Bitcoin and popular altcoins have been showing sluggish price action for over a week, but other cryptocurrencies are gaining traction. Bitget wallet, formerly known as BitKeep, is a leading non-custodial multi-chain crypto wallet with several exciting announcements that have captured the attention of traders in the 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 merger has sparked increased social sentiments for both tokens, making them top topics of discussion. According to data from Santiment, Bitget’s token merger, combined with Bitcoin discussions, has generated significant social interest, particularly after Christmas.
The price of Bitget Token (BGB) saw a significant rise following a breakout in the market in November, with the rally intensifying in December. The merger provided a bullish push, leading to a price increase of over 92% in the past week, reaching new highs at $8.49 and securing a spot in the top 20 tokens with a market capitalization of $11.2 billion.
Similarly, Bitget Wallet Token (BWB) witnessed a surge of over 65%, reaching $0.69. The token garnered significant trading volume, although it is expected to decrease as BGB becomes the main token in the ecosystem. With BGB already hitting new all-time highs, it is predicted to maintain an upward trend and continue to rise.
Expectations are high for Bitget Token (BGB) to surpass the $10 mark in the early weeks of 2025 and potentially reach $15. The merged token is poised to become a top-tier platform token, fostering adoption and innovation in the DeFi space.
