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BarnBridge price prediction: Strong gains for the yield token

By Raphael Sanis


Updated

The BarnBridge logo in front of a map
BarnBridge is tokenising market fluctuations through its various products – Photo: karnoff / Shutterstock.com

BarnBridge is tokenising volatility to give investors the chance to profit from market fluctuations. Investors are able to turn this into earning passive income through BarnBridge’s various yield products.

The BOND token plays an integral role in this ecosystem, though its utility has not always been reflected in its price action. 

Currently, BOND is correcting from a significant rally in late July and was down over 70% YTD, at the time of writing. But some forecasters, including AMB Crypto and TechNewsLeader, have suggested BarnBridge could harvest another breakout.

What is BarnBridge?

BarnBridge is a decentralised finance (DeFi) platform that was designed for investors to profit from risks and market fluctuations. It describes itself as “LEGO for tradeable tokens”, with investors able to choose various options when being exposed to volatility.

Its website says:

“BarnBridge is a cross-platform risk management protocol that aims to reduce the risks associated with DeFi. By letting users select a risk profile, BarnBridge can redistribute risk via tokenised, liquid tranches.”

These tranches are split between junior ERC-20 tokens and senior ERC-721 tokens. Senior token holders receive a fixed, guaranteed yield, while junior tranches profit from varying interest rates. 

The DeFi platform was co-founded by Tyler Ward and Troy Murray. Ward previously founded the Fintech marketing company Proof Systems, and also worked at various blockchain companies including ConsenSys. Murray founded the crypto-focused research and development firm RUDE_Labs before teaming up with Ward.

The BOND token

BOND is BarnBridge’s governance and staking token. Holders govern the network by participating in on-chain voting and making decisions over the protocol’s future. 

Its documents said: “The BarnBridge DAO co-ordinates the continued development of our suite of DeFi applications, as well as how fee revenues and treasury resources are allocated.”

Investors in BOND will also gain access to exclusive earning opportunities, including from staking, providing liquidity on Uniswap, and yield earning from CREAM Finance.

BOND’s past performance

CoinMarketCap listed BarnBridge on 26 October 2020 at $80.55, and the BOND token price rocketed to its all-time high of $185.93 the following day. This high proved difficult to sustain, however, and BOND came crashing down over the next week. 

BOND price chart

Source: CoinMarketCap

Despite launching a pool to encourage long-term BOND holders on 16 November 2020, the cryptocurrency had plummeted to $26.57 by the end of the month.

While BOND has been unable to surpass its launch price, its value did start picking up in February 2021. BarnBridge launched its decentralised autonomous organisation (DAO) and subsequent governance features early that month. The cryptocurrency passed $70 after this announcement.

It kept the momentum going throughout the next month. BarnBridge’s main product, the SMART Yield, went live on 15 March 2021. The same day, it climbed to a high of $88.21.

XRP/USD

0.60 Price
+3.150% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

ETH/USD

3,527.04 Price
+0.530% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

BTC/USD

67,440.65 Price
+0.500% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

DOGE/USD

0.14 Price
+7.970% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

BOND consolidated after this and has struggled to get back to this level. Even when BarnBridge launched a staking event with Coinbase (COIN) in late June 2021, it could only muster a peak of $52 that month.

The DeFi cryptocurrency climbed past $50 again on 10 November 2021, when the Altered State Machine treasury entered into a Senior position through BarnBridge’s SMART Alpha product.

However, BOND has seen a gradual decline during 2022’s bear market, which was exacerbated by the recent crypto crash. It fell to its all-time low of $2.19 on 18 June 2022. BarnBridge then saw a slight recovery from this low when it rallied in to a peak of $24.67 on 24 July.

BOND was trending in August after it partnered with Velodrome to improve its liquidity on the Optimism blockchain. A BarnBridge community vote to decide the specifics, including pool issuance, initial deposits and yield ended on 29 August.

But the token could only muster a high of $6.91. It then continued dropping and closed the month at $6.01.

Although BarnBridge launched the second version of its platform on the Ethereum mainnet in early September, BOND has been stuck in a bearish trend. 

At the time of writing on 2 November 2022, BOND was trading at $4.72. It was down 5% over the past seven days and 11% over the previous month. 

BarnBridge price prediction

The BOND token price prediction varies depending on who you ask, but most expect it to see a gradual rise.

At the time of writing, PricePrediction expected it to average $5.02 this year and climb past $30 again in 2027. Its barnbridge price prediction for 2030 suggested an average price of $93.23

The barnbridge coin price prediction from AMB Crypto was also ambitious with its long-term forecast. Its barnbridge price prediction for 2025 estimated the token to reach $15.05. It then expected the DeFi token to hit $60.30 in 2030.

DigitalCoinPrice’s barnbridge price prediction for 2022 expected an average value of $4.88. The site said it could take until 2029 for the token to pass $20. It was then expected to reach $26.17 in 2030, according to the site’s BOND coin price prediction.

Finally, TechNewsLeader’s BOND price prediction said it could hit a maximum price of $7.56 in a year and $23.64 in five years’ time. By the next decade, barnbridge was predicted to have eventually climbed above $100.

When considering a BarnBridge crypto price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns, and never trade with money that you cannot afford to lose.

FAQs

Is BarnBridge a good investment?

BarnBridge is splitting yield earnings between those who want a safe passive income and those looking to profit from market volatility. However, its BOND governance and staking token has recently corrected from a breakout and is down 11% over the past month. 

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the BarnBridge token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.

Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose

Will barnbridge go up or down?

There were some bullish BOND token price predictions from forecasters at the time of writing, such as that from TechNewsLeader, which suggested barnbridge could break the $100 barrier by 2030. DigitalCoinPrice, on the other hand, did not think it was capable of getting much past $25 by that year.

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether barnbridge is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.

Keep in mind that past performance is no guarantee of future returns, and never invest any money that you cannot afford to lose.

Should I invest in BarnBridge?

BOND is BarnBridge’s governance token, which is used by investors to vote on decisions that affect or amend the protocol. Yet it has not fared well in the recent bear market and has made significant losses this year.

Whether you should invest in BOND is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research. Never invest more money than you can afford to lose, because prices can go down as well as up

 

Markets in this article

COIN
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256.98 USD
21.13 +8.980%

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