Crypto news

The Exchange Tokens That Are Hot… or Not, April 2025 Edition!

BBG News

Bitget (BGB), Cronos (CRO), and 1INCH—three exchange tokens that are taking the crypto world by storm (or not, depending on who you ask). BGB is down 4% this week after a massive rally in late 2024, while CRO has dropped nearly 10% amidst the doom and gloom of the ongoing tariff war.

And don’t even get me started on 1INCH—down over 5% due to Ethereum’s lackluster performance. But fear not, dear readers, for these tokens still have some tricks up their sleeves. Or maybe they don’t… Who knows?

Bitget (BGB)

Ah, Bitget. The token that made everyone scream “To the moon!” last December, only to come crashing down faster than your hopes of winning the lottery. In the short span between December 1 and December 27, 2024, BGB surged by a jaw-dropping 434%. But, as with all things in crypto, the climb was too steep, and now BGB is down a modest 12% over the last week.

Still, it’s not all bad. With a market cap of $4.8 billion, Bitget isn’t exactly crying in a corner. And let’s not forget, in Q1 2025, it burned 30 million BGB tokens, following an 800 million token bonfire in late 2024, trimming the total supply by 40%. Who says deflation can’t be fun?

Could BGB rise again? Maybe. A reversal might push it to $4.40, and if the stars align, it might even break $4.69. On the flip side, if things get worse, we could see support around $3.72. A break below that? Well, that’s a whole other story.

Cronos (CRO)

And here we have Cronos (CRO)—Crypto.com’s token that’s currently performing like a bear in a bad mood. It’s down nearly 22% in the past seven days, making it one of the biggest losers of the week. Why, you ask? Well, blame the escalating tariff war that’s spooked both traditional and crypto markets.

Crypto.com had grand plans for 2025, including a potential CRO ETF. But with markets in a tailspin, those plans might need to be postponed indefinitely. The token’s chart is also looking about as promising as a rainy day, with two death crosses signaling a bearish outlook. So, what’s next? Support around $0.077, or maybe $0.073, if things really get ugly.

But wait! If Crypto.com gets a miracle boost from its partnership with Trump Media (yes, you read that right), CRO could turn things around. If optimism reignites, targets like $0.085, $0.097, $0.108, and even $0.12 could be in the cards. Fingers crossed, I guess?

1INCH

Now, let’s talk about 1INCH—still one of the most crucial DEX aggregators in the crypto space, though its throne might be a little wobbly. With new competitors like CoWSwap nipping at its heels, 1INCH’s dominance is looking a little… less dominant.

Despite being a solid contender, 1INCH is feeling the heat. It’s dropped more than 17% over the past week, which isn’t exactly the kind of news you want on a Monday morning. Market cap? Down to $221 million. Ouch.

The reason behind this dip? Ethereum’s continued struggle. If ETH keeps flirting with $1,500 and drops closer to $1,000, well, DEX aggregators like 1INCH aren’t immune. But don’t despair just yet! A little Ethereum revival could bring 1INCH back into the limelight, possibly pushing it to $0.177 or even $0.22. So, it’s not over until the fat lady sings.

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2025-04-10 03:12

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