The past few weeks have revealed a new player on the chain — BOND. As per data from Santiment, BarnBridge’s native token has revealed significant price action – both on the charts and on the chain. Additionally, since 15 July, the price of BOND token has grown by over 200%. Exchanging hands at $21.24 at […]
revealed significant price action – both on the charts and on the chain.15 July, the price of BOND token has grown by over 200%. Exchanging hands at $21.24 at the time of writing, how else has this token fared?Since 15 July, BOND has recorded a massive growth in its price. On 15 July, its price was pegged at $3.23. However, in the last 11 days, the price of the token has grown by 291%. At press time, the token exchanged hands at $20.98.
With the price boom in the period under review, trading activity for BOND also rose significantly. At press time, the trading volume was spotted at 155.15 million, registering over 80% growth in the last 11 days.On the daily chart, the token’s Relative Strength Index has been on an uptrend since 14 July. At press time, this key indicator was pegged at 79.68.
However, it is pertinent to point out that the RSI and MFI occupy severely overbought positions, and it is not uncommon for this to be followed by a sharp retracement in the price.Santiment revealed a growth in the token’s on-chain activity along with its price. The index for the unique addresses that transacted BOND in the period under review also grew by 51%.
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