Top cryptocurrency exchange Binance has recently announced the listing of two new tokens, namely Barnbridge (BOND) and Enzyme (MLN).
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According to an official announcement on its website, trading has opened for these tokens on July 5 at 6 AM (UTC). Meanwhile, withdrawal opened on July 6 at the same time slot.
Barnbridge is a derivatives protocol that offers stablecoin lending products. On the other hand, Enzyme is a rebrand from Melon Protocol, which is an on-chain asset management platform.
Barnbridge Price Prediction
Given the recent listing on Binance, how much will BOND be worth in 2021? Let’s do a quick check with the charts and make our Barnbridge price prediction 2021.
As seen on the chart above, BOND price has stabilized after its initial listing. This is expected of a new cryptocurrency that has recently been listed on any exchange. This is reflected by the narrowing upper and lower bands in the Bollinger Bands.
At the time of writing, BOND price is trading at $33.69, according to CoinGecko. This may rise however, as its all-time high (ATH) is $185.69, which was from October 27 last year. Given that the crypto market is in bear territory, BOND holders don’t really expect the price to surge too soon.
However, by the end of the year, BOND may reach as high as $70 if the crypto market recovers its glory days. Otherwise, BOND may decline to a more bearish $25.
Enzyme Price Prediction
Now that we have made our BOND price prediction, let us also do a technical analysis on MLN in this Enzyme price prediction 2021.
Similar to Barnbridge, Enzyme price also surged during its initial listing. It reached up to $166 before retracing to roughly $100. At the time of writing, MLN price is at $98.50, according to CoinGecko.
If all fares well for MLN, it might reach $200 by the end of this year. Otherwise, MLN price may remain stagnant at the $100 resistance level. Worse, it may even decline to $70.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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