- Bullish AUCTION price prediction ranges from $9.37 to $39.53.
- AUCTION price might also reach $40 this 2022.
- AUCTION’s bearish market price prediction for 2022 is $3.89.
Bounce is a web3 marketplace protocol that was launched on the Ethereum blockchain. The native token of Bounce is called Bounce Finance Governance Token and is denoted as AUCTION.
Bounce investors are bullish on the token since it has had a return on investment (ROI) of over 104.94% in the past four months. The crypto bubble in 1 led to an increase in the price of AUCTION to its present all-time high (ATH) of $70.56, which was attained in April 2021. Irrespective of the recent crypto winter, AUCTION investors are confident that the future of AUCTION is bullish.
If you are interested in the future of Bounce Finance Governance Token (AUCTION) and want to know the price analysis and prediction of AUCTION for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.
What is Bounce Finance Governance Token (AUCTION)?
Bounce is a web3 marketplace protocol for an inclusive marketplace which includes decentralized finance (DEFI), metaverse, purchase and sales, decentralized auctions, Bounce Fangible, and managing contracts for custom users.
Bounce Finance Governance Token (AUCTION) is multichain and is present in Ethereum blockchain, Binance Smart Chain, Polygon, Solana, Kusama, and Polkadot ecosystem. This allows the users to play along with different blockchains and also enjoy more possibilities and more potential.
It was launched in mid-2020 and was founded by Chandler Song and Ryan Fang. The company is located in San Francisco, United States.
The bounce Finance ecosystem allows users’ full-scale participation by enabling them to build their unique auction platforms, allowing the project to run through crowdloans or trading in scarce assets and also receiving rewards in the sharing economy.
The Bounce Metaverse City allows its users to explore all the tools in its virtual home base and house the entire Bounce ecosystem in one place. Some top celebrities with Bounce are Nick Young, Skyy Clark, Devon Dotson, Eimi Fukada and Kyle Kuzma.
Bounce Finance Governance Token (AUCTION) Current Market Status
The maximum supply of Bounce Finance Governance Token, also known as Bounce (AUCTION), is 10,000,000 AUCTION, while its circulating supply is 2,083,956 AUCTION, according to CoinMarketCap. At the time of writing, AUCTION is trading for $7.72, representing 24 hours decrease of 2.05%. The trading volume of AUCTION in the past 24 hours is $4.77 million, which represents an 18% increase.
Some top cryptocurrency exchanges for trading Bounce Finance Governance Token (AUCTION) are Binance, Coinbase, Huobi Global, Gate.io, Mexc and others.
Now that you know what AUCTION is and its current market status, we shall discuss the price analysis of Bounce Finance Governance Token (AUCTION) for 2022.
Bounce Finance Governance Token (AUCTION) Price Analysis 2022
Currently, AUCTION is ranked in the 662nd position on CoinMarketCap. Will developments and upgrades within the Bounce community lead to a rising price of Bounce Finance Governance Tokens (AUCTION)? We shall see in this CoinEdition price analysis 2022 article.
Bounce Finance Governance Token (AUCTION) Price Analysis- Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Bounce Finance Governance Token (BOUNCE), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of AUCTION might be sustained before any reversal would be expected.
Bounce Finance Governance Token (AUCTION) Price Analysis- Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Bounce Finance Governance Token (AUCTION) 1day chart of AUCTION/USDT is 46.58. This shows that AUCTION is showing a neutral trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.
Bounce Finance Governance Token (AUCTION) Price Analysis- Moving Averages
The chart above shows the 1Day chart of AUCTION 200-day and 100-day Moving Average (MA). Presently, AUCTION is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Bounce Finance Governance Token (AUCTION) might experience a significant rise or fall in the future.
Bounce Finance Governance Token (AUCTION) Price Prediction 2022
Looking at the daily chart of AUCTION/USDT, the AUCTION price was swinging from $12.75 resistance2 to $9.37 resistance1 after touching the support levels at $6.45 and $3.89. It reversed from the support level of $6.45 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term AUCTION price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect AUCTION to reach $40 in 2022.
