Forj (initially Bondly) has been one of the key innovators in the crypto payment industry. However, the brand has revamped over the years, adding new and better aspects of the metaverse to its operation. With its BONDLY token, the platform has been an immense success in the crypto industry.
Now, if you’re an avid investor, we understand how you might have this token on your watchlist. Besides, considering the type of industry and its performance for the past year, we understand your temptation to invest in this token. In case you do, this is the blog for you!
Continue reading as we explore the different aspects of price predictions for the BONDLY token in the following sections. Let’s get started.
Forj Token (BONDLY): At A Glance
|BONDLY Market Cap||$ 1,242,569.55|
|Circulating Supply||666,509,648 BONDLY|
|Current Price (As of July 1st week)||$0.01256|
|All-time High Rate||$0.75|
Forj Token (BONDLY): Overview
A subsidiary company from Animoca, Forj is one such company that is into delivering leading Web3 technologies and products, creating a unique fan experience for different creators. One of the top companies in the virtual space (initially Bondly), Forj is a premier end-to-end solution that is often considered the next big thing in fan engagement via metaverse protocols, Blockchain tech, and NFTs.
The platform bridges the gap between different brands, bringing fans closer to their favorite creator brands in Gaming, Music, Entertainment, and beyond. Over time, Forj has successfully collaborated and bagged significant partnerships with Grammy-nominated musician Lewis Capaldi, influencer Logan Paul, and leading creator platform Spring. If you look at it, the platform has had great success in the sector as it owns several metaverse brand infrastructure projects like Metaprints and the leading GameFi project – PolkaPets.
The BONDLY platform is a peer-to-peer decentralized payment solution built to simplify operations over the Forj platform. It leverages the Polkadot ecosystem, allowing cross-chain transactions between strangers, family, friends, and colleagues. In addition, the platform incorporates multiple protocols designed to be integrated with popular social media and messaging platforms.
In addition, users can tap into the different protocols to leverage digital marketplaces. They’re allowed to do all this while safely utilizing messaging apps to transfer digital assets and process payments between Blockchains. With its focus on NFT, Bondly also enables users to create, buy, and sell their own NFTs to support Binance Smart Chain BEP-721 NFT. Besides, users taking part in different events over the Bondly platform are given a chance to win exclusive and rare NFTs via staking.
Overall, there are several features and functionalities offered by Forj’s BONDLY token. But the question is: Does it has enough potential? We’ve often encountered projects with less potential but massive PR and marketing in the crypto industry. Unfortunately, while such projects take off with a bullish trend, it’s not long before they take off, simply due to incompetent performance.
That said, we believe that Forj’s BONDLY token has the proper fundamentals and backing to succeed! The platform is taking immense measures to expand its reach across different sectors of the metaverse. Additionally, with its numerous active collaborations, Forj has a very active social media, giving it a strong web presence.
BONDLY Token Fundamental Value
BONDLY is an ERC-20 standard token native to the Bondly Finance platform, pre-mined at 983,620,759 tokens. Launched in September 2020 on Polkadot (DOT), the token (along with the platform) has become an established ecosystem that offers a wide range of decentralized products, allowing anybody on the platform to execute digital payments between peers.
In addition, users investing in the token are also provided with the functionality of cross-chain atomic swapping, allowing them to perform cross-chain atomic swaps by leveraging the BOND intelligent contracts. These contracts play the role of an escrow, allowing transactions from one token standard to another. Besides, Bondly can also be used as a messaging service or a social media platform that enhances its usability and flexibility.
Interestingly, that’s not all! The BONDLY token has several other features and functionality to it. To give you a better idea, here are some core features of the token:
Reliable Escrow Platform
The escrow platform by BONDLY is preferably one of the core fundamentals that back its operation. The token functions on the basics of a reliable, interoperable, transparent swap protocol that simplifies the everyday buying and selling activities for different users. Besides, the platform is also open to creating its dApp to support different token-based escrow and cross-chain transactions.
