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Mib BBT
@MibBBT
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The concept of #cedefi is the extension and the upgrade of CEXs.
Originally, DeFi and staking projects all built their own pools to provide incentives to attract users to stake or provide liquidity through LP tokens. However, this incentive mechanism has stagnated. Everyone knows how to play the game, so the #Rewards are marginalized.
What CeDeFi essentially brings, is the transformation of regulated #custody becoming a secondary exchange.
The advantage is that projects get more flexibility and opportunities in handling the assets of its users. It opens the doors for financial instruments that require deep liquidity not found in DeFi. You can do #OptionsTrading and #Arbitrage on a large scale. Just what BounceBit and Ethena are doing.
As the name suggests, CeDeFi, naturally violates the principle of decentralization. Nevertheless, it undoubtedly has its place in crypto.
Money flows towards yield opportunities, regardless of decentralized or not. So stay on the lookout for projects that utilize CeDeFi infrastructure to provide what people are really looking for: sustainable yield
My picks: BounceBit $BB Ethena $ENA Manta $MANTA
Originally, DeFi and staking projects all built their own pools to provide incentives to attract users to stake or provide liquidity through LP tokens. However, this incentive mechanism has stagnated. Everyone knows how to play the game, so the #Rewards are marginalized.
What CeDeFi essentially brings, is the transformation of regulated #custody becoming a secondary exchange.
The advantage is that projects get more flexibility and opportunities in handling the assets of its users. It opens the doors for financial instruments that require deep liquidity not found in DeFi. You can do #OptionsTrading and #Arbitrage on a large scale. Just what BounceBit and Ethena are doing.
As the name suggests, CeDeFi, naturally violates the principle of decentralization. Nevertheless, it undoubtedly has its place in crypto.
Money flows towards yield opportunities, regardless of decentralized or not. So stay on the lookout for projects that utilize CeDeFi infrastructure to provide what people are really looking for: sustainable yield
My picks: BounceBit $BB Ethena $ENA Manta $MANTA
$BB is still ridiculously undervalued. Easiest comparison $ENA Ethena, same CeDeFi tech just with a more diverse execution. However, BounceBit is still a 10x away from reaching Ethena's market cap.
$BB is catching a strong bid, with a perfect support/resistance flip and a clear market structure break. They also have insane good yields on their CeDefi V2 products, it should bring more attention to BB
$BB is catching a strong bid, with a perfect support/resistance flip and a clear market structure break. They also have insane good yields on their CeDefi V2 products, it should bring more attention to BB
$BB people running BounceBit are quite smart and experienced. They don’t want it to be highly volatile. It goes up, correct and stabilize, and repeat. This token wants to be highly valued asset. The total supply is at 2.1B, the circulation supply is about 470M, which make it undervalued compared to other tokens. If it continues at this rate most probably next 2 or 3 years it will reach $10. I think it’s good option for medium and long term run. Best choice stable coin.
My Ethereum has finally woken up, but I still have to wait until 4500 to break even.
Recently, I've been focusing on meme coins, but over the past few days, L2 and DeFi VC coins have surged even more than meme coins, so I've returned to the secondary market.
There's a thought I've been considering: We can take a look at which new coins Binance has launched this year and find projects that can hit multiple popular sectors and have low valuations.
I feel that $BB is quite good. Its market cap is at $150M dollars, which is relatively low, and token won't unlock until May next year.
It spans two popular sectors: BTC and CeDeFi. In contrast, Ethena $ENA , which is also in the CeDeFi sector, already has a market cap of $1.5B, a tenfold difference.
Recently, many people have been discussing PayFi, but I think #cedefi has a lot of potential as well. Why do I say this? Because I went all in on it
Recently, I've been focusing on meme coins, but over the past few days, L2 and DeFi VC coins have surged even more than meme coins, so I've returned to the secondary market.
There's a thought I've been considering: We can take a look at which new coins Binance has launched this year and find projects that can hit multiple popular sectors and have low valuations.
I feel that $BB is quite good. Its market cap is at $150M dollars, which is relatively low, and token won't unlock until May next year.
It spans two popular sectors: BTC and CeDeFi. In contrast, Ethena $ENA , which is also in the CeDeFi sector, already has a market cap of $1.5B, a tenfold difference.
