Source link: https://bitcoinist.com/three-factors-indicate-that-the-bgb-token-could-reach-5-in-2024/
Current BGB price: $1.06
This content is not for promotion/financial advise hence readers are advised to DYOR before investing and always invest what you can afford to lose.
The crypto industry is a rewarding industry for patient people and not the get rich platform that many people considered it to be. Making money in crypto requires knowledge, strategy, time and patience to succeed. Those that came to the space with the intention to make fast and quick money often end up losing their funds.
A lot of crypto has experienced significant surge in price in the last couple of years and the centre of discussion for this content is BGB, the native token of Bitget exchange. Launched on July 26, 2021 at a price of $0.058, the token has experienced remarkable growth gaining over 1500% since launch and 184% in the last one year. Wondering why expert is predicting it to reach $5 in 2024, the reason is not far fetched from its amazing utility and tokenomics which is quite appealing. Comprehensive details of its use cases can be obtain from this white paper:
https://img.bitgetimg.com/video/BGB-whitepaper-EN.pdf?locale=en
BGB growth has been quite incredible in the last one year breaking several ATH and setting a new one respectively. In 2024 alone, BGB has broken its ATH 7 times reaching $1.48 on June 1st 2024 solidifying its acceptance by vast majority of investors and traders. The ecosystem development aimed at rewarding users further adds an appeal to its global adoption. Product like PoolX aimed at rewarding stakers with new crypto has seen huge adoption. Other products like launchpool, launchpad, super airdrop, flexi savings and the rest has made holding BGB worthwhile.
Bitget userbase expansion from 20 million users to 25 million users in 2024 alone speaks volumes. As the exchange continues to experience remarkable growth in size, it is only logical that adoption of BGB will increase which will ultimately leads to more price surge. Similarly, with more use cases emerging from the coin, there is high possibility that the token might attain the $5 mark especially as we anticipate the bullrun ahead. What's your take?