BabylonDAOBBY
$34.5
Market/Exchange
BBY Price Prediction and Price Movement
BBY has been down 15.28 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that BBY's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if BBY is backed by a solid development team and whether BBY's technology has any potential to grow.
Please note that this analysis is purely base on BBY'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.
BabylonDAO Price Chart
About BabylonDAO
BabylonDAO is a decentralised autonomous organisation that aims to build the reserve currency on the Solana network. All $BBY is backed by a basket of assets (e.g. USDC) that produces an intrinsic value that it cannot fall below.
The treasury contains assets used to maintain the intrinsic value of $BBY. The assets in the treasury that aren't used to mint new $BBY are used not just only to farm the market, but to perform arbitrage on the trading pairs that will be on BabylonSwap.