Selling BNB in 2021 just before its remarkable surge and ATH had me wondering what could have been. While regrets ensued, I quickly channelled it to discover another CEX token with similar potential. Same year I got wind of BGB (Bitget native token) and keyed in–ready to launch at that time at mere price of $0.0585. Fast forward today, BGB currently sells around $1.10 slightly below its ATH of $1.48.
Analysing BNB and BGB in tandem, I’ve come to understand that it takes quality token utilities for the later to replicate the former’s rally. For instance, the newly launched Bitget PoolX (stake to mine product) has spiked the demand of BGB, being a poplar asset to mine and earn on the platform. Not to mention other existing products with BGB at their core.
The consistent trading volume increase of BGB has also been another catalyst, as the demand and supply keeps growing, the price keeps responding accordingly in the upward trajectory.
Additionally, it’s no secret that investors do look out for sustainability. Just like the trust BNB & Binance commands, BGB market cap and the robust nature of its parent exchange, Bitget, has been another conviction for investors.
Factoring all these, most experts believe BGB has the potential to reach $5 in the nearest future. It remains to be seen though; one thing for sure is– holding BGB has cushioned my regrets from selling BNB prematurely a few years back!
