Both Cryptoglyn and Babila have made posts about the surge in the price of BBS tokens over the last few days. They have said that the surge may be due to the possibility that the deal with a new investor which has been mentioned by Eyal may have been agreed or is nearly there. Given the huge surge in terms of percentage increase, this may very well be true. The price of BTC has been rising for quite some time. The price of other cryptos have lagged behind BTC. This is normal as people are uncertain whether the resurgence of the crypto market will continue. So normally BTC being the biggest crypto that accounts for more than 50% of the whole crypto market will lead the way. When people become more confident. altcoins season will start and altcoins will catch up. ETH which is the 2nd biggest crypto tends to lead the altcoins season and then other altcoins join in. During altcoins season the rate of increase of ETH will exceed that of BTC and the rate of increase of many other altcoins will exceed that of ETH. Given the minute size of BBS and all the uncertainty surrounding it, we should expect BBS to be the laggard as the crypto market improve.

Towards the end of November, BTC has surged and last Friday exceeded $39, 000 for a while before pulling back below $38, 000. It now seems to continue its climb and is retesting 39K. If it can close this week above 39K, then it is possible that we may see 42K next week. 

If the above happens, we can be confident that the start of altcoins season is confirmed and the prices of altcoins start to fly. 

BBS token may lag for a while but it will benefit from altcoins season. 

ETH is doing well recently and the price of altcoins is a sea of green. Hopefully altcoins season is here and we will see BBS  above 3 cents in 2024.

What price to you think that BBS can reach by mid 2024 and end 2024?