Bitget Hot Takes (March 25 - March 31, 2024) - All About Bitget
Bitget Hot Takes is the exclusive weekly newsletter series by Bitget Academy, which sums up BGB performance, what's new at Bitget, and the latest market movements.
The latest Bitget Hot Takes can be found here: All About Bitget | Market Updates
Central Themes
• BGB achieved a weekly high of US$1.05 and consequently a 15% weekly return.
• Bitget Markets: spot volume and average crypto OI went up, Bitcoin OI declined, resulting in a lower Bitcoin dominance on our futures markets.
BGB Notched A 15% Increase After Seven Days
In a week where BGB took off to a more remarkable degree compared to even Bitcoin, who shot to US$71K on Sunday night, it's not a surprise that BGB ended the week with a 15% gain from a weekly opening price of right below US$0.90. That number is even better than SOL (+12.1%), a beneficiary of the Solana-based memecoin rally, especially with Dogwifhat (WIF ) flipping PEPE to become the third-largest memecoin by market cap.
We told you at the beginning of last week that it could be a good entry point for accumulating BGB - and we were right! During the weekend, BGB went up to as high as US$1.05, attracting a new wave of investors at US$314 million in 7D volume. The chart below also says that BGB is the only one among these five that saw an upward trend in liquidity last week.
Want to learn more about BGB? Check out our BGB White Paper and BGB Intro and don't miss any new issues of Bitget Hot Takes, which always covers the latest analysis of BGB weekly performance!
The Latest Bitget News
Want to ape in on Bitcoin and Ethereum before it makes another new all-time high (read here for reasons why we think that would happen)? Bitget has the right deal for you: Starting from March 19, 2024 at 4:00 PM (UTC), all spot transactions for BTC/USDT and ETH/USDT are free of charge! Find out more about this zero-fee campaign for BTC and ETH spot transactions here: Bitget to launch BTC/USDT and ETH/USDT spot trading zero transaction fee promotion
If you want to buy Bitcoin directly with your Debit/Credit Card, that's completely fine. But don't just do it for the sake of owning Bitcoin, take part in our Debit/Credit Card anniversary to win unique rewards from Messi merch, BOME, to 1 BTC! Rewards are guaranteed for all participants - check out our step-by-step guide right here: Buy Bitcoin and Win Big with Bitget's Card On-ramp Service Anniversary
Meanwhile, we should definitely use this bullish sentiment to our advantage, too. Bitcoin prices staying around US$60K-70K gives merchants the needed motivation to accept Bitcoin and cryptocurrencies as payments. Why not simplify it with our brand new Bitget Card? All you need to do is to apply for your very own Bitget Card, send some crypto to the linked Bitget funding account and purchase real-world stuff whenever you want with just a swipe! Check out the Bitget Card Introduction to find out more reasons why you've got to own this powerful card!
Bitcoin had been trading sideways for the whole week before reaching US$71K on late Sunday, therefore the average 7D Bitcoin OI was down by 4.5%, bringing its dominance on Bitget futures markets down to 48% again. A slight increase in our 7D spot volume and average crypto OI was spotted as well.
The most amazing daily gainers of the week are SpaceCatch (CATCH ), who achieved a 1,724% increase in value overnight, and GraphLinq Protocol (GLQ ) in the next place at 1,355%. It's important to note that a lot of the names shown on this list are currently available on Bitget Savings at awesome APRs for you to efficiently grow your crypto holdings: CATCH (20%) , GLQ (30%) , BEFI (40%) , EZSWAP (60%) , CAF (50%) , SYNC (60%) , and DCB (30%) .
Want to understand the hype behind the hottest tokens? Don't worry, we've got you covered:
EGO (EGO): Revolutionizing Social Media with The Currency of Attention
Atomicals (ATOMARC): Pioneering the ARC-20 Fungible Token Standard on Bitcoin
Toadie (TOAD): Meme Coin, Gaming, and Conservation Combined
VOYA (VOYA): Redefine Bitcoin With Merlin Chain
AutoAir AI (AAI): Hassle-Free Airdrop Hunting
OmniCat (OMNI): Revolutionizing Meme Coins with Omnichain Technology
TON FISH (FISH): The First Meme Coin on TON Blockchain
BeFi Labs (BEFI): Trading BRC20 and Bitcoin Ordinals with Zero Fees
Big Pump (PUMP): A Meme Coin Dreaming and Doing Big Pumps
SpaceCatch (CATCH): The Next Generation of AR Gaming
Abble (AABL): The Apple-Inspired Meme Coin Taking the Crypto World by Storm
New users should definitely check out the great Bitget Reward Center for 5,027 USDT in welcome bonus and up to 50% rebate for Credit/Debit purchases , but a guaranteed 100% rebate for BTC and ETH purchases via Credit/Debit card - this one applies to all users, not just newbies!
Looking for extra earning options on Bitget? Check this out:
• Bitget Savings : New tokens can be added to our savings vaults within days after the listing with up to 100% APR for a limited time!
• Bitget Launchpool : Similar to Bitget Savings, but it’s for BGB owners to put their holdings to work! Exclusive pools for new users as well!
• Bitget Snowball and Bitget Smart Trend : New subscription period begins every Monday!
• Weekly exclusive earning opportunities: Up to 10% APR on Bitget Wealthy Tuesday
• Bitget CandyBomb: Complete given tasks to receive CATBOY , AABL , CAF , and MSTR FOR FREE!
All Bitget Earn guides are available here: Bitget Range Sniper | Bitget Shark Fin | Bitget Dual Investment | Bitget Smart Trend | Bitget Snowball | Bitget Wealth Management
New Events
100% guaranteed: Win a share of 700,000 DOGE, USDT, BGB, ONDO, SOL & BTC instantly!
New user exclusive: Buy crypto to get up to a 50% rebate!
Credit/debit card anniversary — buy BTC to win 100% guaranteed rewards!
#BitcoinHalving: make a bank transfer of EUR or BRL to grab a share of $500,000 in BTC!
Ethena(ENA) to be listed on Bitget — grab a share of 3,750,000 ENA from Launchpool !
Join Bitget x ABBLE Community Campaign Now to Claim Your Special $5,000 AABL Rewards!
Trending coins promotion — Grab a share of 50,000 BGB in the AI Zone
Complete net deposit, spot trading, and referral tasks on CandyBomb to earn MSTR!
Complete net deposit, spot trading, and referral tasks on CandyBomb to earn AABL!
Complete net deposit, spot trading, and referral tasks on CandyBomb to earn CAF!
Good Reads
Dopamine App (DOPE): Your All-in-One Crypto Companion
Abble (AABL): The Apple-Inspired Meme Coin Taking the Crypto World by Storm
What to Expect and Prepare for Bitcoin Halving 2024 as An Investor
Decoding the Solana Memecoin Presales Saga
Bitcoin ETFs: A Gateway to Digital Gold
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