Bounce TokenAUCTION
$29.1
Market/Exchange
AUCTION Price Prediction and Price Movement
AUCTION has been up 421.51 percent over the past three months, together with its relatively large market capitalization, it is likely that AUCTION may continue its upward movement and we may see some decent growth out of it. However traders are still advised to do thorough research before putting money into this coin as fundamentals do serve a pretty big part in a coin's price actions in the long run.
Please note that this analysis is purely base on AUCTION's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Bounce Token Price Chart
About Bounce Token
Bounce is a decentralized auction platform, incorporating liquidity mining, decentralized governance and staking mechanisms. The first principle of Bounce is scarcity of resources, which creates a competitive swap environment.
The idea of “swap” originated from Uniswap, where infinite liquidity is provided for participants. While this is a great and concept, Bounce focusses on the opposite scenario instead.
Bounce provides a competitive environment, for a limited supply of tokens or other assets like NFT's. The assets can be auctioned off in various ways, such as:
Token sales Various types of auctions where a limited amount of tokens are auctioned off with different auction principles and time limits, such as fixed price (fixed swap auction), decreasing price (Dutch auction) or hidden price (sealed-bid auction) NFT auctions NFT's are auctioned off with similar auction principles as token sales. However, there is usually a lower number of NFT's (or only a unique piece) for sale.