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CryptoGlyn
Sep 23, 2023

Well, BBS token is really suffering at the moment with all 4 exchanges on CoinMarketCap showing less than 0.8 of a cent ! Even Bancor (Same owner as BBS) has seen heightened selling pressure today with a volume of $4100 (usually in the hundreds only) driving the price way down in the last few days.😲

Coinmarketcap Screenshot 07:30 UTC 23/9/23Coinmarketcap Screenshot 07:30 UTC 23/9/23

Bancor now the lowest out of the 4 shown at 0.7405 of a cent and the rest not much better.

MEXC BBS/USDT 4hr from 1st September open. Screenshot 07:35 UTC 23/9/23MEXC BBS/USDT 4hr from 1st September open. Screenshot 07:35 UTC 23/9/23

The whole of September on MEXC has been generally bearish except for some moves made by a block entry of staggered buying at $10K driving the price up to as high as 0.9448 of a cent but came to an end when a single sell order was executed on the 13th for the remaining $5K of block order ...since then the price has fallen off considerably. Of note too, in August two $10K blocks were also executed circa 1.07 and 0.95 of a cent and I'm thinking that all $30K is a single buyer🤔. However, even with this 'buyer' trying to push the price up it has failed and we see where we are now: Down in the doldrums even on MEXC at circa 0.78 of a cent for the last day or so...not pretty😥

Cause and effect of the Bancor price right now, as is the linked cash out value here on BBS. Market.😲

Screenshot UTC 07:40 23/9/23Screenshot UTC 07:40 23/9/23

135 to $1 !!! I have never seen it this high. One might say a good time to cash out, but then with all this bearish pressure this week and especially today, will we see half a cent? It's possible and TBH I'm not surprised that the price is diving right now ...BBS members down, numbers down, and still waiting on the hopeful news of the mysterious partnership as Eyal explained in a post a few days ago. Really simple: Confidence is lacking and thus hard to pick up investors right now ...gotta get moving on the news and further development ...sry "The team" but it's all too quiet here which you can see.🙄

All just a heads up for you hodlers and spinners of BBS ..DYOR and make your own decisions.😎

Cheers, CryptoGlyn🦆

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