A few weeks after getting its recent highest trading volume, Bitget’s native token, $BGB, experienced consecutive all-time high (ATH) records since November.
What’s the significance: With Bitget’s rapid growth, traders have an opportunity to profit from its potential for further gains.
Key Details: As of writing, the ATH recorded on December 17, at 10:00 a.m., PH time, with $3.60.
- This ATH marks a milestone of +520% increase since the $BGB’s price at the start of 2024.
- Breaking the Line: The token’s upward trend accelerated after breaking a descending resistance line in September.
- The Analysis: As per a technical analysis from CCN, BGB’s growth was underpinned by ecosystem expansion and bullish technical indicators.
- Bullish signals include RSI breaking resistance and surpassing 70, along with a bullish MACD crossover.
The Numbers: Here are the recorded ATH of $BGB in 2024:
- February 18: $1.0629
- April 04: $1.3576
- June 02: $1.4306
- November 14: $1.4437
- November 25: $1.5955
- November 30: $1.6323
- December 08: $2.6967
- December 12: $3.1683
- December 14: $3.2399
- December 17: $3.6438
Bitget Recent News: Bitget recently announced that it has become the first cryptocurrency exchange to support Vietnamese Dong (VND) bank transfers via VietQR.
- The exchange also recently partnered with the Telegram game Major, offering airdrops and a $195,000 prize pool to users, boosting engagement.
Worth reading: On November 13, Bitget achieved all-time highs in trading volume, open interest, and daily active users.
- The exchange also ranked third globally in futures trading on CoinGecko, driven by a $2.84 trillion derivatives trading volume, a growing user base, and platform scalability.
This article is published on BitPinas: Bitget Token $BGB Hits ATH, Now at $3 Line
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