BounceBit (BB)
BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.
1. BB Basic Info
| Symbol | BB |
| Name | BounceBit |
| Web Site | https://bouncebit.io |
| Wallet | -- |
| Source | -- |
| Explorer | https://mainnet.bbscan.io/ |
| Forum | -- |
| Mining | |
| Supply | 2100000000 |
| Available Supply | 409500000 |
| Market Cap | 43734600 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 2100000000 |
| Release Date | 2024-05-13 |
2. BB Technical Info
2.1 BB Kline Chart Price
2.2 BB Technical Analysis
The price is expected to experience a short-term bearish trend. The immediate price target is likely to be around 0.1000.
Following this, the price could potentially consolidate within a range, with the possibility of a further decline towards 0.0950. However, there is also a chance of a minor upward correction before further decline.
If the market shows significant selling pressure, there is a chance of breaking below the support level of 0.0950 and moving toward 0.0900. Overall, the near future indicates bearish momentum and potential for further downward movement.
The volume data suggests increasing volatility, which could further amplify price swings in either direction. The primary trend direction remains bearish.
