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Highlights
- The BarnBridge (BOND) token was up more than 26% on Dec 28.
- It gave a return of over 38% in the last seven days.
- It reached its all-time high in October 2020.
The BarnBridge Crypto is catching attention in recent days due to its consecutive rallies.
What is BarnBridge (BOND)?
BarnBridge is a protocol to tokenize risks. It is a decentralized finance (DeFi) lego used to create tradeable tokens for consumers to assess market volatility. BarnBridge was launched in September 2020, but as of March this year, the platform was still in an early stage.
BarnBridge can also be classified as a project to expand the features of decentralized finance (DeFi) to make it more flexible and effective. By tokenizing the market fluctuations and risks, it can decrease volatility for conservative investors but increase the volatility for intraday traders.
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BarnBridge applies traditional risk management tools and fixed income instruments to the DeFi market. Its focus is to split the risks of cryptocurrencies into tranches so that traders can invest in divergent products and assets based on their risk profile.
BarnBridge was co-founded in 2019 by Troy Murray and Tyler Ward. Those interested can buy the BarnBridge (BOND) tokens from exchanges such as Uniswap, MXC.com, and Hotbit.
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Source: *Data provided by CoinMarketCap.com
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Pricing and other details of BarnBridge (BOND) token:
The BOND token was priced at US$21.83 at 10:30 am ET on Dec 28, up 26.19%. It has a market cap of US$110.05 million, and its fully diluted market cap is US$208.79 million. The BOND tokens’ trading volume for the last 24 hours was US$64.16 million.
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The token saw the highest price of US$89.51 and the lowest price of US$14.58 in the last 52 weeks. It had touched an all-time high of US$185.93 on Oct 27, 2020.
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Bottomline
The BOND token gave a 38.52% return over the last seven days. However, investors should closely evaluate cryptocurrencies and the broader market before investing in digital assets.