Bitget Token (BGB) Price Prediction 2024-2030: Will BGB Price Hit $5 Soon?

• BGB’s price is expected to reach $4.70 in 2024 and might surpass get close to $6 in 2025.
• The price of the token might be $4.90 in 2027 and $10 in 2028.
• By 2030, the price of BGB could rally to $15 as the crypto market adoption improves.

After putting up and impressive show in the last few months, Bitget Token (BGB) has gotten the attention of the broader crypto market. But will the price continue to surge? This Coin Edition analysis looks at the possibility. 

Bitget Token (BGB) Real Time Market Status

What is Bitget Token?

Bitget Token (BGB) is the native utility token of centralized exchange Bitget. BGB, after its upgrade in 2021, allows users to participate in Bitget’s launchpool and launchpad. Furthermore, users can stake, make payments, and get discounts on transactions by holding the token.

For those unfamiliar, BGB is an ERC-20 token since it was built on the Ethereum blockchain. The network is also secured by the Proof-of-Stake (PoS) consensus. As such, if you don’t want to store BGB on Bitget, you can as well keep it on any Ethereum-supported wallet.

BGB Current Market Status

As of this writing, BGB’s price was $1.30, meaning that the value has increased by 9.15% in the last 24 hours. Interestingly, this happened at a time when the broader crypto market experienced a downturn.

The market cap of BGB is $1.81 billion while its trading volume in the last 24 hours was over $64 million. BGB has a maximum supply of 2 billion tokens, of which 1.40 billion was circulating at press time. You can buy the token on Bitget or go to MEXC, and Bitfinex to have a share of the BGB.

Bitget Token (BGB) Price Analysis

On a Year-To-Date (YTD) basis, BGB has been one of the best-performing assets as its price has increased by 118%. However, the price increase within this period does not imply that the token will continue to swing upwards. That is one reason why Coin Edition dedicated this part to analyzing the price action and assessing the price predicitons from 2024 to 2030.

Bitget Token (BGB) Price Analysis – Bollinger Bands

According to the 4-hour BGB/USD chart, the token had experienced both high and low volatility. Indications from the Bollinger Bands (BB) showed that anytime the bands contract, BGB gears up for a breakout. 

This was evident from the price action in March, and the first few days of April. As of this writing, the bands expanded, indicating extreme volatility. But one thing we observed was that the upper band of the BB tapped BGB at $1.30.

Typically, this means that the token is oversold. But there was no resistance ahead, meaning that the value could rise toward $1.38. On the other hand, if traders start to book profits, BGB’s price might drop to $1.14.

Bitget Token (BGB) Price Analysis – Relative Strength Index (RSI)

As of this writing, the RSI reading was 64.16, indicating a strong bullish momentum for the token. Should the reading continue to increase, so might BGB’s price. Therefore, the predicitons that the value could rise to $1.38 could be validated.

Conversely, if the RSI hits an overbought region, say 70.00, BGB’s momentum might slow down, and the price might retrace.

Bitget Token (BGB) Price Analysis – Moving Average Convergence Divergence

Signals from the Moving Average Convergence Divergence (MACD) aligned with the RSI indications. At press time, the MACD reading was positive, suggesting that bulls were in control of the token’s momentum.

With this reading, BGB’s upswing might continue. Furthermore, the fact that the 12 EMA (blue) had crossed over the 26 EMA (orange) fueled this prediction. Therefore, the price of BGB might hit $1.40 in the short unless bears neutralize the thesis.

Bitget Token (BGB) Price Prediction 2024

If Bitget Token continues to build up on the momentum it had in the first quarter of 2024, then the price might end the year at a much higher level. But what do technical indicators say about the prediction?

On the daily timeframe, the Supertrend flashed a buy signal at $1.09. This indicates that if BGB’s price declines from its current spot, buying at the aforementioned price could be profitable.

Coin Edition also looked at the Directional Movement Index (DMI). At press time, the +DMI (red) had outpaced the -DMI (red), indicating that buyers were in control of the price action. Also, the Average Directional Index (ADX) backed the uptrend for the short term.

In the long run, BGB’s price might rally harder than it has this year. Hence, the 2024 price prediction could be $4.70 as optimism around the token might continue to grow.

Bitget Token (BGB) Price Prediction – Resistance and Support Levels

From the 4-hour chart, BGB had held support at $0.99. As a result, the price of the token has not fallen from this point since March 29. However, it was not a clear path for BGB as it surpassed $1.20.

In the build-up to the increase, BGB faced resistance at $1.18. However, bulls break through the hurdle as the price rallied to $1.30. While BGB can try and hit $1.50, it could face another resistance at $1.38.

Bitget Token (BGB) Price Prediction 2025

With the current sentiment shown in the market, many altcoins might experience a surge in price by 2025, and BGB might be one of them. By 2025, the price of BGB could hit $5.65.

Bitget Token (BGB) Price Prediction 2026

The price of BGB might continue to increase in 2026. However, the token could face challenges of regulation. If this is the case, the price might decrease at one point.  But at the end of the year, the value could be $6.20.

Bitget Token (BGB) Price Prediction 2027

In 2027, the value of BGB might be less than what it could be in 2026. However, it is expected that the community would have grown, but a bearish phase could send the price down to $4.90.

Bitget Token (BGB) Price Prediction 2028

In 2028, the price of BGB might recover from its earlier downturn. By this time, the value of the token might hit double-digits as demand might be enormous. Hence, the price prediction could be $10.

Bitget Token (BGB) Price Prediction 2029

The price of the token could continue to rally in 2029 as the market cap of the broader market could rise to $20 trillion. As such, the value of BGB could be $13.83 in 2029.

Bitget Token (BGB) Price Prediction 2030

In 2030, the price of BGB could be $15. By this period, many cryptocurrencies including the Bitget Token might have millions of holders. Also, the fact that the token has a lot of use cases might attract more participants to hold it.

Bitget Token (BGB) Price Prediction 2040

By 2040, the value of the cryptocurrency could be higher. From our analysis, BGB might change hands a $20 at maximum, with the average at $17.50. 

Bitget Token (BGB) Price Prediction 2050

The price prediction for 2050 could continue to be bullish as the crypto ecosystem evolves. At a minimum, the price of BGB might be $22.45. However, at a maximum level, the value of the token could be $32.17.

Conclusion

In conclusion, BGB is a project that might remain in the minds of the crypto community for a long time. If this is the situation, then the price of the token might rally in years to come. But traders should be careful. The same way prices can go higher is the same way they can come down. Thus, you should do your research.

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