Basenji (BENJI) Price Prediction

Deep Dive

1. Institutional RWA Adoption (Bullish Impact)

Overview: Franklin Templeton’s BENJI token, representing shares in its $420M government money fund, gained institutional custody via Anchorage Digital on 4 August 2025. This enables secure trading and collateralization for institutions, with plans for secondary markets.
What this means: Regulated access could attract conservative capital seeking yield in volatile markets. BENJI’s 0.89% 24h dip (5 August) suggests muted retail response, but the $420M AUM anchor provides stability absent in typical memecoins.

2. Multi-Chain Liquidity Fragmentation (Mixed Impact)

Overview: BENJI operates on Ethereum and Stellar, with Aptos/Avalanche integrations under exploration. While broadening reach, this risks diluting trading volumes – its 24h turnover (0.34) already trails major RWAs like Ondo (1.2+).
What this means: Cross-chain growth might increase retail accessibility but could strain price cohesion. Ethereum’s $5.9M daily volume (5 August) dominates, suggesting new chains need adoption to avoid becoming ghost chains.

3. Technical Resistance & Sentiment (Bearish Near-Term)

Overview: BENJI trades below all key SMAs (7-day: $0.0126, 30-day: $0.015), with RSI 39.1 signaling weak momentum. Fibonacci retracement shows resistance at $0.0134 (23.6%) and $0.0152 (38.2%).
What this means: Until it reclaims $0.0134, sellers may dominate. However, oversold conditions could trigger short-term bounces if RWA narratives gain traction.

Conclusion

BENJI’s institutional ties offer a lifeline against meme-driven crashes, but technicals and fragmented liquidity cap upside. Can Franklin Templeton’s product-market fit offset the -39% 30d slump? Watch for volume spikes above $7M/day (vs. current $4.24M) as a sentiment shift signal.