Recently, many people have been discussing PayFi, but I think #cedefi has a lot of potential as well. Why do I say this? Because I went all in on it
Been watching this sexy AF falling wedge form for months for CeDeFi pioneer BounceBit, $BB price is pressing against diagonal resistance & getting close to the apex plus their calendar is filled w/ bullish events this month, beautiful entry for another easy 2x from here
Usually when Bitcoin pumps heavily like today, altcoins tend to stay behind and only follow later. The reason why today this was different lies in the reason for the pump - the election results.
The market was in a month long limbo, undecisive and uncertain. Not good conditions for altcoins that flourish in markets with a clear direction or in other words - a full blown bull market.
The fact that Trump give the market a much needed boost of confidence. Altcoins heavily benefitted because of the prospect of clearer and more lenient regulations for cryptocurrency.
Regarding BounceBit: We cross this green line and we're good. Already got the 99 day moving average. $BB is making a comeback. Zoom out and you'll see.
Incoming regulations will also affect BounceBit's CeDeFi and the asset management behind it. So keep an eye out on that. If the regulations turn out to be lenient - likely with Trump elected - than this gives me much confidence for the future of BounceBit and CeDeFi in general. Ethena $ENA will be similarly affected. That's why it pumped so hard today. Projects like these with a big vision for the future, are undoubtedly bound to regulation.
The market was in a month long limbo, undecisive and uncertain. Not good conditions for altcoins that flourish in markets with a clear direction or in other words - a full blown bull market.
The fact that Trump give the market a much needed boost of confidence. Altcoins heavily benefitted because of the prospect of clearer and more lenient regulations for cryptocurrency.
Regarding BounceBit: We cross this green line and we're good. Already got the 99 day moving average. $BB is making a comeback. Zoom out and you'll see.
Incoming regulations will also affect BounceBit's CeDeFi and the asset management behind it. So keep an eye out on that. If the regulations turn out to be lenient - likely with Trump elected - than this gives me much confidence for the future of BounceBit and CeDeFi in general. Ethena $ENA will be similarly affected. That's why it pumped so hard today. Projects like these with a big vision for the future, are undoubtedly bound to regulation.
$BB is stronger than Bitcoin and Ethereum combined
You will be witnessing the biggest comeback of $BB within the next week. From 0.26 straight to 0.6. When we reach 0.42 eventually it will be crucial that $BTC price doesn't interfere again.
BB is grossly oversold on many timeframes, but the banana zone play i shared a while ago is still in play, just a longer, juicier banana.
CeDeFi V2 is coming up very soon as well, and BounceBit eco with memes and quanto options as main runner have been doing great.
BB is grossly oversold on many timeframes, but the banana zone play i shared a while ago is still in play, just a longer, juicier banana.
CeDeFi V2 is coming up very soon as well, and BounceBit eco with memes and quanto options as main runner have been doing great.
Ok big news just dropped!
BounceBit just announced its support for a CeDeFi perpetual exchange called duriandotwin. And durian.win will airdrop 15% of the token supply to $BB holders and community.
Why is that significant?
BounceBit has been the number one advocator for CeDeFi this year. Seeing that they finally start using this influence to support upcoming projects is making me expect more similar developments in the near future.
If you paid attention you would know that Ethena, another CeDeFi project, made a similar move with their Ethereal exchange incubation.
I think we'll see a wave of projects being bootstrapped with CeDeFi infrastructure and it's a good chance to be early. Just look at how Hyperliquid has fallen off with their pure onchain options. Once the airdrop is over, the platform can not upkeep the liquidity required. So to me its become clearer than ever that CeDeFi is the way forward.
BounceBit just announced its support for a CeDeFi perpetual exchange called duriandotwin. And durian.win will airdrop 15% of the token supply to $BB holders and community.
Why is that significant?
BounceBit has been the number one advocator for CeDeFi this year. Seeing that they finally start using this influence to support upcoming projects is making me expect more similar developments in the near future.
If you paid attention you would know that Ethena, another CeDeFi project, made a similar move with their Ethereal exchange incubation.
I think we'll see a wave of projects being bootstrapped with CeDeFi infrastructure and it's a good chance to be early. Just look at how Hyperliquid has fallen off with their pure onchain options. Once the airdrop is over, the platform can not upkeep the liquidity required. So to me its become clearer than ever that CeDeFi is the way forward.
Get ready for the $BB Banana zone.
BounceBit is heavily underpriced for current market conditions.
I believe the next protocol upgrade or other good news will initiate price discovery.
