Boba Network is a Ethereum Layer 2 Optimistic Rollup utilizing the OP stack and part of the Superchain Ecosystem. Its considered one of the original L2 rollups along with Arbitrum and Optimism. There are now efforts being made to upgrade to ZK utilizing Succinct.
Whats special is that Boba Network is powered by HybridCompute technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.
The token is trading on major exchanges like Coinbase, with potential listing on Binance. There are rumors about a partnership with Pi Network, along with TradFi and Web2 companies for Real-World Assets (RWA)
Its original funding was $45 million ($3 x 15 million BOBA) for a fully diluted value of $1.5 billion. It recently raised another $75 million for further development.
Tokens that were locked in the FTX bankruptcy proceedings have now been returned to the treasury. No one else has received tokens from FTX.
The token supply now is fully diluted, which is very rare for an L2 with VC funding.
The price currently sits at approx. $0.10 for a market cap of $50 million.
Last year, the price went from $0.10 to $1.30 within a matter of weeks.
The all-time high is $8 for a market cap of $4 billion.
Simple math says BOBA is a hidden gem and can easily make $3+ for 30x once the altcoin markets, especially ETH and L2s, explode.
Once it breaks out of the ascending triangle at this level, there is very weak resistance until $1 and $3 and $8.
Whats special is that Boba Network is powered by HybridCompute technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.
The token is trading on major exchanges like Coinbase, with potential listing on Binance. There are rumors about a partnership with Pi Network, along with TradFi and Web2 companies for Real-World Assets (RWA)
Its original funding was $45 million ($3 x 15 million BOBA) for a fully diluted value of $1.5 billion. It recently raised another $75 million for further development.
Tokens that were locked in the FTX bankruptcy proceedings have now been returned to the treasury. No one else has received tokens from FTX.
The token supply now is fully diluted, which is very rare for an L2 with VC funding.
The price currently sits at approx. $0.10 for a market cap of $50 million.
Last year, the price went from $0.10 to $1.30 within a matter of weeks.
The all-time high is $8 for a market cap of $4 billion.
Simple math says BOBA is a hidden gem and can easily make $3+ for 30x once the altcoin markets, especially ETH and L2s, explode.
Once it breaks out of the ascending triangle at this level, there is very weak resistance until $1 and $3 and $8.
Trade active
Just to add that the two catalysts for BOBA to pump are the Federal Reserve cutting interest rates which will be huge the alt market and the project reaching Stage 1 Rollup. Both of these events are likely to happen this quarter.Note
BOBA price looks to have broken out of the ascending triangle signaling and confirming a reversal with ETH finally pumping
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.