Hello everyone, I'm Penny.
Bitget's platform coin $BGB has recently dominated the cryptocurrency circle, and its market value has now exceeded $10 billion, jumping to the 19th place in the cryptocurrency rankings with a fully diluted valuation (FDV) of $14.3 billion. This surge is mainly attributed to Bitget's strategic expansion of the utility of $BGB within its ecosystem.
BGB hits all-time high at $8.3
According to recent data, the price of $BGB has been soaring. As of the time of publication of this article, the latest price has reached 8.3USDT, an increase of 380% in one month. This upward trajectory has set a new record for it.
Notably, $BGB’s trading volume even surpasses that of BNB, proving its growing popularity.
Another major development is that Bitget announced the merger of BWB (Bitget Wallet Token) and $BGB. After this integration, $BGB will become the unified ecosystem token of Bitget and Bitget Wallet, further consolidating its position in the cryptocurrency field.
The figure below is Aunt Ai’s inventory of the performance of major platform coins. From the perspective of price changes, if you hold $BGB and $GT, you can outperform BTC in all time dimensions this year. The annual growth ranking is: BGB > GT > BNB > MNT > OKB > HTX BGB / GT / MNT / HYPE.
These platform coins have performed well this year, and with BTC fluctuating slightly recently, most platform coins have been able to maintain their gains. However, the strong performance of HYPE and BGB in recent times is inseparable from their relatively late establishment, relatively active and aggressive style, and the need to establish a foothold with data in a short period of time.
Many people asked Penny whether to reduce positions as BGB continues to rise. According to the data, its market value has exceeded 10 billion and is about to surpass OKB. It has also been releasing good news. Penny personally suggests that the profits of this highly controlled coin can be sold in batches, and it is safer to reduce positions appropriately.
I am Penny, a long-term coin hoarder. I don't touch contracts or leverage. I make coins in a bear market and U in a bull market. If you are also such a person, then welcome to follow Penny.
Let us go through the bull and bear markets together, keep each other warm, and strive to be a thicker leek.