With Bitcoin and popular altcoins showing sluggish price action for over a week, other cryptocurrencies are gaining traction. Bitget wallet, formerly known as BitKeep, is a leading non-custodial multi-chain crypto wallet. Recent announcements from Bitget have sparked interest among traders in the crypto ecosystem.
One significant announcement is the merger of Bitget Token (BGB) and Bitget Wallet Token (BWB) to create a unified token for both exchange and wallet services. This move has generated a surge in social sentiments for both tokens, making them top topics of discussion. According to data from Santiment, discussions around Bitget’s token merger and Bitcoin have seen a notable increase post-Christmas.
The price of Bitget Token (BGB) saw a significant rise following a breakout in the market in November, with a further intensification in December. The merger provided a substantial bullish push, leading to a price increase of over 92% in the past week. The token reached new highs at $8.49, placing it in the top 20 with a market capitalization exceeding $11.2 billion.
Similarly, Bitget Wallet Token (BWB) also experienced a notable surge of over 65% to reach $0.69. The token garnered significant trading volume, which has now shifted towards BGB as the primary token. With BGB already hitting a new all-time high, it is expected to continue on an upward trajectory, maintaining a steady growth pattern.
Forecasts suggest that the price of Bitget Token (BGB) could surpass the $10 mark in the early weeks of 2025, potentially reaching as high as $15. The merged token is poised to become a prominent platform token, driving adoption and innovation within the DeFi space.