Advertisement PDAX Banner

Report: Can BGB Token Reach $30 By Q4 2025?

Photo for the Article - Report: Can BGB Token Reach $30 By Q4 2025?

$BGB, the utility token for the centralized crypto exchange (CEX) Bitget, is predicted to reach $10 by the end of Q1 2025 and up to $30 at year-end. 

Whatโ€™s the Significance? The analysis from Bitget Research gives a guide to crypto traders who want to invest in utility tokens of different CEXs. 

Zoom Out: At the end of December 2024, Bitget burned 40% of the total supply of $BGB, or about $5 billion. 

  • The Aftermath: The burning activity of the token influenced $BGB to reach an all-time high of $8.49.

The Reasons: Why $BGB Would Reach $30 by End-2025

Photo for the Article - Report: Can BGB Token Reach $30 By Q4 2025?

There are five reasons that the analysis laid on why $BGB could reach $10 in Q1 2025 and $30 at the end of the year. 

Reason #1: Bitgetโ€™s newly updated whitepaper explains a deflationary model for $BGB, which enhances investor confidence, the analysis wrote. 

  • It is because the CEX giant introduced a quarterly buyback-and-burn mechanism that commits 20% of Bitgetโ€™s profits from exchange and wallet services to $BGB buybacks, reducing supply and increasing scarcity.ย 
Advertisement PDAX Banner

Reason #2: $BGBโ€™s use cases are expanding and are not just a gas fee token, it clarified. 

  • Currently, $BGBโ€™s functionality can now be used for participation in Launchpad, Launchpool, and ecosystem governance.ย 
  • The token is now also integrated into Bitget Wallet and Morph blockchain, expanding its use cases in DeFi and PayFi and the whole Bitgetโ€™s ecosystem.ย 

Reason #3: Bitget as an expanding CEX means more and more traders will use $BGB for trading fees. 

  • Recently, Bitget reported exceeding a user base of 100 million from 150 countries.ย 
  • For the analysis, the reason for Bitgetโ€™s continued expansion is its consistent innovations in the trading space, such as copy trading and pre-market.

Reason #4: The marketโ€™s positive sentiment on Bitget and $BGB can attract more users, investors, and token holders, as per the prediction. 

  • The positive market sentiment can be seen in $BGBโ€™s +153% in the past 30 days and an 880% increase over the past year, they argued.ย 

Reason #5: The integration of $BGB AND $BWB eliminated user confusion and unified incentives. 

  • Because the whole Bitget ecosystem now has one token, according to the analysis, traders will be used to simpler trading and wallet services.

The Ongoing Battle: $BGB vs Other CEX Tokens

To further prove that their predictions might be true, the analysis compared $BGB to the utility tokens of two other CEX giants, Binanceโ€™s $BNB and OKXโ€™s $OKB. 

Comparison #1: $BGB performed a better price action than $BNB and $OKB, recording a  30-day price increase of 153.59% and an annual growth of 880.63%. 

Comparison #2: $BGBโ€™s market cap also performed better than $BNB and $OKB with a record of +208.98% in the past 30 days and 828.09% over the year, 

Comparison #3: $BGB has a higher average trading volume than $OKB but lower than $BNB. 

  • In terms of growth, the analysis said $BGB still had a good performance with monthly trading volume increased by 264.02%, and its year-over-year growth reached +1,335.08%.ย 

Comparison #4: $BGBโ€™s Volume per MarketCap (V/MC) ratio is at 3.12%, higher than $OKBโ€™s 0.53%.

  • The analysis explained that a higher ratio indicates that $BGB might still be undervalued, suggesting significant potential for further price growth.

Comparison #5: $BGBโ€™s utility is wider compared to $OKB and $BNB.

Reminder

Despite the good arguments of the analysis on why $BGB could fly to the moon, the analysis reminded potential investors: 

โ€œWhile these predictions highlight BGBโ€™s promising trajectory, investors should consider market volatility and conduct thorough research before making investment decisions. As Bitget continues innovating and delivering on its strategic commitments, BGB is poised to remain a standout performer in crypto.โ€

This article is published on BitPinas: Report: Can BGB Token Reach $30 By Q4 2025? 


What else is happening in Crypto Philippines and beyond?

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.