BGB price surged by 30% after Bitget announced the merger of Bitget Wallet Token (BWB) with Bitget Token (BGB), creating a unified ecosystem token. This merger aims to streamline the Bitget ecosystem, enhancing user benefits by integrating on-chain and off-chain activities and expanding its utility into everyday transactions via PayFi in 2025.
BGB Price Soars Following Merger Announcement
On December 26, Bitget informed the strategic merger of Bitget wallet token and Bitget token, which has led to a significant surge in the BGB price. The need to integrate on-chain and off-chain functionalities drove this merger, aiming to enhance its overall utility and value within the Bitget ecosystem. The token will leverage the strengths of both Bitget’s exchange and wallet services, creating a more cohesive platform for users.
As part of the merger, BWB holders will exchange their tokens for BGB at a rate of 0.08563 BGB per BWB, based on the 7-day average closing price. For instance, if you hold 100,000 BWB, you would receive 8,563 Bitget tokens after the swap. This consolidation not only simplifies the token structure of Bitget but also positions it to benefit from the combined user base of over 100 million from both services.
Bitget is one of the top crypto exchanges globally by trading volume. Bitget Wallet is also a leading decentralized wallet. This merger is expected to boost its market presence. It reflects Bitget’s goal of building a strong ecosystem. The token will act as a central element, increasing its liquidity and utility in blockchain applications.
Exchange Future Volume and Price Dynamics
After the merger announcement, the BGB token price exchanged hands at $6.86, showing a 30% increase in the last 24 hours. The price ranged between $5.46 and $6.97. This reflects significant market activity and strong investor interest in its potential.
Simultaneously, Bitget Wallet Token (BWB) also jumped about 31% to $0.565, with its one-day trading volume skyrocketing 260% to $26.08 million. Notably, the crypto has touched a high of $06968 in the last 24 hours. Over the last 30 days, the token has added about 109%.
Meanwhile, the Bitget token is set to expand its role significantly. Starting in 2025, it will enter offline PayFi applications. Users can use it for real-world transactions such as dining, travel, and shopping. This expansion into everyday use cases aims to make BGB a versatile token. It bridges the gap between digital assets and traditional finance. This step could increase demand and adoption significantly.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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