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HomeNewsMarketBGB cryptocurrency soars after merger announcement

BGB cryptocurrency soars after merger announcement

Bitget Token (BGB) es el native digital asset of the alternate of bitcoin (BTC) and cryptocurrencies, Bitget.

As CriptoNoticias reported weeks in the past, BGB has been having an excellent 2024. Now, reaching the final days of the yr, its value skyrocketed with an increase that exceeds 100% within the final 7 days.

This leads him to place himself as the digital asset with the best rise of the week (throughout the high 100 by market capitalization).

The next chart supplied by CoinGecko exhibits the BGB value conduct during the last 12 months:

However… What is occurring with BGB that causes this value enhance?

Yesterday, December 26, the Bitget alternate printed a press release with an announcement associated to this token. There it’s reported:

“To additional combine on- and off-chain use instances and allow the Bitget Pockets Token (BWB) neighborhood to share the advantages of the Bitget ecosystem, we’re happy to announce the merger of BWB and BGB, following the robust suggestions of the neighborhood. “After the merger, BGB will turn into the unified ecosystem token for each Bitget and Bitget Pockets.”

Bitget, bitcoin and cryptocurrency alternate

It’s value clarifying that BWB is the native token of the cryptocurrency pockets developed by Bitget. As might be learn above, BGB will turn into the one token within the ecosystem.

The merger between BGB and BWB will happen immediately, December 27, mechanically. The alternate clarifies that this alteration “won’t have an effect on the overall provide of BGB and no further BGB might be issued.”

BGB cryptocurrency soars after merger announcement

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