🔔 BBS Token TA & My Views on 9 Months of daily trading view chart 🤔
Hello BBSers,As you all know BBS has been trading on few Exchanges and today i am sharing you my litle TA and analysis that i did BBS Token on MEXC exchange chart as MEXC global if you remember they launched BBS Token Even before the Auction of BBS Token so they have the full chart from the day BBS token come in to existance..
Today BBS Token slips under 0.015 $ and now the cruicial range it seems is 0.012$ mark BBS is now officially at its ALL TIME LOWS
From trading at 0.29$ back in February 2022 when we all witnessed the Token Launch on cooper launch and the ICO and SHO on DAO Maker there was thrill around the users when the token was about to get launch and the whole BBS community was thriving and there was excitement around and now in November 2022 as of being 9 month months of trading the BBS token we hit the All time lows now..
Pre Token launch we were earning the BBS token at 0.033 rate meaning for every 1$ cashables we were getting 30 BBS tokens and now at all time lows we get 70 BBS tokens so for your 1$ cashable you get 70 BBS tokens thats more than 2.25X tokens than what we used get Pre Token launch..
I feel there is opportunity for traders as we are down almost 96% from our ATH if users invest even 100$ on BBS token right now or earns 100$ cashables in this bear market their investment can 20X if we ever get back to the ATH at 0.29$ *DYOR* No Financial Advice
I feel the BBS Token will have to have more utitility Going forward in Web3 SocialFi as the whole platform's fate will more or less will be decided by its currency value.. Currently we have only 3 usecase of BBS tokens1) To advertise on BBS boards we have to have BBS Tokens 2) BBS Token can be use for Staking and earn APR 3) BBS Network user earnings now we need utility of BBS token outside platform for various things buying things/tickets/donation/tips etc alot can be done by partenering with different Web3 projects..
As we are hearing the BBS App launch is very near and perhaps we will have the BBS App on ou mobile before christmas i dont see the same excitement and discussion about it as we had during the Token Launch maybe because we have less users in here now compared to 2021 but we need some excitement going around in community during this bearish phase some events / competition /giveaways can uplift the community for short term before we get the App launch..
i am about to complete one year of being on BBS in few days and i can say that there is not a single day that i have not logged in to BBS i feel this is a promising platform although alot of work is yet to be done and as a platform we have to change alot of things still and do the devlopment.. lets see what app launch brings to the table..
Would you invest 100$ in BBS Token right now? or you would post more and earn more cashables on platform rather than investing through your pocket?
i would love to know whats your view on this? let me know in comments...
- BBS Soldier 💂
