At current ranking 289 BB is establishing itself in the mid cap crypto sector. With a market cap of around $154 million it has gained attention with consistent trading and encouraging supply structure.
In the last 24 hours $BB has registered about $105 million of trading volume which is approximately 68% of its market capitalization. This kind of high activity indicates that BB is not sitting around there is actual interest and participation of investors and traders.
#BounceBitPrime circulating supply is at almost 795 million tokens with a total supply of 2.1 billion. This leaves ample scope for growth which can assist in future growth as more tokens come into circulation in the market.
From its initial launch in May 2024 BB has had significant price fluctuations. It reached a high of approximately $0.87 in early June and a low of around $0.07 indicating volatility but also a possibility for those seeking opportunity at moments of market fluctuation.
Platform concentration is fairly high at 16.59 indicating that there is concentrated trading on a small number of exchanges. This can at times result in more aggressive price action but also indicates robust concentrations of interest.
Order flow data is positive with an overall net inflow for all trade sizes. Large medium and small buyers are exceeding sellers which means that market participants are overall bullish on BB currently.
