The price fluctuations of bonfida (fida) have been influenced by several factors, including market sentiment, the performance of the solana blockchain, and broader economic conditions.
the recent rise in fida's price can be attributed to greater interest in altcoins as a result of bitcoin's volatility. investors often look for higher returns elsewhere when bitcoin experiences rapid changes.

however, there has also been some cooling off effect following this surge which might deter new investors from entering at what could now be considered high valuations considering its previous peak prices.