Bitget Token (BGB) surged 325% in a month which made the token hit an all-time high of $6.80, driven by its merger with Bitget Wallet Token and a new partnership with TRON. Analysts caution about potential price consolidation.
Bitget Token (BGB) has been on a serious rocket ride, skyrocketing by 325% over the last month and hitting a new all-time high of $6.80. The price surge is being linked to the merger of BGB with Bitget Wallet Token (BWB), sparking a huge rally.
With the token’s market cap now at $9.52 billion and trading volume hitting $1.3 billion—up a whopping 267.88%—things are looking pretty wild for BGB. But before you dive in, experts are raising some flags. The Relative Strength Index (RSI) is showing that BGB might be in overbought territory, hinting at a potential price dip or consolidation soon.
One of the major catalysts behind this surge is Bitget’s recent move to partner with TRON, a big player in the blockchain world. This partnership aims to make blockchain tech more accessible to everyone, adding more fuel to the fire.
Currently, Bitget is the 6th largest crypto exchange globally, and with a circulating supply of 1.4 billion BGB coins out of 2 billion, it’s clear that BGB has a lot of room to grow. Just be cautious—prices might stabilize soon!
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