Bitget's native token, BGB, has experienced a significant increase in value in the past 24 hours due to positive developments for the cryptocurrency exchange. The token briefly reached a new all-time high of $3.65 before experiencing a slight correction. With a strengthening bullish bias, the BGB token is expected to continue its upward trend in the short term. This positive sentiment is supported by the fact that Bitget has received a Bitcoin Service Provider License in El Salvador, indicating its expansion plans. Market sentiment towards BGB has turned positive, indicated by its weighted sentiment crossing above the zero line, and readings from the Elder-Ray Index confirm this bullish bias. Currently trading at $3.60, the altcoin could potentially surpass its previous high and target the $4 zone. However, profit-taking activity could invalidate this projection and result in a decline to $2.98.



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