Report: Can BGB Token Reach $30 By Q4 2025?
$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.
What’s the Significance? The analysis from Bitget Research gives a guide to crypto traders who want to invest in utility tokens of different CEXs.
Zoom Out: At the end of December 2024, Bitget burned 40% of the total supply of $BGB, or about $5 billion.
- The Aftermath: The burning activity of the token influenced $BGB to reach an all-time high of $8.49.
The Reasons: Why $BGB Would Reach $30 by End-2025
There are five reasons that the analysis laid on 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.
- It is because the CEX giant introduced a quarterly buyback-and-burn mechanism that commits 20% of Bitget’s profits from exchange and wallet services to $BGB buybacks, reducing supply and increasing scarcity.
Reason #2: $BGB’s use cases are expanding and are not just a gas fee token, it clarified.
- Currently, $BGB’s functionality can now be used for participation in Launchpad, Launchpool, and ecosystem governance.
- The token is now also integrated into Bitget Wallet and Morph blockchain, expanding its use cases in DeFi and PayFi and the whole Bitget’s ecosystem.
Reason #3: Bitget as an expanding CEX means more and more traders will use $BGB for trading fees.
- Recently, Bitget reported exceeding a user base of 100 million from 150 countries.
- For the analysis, the reason for Bitget’s continued expansion is its consistent innovations in the trading space, such as copy trading and pre-market.
Reason #4: The market’s positive sentiment on Bitget and $BGB can attract more users, investors, and token holders, as per the prediction.
- The positive market sentiment can be seen in $BGB’s +153% in the past 30 days and an 880% increase over the past year, they argued.
Reason #5: The integration of $BGB AND $BWB eliminated user confusion and unified incentives.
- Because the whole Bitget ecosystem now has one token, according to the analysis, traders will be used to simpler trading and wallet services.
The Ongoing Battle: $BGB vs Other CEX Tokens
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.
- In terms of growth, the analysis said $BGB still had a good performance with monthly trading volume increased by 264.02%, and its year-over-year growth reached +1,335.08%.
Comparison #4: $BGB’s Volume per MarketCap (V/MC) ratio is at 3.12%, higher than $OKB’s 0.53%.
- The analysis explained that a higher ratio indicates that $BGB might still be undervalued, suggesting significant potential for further price growth.
Comparison #5: $BGB’s utility is wider compared to $OKB and $BNB.
Reminder
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.”
This article is published on BitPinas: Report: Can BGB Token Reach $30 By Q4 2025?
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