$BB I think this position is a good place to start buying a little.
Recently I looked back at BounceBit. $BB is now trading at around $0.0095. It has rebounded about 13% over the past 24 hours. It has already gone through a very deep round of declines, and the project’s total market cap is now only around $12 million.
I think it’s worth paying attention to again, mainly because there’s been some recent progress on the fundamentals.
On August 19, BounceBit launched Borobudur, bringing in Franklin Templeton’s tokenized money market fund BENJI. Users can use this kind of yield-bearing RWA as collateral, borrow BB, and at the same time maintain exposure to the returns of the original assets. And currently, the borrowing interest rate is set to 0%.
BounceBit’s own assets under management are still about $243 million. The business has expanded from the early days of simply generating BTC yield to stablecoins, RWA, on-chain credit, and CeDeFi. In the partnerships the official has disclosed, the ecosystem also includes Franklin Templeton, Circle, Centrifuge, Superstate, and others.
So for $BB , this is a position I personally like: the token price has already dropped very low, but the project is still continuing to build products—and recently catalysts have started appearing again.
Risks for small-cap coins are definitely higher. I wouldn’t buy a lot at once, but around $0.01 I think it’s a good time to start slowly building a position. If the market continues to recover, then we’ll see whether it can have another valuation correction cycle.
Recently I looked back at BounceBit. $BB is now trading at around $0.0095. It has rebounded about 13% over the past 24 hours. It has already gone through a very deep round of declines, and the project’s total market cap is now only around $12 million.
I think it’s worth paying attention to again, mainly because there’s been some recent progress on the fundamentals.
On August 19, BounceBit launched Borobudur, bringing in Franklin Templeton’s tokenized money market fund BENJI. Users can use this kind of yield-bearing RWA as collateral, borrow BB, and at the same time maintain exposure to the returns of the original assets. And currently, the borrowing interest rate is set to 0%.
BounceBit’s own assets under management are still about $243 million. The business has expanded from the early days of simply generating BTC yield to stablecoins, RWA, on-chain credit, and CeDeFi. In the partnerships the official has disclosed, the ecosystem also includes Franklin Templeton, Circle, Centrifuge, Superstate, and others.
So for $BB , this is a position I personally like: the token price has already dropped very low, but the project is still continuing to build products—and recently catalysts have started appearing again.
Risks for small-cap coins are definitely higher. I wouldn’t buy a lot at once, but around $0.01 I think it’s a good time to start slowly building a position. If the market continues to recover, then we’ll see whether it can have another valuation correction cycle.