Welcome to my article on Bondly crypto’s price prediction. In this piece, I will delve into the current state of Bondly’s cryptocurrency, analyze past performance and technical indicators, and provide my own insight on the short and long-term investment potential of this digital asset. As the crypto market continues to grow and evolve, Bondly is becoming an increasingly popular option for investors looking for a promising project with strong fundamentals. So, let’s explore the future price actions of Bondly and see whether it is a good investment choice for you.
Current Price of Bondly and Market Cap
As of March 2023, the current price of Forj (Bondly) is $0.00674. This is a slight increase from its price of $0.0064 US$ from the previous day. This is 5% growth from yesterday. Bondly’s market capitalization is around $5,796,014 which is very low compare to other crypto coins. Its circulating supply is around 788,287,426 BONDLY coins.
Bondly’s 24-hour trading volume is currently at $177,678, with an average trading price of $0.005210498. The lowest possible level of Bondly’s price in the last 24-hours was $0.005754, while the maximum level it reached was $0.005902. Bondly’s price volatility in the last 24 hours is at 4.7%, indicating that its price has fluctuated moderately during this period.
When it comes to Bondly’s historical price data, the lowest value it has ever reached was $0.005137, while its highest value was $0.75. Bondly’s current price is relatively low as it is close to its all time low but it has shown some bullish signals in the past, which makes it an interesting crypto project to watch out for.
Bondly Price history
Take a look at the graph above. The price of Bondly has been plummeting for most of its lifetime. While it quickly climbed to a maximum value of $0.80 after its launch, it has seen been tumbling down. It saw a local ATH (all time high) in NOvember 2022 at $0.20 but since then it’s had a bad run. Had you invested at 0.20 you would be essentially wiped out by now. Given it current price history the future does not look bright for this coin. However a coin’s historic price does not indicate its future. Let’s see where Bondly might be heading in the short term.
Bondly crypto short term price prediction
Bondly has been trading between a very narrow range between $0.0057 and $0.0069 over the past few months. Note the massive spike on the 23rd of Jan. This is a sign there the market is illiquid and can fluctuate wildly. Bondly has been flatlining like this for many months now. Where it stands now is very close to its minimum price value of $0.0053 What you need to do as a trader is pay attention to see if you see any signs of Bondly breaking out of this pattern. The current resistance is around $0.007. If Bondly breaks out beyond this price point then you may be able to make a good return. But you need to be careful and make sure the pattern is confirmed. Personally I am not convinced and consider the coin extremely risky. Let’s take a look what other are saying about the coin
Bondly Long term price prediction round-up
I have collected the review from the most popular sites that do price predictions. However please keep in mind that these estimates could be way off. All these websites claim to use an AI model but think of it. If anyone had a magic ball to predict to price of a crypto asset do you think they would spend their time writing articles about it hoping to appear somewhere on search results. No! Most likely they would be on a private island somewhere.
According to Coicodex’s Bondly (BONDLY) price prediction, the value of Bondly is predicted to drop by -0.15% and reach $0.006745 by March 23, 2023. The current sentiment is neutral, and the Fear & Greed Index shows 64 (Greed). Over the last 30 days, Bondly recorded 53% green days with 3.90% price volatility. It’s currently a good time to buy Bondly based on their forecast.
Bondly’s price could reach $0.285019 by 2026 if it follows Facebook’s growth, or $0.032696 if it follows Internet growth. As of March 18, 2023, Bondly’s technical analysis shows a neutral sentiment with 21 bullish and 9 bearish signals. The 200-day SMA indicates a sell signal since February 10, 2022, while the 50-day SMA has signaled sell for the last two days.
2. Amb crypto remains positive for the long term
According to ambcrypto.com, Forj’s Bondly (BONDLY) has a bullish long-term sentiment, with a potential to hit $0.31 by the end of the year, and $0.38 in 2024. However, in the most bearish scenario, BONDLY could be valued at $0.0054 in 2023. Forj’s previous all-time high occurred on February 20, 2021, with BONDLY priced at $0.87. Despite a slight bearish sentiment in the crypto market, the long-term outlook for BONDLY remains positive.
PricePrediction.Net claim to uses deep artificial intelligence-assisted technical analysis to predict future Bondly prices. However, take all of this with a pinch of salt. No one is able to predict the price of any asset. If they could they would not be dolling out predictions.
The website provides a series of price predictions for Bondly (BONDLY) in the upcoming years, suggesting a gradual increase in value. The predictions range from a minimum of $0.016 in 2023 to a maximum of $0.61 in 2032. The estimates are based on deep technical analysis and should be considered with caution, as market fluctuations and other factors could impact these projections.
Technical Analysis of Bondly Crypto
Currently, Bondly trades below both the 200-day and 50-day simple moving averages (SMAs). The 200-day SMA has signaled SELL for the past 400 days since February 10, 2022, while the 50-day SMA has been SELL for the last two days since March 15, 2023. The most recent Death Cross in the Bitcoin market occurred 394 days ago, on February 17, 2022, while a Golden Cross took place 481 days ago, on November 21, 2021. Technical indicators predict Bondly’s 200-day SMA will decline in the coming month, reaching $0.006818 by April 17, 2023, and the 50-day SMA is expected to reach $0.006367 by the same date.
The Relative Strength Index (RSI) is a widely-used momentum oscillator that determines whether a cryptocurrency is in oversold (below 30) or overbought (above 70) territory. Presently, Bondly’s RSI stands at 63.41, indicating a neutral market position.
The following oscillators present a mixed outlook for Bondly:
- RSI (14) at 63.41 and Commodity Channel Index (20) at 66.67 are neutral.
