BounceBit (BB) Price Prediction 2024-2030: Will BB Price Hit $1 Soon?

• BB is expected to rise past the $0.75 resistance and hit $1.99 before the end of 2024.
• The price of  BB could drop to $0.97 in 2027 but it might bounce to $4.48 in 2028.
• BB might hit the $10 milestone by the end of 2030.

After its recent launch, the hype around BounceBit has been impressive. Also, there have been opinions that the token would not only last a short period. Whether that is true or not, time will tell. Here is a thorough overview of the BounceBit project and its price prediction from 2024 to 2030.

BounceBit (BB) Real Time Market Status

What is BounceBit (BB)?

BounceBit is a project using the centralized and decentralized finance framework to build a BTC restaking network. With BounceBit, Bitcoin (BTC) holders can earn yield across different networks.

But it does not end there, the project allows full compatibility with the Ethereum Virtual Machine with the help of BB, its native token. For those unfamilar, BounceBit is a layer-1 project that uses that combines Bitcoin’s security with the Proof-of-Stake (PoS) consensus.

With the dual system, users can bridge assets and interact with restaking products on the network. In addition, the project is secured by the regulated custody of Mainnet Digital and Ceffu.

BounceBit (BB) Current Market Status

The price of BB has increased by 30.50% in the last 24 hours. As a result of this hike, the value of the token jumped to $0.69. However, Coin Edition observed that the price increase was not artificial due to the indications from the trading volume.

As of this writing, BouncBit’s trading volume was $648.87 million. This was a 74% increase from what the value was on May 26. Considering the rise in volume, BB’s price could be looking at hitting $0.75 in the short term as the volume could give strength to the upswing.

Furthermore, the market cap of the cryptocurrency was $281.54 million. Its maximum and total supply was 2.1 billion tokens while 409.50 million were in circulation. BB is listed on several exchanges. Some of these include Binance, Bybit, Bitget, KuCoin, and HTX.

BounceBit (BB) Price Analysis

With the recent performance of BB, there are speculations that the price might trade higher. But those opinions might not have any backing unless we look at the token from a technical angle. Here is an overview of the price analysis of BB and its price prediction from 2024 to 2030.

BounceBit (BB) Price Analysis – Bollinger Bands

BB has exhibited high volatility for the past few days according to the indications from the Bollinger Bands. As of this writing, the bands expanded indicating that price fluctuations might be massive.

Also, the upper band of the indicator seemed to have touched the token at $0.77, making it overbought. As such the price has decreased. From all indications, a bearish situation could send BB as low as $0.61. But in a highly bullish case, it could bounce to $0.79.

BounceBit (BB) Price Analysis – Relative Strength Index (RSI)

On May 27, the signal from the Relative Strength Index (RSI) was similar to what was shown on the Bollinger Bands. At that time, the RSI reading climbed past 70.00, making the token overbought.

As mentioned before, this overbought status was what caused the price to retrace. In addition, the RSI indicator seemed to be facing downward, indicating that BB’s price might continue to decrease in the short term.

BounceBit (BB) Price Analysis – Moving Average Convergence Divergence

On the 4-hour chart, the Moving Average Convergence Divergence (MACD) was previously positive. At this time, the reading indicated that the momentum was bullish. However, press time data showed that the indicator had flipped to negative territory, suggesting that the BB’s momentum was now bearish.

Furthermore, the 26 EMA (orange) had crossed over the 12 EMA (blue), indicating that sellers have begun to take over bullish control. If this persists, the price of BB could continue to slip.

BounceBit (BB) Price Prediction 2024

Despite BB’s current situation, the price of the token might hit a new high in 2024. This is due to the indications shown by the Supertrend. Based on the 4-hour chart, the buy signal of the Supetrend was situated at $0.56, suggesting that the price of the token might drop to the region.

However, if BB does, it could be a time to accumulate more before another uptrend begins. In addition, the Money Flow Index (MFI) trended downward, suggesting that selling pressure was intense as capital was being taken out of the cryptocurrency. 

But there is a tendency for the MFI reading to hit 20.00. If this is the case, BB would be said to be oversold. As such, a bounce could occur and the price could rally to $1.99 in 2024.

BounceBit (BB) Price Prediction – Resistance and Support Levels

A solid support for BB stood at $0.31. At this point, the token was able to break out. However, there was an issue with surpassing its launch price when the price hit $0.47. This region acted as resistance for the token.

But it did not take long for bulls to breach this resistance and take BB higher. While the price has decreased recently, it could attempt to trade higher soon. To achieve that, the cryptocurrency must rally past another resistance at $0.75.

BounceBit (BB) Price Prediction 2025

Staking and restaking are expected to experience a good level of traction in 2025. Because of the adoption the sector might experience, BB’s price might gain from it. Also, the year is expected to be bullish for altcoins. Hence, BB’s price could be $2.95 in 2025.

BounceBit (BB) Price Prediction 2026

By 2026, BB might experience a downturn as the broader market could fall into a bear phase. By that time, liquidity in the market could be low, leaving prices of cryptocurrency at risk of declining. For BB, the price could drop to $1.80.

BounceBit (BB) Price Prediction 2027

BB’s decline could spread to 2027 as the market might find it challenging to bounce. By the look of things, investor sentiment might also be bearish. As such, demand for tokens could be almost non-existent. Thus, BB could trade at $0.97.

BounceBit (BB) Price Prediction 2028

In 2028, the price of BB is expected to bounce from the lows of the previous years. Besides increased buying pressure, the token could rise because of the 5th Bitcoin (BTC) halving. Typically, prices of altcoins rise during this time. Hence, BB could trade at $4.48.

BounceBit (BB) Price Prediction 2029

The price of BB might extend its increase into 2029. While some predictions are saying the token might hit $10 by that time, the forecast might not come to pass. Hence, Coin Edition’s analysis showed that BB’s price could be $6.70 in 2029.

BounceBit (BB) Price Prediction 2030

The price of BB could rally again in 2030. This time, the pump could be harder than in previous years, and BounceBit’s community could be in millions. From our predictions, the value of BB could be $10 in 2030.

BounceBit (BB) Price Prediction 2040

The price of BB might experience major upsides and downsides between 2030 and 2040. However, before the end of 2040, the price of the token could hit $17.50.

BounceBit (BB) Price Prediction 2050

Many would expect BB to reach $50 in 2050 considering the potential that the broader crypto could be valued above $20 trillion. However, the token might not reach that point but its price is expected to trade at $32.

Conclusion

Despite the links with Bitcoin and Ethereum, BounceBit’s price might not correlate with ETH and BTC. However, this does not imply that the price of BB would not increase. 

But expecting the value to move at the same pace could be a great undoing. However, the solid fundamentals of the project and budding restaking narrative places BB in a good position to perform well in the future. 

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