The decentralized finance ecosystem has a lot of potential due to new and innovative solutions and platforms that are created daily. Again, many are hopeful that space will be widely accepted and even replace the centralized finance (CeFi) space.
We all know that the DeFi space hasn’t reached its peak yet because of hacks, scams, and interest rate variability. Due to these high risks, DeFi platforms haven’t been widely accepted.
With that in mind, some projects have emerged focused on addressing such challenges. One of these projects is BarnBridge, which aims to give investors some assurance through its novel tokenized risk protocol. Whether the crypto will hit $100 soon depends on many factors and we will narrow them down for you in this BarnBridge price prediction.
Today’s BarnBridge price is $9.07 USD with a 24-hour trading volume of $94,372,490. BarnBridge is down 14.36% in the last 24 hours. The current CoinMarketCap ranking is #339, with a live market cap of $64,703,711. It has a circulating supply of 7,132,630 BOND coins and a maximum supply of 10,000,000 BOND coins.
What Is BarnBridge (BOND)?
BarnBridge is a DeFi risk tokenizing protocol. The protocol aims at reducing risks associated with DeFi, such as inflation, market price, and cash-flow volatility risk. The platform was created in 2019 and was officially launched in September 2020. As of March 2021, the platform was still in an early launch.
It is essential to know that its token, BOND, is mainly deployed in the governance function within the BarnBridge DAO. It also grants users voting rights and staking within the BarnBridge ecosystem.
BarnBridge also allows users to hedge against the risks in the DeFi space. The platform has the pool-to-pool design that has to do with creating a junior-senior model for its various applications, making fixed income and protection from price volatility possible.
How BarnBridge Works
BarnBridge offers derivative products that help hedge against price fluctuations in the DeFi space. Again, these products are focused on token-based derivatives that track the yield sensitivity of DeFi protocols and the price of assets.
The way BarnBridge works is unique. In BarnBridge protocol, digital assets in its market pool are exchanged for different assets; then, these assets are used to supply different lending protocols, each with its respective yield. Each loan is then put together in a security similar to a Collateralized Loan Obligation (CLO). The security of these loans is divided into tranches, and each tranche has its own risk and yield. Furthermore, each tranche is tokenized and offered to original investors of the pool.
As many decentralized finance platforms offer various market-driven yields, BarnBridge helps users hedge against risks for these platforms. BarnBridge also offers four primary applications: SMART Yield, SMART Alpha, SMART Exposure, and SMART Secret. The acronym SMART stands for Structured Market Adjusted Risk Tranches.
SMART Yield was launched in March 2021. This application allows users fixed or leveraged variable yields on stablecoin deposits on lending markets such as AAVE, Compound Finance, and CREAM Finance.
SMART Alpha allows users to create leverage pools for any ERC-20 token.
SMART Exposure allows users to manage allocation to an underlying ERC-20 token pair passively. This application also provides an easy way to pursue risk-adjusted strategies.
SMART Secret was built in parallel to SMART Alpha.
Who are the Founders of BarnBridge?
Troy Murray and Tyler Ward co-founded BarnBridge. Murray founded a crypto R&D firm RUDE_Labs, before working on BarnBridge. He was also the director of Strategy at Beaker and a supervisor/technical architect at snglsDAO Foundation.
Before he went on to co-found BarnBridge, Ward founded a digital marketing company focused on the fintech industry, known as Proof Systems. Ward also worked with Consensys, Earn.com, FOAM, Dether, Grid +, Centrality, Sylo, NEAR Protocol, DARMA Capital, SingularDTV, and snglsDAO.
What makes BarnBridge Unique?
BarnBridge aims to take decentralized finance by storm. However, it launched a decentralized autonomous organization (DAO). There is no central body that controls the development of BarnBridge. Instead, the Ethereum-based DAO is the only way to make decisions in the BarnBridge treasury. In addition, the BOND governance token is the mechanism to make these decisions.
Popular DeFi platforms such as Compound and AAVE offer a 5% annual percentage yield on some cryptocurrencies. But the setback these platforms have is that they don’t offer fixed income. Again, adding cryptocurrencies to your portfolio means taking additional risks as cryptocurrencies are volatile.
