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Sahana Vibhute
Sahana Vibhute
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- Dec 27, 2024 18:26 UTC
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Apart from Bitcoin, Social Media Attention Has Increased Over These Two Tokens: Has the AltSeason Begun?
No sooner than Bitcoin marked the highs above $100K, the market participants have began to search for more potential tokens
The attention over Bitget Token and Bitget Wallet token has increased to some extent, which has triggered a huge upswing since the start of the week
As the Bitcoin price displays sluggish price action for over a week and the popular altcoins also follow the same trend, other cryptos are gaining traction. Bitget wallet, formerly known as BitKeep, is one of the world’s largest non-custodial multi-chain crypto wallets. It has a series of announcements that have shifted the trader’s attention over the ecosystem.
One among them is the merger of it’s two native tokens, Bitget Token (BGB) and Bitget Wallet Token (BWB), aiming to combine both it’s exchange and wallet services with a unified token. With this, the social sentiments for both the tokens spiked and became the top token to be discussed. As per the data from Santiment, Bitget’s token merger along with Bitcoin attracted huge social sentiments, with increased discussion after Christmas.
Bitget token (BGB) price rose above the prolonged consolidation after the market brokeout in the first week of November, but the rally intensified in December. Meanwhile, the merger also offered a massive bullish push that elevated the price by over 92% in the past seven days. Moreover, the token surged heavily and marked new highs at $8.49 in the early trading hours, bringing the token within the top 20 with a market capitalisation of over $11.2 billion.
Besides, another native token, the Bitget Wallet token (BWB), also withnsessed a massive upswing and surged by over 65% to reach $0.69. The token also attracted millions in trading volume, which has already drained due to the merger as BGB will be the main token of the ecosystem. Therefore, the BGB price, which has already bagged a new ATH, is expected to maintain a healthy ascending trend and remain consistent within the discovery phase.
The Bitget token (BGB) price is expected to break the $10 milestone in the first few weeks of 2025 and eventually reach a potential high of around $15. The merged token will become a top-tier platform token, driving adoption and innovation in the DeFi space.
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