$BB BounceBit (BB) – Long-term potential amidst short-term turbulence
Over the past 24 hours, BounceBit’s BB token has dropped 11.37% to $0.1162, reflecting strong selling pressure and rising volatility, despite recent signs of positive capital inflows. Technical indicators still point to a bearish trend, making short-term traders more cautious.
Despite the recent price setback, BounceBit continues to attract attention with its unique CeDeFi BTC Restaking model. The project has posted impressive TVL growth and consistently executes strategic token buybacks, fueled by an annual protocol revenue of $16 million.
Overall, the community sentiment remains largely positive, focusing on the project’s long-term vision and its strategic partnerships with leading financial institutions such as Franklin Templeton. This reinforces expectations that BounceBit could emerge as a key player in the CeDeFi landscape.
💬 Do you think this recent drop in BB’s price is just a short-term correction, or the start of a new long-term trend? Share your thoughts below