With BarnBridge, you can aggregate yields with fixed income. This helps the entry into the crypto market easier and more personalized, opening it for broader acceptance. Users can also control how much volatility they are exposed to through tokenized risk products. BarnBridge can also be used to improve the effectiveness of trading stocks.
Where to Buy BarnBridge (BOND)?
How Is BarnBridge Protocol Secured?
BarnBridge BOND is based on the Ethereum ERC-20 network. However, the ERC-20 network is used for staking, governance, and incentives on the BarnBridge network. BOND tokens are stored in any wallet that supports the ETH network.
BarnBridge Price History
CoinMarketCap listed BarnBridge on Oct 26, 2020, at $80.55, and the BOND token price skyrocketed to its all-time high of $185.93 the following day. BOND couldn’t maintain the momentum, and the coin crashed over the next week.
Furthermore, BOND traded at around $24.54 by the beginning of 2021. On Mar 14, 2021, BOND surged a bit and reached a price tag of $88.16 but declined again in a few days and reached $16.91 by the end of 2021. BOND has drastically been affected by the bearish trend in 2022 and has continued to hover around $18 to $6. At the time of writing, BOND’s price is $9.07 USD.
New Developments In The BarnBridge Protocol
BarnBridge protocol also revealed that its DAO would move to OptimismPBC.
BarnBridge partnered with Optimism to launch SMART Alpha Pools for Synthetix and ChainLink.
BarnBridge Technical Analysis
BarnBridge is below its 50-day and 100-day Moving Average in its 1-day chart above. The current BOND sentiment is bearish. Based on technical indicators, BarnBridge’s 200-day SMA will rise next month and hit $ 9.24 by Aug 28, 2022. BarnBridge’s short-term 50-Day SMA is estimated to hit $ 18.64 by Aug 28, 2022. BOND’s RSI value is at 50.90, indicating that the BOND market is in a neutral position.
BarnBridge Price Prediction By Authority Sites
Wallet Investor predicts that BOND is a bad long-term investment. They expect the coin to be worth $1.812 in one year. Wallet Investor expects the coin to devalue by 87% by 2024. Again, the coin is expected to devalue by 68% by 2027.
Trading Beasts expects BarnBridge BOND to devalue by 4.72% by the end of the year 2022. They expect the coin to have a maximum price of $10.74 and a minimum price of $7.30 by then.
By 2023, Trading Beasts predicts that the coin will experience a slight increase of 11.60%. They predict that the coin will have a maximum price of $12.58, with a minimum price of $8.55.
Furthermore, Trading Beasts expects BOND to have a maximum price of $9.99 by 2024 — this means that the coin will experience a decrease of 11.40%. They expect the coin to have a minimum price of $6.79 with an average price of $7.99.
By 2025, Trading Beasts expects that BOND will have a maximum price of $17.35, with a minimum price of $11.79 and an average price of $13.87.
Digital Coin Price
Digital Coin Price predicts that BOND is a good investment. They expect the coin to have a maximum and minimum price of $12.48 and $10.94 by the end of 2022. By 2023, Digital Coin Price predicts that BOND will have a maximum and minimum price of $14.17 and $11.90.
Digital Coin Price expects BOND to have a maximum price of $24.41 and a minimum price of $17.20 by 2027. By 2030, BOND is expected to have a maximum price of $41.90 with a minimum price of $39.54. Furthermore, the maximum price of the coin by 2031 is predicted to be $49.77, while its minimum price would be $44.06.
BarnBridge Price Prediction 2022
In 2022, we predict that BarnBridge BOND will decline and reach $4.63 maximum. The minimum price for the coin is expected to be by the end of 2022 is $4.19. We don’t expect BOND to increase by the end of the year.
BarnBridge Price Prediction 2023
By 2023, we expect BOND to increase slightly from last year and reach a maximum price of $7.42. Its minimum and average prices are $6.05 and $6.25. Furthermore, we expect the crypto market to recover, positively affecting the cryptocurrencies. If this happens, we might see BOND recover and increase slightly.
BarnBridge Price Prediction 2024
We expect BarnBridge BOND to have a good ride by 2024, and the coin is expected to have a maximum price of $10.34. The coin’s minimum and the average price are predicted to be $8.94 and $9.19.
