #3: $BGB has a higher average trading volume than $OKB but lower than $BNB.
Comparison #4: $BGB’s Volume per MarketCap (V/MC) ratio is at 3.12%, higher than $OKB’s 0.53%.
Comparison #5: $BGB’s utility is wider compared to $OKB and $BNB.
Despite the good arguments of the analysis on why $BGB could fly to the moon, the analysis reminded potential investors:
“While these predictions highlight BGB’s promising trajectory, investors should consider market volatility and conduct thorough research before making investment decisions. As Bitget continues innovating and delivering on its strategic commitments, BGB is poised to remain a standout performer in crypto.”
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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