Technical analysis by theDRS about Symbol BB: Buy recommendation (12/12/2024)

Why I see potential :- I see it as one of the cheapest projects according to BB Market. - As the pricing of Bitcoin increases, the pricing here will increase more and more over time. - As Btc remains above the psychological 100K level, the pricing of the BB project will become aggressive. - I see it as the best opportunity as Tokenomic. No unlocking until May 13, 2025! Afterwards, unlocking will be done at a monthly rate of 2.13%. Binance support is available. - Current circulation rate is 15%! This is an important factor for aggressive pricing in the last leg of the bull! - It has a low market value. - Strong Investors: Binance Labs Portfolio receives support from major venture capital companies such as IOSG Ventures, NGC Ventures and Hypersphere. Result: Current market value is 228M. 24-hour volume is 175 Million dollars. A project ready to explode! I see it as a completely bull project. My thoughts are based on these values. Of course, I could be wrong... Brief information about BounceBit: BounceBit is an innovative project built specifically on Bitcoin (BTC) in the cryptocurrency sector. BounceBit can be defined as a Layer 1 (L1) blockchain network that enables Bitcoin to be staked and re-staking. This project aims to go beyond Bitcoin being just a store of value by offering new usage areas to Bitcoin owners. Basic Features: BTC Stake and Restake: BounceBit provides new functionality to BTC by enabling Bitcoin to be staked. This makes it possible to earn returns on Bitcoin. This return potential can be further increased with the Restake mechanism. Dual-Token PoS System: BounceBit uses a Proof of Stake (PoS) system that works with both Bitcoin and its native token BB. This increases the security of the network while allowing users to stake with both BTC and BB. EVM and BNB Chain Compatibility: BounceBit has the potential to create a broader DeFi ecosystem by working with Ethereum Virtual Machine (EVM) and BNB Chain. Thus, tokens such as BTCB and WBTC can also be used on this network. BounceClub: BounceClub, a part of BounceBit, provides a platform where users can create decentralized applications (dApps) without coding knowledge. Governance and Gas Fee: The BB token is used as the governance token of the BounceBit ecosystem and is required to pay the gas fee for transactions.