We will not share $BTC updates for some time. Continuously two predictions go wrong after streak of 17 correct predictions. I think if I take a break for some time then again start my job we will recover and can predict/analyse the market more accurately. Till that time i will share valuable content like education or some alts coins analysis.
For today I have chosen #bouncebit . We will analyse its fundamentals and then take a leap of technical.
BB is not a token , it is a coin as it has its own blockchain named as BounceBit Blockchain. It is one of those blockchain that offer BTC staking. Its main funda is proof of stake. It has following unique properties:-
CeDefi Platform:- #BBCeDeFi model is a hybrid model that works with traditional centralised finance and decentralised finance. It provides staking facility for $BTC and $BB and using its cross chain EVM Compatibility service it provides seamless transactions and integrations.
Stable Coin Yield Product:- Bouncebit stable coin yield product service offers users to earn flexible yield through combined system of centralised finance & decentralised finance flexibility. These products are backed by stablecoins like US $ to offer volatile free yield. Also you can stake BTC to earn yield.
BounceClub:- #BounceClub is designed to create an engaging and expanding ecosystem. Its main purpose is to increase BB coin use case, interactive space where members can explore different opportunities like use cases of BB, participate in different campaigns to earn rewards and also can participate in governance proposals.
These are its main fundas. As we discussed above its fundamentals that are looking bullish to an extent like BTC staking, compatible transactions etc. Now lets do its technical analysis:-
According to technical analysis BB has breaked declining resistance trend line and now trying to shift trend. Successful trend shift will result in following t.p:-
1. $0.400
2. $0.520
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