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HomeMarketBGB cryptocurrency soars after merger announcement

BGB cryptocurrency soars after merger announcement

Bitget Token (BGB) es el native digital asset of the change 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 12 months, 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 very best rise of the week (inside the high 100 by market capitalization).

The next chart offered by CoinGecko exhibits the BGB value conduct over the past 12 months:

However… What is going on with BGB that causes this value improve?

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

“To additional combine on- and off-chain use circumstances 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 sturdy suggestions of the neighborhood. “After the merger, BGB will change into the unified ecosystem token for each Bitget and Bitget Pockets.”

Bitget, bitcoin and cryptocurrency change

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

The merger between BGB and BWB will happen right now, December 27, mechanically. The change clarifies that this modification “is not going to have an effect on the entire provide of BGB and no extra BGB can be issued.”

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