Top cryptocurrency exchange Binance has recently announced the listing of two new tokens, namely Barnbridge (BOND) and Enzyme (MLN).
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.
Related News
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.