BNB or BGB: What’s your pick?

So, I just found out that over 30 million $BGB tokens got burned today. If you’ve been around this crypto scene for a while, you know that this kind of thing usually bodes well for the project. After catching up on the news, I dove into some research on exchange-backed tokens to figure out their trustworthiness and investment potential. I ended up comparing Binance's token ($BNB) and Bitget's token ($BGB) since both of them completed their burns for Q1 of 2025 recently. The $BGB burn accounts for 2.5% of its total supply, while the $BNB burn is only 0.78%. This makes it look like $BGB, having burned a bigger chunk, could have a better shot at performing well soon compared to $BNB. What do you all think about my take? Did you find it useful? Are there any other CEX tokens you want me to check out?

well the percentage is bigger but the original pool is bigger so after the burn there are still a lot of coins left. Still it is interesting info so I gave you a merit. 30 million is 2.5% of 1.2 billion so 1.17billion coins are left 30 million is 2.5% of 1.2 billion so 1.17billion coins are left 1.579 million is 0.78% of around 200 million so 198.421 million left

Thanks for acknowledging my work, will do more to bring more insightful information, but do you think the burn will surely affect the growth of the both projects positively?

i dont have access to see current prices. i remember bnb was 580 usd how much is the other coin.? it is $ 4.34 and bnb is still over 500 it is  588 so one could argue bgb is under priced and bnb is over priced solana eth bnb bgb all serve similar function and there is a wide price difference. I think both solana and bgb could get closer to bnb I think eth will lower to bnb. so the real issue is how equal are these four coins. I like bargains

You should consider the total supply and the total fiat value of the token they are burning. BNB exists many years ago before BGB was introduced which means BNB is already burning tons of token compared to BGB. It’s a half baked comparison using the percentage of burn without consideration to the years of Exchange operating. It’s understandable for BNB to burn smaller supply because their token valuation is much higher than BGB. 4.34$ each https://coinmarketcap.com/currencies/bitget-token-new/

also there are at least four coins used very similarly. along with bnb having a ton of backing. so there are a lot of factors. i usually look at solana bnb and eth to get a feel for prices but I will drop in bgb and see what i think. if bgb is good it will gain on the others.

comparing BGB and BNB is just not apple to apple, because BNB has been in the market longer than BGB and it also has the best ecosystem that keeps its price at a good point... and even when we compare the value burned by BGB with BNB, what BNB actually did was much better-- even though they only burned 1,579,208 BNB, it was worth around $916 million with a remaining supply of 139,311,899 BNB. while BGB even though the number of tokens they burned was more, but 30,006,905 BGB was only worth $130 million USD with a remaining supply of 1,169,993,095 BGB. so with that consideration i still see that BNB still has the opportunity to perform well in the days to come.

That's a nice analysis you've got there for both exchange tokens. And I guess you guys that have been discussing about BGB doesn't making it look like you're shilling anymore for how this token have become and the comparison looks good. But I am still going to be with BNB, the pumping that BGB has got was probably the last of it for this bull run whilst for BNB, it didn't moved a lot and we're anticipating for it to reach another ATH soon. I'm still holding my BNB and will wait for some good price before I totally dump it to have some funds again looking to buy for some other exchange coins too.

All these you analyzed are exchange based tokens and BGB is looking at the way BNB does their thing and following it up. I don't know if Gate exchange token GT does burning of token as well and how many percentage to be burned in a circle. Even MXC exchange token MX may conduct burn too as well, I don't know. Same implies to OKex OKB, Kucoin KCS, and many other more centralized exchange tokens, it be nice if you analyze them the ones that conduct burning of token.

Few things here: BNB, SOL and ETH are coins with a blockchain. BGB is an ERC-20 token. They don't offer "similar function" in any sense. And yes, all those are valued higher then then BNB, but that has nothing to do with the price of one full token. XRP is valued higher than SOL ,BNB or BGB, even though one full coin is worth $2.05. Valuation is about supply issue, not about a single token price.

