Is It Too Late To Buy BGB? Bitget Token Price Soars 15% And This Might Be The Next Crypto To Explode

The Bitget Token price surged 15% in the last 24 hours to trade at $7.20 as of 2:00 a.m. EST on trading volume that increased 9% to $1.13 billion.

The token’s price skyrocketed 66% in the last seven days, but for the first half of it, it was mostly flat. The surge started late on Dec. 23, when the token went from $4 to the resistance at $5, trading sideways for most of Christmas Eve.

Then, on Christmas Day, Dec. 25, it surged to $6, and then to its all-time high at $7.870 on Dec. 26. Thereafter, the token saw a slight correction before surging again on the same day, but it failed to beat its previous record. Instead, a resistance at $7.50 proved too strong, sending it back down to $7.20, where it sits at the time of writing.

The community was quick to notice the price surge, and many have asked why BGB is pumping while most altcoins are struggling. Pushpendra Singh, the co-founder of Pushpendra Singh Digital and SmartViewAI attempted to answer by pointing out the project’s strengths, such as its laser focus on innovation, growth, and support for traders.

🚀 Why is $BGB pumping while many altcoins are struggling?

This is a question we’re seeing a lot in the community, and here are my thoughts:

The team behind @bitgetglobal is laser-focused on innovation, growth, and supporting traders. I still remember the first time I… https://t.co/49BAixYg65

— Pushpendra Singh (@pushpendrakum) December 25, 2024

Bitget Token Price Prediction

Despite the fact that Bitget has been trading against the market in the past few days, apart from a short Bitcoin surge that took the coin very close to $100k, only to ultimately return to the mid-$90k range, the token seems to be succumbing to the bearish influence.

Its price was rejected by a resistance at $7.50 — a level that it never truly broke — and is now heading toward the support at $7. The project’s Bollinger Bands have seen a strong widening, however, which would typically be a good sign, but the problem is that the widening is happening because the price is pushing the lower band further down.

With that said, a support at $7 has seemingly enabled the token to start recovering again, so a new surge back to $7.50 or higher might happen in the hours to come.

This is further confirmed as a strong possibility by the project’s Relative Strength Index (RSI). Over the past few days, the RSI has been fluctuating between the neutral zone at 50 and the overbought zone, often venturing deep into overbought territory beyond the value of 80.

This suggests that traders were highly excited about the token and its growth potential, but they would also take profit when it seemed like the price had reached its limit. Today, however, the RSI dropped to the oversold zone for the first time in a while, which suggests that traders may have lost their optimism about BGB’s ability to resist the bearish market.

While this is certainly felt, it might not be the whole truth, as the RSI bounced back immediately after hitting the value of 30, going up to 43.43, from where it dropped again as some traders rushed to take profit.

However, the RSI is now once again pumping, currently heading to 40. Whether or not it will manage to continue its growth depends on the traders, but for now, many seem to be cautious, rather than bullish.

Promising Alternative To Bitget Token

In the meantime, while the BGB price is struggling to recover, investors are looking to alternatives such as Best Wallet (BEST).

BEST was created to be a native cryptocurrency of the Best Wallet — a Bitcoin and crypto wallet that is considered by many to be one of the most advanced and practical wallets currently in the market. The wallet calls itself multi-chain, multi-wallet, and non-custodial. Being multi-chain is quite an accurate description since it supports more than 60 different blockchains and all of their associated cryptocurrencies.

Since that includes major ecosystems like Ethereum and Solana, using Best Wallet can be quite practical and rewarding. It is also a multi-wallet, meaning that you can connect your other wallets to it and manage all of your portfolios from one place. Finally, being non-custodial, it also allows you and only you to access your coins and tokens, with no third parties involved.

There are other benefits to using the wallet, such as the fact that Best Wallet would often help its users by providing access to prominent presales and giving investors insight into the top-performing projects, as well as an inside track to help them maximize profit opportunities.

🔥 Join the $BEST Token Presale! 🔥

Stack your $BEST today and lock in the lowest price before it’s gone. Available now on our official website and Best Wallet app.

Every moment counts – don't miss out! 🚀

Download now! 📲 https://t.co/AALEwrMCmn pic.twitter.com/975cKh0jLr

— Best Wallet (@BestWalletHQ) November 25, 2024

As mentioned, its own native BEST token is also currently in presale and has been for a few weeks now. Buying it brings additional perks, such as early access to new projects, reduced transaction fees, higher staking rewards, and the ability to participate in community governance.

The ICO blew up, raising over $5.8 million as of Dec. 27, while the token itself sells for only $0.023375 apiece. ClayBro, a popular crypto expert and a YouTuber with 134K subscribers, recently made a video in which he reviewed the project and said that analysts expect it to see major gains in the upcoming bull market. Therefore, buying BEST while its price is low could be beneficial to opportunity-seeking investors.

Visit BEST Wallet’s official website.

Related Articles:

• Top Crypto Gainers Today
• Top Cryptocurrencies to Invest in Now
• Best Wallet Token Presale Nearly Raises $4M

Best Wallet - Manage Your Crypto

Our Rating

• Access DeFi and Web3 Dapps Across Multiple Chains
• Comes With Your Own OpenAI Powered Chat Bot Assistant
• Get Early Access to Upcoming Token Launches & ICOs
• Integrated Decentralized Exchange To Buy & Trade Crypto
• Store Crypto And NFTs With Industry Leading Security

Learn More