Bounce Finance, a blockchain-based auction platform operates on the Ethereum network and its native token is known as AUCTION token. In addition, it functions as a utility token within the Bounce Finance crypto ecosystem. Platform governance and the operation of the decentralized auction protocol are dependent on it. AUCTION tokens represent one vote on governance proposals.
Bounce works through the channels of (1) Bounce Finance (2) The Fangible (NFT) (3) Freelancer DAO (4) Bounce DAO Toolbar.
The circulating supply of Bounce Finance (AUCTION) is 2,083,956 AUCTION with the maximum supply at 10,000,000 as per CoinMarketCap. AUCTION can be traded on top cryptocurrency exchanges including Binance, Coinbase, Huobi Global, Gate.io, Mexc.
Bounce Finance (AUCTION) Price Prediction 2022
Touching the support levels at $6.45 and $3.89, Bounce Finance (AUCTION) price swung from $12.75 resistance2 to $9.37 resistance1. AUCTION bounced back from support level of $6.45 and is presently sideways in the market and is expected to be bullish in the coming weeks.
The long-term price prediction for AUCTION in 2022 is bullish since it is unlikely to break the current support level anytime soon. We can expect AUCTION to reach above $40 in 2022.