Bounce Finance Governance Token (AUCTION) Price Prediction- Resistance and Support Levels
This bullish chart shows that the price of AUCTION has decreased by 28.4% in the past 30 days. If this price decrease reverses, AUCTION could break the $9.37 resistance1 level and move higher to $39.53 at the resistance8 level and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of AUCTION might be dethroned from its present uptrend position. In simpler terms, AUCTION might trend below the $3.89 support2 level and even lower in 2022, a bearish signal.
Bounce Finance Governance Token (AUCTION) Price Prediction 2023
If the value of the relative strength index (RSI) of AUCTION is at least 60 by the end of 2022, it means that the bulls and investors are in change. This could spill over into the first half of the year 2023, which could make the price of Bounce Finance Governance Token (AUCTION) trade around $60 by the end of 2023.
Bounce Finance Governance Token (AUCTION) Price Prediction 2024
The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of AUCTION. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of AUCTION trade at $80 by the end of 2024.
Bounce Finance Governance Token (AUCTION) Price Prediction 2025
By 2025, the Bounce Finance Governance Token (AUCTION) price could rise to $150. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the AUCTION platform to ensure that more decentralized applications and metaverse products are launched, this price target could be attained.
Bounce Finance Governance Token (AUCTION) Price Prediction 2026
With the number of AUCTION hodlers on the increase and the growing sentiment about cryptocurrencies, AUCTION has the possibility of holding most of its recent gains and consolidating. Hence, the price of AUCTION could trade around $180 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.
Bounce Finance Governance Token (AUCTION) Price Prediction 2027
By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of AUCTION could surge to $240 by the end of 2027.
Bounce Finance Governance Token (AUCTION) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a higher high-value Bounce Finance Governance Token (AUCTION) could hit $300 by the end of 2028.
Bounce Finance Governance Token (AUCTION) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the price of AUCTION to $360 by the end of 2029.
Bounce Finance Governance Token (AUCTION) Price Prediction 2030
The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Bounce Finance Governance Token (AUCTION) to trade around $400 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
Conclusion
As said above, AUCTION might reach $40 in 2022 and $400 by 2030 if investors have decided that AUCTION is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Bounce is a web3 marketplace protocol that was launched on the Ethereum blockchain. The native token of Bounce is called Bounce Finance Governance Token, denoted as AUCTION. Bounce has an all-inclusive marketplace that includes decentralized finance (DEFI), metaverse, purchase and sales, decentralized auctions, Bounce fungible, and managing contracts for custom users.
Like other cryptocurrencies, Bounce Finance Governance Token (AUCTION) can be traded in cryptocurrency exchanges like Binance, Huobi Global, FTX, Kucoin, Gate.io, and others.
AUCTION has a low possibility of surpassing its present all-time high (ATH) price of $70.56 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2024.
AUCTION is one of the few cryptocurrencies that has retained its bullish momentum in the past 14 days. If this momentum is maintained, AUCTION might reach $40 soon after its breaks the $9.37 psychological resistance.
AUCTION has been one of the most suitable investments in the crypto space in the past four months. Its return on investment of over 100% makes it one of the assets to keep on the watch list and own for the future.
AUCTION has a current all-time low price of $3.74.
Chandler Song and Ryan Fang founded Bounce Finance Governance Token (AUCTION).
AUCTION has a maximum supply of 10 million AUCTION.
It was launched in 2020.
AUCTION can be stored in private and cold and hot wallets of centralized exchanges.
AUCTION price is expected to reach $60 by 2023.
AUCTION price is expected to reach $80 by 2024.
AUCTION price is expected to reach $150 by 2025.
AUCTION price is expected to reach $180 by 2026.
AUCTION price is expected to reach $240 by 2027.
AUCTION price is expected to reach $300 by 2028.
AUCTION price is expected to reach $360 by 2029.
AUCTION price is expected to reach $400 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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