BGB is a token associated with the Bitget exchange. Since its launch in July 2021, BGB has reportedly experienced significant price appreciation, with claims of a 1,562% increase since launch and a 184% increase in the past year.
Key factors potentially influencing BGB's value include
The launch of PoolX, Bitget's crypto staking platform, where users can stake BGB for rewards.
Increasing trading volumes, as more users adopt the token.
Potential growth in market share and market cap as the number of issued tokens increases.