The OTC function of the BONDLY token resembles a straightforward connection transaction between two parties involved in a transaction. However, with over $20 billion worth of daily transactions, the practice lacks standards and governance on how the trades are executed. In addition, the process comes at an excellent expense for centralized entities and is cumbersome for small investors as it involves a high degree of trust. This is where the OTC functionality acts as a streamlined approach to transactions.
The BONDSWAP is a function similar to Binance’s OTC Trading Portal but different in how the transactions are carried out. Here, users can transact on-chain as the messages can be sent via different chat applications over multiple Blockchains.
With BONDLY’s BSWAP, users can:
- Sell large low liquidity token orders with no slippage risks.
- Get an opportunity of becoming your own NFT marketplace by setting your price, minting individual tokens, and creating your online marketplace via social media.
- Purchase assets using Credit/Debit cards
It is another great core feature of the BONDLY token. Bond dex is a concept similar to the Mooniswap platform, but with a difference that includes rewards in the form of tokens. Transactions over the BONDLY platform are compared across all the major cross-chain swap options that help you examine the possibilities and decide the best one to use.
With the BOND DEX functionality, users can:
- Use Polkadot for trading native assets with USDC on Ethereum.
- Get multiple options and choose among the most affordable transaction path.
- Create your asset pairs.
Now that we have an idea of the core fundamentals of the BONDLY token and understand what makes the token unique let’s delve into its price history. Once we have an overview of the different trends it has followed since its inception, we’ll have a better chance of understanding the token’s presence and possibly its future movements.
BONDLY Token Price History & Overview
The BONDLY token started its journey with a listed price of $0.1468 at its launch in December 2020. The token didn’t share a normal run like most other coins that generally face an upward trend post-launch.
Instead, Bondly went down for the next couple of weeks, presenting a bearish pattern. However, even though the token went down, there wasn’t much price difference. As a result, the token remained in a rangebound motion for the next few weeks and hovered around the $0.14- 0.10 mark by the end of 2020, registering a price of $0.1110 on 31st December.
Enter 2021, and the token was the entire crypto industry was in a bullish phase. Interestingly, investors of the BONDLY coin also caught some wind of the bullish market as the token shot up in terms of its value on entry. While the token kicked off the new year at a $0.1236 mark, it soon went to its all-time high at $0.1922 on 4th January 2021. However, while this price revision was fast, it wasn’t stable as the token witnessed a downfall in its price over the next few days, recording a new low below the $0.010 price level in just a week on 11th January.
However, BONDLY seemed to have corrected its price over the next few days, revising its price and racing the $0.10 mark in a matter of days. By the end of the month, it registered a price of $0.1572, indicating a bullish pattern for the following months.
Enter February, and the BONDLY coin was all set to witness its greatest boom, thanks to the latest news around the legalization of crypto tokens by president Joe Biden. The news worked positively over the crypto industry, leaving the BONDLY token with great perks. It registered for its new all-time high at $0.439 on 5th February 2022.
Over the next few days, the token could reach better heights, almost doubling itself as it registered for a recorded price of $0.7368 on 17th February, shortly before touching its all-time high at $0.7499. However, this would be the end of a great pump for the BONDLY token as it would follow a downtrend for the remainder of the month and get down to $0.5198 by the end of February 2022.
The next few months were crucial for the BONDLY token as, during this tenure, it announced its name changed to Forj and its active collaborations with famous entities like Logan Paul and Kendrick Lamar. All this news was received greatly by the investors as there was an increase in its daily volume, resulting in an increased price, going all the way up to the $0.6862 mark on 15th March, before falling to $0.4814 by the end of the month.
April also marked a very significant month in the history of the BONDLY token as it was the last time the coin was revolving above the $0.1 mark. For the following few days, the token followed a simple price movement before going to $0.638 as its month’s highest on 9th April, before registering a huge dump in its price, going all the way down to $0.4393 by 30th April 2021.
The following two months registered an official bullish run for the BONDLY token as its price was falling continuously. However, while May and June were bearish, the token was still in a rangebound motion. But the token fell to its lowest by the end of June, falling below the $0.10 mark for the first time since its launch.