Mentioned this some time ago, but BGB burn would be quarterly and about 10% of circulating supply would be burnt every year from my analysis, that's about 120m Bgb Burnt annually. Probably BGB price might have the same growth as bnb, as a holder, this is an interest perspective. Nfa

thanks for clarifying that. i assumed the op was picking coins with the same functionality. my bad at the op i don’t like the coin. at o48o  i look at what do I get from 1000 usd worth of a coin. for solana I get a coin that pays me 7% while it is locked in my trezor and I can release the lock in three days. this lets me do three things sell on upwards ladder hodl what i mine with my helium spots and my stake earning buy on downward steps. all the while Solana supports various meme coins and the helium spots miner this gives way better way value to me than say eth eth does give stake value but I do not hold it in my trezor and it takes longer than three days to unlock. a loss it also can not be earn with mining. a loss it does let sell on the up. a tie and buy on the down.  a tie so  $1000 worth of solana is far more value than $1000 worth of eth bnb is similar to eth. it loses on staking it loses on mining it ties on buy ladder it ties  on sell laddr so $1000 worth bnb is not valuable to me when compared to solana. I value $1000 worth of solana the most. and I did get confused by ops question as burning coins of a different type does not mean they would nessararily be the same value. Frankly I am not a fan of bgb now that I realize it is an erc-20 coin at op good luck with it. at o48o thank you for clarifying bgb

I still prefer BNB to be honest, it got blockchain and that added utility for the coin is a big plus. If the blockchain somehow got hyped up, then BNB will also rise in price, meanwhile BGB derive its value purely from its launchpool or some other small utilities that's more of a gimmick. Overall, BNB has what BGB doesn't. It's basically still pretty different coin to compare, like comparing apple to orange although it may look the same. The fact that there are tons of defi that can help reduce BNB in the market with their staking program means BNB can get a lot more scarce than BGB. Regardless, both coins are bad for people who truly believe in decentralization .

While i don't have any affiliation with any of the said tokens just my observation, but @o48o is not totally right on his or her analysis, although BNB, SOL and ETH are coins with their own blockchains, and BGB is an ERC-20 token according to what i read about it, but it does not decrease its utility. And also being an ERC-20 token gives room for leveraging in the security and the widespread acceptance of the network, and is also advantageous for users and investors in the space. If you look out for the benefits aspect like discounts trading fees and participation in launchpools, you will understand the unique value it has. Instead of focusing on the distinction between the tokens and coins, we should rather look at the fundamentals and cases of each asset with potential. I hope you understand me. Shalom!

The amount of BGB spamming we are seeing lately is insane, we are seeing a lot of them and it is a very weird feeling to see it happen this way because we never expected it to happen this much, BGB is nothing compared to BNB, not even question. I am not talking about just the token, the token itself is also nothing, but the company behind them is also terrible and not the same. So the only people who are talking about BGB being even in the conversation, are the people who are either getting paid by BGB people, or people who are fooled by them. The comparison is useless and we shouldn't consider them even remotely close, they are not going to be the same and we are not going to see the same thing from both these tokens.

BGB utility is limited only on the Bitget exchange that full of crap shill while BNB, SOL and ETH has a lot of potential utility due to the blockchain feature. Comparing BGB to BNB toe to toe should be done including marketcap, trading volume, utility and other factors aside from token burning because BNN is much bigger than BNB in terms of utility even outside exchange because it can be use on BSC blockchain.

Bitget comes as a newcomer that provides competition to other CEXs that have been in the industry for a long time, before Bitget Token (BGB) was in its current condition, I personally was convinced that one day this token would become one of the CEX tokens to be considered. Didn't expect it to be this fast, currently Bitget Token (BGB) is quite expensive with its capitalization, but if it's compared with $BNB, I think $BGB still has better potential for price growth side.

This is a wrong take fueled by incorrect thesis. I know your intentions are good but just because Bitget decided to do 1 burn, it doesn't mean it outpaces all the burn that Binance has been doing. Binance smart chain currently burns bnb per quarter and they have been doing it for 3-5 years now if not more. Binance used to do the burn themselves until it got delegated exclusively to the binance smart chain team. I don't know the full amount but I'd estimate over $1B worth of BNB have been burnt since the burn initiative started.

What do you mean by " it does not decrease its utility"? Decrease from where? I didn't even say it wouldn't have utility, but you can't compare that to actual coins in any way as they are whole different beasts. Only similar mechanism it has is with BNB and that's burning via centralized entity. While tokens have their benefits, you can't even start to compare them to layer 1 projects, because they are created for fundamentally different purposes, and token is an optimal form for BGB, as they are not trying to build anything, nor they are making a platform to build on. So it wouldn't even make any sense for them to have their own blockchain.

Well if you do hodl BNB then you did make alot of profit in this year. A BNB token now does cost $894 and it is up more then 5 percent in only this last week. I do think we will see price of $1000 for each BNB coin very soon. And now it does have marketcap of more then $124 Billion.  https://99bitcoins.com/news/presales/bnb-crypto-surpasses-rolls-royce-in-market-cap-1000-next/