In the last 24 hours, BounceBit ($BB ) has increased by 7.87%, significantly outpacing the overall growth of the cryptocurrency market at 2.14%.
An important event was the achievement of BounceBit Prime with trading volume exceeding $1.5 billion with the Benji token from Franklin Templeton. This partnership plays a key role: the integration of Benji as collateral stimulates demand for $BB , as the token is used in structured income strategies. Furthermore, Benji Vault offers a yield of 13.31% per annum, attracting investors seeking stable income.
From a technical perspective, the price of $BB is above the key 30-day moving average (SMA) at $0.17595. The relative strength index (RSI) is around 50.25, which is considered a neutral value and indicates the possibility of further movements. The MACD histogram is currently negative, but if the price holds above the SMA, this could indicate a positive market sentiment.
It is also worth noting that the overall cryptocurrency market has grown by 2.14% in the last 24 hours, so part of BB's growth is related to the general trend. However, BB's growth significantly outpaces the market, indicating the influence of specific factors related to this token.