BounceBit $BB — this is the world's first proprietary re-staking chain for BTC. The BounceBit network is secured by staking both Bitcoin and BounceBit tokens. The BounceBit PoS mechanism represents a unique betting system with two tokens, utilizing the built-in security of BTC with full EVM compatibility. BounceBit represents an innovative step forward, representing
a mixed yield mechanism of DeFi and CeFi, allowing BTC holders to earn income through built-in validator staking, the DeFi ecosystem, and the CeFi mirroring mechanism based on Ceffu and Mainnet Digital. The BounceBit rate today is $0.201, down -3.29% over the last 24 hours. The maximum BounceBit rate reached $0.865 - June 6, 2024. Compared to the maximum rate, the current BounceBit price has fallen by -76.8%. There are currently 409.50 million $BB , and the maximum coin supply is 2.10 billion. The market capitalization of BounceBit is $82.17 million with a daily trading volume over the last 24 hours of $17.94 million. The currency is traded on 20 markets and 21 exchanges. The most active exchange for trading is Binance. The cryptocurrency BounceBit ($BB ) operates on its own blockchain. The market capitalization is about $159 million, and the daily trading volume is approximately $38.9 million, which is 38.65% lower compared to the previous period. A decrease in trading volume may indicate a reduction in market activity, contributing to increased price volatility.
Technical analysis shows the following: the MACD histogram is positive (0.002196), which usually indicates a bullish sentiment, but the 7-day RSI is 54.85 — this is a neutral indicator. The price is below the 7-day simple moving average (SMA) at (0.21395) and the exponential moving average (EMA) at (0.20811), which may indicate resistance levels. Fibonacci retracement levels show that the current price is close to the 38.2% level at 0.20279, which may act as support. If the price falls below this level, the next support is around 0.17363. The pivot point is 0.20588, and the current price is 0.201, meaning it is below this point, which may indicate bearish sentiment.#BB #BounseBitPrime
