Bitget Token (BGB) has soared to a record high of $6.80, marking a staggering 325% increase over the past month and a 44% gain in just the last week. The reason behind this surge is speculatively the merger of Bitget Token (BGB) and Bitget Wallet Token (BWB).
The impressive rally has propelled BGB’s market cap to $9.52 billion, with a 24-hour trading volume of $1.3 billion—an increase of 267.88%.
However, analysts warn that the current surge may be nearing its peak. The Relative Strength Index (RSI), a key technical indicator, suggests that the token is in overbought territory, signaling a potential for short-term price consolidation.
There has been a lot going on with Bitget and maybe that is the reason why Bitget’s price reached an all-time high. Recently, on December 19, Bitget partnered with TRON, one of the best blockchain networks to make blockchain technology more easy and accessible.
Bitget is the world’s 6th largest crypto exchange in trading volume with a circulating supply of 1.4 billion coins among 2 billion BGB coins.
