Most Traded Tokens in Europe on Bitget
If you are a trader with KYC and/or IP address registered in Europe, you would be interested to know which tokens were the most traded on Bitget in the past week, excluding Bitcoin and Ethereum.
The exchange provided a report highlighting the cryptocurrencies that had the most trading volumes within the Union between 8 and 14 November. The results revealed a strong FOMO for memecoins and significant price increases for BGB token in the last two years.
Top 10 Most Traded Tokens
Bitget’s report yesterday outlined the most traded tokens by European traders in the past week, excluding Bitcoin and Ethereum. Other altcoins attracted significant attention and trading volumes. ORDI, TIA, and PEPE made notable appearances with substantial spot trading volumes, experiencing rapid price growth that led to strong trades across Europe. TRB, AVAX, DOGE, ADA, LTC, LDO, and ARB also recorded significant market volumes since November 8th.
Market Analysis of Crypto BGB
BGB token did not record high numbers in Europe over the past week but demonstrated potential growth over the last two years. Its value has grown more than 8 times from November 2021 to now. The token reached a new all-time high just two days ago before a slight downward trend. Despite being near the overbought threshold, BGB’s price action is still bullish. The spot volume of BGB-USDT trading pair touched $50 million on November 13th.
Bitget’s Growth and Future Prospects
The Bitget brand is increasingly popular in the crypto exchange world due to various community initiatives and onboarding promotions that have increased active users on the platform. The BGB token has benefited from this growth as it offers discounts on trading fees, staking yields, and participation in new project launches through a launchpad. While Bitget is not yet competing with industry giants like Binance and Coinbase, its recent growth suggests potential for reaching those levels in the future.
Hot Take: Opportunities Ahead
As a trader, it’s important to keep an eye on Bitget’s ecosystem as it represents one of the most interesting platforms to monitor between now and the next bull run following Bitcoin’s next halving.
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