Bounce Token Price Prediction: Will Bounce Crypto Reach $100 Soon?
Bounce Token Fundamental Analysis
Bounce is a decentralized auction protocol for NFT sales. It allows users to create, gather, collect and trade any kinds of digital assets, tokens, and non-fungible tokens across multiple blockchains. It’s available for the assets based on the Ethereum and Binance Smart Chain. The project was launched in mid-2020, performed over 6000 auction pools, and reached a transaction volume of 7000 ETH.
To create a competitive swap environment Bounce bases its activity on the scarcity of resources, thus benefiting the swap environment with a limited supply of coins and any other digital assets like NFTs. They can be auctioned through token sales or NFT auctions. The token sales with a limited amount of assets can be completed through a fixed swipe auction, Dutch auction (based on decreasing price principle), or sealed-bid auction (based on a hidden-price principle). NFTs are sold in the same way with the only difference — the number of tokens is always limited to a smaller number of assets (even just one unique piece).
Bounce works with most of the commonly used wallets such as MetaMask, Trezor, Coinbase Wallet, Binance Chain Wallet, etc. The team also works on supporting more wallets. The users can benefit from automatic execution, contingency, and the absence of permissions. It’s also possible to build your own NFT auction platform using the protocol.
AUCTION is the token currently powering the protocol, providing the possibility to mine the liquidity, govern the platform, and staking. It supports the incentives in the protocol and allows the holders to govern the network. The AUCTION token was mitigated from the “BOT” coin that went through a 1:100 swap.
Bounce Token Price Chart
Bounce native’s token price at the beginning of the year was bearish, though the price didn’t fall too much and started to grow significantly in the middle of March. On April 12 AUCTION token price reached its all-time high of $70.58 and then went through the correction still following a bullish trend till the end of May.
For the next three months — from the end of May till the beginning of August Bounce coin was bearish and reached its all-time low of $10.57 on June 14. But from August 5 the value started to recover and steadily grow with a short period of decreasing.
AUCTION token also moved along with the whole crypto market tendency and started to surge in October. On October 22 token price reached the highest level from its spring bull ride and the coin was traded for $58. Interestingly, token price swings a lot during the day, experiencing 40%-50% change within 24h.
Bounce Token Technical Analysis
Despite the fact that 100% accurate technical analysis for Bounce Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated AUCTION buy-and-sell rating for selected timeframe. The summary for AUCTION/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Bounce Token Price Prediction
Below we have collected the most reliable price projections for Bounce Token (AUCTION) from popular forecast platforms.
WalletInvestor AUCTION Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Bounce Token price will grow from $25.33 to $26.948 in one year. That makes AUCTION an good investment. The long-term earning potential is 6.39%. Predicted price for the end of 2026 is $31.418.
TradingBeasts AUCTION Price Prediction for 2022
Answering the question about if Bounce is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $27.701 with a growth to $37.589 by the end of 2022.
DigitalCoin AUCTION Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Bounce Finance Governance Token cryptocurrency will rise in the next 5 years starting from $24.3016642 as of today’s price to $94.1381144. It will go up to $40.4965492 by 2022 and continue its growth in 2023–2024. Based on this forecast, Bounce Finance Governance Token is a profitable long-term investment.
As it can be clear from the analysis cited above, Bounce Token (AUCTION) projections are rather contradictory. There is no universal consensus either about positive or negative future AUCTION price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Bounce Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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Originally published at https://swapspace.co.