Bitget, one of the leading crypto exchanges, is making waves in the market and its native token, BGB, has recently reached another all-time high (ATH), marking the seventh milestone of this year.
In this analysis, we delve into the complexities of Bitget’s performance and provide a technical forecast for BGB in 2024.
The current status of the BGB crypto token on the Bitget exchange
The importance of Bitget is evident in its average daily volume of futures trades, which stands at a whopping $12 billion, a figure that is about 60% higher than the second-ranked OKX.
However, one noteworthy aspect to consider is that, despite this robust volume of trades, the total market value of BGB is a modest 1.6 billion dollars.
In stark contrast, OKX’s native token, OKB, has a market value of 16 billion dollars.
This apparent underestimation of BGB requires a more in-depth examination of its potential.
Understanding the cyclical nature of exchange activities is crucial for evaluating the prosp
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