Next target 42ct, then 56ct. Altcoins tend to move quicker than you think, especially when recovering from a bottom. Best example is $ENA which has been gaining a lot of percents recently. Ethena has a similar foundation to BounceBit. When funding rate is high, the yield both of these projects offer are high. They follow the same market dynamics essentially. Since Ethena is a bigger project by market cap, they naturally move first. BUT as you can see BB hasn't been lacking far behind and made a good few percentages as well.
We only need another trigger event to send us higher, and I believe anything below 40ct is a good entry to not be late when it happens. Any major partnership or product upgrade could be this trigger.
BounceBit is heavily underpriced for current market conditions.
I believe the next protocol upgrade or other good news will initiate price discovery.
Next target 42ct, then 56ct. Altcoins tend to move quicker than you think, especially when recovering from a bottom. Best example is $ENA which has been gaining a lot of percents recently. Ethena has a similar foundation to BounceBit. When funding rate is high, the yield both of these projects offer are high. They follow the same market dynamics essentially. Since Ethena is a bigger project by market cap, they naturally move first. BUT as you can see BB hasn't been lacking far behind and made a good few percentages as well.
We only need another trigger event to send us higher, and I believe anything below 40ct is a good entry to not be late when it happens. Any major partnership or product upgrade could be this trigger.
This is the ideal scenario for $BB that I can see play out in the next few weeks/months.
Crucial zone here. It will take a while to recover but patience will be rewarded.
The most crucial resistance lies at 0.25, unless this is broken I'm going to shamelessly keep shilling BounceBit. The project itself has already proven its PMF, just the #tokenomics are yet to be tested. And let's hope the #IranianMissilesPlummetsBTC trend stops right here.
Crucial zone here. It will take a while to recover but patience will be rewarded.
The most crucial resistance lies at 0.25, unless this is broken I'm going to shamelessly keep shilling BounceBit. The project itself has already proven its PMF, just the #tokenomics are yet to be tested. And let's hope the #IranianMissilesPlummetsBTC trend stops right here.
Your chance to be early: Memecoins on BounceBit
$Lnng and $NOTBB are the top ones. Market cap still below $1M at the time of writing.
They have high volume and liquidity. Seems to be an easy bet on the BounceBit eco and the official twitter has been subtly mentioning them too #mememcoinseason2024 #MemeCommunity #MemeWatch2024
$Lnng and $NOTBB are the top ones. Market cap still below $1M at the time of writing.
They have high volume and liquidity. Seems to be an easy bet on the BounceBit eco and the official twitter has been subtly mentioning them too #mememcoinseason2024 #MemeCommunity #MemeWatch2024
Update: Bitcoin is experiencing a downturn after failing to hold 66k. Importantly $BB is holding 0.36 anyway which makes me optimistic for the eventual market recovery and establishes 0.36 as solid resistance for mid-term.
We are still cruising above the 99d Moving Average (blue line), so the overall trend is still intact.
We are still cruising above the 99d Moving Average (blue line), so the overall trend is still intact.
Important for $BB to hold 0.36 here.
I believe we saw an overreaction to the rejection at 0.42 and this could be a good buying opportunity.
BounceBit is heavily undervalued in TVL/Mcap ratio if you compare it to the likes of $SEI and others.
I believe we saw an overreaction to the rejection at 0.42 and this could be a good buying opportunity.
BounceBit is heavily undervalued in TVL/Mcap ratio if you compare it to the likes of $SEI and others.
Update: $BB touched our target at 0.42 but got rejected on the hourly candles. However I believe 0.4 is a good entry, as it’s a strong support psychologically and technically.
If we break 0.42 decisively we are looking at 0.52 price target next
Also BounceBit got a funny CZ campaign going on, with CZ out of prison that’s bullish #czprison
If we break 0.42 decisively we are looking at 0.52 price target next
Also BounceBit got a funny CZ campaign going on, with CZ out of prison that’s bullish #czprison
$BB : $330M TVL, backed mostly by $BTC , showcasing unmatched asset quality.
Market cap? $182M (FDV $850M)
$SEI $200M TVL
Market cap? $1.65B (FDV $4.7B).
The disparity is real— BB is undervalued, under-owned and likely to reprice accordingly...
Market cap? $182M (FDV $850M)
$SEI $200M TVL
Market cap? $1.65B (FDV $4.7B).
The disparity is real— BB is undervalued, under-owned and likely to reprice accordingly...
This is all you need to know about $BB in relation to $BTC
I guess you could dive into their pioneering tech too, but that’s up to you. It’s gonna make the run anyway
I guess you could dive into their pioneering tech too, but that’s up to you. It’s gonna make the run anyway
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