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Mib BBT
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$
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is stronger than Bitcoin and Ethereum combined
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Usually when Bitcoin pumps heavily like today, altcoins tend to stay behind and only follow later. The reason why today this was different lies in the reason for the pump - the election results. The market was in a month long limbo, undecisive and uncertain. Not good conditions for altcoins that flourish in markets with a clear direction or in other words - a full blown bull market. The fact that Trump give the market a much needed boost of confidence. Altcoins heavily benefitted because of the prospect of clearer and more lenient regulations for cryptocurrency. Regarding BounceBit: We cross this green line and we're good. Already got the 99 day moving average. $BB is making a comeback. Zoom out and you'll see. Incoming regulations will also affect BounceBit's CeDeFi and the asset management behind it. So keep an eye out on that. If the regulations turn out to be lenient - likely with Trump elected - than this gives me much confidence for the future of BounceBit and CeDeFi in general. Ethena $ENA will be similarly affected. That's why it pumped so hard today. Projects like these with a big vision for the future, are undoubtedly bound to regulation.
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BTC hits 70k first time, ETH at 4000 BTC hits 70k second time, ETH at 3900 BTC hits 70k third time, ETH at 3300 BTC hits 70k fourth time, ETH at 2500 BTC hits 70k fifth time, ETH at 2400 BTC hits 100k, ETH at ????
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You will be witnessing the biggest comeback of $BB within the next week. From 0.26 straight to 0.6. When we reach 0.42 eventually it will be crucial that $BTC price doesn't interfere again. BB is grossly oversold on many timeframes, but the banana zone play i shared a while ago is still in play, just a longer, juicier banana. CeDeFi V2 is coming up very soon as well, and BounceBit eco with memes and quanto options as main runner have been doing great.
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Ok big news just dropped! BounceBit just announced its support for a CeDeFi perpetual exchange called duriandotwin. And durian.win will airdrop 15% of the token supply to $BB holders and community. Why is that significant? BounceBit has been the number one advocator for CeDeFi this year. Seeing that they finally start using this influence to support upcoming projects is making me expect more similar developments in the near future. If you paid attention you would know that Ethena, another CeDeFi project, made a similar move with their Ethereal exchange incubation. I think we'll see a wave of projects being bootstrapped with CeDeFi infrastructure and it's a good chance to be early. Just look at how Hyperliquid has fallen off with their pure onchain options. Once the airdrop is over, the platform can not upkeep the liquidity required. So to me its become clearer than ever that CeDeFi is the way forward.
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Get ready for the $BB Banana zone. BounceBit is heavily underpriced for current market conditions. I believe the next protocol upgrade or other good news will initiate price discovery. Next target 42ct, then 56ct. Altcoins tend to move quicker than you think, especially when recovering from a bottom. Best example is $ENA which has been gaining a lot of percents recently. Ethena has a similar foundation to BounceBit. When funding rate is high, the yield both of these projects offer are high. They follow the same market dynamics essentially. Since Ethena is a bigger project by market cap, they naturally move first. BUT as you can see BB hasn't been lacking far behind and made a good few percentages as well. We only need another trigger event to send us higher, and I believe anything below 40ct is a good entry to not be late when it happens. Any major partnership or product upgrade could be this trigger.
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