Bitget BGB Token Soars 243% to New ATH of $5.89, Becoming 23rd-Largest Crypto

Bitget’s native token, BGB, surges tremendously to the 23rd spot in the global crypto ranking, following an explosive rally of 243% over the past month.  BGB has had an incredible performance in the final days of 2024, surging by more than 200% over the past 30 days. The token, which hovered at around $1.6 last month, has soared above the $5 mark in the hours leading up to press time.  BGB Outstanding Performance  Prominent Chinese reporter Colin Wu first called attention to BGB’s impressive performance in a tweet earlier today. He noted that the token has soared to the 25th spot in the global crypto ranking. At the time, BGB’s market cap stood at $7.55 billion, with a token worth $5.43.  Interestingly, BGB continued its surge, hitting a new all-time high of $5.89 today, bringing its market cap to a staggering $8.24 billion.  However, the token has witnessed a slight dip, plunging to a price of $5.76 per token at press time. Its market cap has also dropped to $8.06 billion.  Despite the plunge, BGB is still up 15.93% over the past 24 hours, 27.48% in one week, and 243% over the past month. At press time, BGB is ranked as the 23rd biggest token in the global crypto ranking, according to data from CoinMarketCap.  Additionally, BGB currently boasts a trading volume of $470.04 million, reflecting a surge of 67.82% in the past day. 

Bitget Announces $2,000 Giveaway for BGB Holders   The development comes days after the team behind Bitget announced a celebration campaign to reward members of its community with $2,000 worth of HYPE tokens.  Per the announcement, users must hold 100 BGB tokens throughout the campaign period, from December 19 at 10:00 (UTC) to December 25, 2024, at 10:00 (UTC).  Other requirements include joining the BGB community, completing a HYPE/USDT deposit, and trading any token amount during the campaign period.  All BGB Holders See Profit  Meanwhile, data from IntoTheBlock shows that all BGB holders are currently in profit following the recent price surge. Most BGB holders are long-term investors holding the token for over a month.  Per the data, 37% of BGB holders have been holding the token for over a year, 61% for 1 to 12 months, and the remaining 2% are short-term traders holding it for less than 30 days.