BasedBunny is one of the latest meme coins that has been introduced in the market. It is one of the most unique and interesting cryptocurrencies that currently operates in the Binance Smart Chain network.
In this article, we will look at all the relevant details regarding the coin including its use cases, current market standing, market predictions, and future investment prospects.
What is BasedBunny (BUNNY)
BaseBunny was launched in 2024 as a meme coin and operates on the Binance Smart Chain network.
The BasedBunny (BUNNY) token is designed to be a decentralized and community-oriented token with an aim to provide its investors with a secure and user-friendly platform in the crypto world.
The table given below gives an overview of the BasedBunny token and its current market standing.
| Name Of The Token | BasedBunny |
| Token Marker | BUNNY |
| Current Price | $0.0004848 |
| Price Change | +0.89% |
| Market Cap | $484,849 |
| Volume(24h) | $493 |
The current price of the token is up by 0.84%, which is in contrast to the bullish run that we have seen the coin put forward in the previous days.
The current increase gives something to hope for the continued rise in the value of the coin in the coming days.
Looking at the all-time high price for the BaseBunny token which was recorded on April 26, 2024, which happened to be $0.03705 the current price of the coin is 99.59% lower than the price at that time.
Similar to this, on June 29, 2024, the price of the BaseBunny token reached its all-time low of $0.0004394. The current price of the token is 1.05% higher than the all-time low price of the token.
Now, let us look at a few of the functionalities of the BasedBunny (BUNNY) token in the next section.
What are the functionalities of the BasedBunny (BUNNY) token?
The BasedBunny (BUNNY) token has a lot of functionalities within its ecosystem such as the following:
- Authority to vote on governance proposals.
- Participation in liquidity mining programs
- Rewards through staking of the coin.
Apart from these features the BasedBunny (BUNNY) token also has a burning mechanism that helps to control the oversaturation of the coin in the market by tactically burning off a portion of a transaction. This move will help to reduce the total supply of the token over time and avoid inflation in its prices.
The sustainability and community engagement orientation of the token is another unique feature of the BasedBunny (BUNNY) token.
The project focuses on maintaining transparency and empowering its users to create a more vibrant and inclusive community experience.
BasedBunny (BUNNY) Price Prediction 2024 – 2030
The market price prediction of BasedBunny (BUNNY) for the years 2024-2030 based on the data from popular analysts shows the following price chart.
| Year | Minimum Price | Maximum Price |
| 2024 | $ 0.000421 | $ 0.008379 |
| 2025 | $ 0.000489 | $ 0.002311 |
| 2026 | $ 0.000408 | $ 0.001298 |
| 2027 | $ 0.000447 | $ 0.000916 |
| 2028 | $ 0.00066 | $ 0.001558 |
| 2029 | $ 0.00125 | $ 0.003113 |
| 2030 | $ 0.001234 | $ 0.002001 |
From the data that we can gather from the price predictions of the coin over the years, we can clearly see that the coin has been predicted to undergo a series of gains and losses throughout the years.
The major rise and fall for the token price is predicted to happen anywhere near the years 2027 and 2029.
Investors are advised to keep this in mind when planning to invest in the coin throughout these years.
The market analysis of the current sentiments towards the coin shows a major shift in the coin toward the bearish sentiment with 75% of the market sentiment and 15 technical indicators to support the sentiment.
The Fear and Greed Index shows a number of 47 indicating neutral sentiments from the investors regarding the coin.
Looking at the run of the coin in the past 30 days we can see that the coin recorded 12 green days in the last 30 days and had a price volatility of 39.19% during that time.
In the next sections, we will look at all the options available to an investor if they want to buy the BasedBunny (BUNNY) token along with the exchanges that list the token and the step-by-step process to buy the token.
Where to buy BasedBunny (BUNNY)?
BasedBunny (BUNNY) tokens have been currently made available in only two decentralized exchanges they are:
- Uniswap-V2
- Uniswap-V3
As of now, the BaseBunny (BUNNY) token can only be bought by swapping or trading another coin pair.
The most active trading pair for BaseBunny (BUNNY) that exists as per current market transactions is BUNNY/WETH.
Now, let us look at some of the steps that one is expected to follow in order to buy the BaseBunny token.
How to buy the BasedBunny (BUNNY) token?
These are the steps that one must follow in order to buy the BaseBunny token.
1. Setting up a wallet
The first step in the process of buying the BaseBunny (BUNNY) token is to create an account in any of the trusted crypto wallet service providers.
2. Filling out the details and verification
The second step is to fill out all the necessary information required for the KYC verification along with the login credentials for your wallet.
3. Buying a stablecoin
As we have seen BaseBunny (BUNNY) can only be bought using the swapping/trading mechanism it is a requirement for the user to purchase a few coins that will be used for the trade.
The tokens for swapping can be bought either through the wallet service or through any of the exchanges that list the coin.
Since the most traded token pair for BaseBunny happened to be BUNNY/WETH. The investor is advised to therefore visit any of the exchanges offering the WETH tokens and purchase them for the wallet.
4. Carrying out the trade
The fourth step is to navigate to the BaseBunny(BUNNY) token and decide on the price, volume, and other trade details before selecting the WETH or any accepted token pairs to execute the Transaction
5. Execution and crediting
Once the trade has been carried out the user can check if their wallet has been credited with the BaseBunny (BUNNY) token.
The user can then decide on what to do with the coin including transferring it into another wallet or even placing it up for the staking mechanism as per the conditions given in order to earn a passive income as a reward.
Now that we have discussed all the things that have to do with the BaseBunny (BUNNY) token let us now look at what we can conclude from the data that we have gone through in the sections above.
Final Thoughts
With regard to the current market situation of the coin and its predicted future price almost all of the market indicators advise the investor to be cautious while dealing with the coin in the long term.
One of the few things that bring relief to the investors about the coin is that the further slide in the price of the coin will have to be by crossing the previous all-time low value of the coin, thus the occurrence of a catalyst with such potential seem to be far distant from taking place.
However, the initial point still stands when planning to invest in the token ie. maintenance of caution and having strong reasons to believe in the price rise of the coin should be the prerequisite for investment in the token.
