2024 was a year of transformation for BGB, the native token of the Bitget exchange. Rising from $0.5794 on January 1 to a high of $8.4851 on December 27, BGB achieved a remarkable gain of 1,364%. This growth was driven by a combination of strategic initiatives, clearly defined usability and strong community support. With the growing popularity of the deflationary model and further development of the application, BGB has a chance to maintain its dynamics in 2025.
Key factors driving BGB’s success
The announcement of BGB’s deflationary model, including an initial burn of 800 million tokens (40% of the total supply) followed by quarterly buyback and burn programs, significantly increased its scarcity and long-term value. This strategic approach has contributed to impressive price appreciation.
The combination of the Bitget token (BGB) and the Bitget Wallet token (BWB) further strengthened the BGB tokenomics and expanded its usefulness. In addition to offering trading benefits on a centralized exchange, BGB now supports on-chain trading services on prominent public chains and DeFi ecosystems. Integrated with Bitget Wallet, it facilitates cross-chain gas payments, staking and participation in fair Launchpools, positioning it as an essential asset for both centralized and decentralized users.
Community involvement also played a key role in its success. Strong belief in the token’s long-term potential among its user base drives growth and reinforces positive market sentiment.
A forward-looking look at 2025
Building on its achievements in 2024, BGB is positioned for further growth in 2025. Continued implementation of the deflationary model, expanding its usefulness and strong community support will remain key success factors.
Bitget plans to begin a quarterly burn at the beginning of each subsequent quarter, devoting 20% of Bitget Exchange and Bitget Wallet profits — including spot, futures and NFT revenues — to buying back and burning BGB. These activities will be recorded on-chain, ensuring transparency and accountability.
BGB’s applications are expected to further expand to PayFi’s offline scenarios, facilitating seamless payments in industries such as dining, travel and retail. This integration of Web3 technology into real-world applications positions BGB as a bridge to the future of finance.
While price forecasts are inherently uncertain, BGB’s solid fundamentals and growing utility suggest the potential for further price appreciation in 2025.
Summary
BGB’s journey in 2024 highlights the potential for success when a strong foundation is combined with an engaged community and a forward-looking vision. As the cryptocurrency market continues to evolve, BGB is well positioned to capitalize on new opportunities and establish itself as a leading asset in this space.
