Bitget Token BGB
Current Price
$2.12 -1.86%
$0.0500 Daily Range (2.36%)
$2.11$2.16
$19.75M Daily Volume
302 BTC
Vol/MktCap: 1.33%
Market Performance
0.04% Relative BTC Volume
The total volume of Bitget Token is $19.75M over the past 24 hours, compared to $46.44B total Bitcoin volume.
Hourly Moving Average
8 SMA $2.12 +0.03%
13 SMA $2.12 -0.23%
21 SMA $2.13 -0.59%
55 SMA $2.15 -1.26%
144 SMA $2.19 -3.18%
Price Performance
+0.28% 1 Hour Change
$2.12 from $2.11
-6.16% 7 Day Change
-$0.1306 from $2.25
-11.19% 14 Day Change
-$0.2371 from $2.36
-37.45% 30 Day Change
-$0.7940 from $2.91
All Time High
December 27, 2024
$8.45 -74.94%
-$6.33 vs. now
24H Change
-30.05M USD -1.99%
-459 BTC
Volume and Supply
Total Supply: 916.93M BGB 
699.99M BGB Available76.34% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
45.85 x BTC Supply46:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
9.25M BGB
traded over past 24 hours
1.32% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Bitget Token AI Market Analysis
Bitget Token (BGB) is currently priced at $2.12, reflecting a slight decline of 1.89% over the past 24 hours. The trading range has been narrow, with a high of $2.16 and a low matching the current price, indicating limited volatility during this period.
Volume over the last 24 hours stands at approximately 19.33 million, corresponding to a volume-to-market cap ratio of 1.30%. This relatively low trading volume may suggest a lack of interest or participation among investors, potentially leading to further price stagnation.
Technical indicators reveal that the short-term moving averages are trending downwards, with the 8 SMA at $2.14 and a drop of 1.14%. The RSI metrics show an oversold condition with a 1-hour RSI at 19, while the 7-day RSI at 44 indicates a neutral sentiment, suggesting potential consolidation or a recovery phase might be on the horizon.
From a price performance perspective, BGB has seen a 7-day change of -4.58% and a more significant decline of -38.03% over the last 30 days. The persistent downtrend is alarming, especially considering the 14-day price change of -10.66%, indicating ongoing selling pressure and lack of bullish momentum.
Given that the all-time high for BGB was $8.45 in December 2024, the current price represents a significant drawdown from historical levels. The ongoing bearish trend, coupled with oversold RSI conditions, could indicate that a reversal may be possible, but the current lack of volume and persistent downtrend suggests caution.
In conclusion, despite potential signs of a bottoming process, the overall market conditions and technical indicators lean towards a bearish sentiment. Therefore, the rating for Bitget Token (BGB) is a Hold, as investors should monitor for signs of recovery or increased volume before considering a Buy.
Volume over the last 24 hours stands at approximately 19.33 million, corresponding to a volume-to-market cap ratio of 1.30%. This relatively low trading volume may suggest a lack of interest or participation among investors, potentially leading to further price stagnation.
Technical indicators reveal that the short-term moving averages are trending downwards, with the 8 SMA at $2.14 and a drop of 1.14%. The RSI metrics show an oversold condition with a 1-hour RSI at 19, while the 7-day RSI at 44 indicates a neutral sentiment, suggesting potential consolidation or a recovery phase might be on the horizon.
From a price performance perspective, BGB has seen a 7-day change of -4.58% and a more significant decline of -38.03% over the last 30 days. The persistent downtrend is alarming, especially considering the 14-day price change of -10.66%, indicating ongoing selling pressure and lack of bullish momentum.
Given that the all-time high for BGB was $8.45 in December 2024, the current price represents a significant drawdown from historical levels. The ongoing bearish trend, coupled with oversold RSI conditions, could indicate that a reversal may be possible, but the current lack of volume and persistent downtrend suggests caution.
In conclusion, despite potential signs of a bottoming process, the overall market conditions and technical indicators lean towards a bearish sentiment. Therefore, the rating for Bitget Token (BGB) is a Hold, as investors should monitor for signs of recovery or increased volume before considering a Buy.
Updated 482 minutes ago.
Bitget Token Relative Price at Market Cap of:
Bitget Token TradingView Chart
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