Bitget’s native token, BGB, is rising hugely to 23rd place in the global crypto rankings after an explosive 243% rise last month.
BGB has performed incredibly in the final days of 2024, rising more than 200% in the last 30 days. The token, which was around $1.6 last month, has risen above $5 in the hours before press time.
Excellent BGB performance
Prominent Chinese reporter Colin Wu first drew attention to BGB’s impressive performance in a tweet today. He noted that the token has risen to 25th place in the global crypto rankings. At that time, BGB’s market cap was $7.55 billion and the token was worth $5.43.
Interestingly, BGB continued its rally and reached a new all-time high of $5.89 today, increasing its market cap to a staggering $8.24 billion.
However, the token saw a slight decline, falling to a price of $5.76 per token at press time. The market capitalization also fell to $8.06 billion.
Despite the dip, BGB is still up 15.93% in the last 24 hours, 27.48% in a week, and 243% in the last month. According to data from CoinMarketCap, BGB is the 23rd largest token in the global crypto ranking at press time.
Additionally, BGB currently has a trading volume of $470.04 million, up 67.82% over the past day.
Bitget announces a $2,000 giveaway for BGB holders
The development comes days after the team behind Bitget announced a celebratory campaign to reward members of its community with $2,000 worth of HYPE tokens.
According to the announcement, users must hold 100 BGB tokens at all times…