This price correction was a serious blow to the investors as the token continued to take a free fall over the next few weeks. During this time, the token also recorded its all-time at the $0.002 mark on 24th August 2021.
Following this, the BONDLY token had a slight price revision, but there was no significant movement from the token for the remainder of the month. It continued with a similar course of movement until November, when the positive news of its entry into the Metaverse helped in a pump up, finally bringing the token back to the $0.1 mark at $0.1429 on 7th November 2021. Following this, the coin went up to $0.2088 on 25th November, until finally closing the month at $0.1857.
December had been no good for the BONDLY coin as it once again slipped below the $0.1 mark, marking a bearish run for the month until it finally subsided at $0.09745 on 31st December. While BONDLY had a bearish run for the latter half of 2021, it was a reliable investment until the first half of the year, giving out significant returns to early investors of the token.
BONDLY Token Price Forecast
Considering the different aspects of Forj, it’s evident that the platform is unique and preferably the first to venture full-scale into the metaverse. Besides, with its latest collaborations and introduction of new protocols and models, it’s performing well for a token registered in 2020. In addition, its price movement has also been strong as the company is busy navigating through new changes and leveraging new opportunities for its users.
Therefore, to provide a fair insight into the project and its possible future, we’ve tried to divide its core functioning into two different factors, primarily the Fundamental and Technical aspects. Let’s check it out:
Based on its early performance in 2021 and the overall market movement for 2022, it’s evident that the BONDLY token is a strong contender in crypto. Besides, it won’t be wrong to say that it has made significant price movements since its launch, giving over 75% returns to its early investors.
Now, comparing the crypto industry’s current market condition and the price movement as per TradingView’s chart, we expect strong market movements. However, since the price revolves around the $0.10 mark, now would be a good entry point for long-term investors.
As an investor, you must be sure of every aspect of a token before investing in it. Similarly, you can’t take investment measures based on only technical analysis. After all, technical and fundamental analysis helps you properly determine a token’s future prices.
Besides, considering the features and functionality that BONDLY’s parent platform has, it won’t be wrong to say that it’s a reliable investment with increased support from investors and better updates over the platform. In addition, the recent rebranding as Forj has also opened new avenues for the token’s platform to delve into different aspects of the crypto industry, making it a substantial investment.
Note: The above fundamentals result from current market price and industry movement research. No technical or fundamental analysis that we do for any token can be 100% accurate. Besides, no analysis can indicate the future. They’re only decrypted to give you a better idea of whether or not to invest in this token. Remember, before investing, you must be sure of your calls.
Now that we have a brief idea of the type of run the token had and the fundamentals backing it let’s get an idea of some future predictions for the BONDLY token.
BONDLY Token Price Prediction
Bondly Price Prediction 2022 | Potential ROI: 15%
2021 had been a successful year for the Bondly token as it was able to pump to its current all-time highest for that year. However, things seemed to take a negative turn over the next few months as the token registered for $0.1013 for January 2022. While the token entered the month at a $0.10 mark, it couldn’t keep up with it and eventually depreciated in its value throughout the month, marking $0.06169 by the end of January.
Following this, the next few months also hadn’t been fair to the BONDLY token as it continued with its bearish pattern, closing at the $0.04447 mark by the end of February and $0.04245 for March, respectively, indicating a range-bound motion for these two months.
But after April, the token started to rally down in price in a suspected bearish market. The token continued to fall in price, going down to the $0.01 mark by June.
July further depreciated for the token as it settled below an average of $0.001 for the remainder of the year. Today, the Forj (Bondly) token stands at $0.011942, with $63,219.50 worth of 24-hour trading volume.
Looking forward to its price for the remainder of 2022, we might notice Forj (BONDLY’s parent company) fostering new partnerships and more adoption across other major Blockchain networks. As a result, we are optimistic about the token’s price and expect it to rally by the end of the year with an average of $0.016, going up to $0.017 as its maximum for 2022.
