BOUNCEBIT price jumps 16% after major partnership

BounceBit, the native Bitcoin replenishment blockchain, is one of the cryptocurrency projects enjoying a bumper Santa rally as its token jumps more than 16%.

On December 24, the price of BounceBit (BB) rose above $0.43, following the token’s decline last week, which saw bears push it below $0.32.

Like Bitcoin (BTC) price returned above $97,000 amid another holiday-led rebound, BB hit a new seven-day high.

These gains came a day after the BTC refresh platform announcement a major partnership agreement with cloud computing giant Google Cloud.

In their announcement, BounceBit and cloud computing provider Google said they were partnering to revolutionize the real assets market.

Specifically, the collaboration targets RWA digitalization in Southeast Asia. Binance Labs and Blockchain Capital-backed BounceBit will leverage Google Cloud architecture to boost its traction in the CeDeFi ecosystem.

Key to this success will be Google Cloud’s Vertex AI technology, which will improve the performance and security of the restaurant platform.

In a comment, BounceBit co-founder Jack Lu said:

“Verification of transactions on our platform is very important and incidents must be resolved immediately. With Compute Engine, we saw a 50% response time improvement, not only for our chain, but also for the CeDeFi infrastructure. »

The price of the BB token has increased by 33% over the past month. However, it remains more than 50% away from its all-time high above $0.86, reached in June 2024.