BIFI skyrocketed over 200% on Christmas Day, briefly hitting $400 before correcting to its current price of around $274.
Technicals: The surge was driven by a technical breakout from a long consolidation. The RSI was heavily overbought and has now cooled to a more neutral 48-53 range.
Key Driver: The primary catalyst is the token's extremely low supply of only 80,000 tokens, which creates high volatility and the potential for a supply shock.
Fundamental News: A new exchange listing on December 26th likely contributed significantly to the buying pressure.
Market Performance
BIFI trades around $274.3, down 14.68% in 24 hours from its recent high, but remains up over 168% for the week.
The 24-hour trading volume surged over 1300% to around $35 million, indicating massive speculative interest, though this has since subsided.
With a market cap of about $21.9 million, its entire supply of 80,000 tokens is in circulation.
