BarnBridge Price Prediction: Can It Match Unprecedented Rise of yPredict Token?

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BarnBridge’s token BOND shed some of its price gains in the past week. It trades at $2.91 at 5:17 am EST representing a 2.7% drop in its price in the last 24 hours.

BOND’s price drop is likely a result of a U.S. Security and Exchange Commission (SEC) investigation on the project in July 2023.

BarnBridge Activities Come to Halt

The SEC’s investigation on Ethereum’s DeFi protocol BarnBridge prompted their legal counsel Douglas Park to call for suspending all activities related to BarnBridge.

pic.twitter.com/ChsjBuGEzM

— BarnBridge (@Barn_Bridge) July 7, 2023

According to Park in a July 7 message posted on Twitter, the SEC is investigating BarnBridge DAO and individuals associated with it. However, he stated that he cannot share further information since the SEC’s investigation was ongoing and private.

Also, he suggested that to reduce further legal issues existing liquidity pools should be closed and no other pools started.

Furthermore, he stated that all work on BarnBridge-related products should stop, and individuals should not be compensated for any work related to the project until further notice.

However, he disclosed that founders Tyler Ward and Troy Murray would not comment on the ongoing investigation.

BarnBridge Co-Founder Reacts

BarnBridge’s co-founder Tyler Scott Ward reacted to the news by stating that he would leave crypto indefinitely.

I'm gutted & heartbroken. I don't have much else to say, so this will be my only public comment.

I'm leaving crypto indefinitely sans some housekeeping.

It's been real everyone. 🫡

— Tyler Scott Ward (@LordTylerWard) July 7, 2023

These events have limited BOND tokens to the $2-$3 range a month later and close to its all-time low value of $2.20.

BOND Price Movement and Analysis on Chart

BOND shows limited trading activity on the daily chart, evident from the small candles formed. It dropped into a downtrend from July 7-24. Although it briefly rallied from July 25-29, the bears returned on July 30 to limit its gains.

The bears at the $3.01 resistance level are driving it down to the $2.82 support on the daily chart. A drop below the support level will likely send BOND back to its all-time low value of $2.20.

BOND indicators depict increasing bearish momentum. The asset trades below its 50-day and 200-day Simple Moving Averages (SMA), expressing a strong bearish signal. It implies that sellers now dominate the trading activities.

Also, its Relative Strength Index (RSI) value is 46.64 in the neutral zone and moving sideways. It shows indecision in the market. But the bears will most likely prevail due to the present negative sentiment.

The Moving Average Convergence/Divergence (MACD) is on the same level as its signal line, showing negative values. Also, the MACD’s Histogram bars are fading from green and will likely turn bearish in the coming days.

BOND will likely drop to the $2.82 support and continue on its downtrend in the coming days till investors’ sentiment turns positive.

BarnBridge Alternative

BOND’s present price drop is a testament to the volatile nature of the crypto market. However, yPredict offers a solution to investors that could make trading more profitable.

yPredict – The AI Solution For Winning Traders

yPredict is an all-in-one AI-powered ecosystem built to assist traders, developers, and analysts to profit.

It is equipped with modern tools to ensure a trader’s success, such as real-time AI-powered trading signals from top predictive models created by world-class AI experts.

🚀📊 Empowering traders with comprehensive market analysis and AI-driven insights for informed crypto investment strategies. Trade smart with yPredict's predictive modeling and custom execution options. #YPRED #CryptoAI #SmartTrading https://t.co/xO9suqHbwF

— yPredict.ai (@yPredict_ai) August 7, 2023

Also, it has a live feed that provides users with real-time sentimental analysis on all the popular crypto coins. It gives its users an advantage in the highly competitive crypto market.

Facing difficulty with trading charts? yPredict recognizes over 25 promising chart patterns for short-listed coins.

Positive Reviews For Project

According to Chain Review, yPredict’s staking feature could spin a tornado in the market, and their survival kit for market turbulence seems too good to be true. Also, the AI-enhanced signals are a focal point for the project.

"Checkmate, traditional traders! 👑 yPredict's AI-enhanced crypto signals are here. Staking $YPRED could spin a 🌪️ in the market! Survival kit in the volatile crypto climate or too good to be true? Caution still key. 🧩 #CryptoChess #AIinMotion"https://t.co/WLEV70eUjh pic.twitter.com/Bep1CsE7DI

— Chain Review (@Chain_Review) August 3, 2023

YPRED Presales

YPRED is the utility token powering the platform’s AI revolution and is on presale. Its presale is at stage seven, with each token worth $0.1.

The Presales are above the $3.37 million mark from the target of $4.58 million. YPRED has its supply capped at just 100 Million, with approximately 6.5m as the target market cap when it lists on exchanges.

There are over 20,000 users on the wait list for the launch on exchanges proving that it is indeed a crypto gem attracting interest from investors worldwide. Also, the low price of the tokens at the presale offers investors the best opportunity to accumulate these tokens.

Fortunately, stage one investors will earn up to 11.11% paper gains in stage eight when the price increases to $0.11. Users can purchase these tokens with MATIC, BNB, USDT, ETH, or bank cards if they connect their crypto wallets. Meta Mask and Trust Wallet are reliable providers.