Bitget Token (BGB) Soars to $7,869,959,009 Market Cap With Suprise 844% Rally This Year
The native asset of crypto exchange Bitget (BGB) is closing in on a market cap of nearly $8 billion after the token surprisingly sparked an 844% rally in 2024. According to current data, BGB is trading for $5.64 at time of writing, a 15% increase during the last 24 hours. BGB launched in 2021 and was designed to boost community engagement and streamline trading activities within the Bitget ecosystem. According to a recent report by Bitget, the exchange surged in popularity, partially due to a rise in Gen Z crypto buyers, who began gobbling up digital assets after former President Donald Trump won the 2024 US presidential election. The data shows that Bitget saw a staggering 683% increase in Gen Z users in November, pushing the demographics’ share of new users on the platform from 26.2% in October to 53.8% by the end of November. “Trump’s pro-crypto rhetoric during his campaign, including pledges to establish a national Bitcoin reserve and enco...