In the midst of the current bullish market wave, BTC hitting a new ATH, Ethereum also rallied to $3k. I’ve noticed there’s been a lot of discussions lately about Bitget’s $BGB quarterly burn in comparisons to Binance’s $BNB. It’s no secret that BNB’s consistent token burns played a part in its long-term value increase. Now, some believe BGB is following the same footsteps. However, Bitget’s ecosystem is still relatively smaller when compared to Binance. Though i think it’s a promising one especially if its utility continues to evolve. With features like Getagent and others, in addition to the $30M+ tokens that was burned in Q2, its scarcity and value would increase over time. I saw it price hit $8 in Q4 of 2024, we’d see what the next one could be. I’m still finding out about other CEXs token but online sentiment made me more interested in these two. Now, i want ask, do you think a token can thrive if its ecosystem is smaller but its utility is a solid one ?
Yes, I have created a bunch of tokens ,nfts, smart contracts on a bunch of chains. Missing ingredient is pumping. Be my hype man and I'll send you some tokens
The key there is utility and exposure, consistent token burns is like the fuel to create scarity and when paired with utility, then price trend increases. If BG continues Burning BGB, we may see the token at double figures sooner rather than later.