BarnBridge Price Prediction 2025
We predict that BOND will have a maximum price of $15.57, with an average price of $13.58. The coin’s lowest price by that time is expected to be $13.02. BOND might surpass our prediction if the BarnBridge ecosystem garners more partnerships and developments.
BarnBridge Price Prediction 2026
Moving forward to 2026, we expect BarnBridge BOND to be worth $22.69 maximum. This cryptocurrency is expected to have a minimum and average value of $19.05 and $19.59.
BarnBridge Price Prediction 2027
By 2027, we predict that BarnBridge will have a maximum value of $32.85, with an average price of $28.74. The lowest price the coin will be is $27.76. This will be possible if partnerships and developments from 2025 and 2026 begin to mature.
BarnBridge Price Prediction 2028
BarnBridge is expected to be worth a maximum price of $48.20 with an average price of $40.16. The lowest price the coin is expected to go to is $38.72. It is also essential to know that BarnBridge might surpass this prediction if the team behind this protocol continues to create outstanding projects for the crypto space.
BarnBridge Price Prediction 2029
If there is more crypto adoption in the market, we expect digital assets like BOND to increase in price and reach $68.31 maximum. The coin’s average trading price and minimum price value are expected to be $57.79 and $55.79.
BarnBridge Price Prediction 2030
We forecast that BarnBridge will have a maximum price level of $96.36 with an average price of $83.96. The lowest price the coin is expected to reach is $81.07. BarnBridge might reach new highs by 2030.
BarnBridge Price Prediction 2031
BarnBridge is expected to have a maximum price of $141.25 by 2031. Furthermore, the lowest price BarnBridge will have is $118.64, with an average forecast price of $122.00. We expect the coin to surpass its all-time high by 2031.
Barnbridge Price Predictions by Industry Influencers
James (aka Crypto with James)
James McMahon runs the “Crypto with James” Youtube channel – which has over 20,000 subscribers and 2 million views. As of June 2022, he has made 630 videos with the aim to help regular people retire early by knowing which coins to best profit from.
James is ‘famous’ for predicting Fantom FTM as “the best cryptocurrency of the year” in May 2020 when nobody was talking about it. On 24th Feb 2021, Fantom hit $0.84 – 168x higher than when James spoke about it. As a result, many loyal fans got rather rich in the process! In total, James has publicly recommended 26 coins on the channel – with a clear message to viewers to BUY. Coins he’s chosen are displayed at the start of every video – and include XRP, Theta, Enjin, Chainlink, Vechain,and Zilliqa. These are household coins now, but they weren’t when he first spoke about them!).
Here’s his take on BarnBridge:
He essentially says that locking 25% BarnBridge BOND is a pretty good strategy so the coin’s price gets higher in the long run. The BarnBridge crypto coin is currently priced around $10, but it’s got $100 potential. BarnBridge is a tokenized way to hedge against the risk in the market. It launched at $178 and is currently at $11. This simply says they overpriced it. But excluding that error, the coin has hit an ATH of $90.
What’s interesting about the BarnBridge crypto project is that of the 6m coins, 1.5m are locked into their farms and pools. 25% is a seriously good number and what it does is lower the supply of coins. Anyone who knows basic economics understands this always increases price in the long run.Crypto James
AltcoinDistrupt provided a long-term price prediction on their YouTube channel. He stated that BarnBridge has a solid project behind it which is why the coin will continue to rally and record success in the next bull run. He analyzed BOND’s price using technical and fundamental analysis.
BarnBridge is a pretty good investment. We might see it reach new heights with lots of new projects within its ecosystem, depending on how favorable the market is. Nonetheless, BOND’s price will continue to increase as more people become involved in the community. As crypto adoption increases, so will BOND.
We predict that BOND is an excellent long-term investment; investors are advised to HODL their positions. Again, buyers can accumulate at every dip. But this is not investment advice. You need to remember that cryptocurrencies are volatile; hence, we recommend you do your own research. Look for the latest trends, news, and fundamental analysis before making any financial decision. Never trade with money that you cannot afford to lose.