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Bounce Token Price Prediction: Should You Invest in Bounce Token?

Where there are tradeable assets, undoubtedly at least one auction is going to pop up soon. Or, as in this case, AUCTION — token powering Bounce, a protocol facilitating NFT auctions. To find out whether those native coins’ valuation is as exciting, you should look at some Bounce token price predictions below.

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Bounce Token Fundamental Analysis

Project name
Bounce Token
Stock Symbol
AUCTION
Current Price
19.23
Current Supply
7212781.694819826
Official Website

Bounce is a decentralized auction protocol for NFT sales. It allows users to create, gather, collect and trade any kinds of digital assets, tokens, and non-fungible tokens across multiple blockchains. It’s available for the assets based on the Ethereum and Binance Smart Chain. The project was launched in mid-2020, performed over 6000 auction pools, and reached a transaction volume of 7000 ETH. 

To create a competitive swap environment Bounce bases its activity on the scarcity of resources, thus benefiting the swap environment with a limited supply of coins and any other digital assets like NFTs. They can be auctioned through token sales or NFT auctions. The token sales with a limited amount of assets can be completed through a fixed swipe auction, Dutch auction (based on decreasing price principle), or sealed-bid auction (based on a hidden-price principle). NFTs are sold in the same way with the only difference - the number of tokens is always limited to a smaller number of assets (even just one unique piece).  

Bounce works with most of the commonly used wallets such as MetaMask, Trezor, Coinbase Wallet, Binance Chain Wallet, etc. The team also works on supporting more wallets. The users can benefit from automatic execution, contingency, and the absence of permissions. It’s also possible to build your own NFT auction platform using the protocol.

AUCTION is the token currently powering the protocol, providing the possibility to mine the liquidity, govern the platform, and staking. It supports the incentives in the protocol and allows the holders to govern the network. The AUCTION token was mitigated from the “BOT” coin that went through a 1:100 swap.

Bounce Token Live Price Chart

Bounce native’s token price at the beginning of the year was bearish, though the price didn’t fall too much and started to grow significantly in the middle of March. On April 12 AUCTION token price reached its all-time high of $70.58 and then went through the correction still following a bullish trend till the end of May. 

For the next three months — from the end of May till the beginning of August Bounce coin was bearish and reached its all-time low of $10.57 on June 14. But from August 5 the value started to recover and steadily grow with a short period of decreasing. 

AUCTION token also moved along with the whole crypto market tendency and started to surge in October. On October 22 token price reached the highest level from its spring bull ride and the coin was traded for $58. Interestingly, token price swings a lot during the day, experiencing 40%-50% change within 24h.

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Bounce Token Technical Analysis

Despite the fact that 100% accurate technical analysis for Bounce Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated AUCTION buy-and-sell rating for selected timeframe. The summary for AUCTION/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Bounce Token Price Prediction

Below we have collected the most reliable price projections for Bounce Token (AUCTION) from popular forecast platforms.

WalletInvestor AUCTION Price Prediction for 2022, 2024, 2026

According to WalletInvestor, Bounce Token price will drop from $19.23 to $3.343 in one year. That makes AUCTION an bad investment. The long-term earning potential is -82.62%.

TradingBeasts AUCTION Price Prediction for 2023

Answering the question about if Bounce is a good investment, TradingBeasts say a resounding no. In the 2022 perspective, this coin price is predicted to reach $17.722 with a reduction to $15.874 by the end of 2023.

DigitalCoin AUCTION Price Forecast for 2022, 2023, 2024, 2026

In DigitalCoin analysis, the price of Bounce Finance Governance Token cryptocurrency will rise in the next 5 years starting from $24.4305296 as of today’s price to $97.9024748. It will go up to $35.7220436 by 2023 and starts its reduction in 2024-2025. Based on this forecast, Bounce Finance Governance Token is a profitable long-term investment.
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Summary

As it can be clear from the analysis cited above, Bounce Token (AUCTION) projections are rather contradictory. There is no universal consensus either about positive or negative future AUCTION price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Bounce Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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