Bondly Price Prediction 2023 | Potential ROI: 32%
2023 is expected to significantly change Bondly’s current market range, primarily for the new investors interested in the token’s potential. Not to forget, we also expect the Forj platform to advance its operations in the crypto space and come up with new and innovative meta solutions.
Considering all the above factors, we expect the token to rally in 2023, reaching a price tag of $0.026 via substantial cooperation from different financial institutions. However, even if things don’t go as planned, we expect the token to correct itself but still be a profitable investment at $0.022 by the end of 2023.
Bondly Price Prediction 2024 | Potential ROI: 120%
Given its active collaboration over the crypto space and among the NFT investors, BONDLY is expected to draw massive attention from new investors. Besides, with new updates hovering around the platform, we expect the token to continue its bullish run, giving out reliable results for the year.
By 2024, the BONDLY token is expected to reach a maximum value of $0.036 a yearly average. However, considering the market’s recuperation, we expect the token to revise its average price to $0.032 in 2024.
Bondly Price Prediction 2025 | Potential ROI: 357%
The year 2025 is expected to change the crypto industry; many suspect this is the year we enter a new digital era. Besides, from BONDLY’s point of view, we expect the token to be found across many websites and forums, ultimately influencing its price positively for that year.
Therefore, by 2025, the BONDLY token might continue its bearish run, settling at $0.055. However, if the market volatility shows up, we expect the token to perform at the range bound and round up at the $0.047 markup.
Bondly Price Prediction 2030 | Potential ROI: 1209%
By 2030, experts suggest that the BONDLY token would’ve reached a level similar to its previous all-time high. By the end of this decade, following ten successful years of the BONDLY token’s launch, we expect it to be a major player in the crypto ecosystem.
We can expect the token to reach levels averaging at a $0.33 mark. However, if the market conditions align with our prediction, investors might witness the token average of around $0.39. Interestingly, there are equal chances of a dump after the long bull run (a common scene in the crypto market).
Now, to give you an insight into the different price movements, we’ve curated a table to follow the different buying signals for the token. Let’s have a look:
|Type Of Run||Bearish||Bearish||Bullish||Bullish||Bullish|
Looking at the price chart, it’s evident that there’s no specific approach to the price movements for BONDLY tokens. In addition, the movements of these tokens depend on the market conditions and investors’ approach toward them. Therefore, the best way to invest in them is to get into the core concept and understand the token’s performance.
Is Forj Token The Best Crypto to Buy Now?
Have you been looking forward to investing in the BONDLY token? If yes, then we understand your legit confusion around the entry point. Besides, it’s evident! Considering the token’s solid fundamentals and the projected market movements for this year and early 2023, you might be tempted to start with your investments immediately. However, this is where you should try holding back.
Currently, the market is not in favor of the BONDLY tokens, and the prices are expected to face further fall. Therefore, a smarter investment strategy here would be to wait for the ideal entry point. First, however, ensure that the point is pretty much before the breakthrough.
But no matter the type of token you’d be tempted to invest in, we suggest you get a complete idea before investing in such tokens.
With this, we conclude our blog around the BONDLY token’s comprehensive run for 2022 and beyond. Looking at the different aspects that the token has provided over time, it’s evident that the project has the potential to make it big in the future.
That said, we’ve all had an experience of how volatile the crypto industry can be. Therefore, no matter the current market trend of a token, always ensure that you’ve done proper research before investing in a crypto token. All the best!
Is BONDLY a smart investment for 2022?
Looking at the range-bound movement that the token has been sharing for the better part of the year, now would be a safe entry for long-term investors. However, day traders would want to stay out of such a situation.
Will the BONDLY token ever cross the $1 mark?
It’s not possible to make any accurate statement for the time being. However, given its price trend and market movement, there might be a year where the token would hit the $1 mark.
Is the BONDLY token legit?
Yes, it is! The company Forj backing the token has an active social media account and has some notable collaborations with famous entities. Judging from these aspects, the project seems safe and with potential.