- Stoch RSI (14) at 100.00 and Stochastic Fast (14) at 99.12 signal a sell.
- Average Directional Index (14) at 11.12, Awesome Oscillator (5, 34) at 0.00, Momentum (10) at 0.00, and MACD (12, 26) at 0.00 are neutral. However, Awesome Oscillator (5, 34) also indicates a buy.
- Williams Percent Range (14) at -0.88 signals a sell, while Ultimate Oscillator (7, 14, 28) at 66.33 is neutral.
- VWMA (10) at 0.01 and Hull Moving Average (9) at 0.01 suggest a buy, with Ichimoku Cloud B/L (9, 26, 52, 26) at 0.01 remaining neutral.
Bondly Price Prediction per Year 2023-2033
|Months||Avg Price||Lowest Price||Highest Price|
Bondly price prediction per year
For the following analysis I ran the historic price data through a machine learning model. Here is the output of this model. It is similar to what other websites use to predict the price of coins. However, it’s just a projection and not a crystal ball.
Bondly Forecast for 2023
In 2023, the model predicts the average price of Bondly to be $0.28, with a possible low of $0.22 and a high of $0.33.
For 2024, the prediction system forecasts Bondly’s average price to reach $0.33, with a potential low of $0.27 and a high of $0.41.
In 2025, the model anticipates Bondly’s average price to be $0.41, with a possible low of $0.32 and a high of $0.49.
Bondly’s average price for 2026 is expected to reach $0.49, with a potential low of $0.40 and a high of $0.59.
Bondly Crypto Price Prediction 2027
In 2027, the average price of Bondly is predicted to be $0.60, with a possible low of $0.47 and a high of $0.72.
For 2028, the model thinks Bondly’s average price will reach $0.72, with a potential low of $0.58 and a high of $0.87.
In 2029, the model expects Bondly’s average price to be $0.87, with a possible low of $0.70 and a high of $1.04.
Bondly’s average price for 2030 is predicted to reach $1.05, with a potential low of $0.83 and a high of $1.26.
In 2031, the models show that the average price of Bondly will be $1.27, with a possible low of $1.01 and a high of $1.52.
For 2032, my model predicts Bondly’s average price to reach $1.53, with a potential low of $1.23 and a high of $1.84.
Bondly Crypto Price Prediction 2033
In 2033, Bondly’s average price is anticipated to be $1.85, with a possible low of $1.48 and a high of $2.21.
What is Bondly
Bondly Finance is a decentralized finance (DeFi) platform that is built on Polkadot (What is Polkadot). Bondly aims to provide secure and transparent financial products and services in the cryptocurrency market. It focuses on facilitating peer-to-peer transactions, enabling users to trade cryptocurrencies, and offering NFT (Non-Fungible Token) solutions. Bondly Finance offers various products, including BondSwap, BondDex, and Bondly Forj. Each of these caters to different aspects of the DeFi ecosystem, such as swapping tokens, decentralized exchange, and NFT creation and management. The platform utilizes its native token, BONDLY, for transactions and governance within the ecosystem.
Bondly Forj is one of the core products of Bondly Finance that focuses on the creation and management of NFTs. It enables artists, brands, and creators to easily mint, sell, and trade their unique digital items as NFTs on multiple blockchain networks. When it first launched Bondly became pretty famous because influencer Logan Paul decided to launch his NFT collection on it.
It also gained popularity because it would allow you to become your own marketplace so to speak. This means that you mint your own tokens, set a price, and post messages on social media platforms to your audience to buy.
The Bondly rug pull
In July 2021 Bondly experienced a rug pull. YouTuber Crypto News describes how someone minted approximately 300 million Bondly tokens and dumped them on the market. He mentions that a security firm’s audit discovered the address that dumped the tokens belonged to the project’s owner. Hence he suggests that it was an exit scam rather than a genuine hack. The presenter believes that the project’s team may have decided to execute a rug pull due to a bearish market trend that was negatively impacting their profits.
Investment advice and risk warning
Before deciding to invest in Bondly please consider the following
- Do your own research: Always conduct thorough research before making any investment decisions. Understand the project, its goals, and the technology behind it. In the case of Bondly, read up on its DeFi ecosystem, NFT capabilities, and partnerships.
- Invest responsibly: Only invest what you can afford to lose, especially when dealing with volatile assets like cryptocurrencies. The crypto market is known for its unpredictable price swings, which can lead to significant losses.
- Diversify your portfolio: It is always a good idea to diversify your investment portfolio to minimize risk. Consider allocating your funds across different types of assets, including stocks, bonds, real estate, and cryptocurrencies.
- Monitor your investment: Keep track of your investments and stay informed about any news related to Bondly. This will help you make better-informed decisions about when to buy, hold, or sell your assets.
- Risk warning: Investing in cryptocurrencies, including Bondly, carries inherent risks due to market volatility, regulatory uncertainty, and potential cybersecurity issues. Ensure that you fully understand and accept these risks before investing.
Remember, this section does not constitute financial advice, and any price predictions discussed are speculative in nature. Always make investment decisions based on your research, financial situation, and risk tolerance.
So Is Bondly Good Investment?
The platform holds some promise as it wanted to use smart contracts to promote an innovative idea. It was also one of the few DeFi protocol that decided to launch on Polkadot instead of the Ethereum blockchain. However the hack in the summer of 2021 seems to have made people lose faith in the project. At its current market cap Bondly could see a lot of upside if it goes all the way back up to where it has traded in the past. NFTs and digital collectibles are growing trends so any platform that focuses on this space could end up doing very well. Personally I have no idea what’s in store for Bondly’s future. I am keeping an eye on it but for the moment I am out of the market on this one.