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Bancor Network Token Price Prediction, Will BNT Price Hit $10 by 2021?

BNT or Bancor Network Token is the native coin of Bancor which is a decentralized financial network.BNT price predictions for 2021.

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BNT or Bancor Network Token is the native coin of Bancor which is a decentralized financial network. The blockchain protocol grants users to convert digital currency tokens instantly and directly instead of swapping them on exchange platforms. Bancor employs two token layers namely BNT and ETHBNT which simplifies its functionality and liquidity pools.

With the hazel free swapping mechanism, Bancor is also looked as a tough competitor to Uniswap platform. However, both Bancor and Uniswap are the present leaders in the world of Decentralized finance or DeFi and DEX.

In this article, let us find out the BNT price predictions for 2021 and beyond and you will have a clear perspective at the end whether the Bancor is a good investment.

Now, let us have some basic information on BNT.

Overview CryptocurrencyBancorTokenBNTMarket Capitalization$1,167,592,362Circulating Supply178,540,879 BNTAll Time High$10 (January 10, 2018)All Time Low$0.1174 (March 13, 2020) Fundamental Analysis of Bancor (BNT)

Bancor, founded by Eyal Hertzog, Yudi Levi, Galia and Guy Benartzi, is a software that aspires to enrich users to lock crypto assets in liquidity pools. It consists of a series of smart contracts that manage the on chain conversion of tokens.

The project aims to make smart tokens a legal currency by creating a standard network that connects all cryptocurrencies in a sovereign decentralized liquid network. The protocol makes the effortless and instant conversions without the intermediaries.

Bancor Network Token or BNT is the native token of the platform which serves as a reserve currency for all smart contracts. The other crypto coins are converted into BNT and hence the investors gain interest on the transaction fees.

Also Read: Uniswap Price Prediction- Will UNI Price Hit $100 in 2021?

BNT Price Prediction 2021

BNT commenced the year 2021 with a trading value of $1.29. Later the price incited an upward trajectory and the token hit $6.25. Further the Bancor might accumulate with certain integrations and partnerships. As the community aims to create liquidity for altcoins, it might attain more users and investors. By the end of 2021, BNT price is expected to trade in between $10 to $15.

BNT Price Prediction 2022

BNT might open the year 2022 with a cost of $12. Later, the price is anticipated to rise if the community aspires to offer seamless transparency and reliability to its users. By the end of 2022, the Bancor’s price is assumed to be traded at $20 or with an extreme bullish trend the price may also touch $25 also.

Price Prediction For Next 5 Years

In the next 5 years, BNT might be the competitor for many other altcoins and the exchanges as it has more advanced features than the other currencies. It might concentrate on certain developments and collaborations with other projects for the enhancement of the protocol as well as the platform. By the end of 5 years, Bancor’s price could hit as high as $60.

BNT Market Prediction WalletInvestor

According to WalletInvestor, ast the end of 2021, BNT’s price is expected to be $6.640 and $9.083 in the coming year and reach $21.403 by the end of 2026.

DigitalCoinPrice

According to DigitalCoinPrice, Bancor would trade at an average of $10.03 at the end of 2021 and anticipated to trade at $19.22 by the end of 5 years in 2025.

TradingBeasts

According to TradingBeasts, BNT could trade at a maximum price of $5.84720 at the end of 2021 and would hit $8.91441 by the end of 2024.

Gov.Capital

Gov.Capital predicts a pretty steady prediction as it does not see the price smashing $10 before the start of 2024. According to the platform, the price may reach close to $6 by the end of 2021 and trend with a narrow range throughout 2022. However, by the end of 2025, the price may hit levels close to $20.

Our BNT Price Prediction

BNT instigated the year 2021 with a trading value of 1.29 and the price continued to recover after. The token might hit a new high if it gets listed on many exchange platforms. As the BNT consists of a series of smart contracts that facilitate the instant conversion of tokens, it might acquire more investors and users. By the end of 2021, the highest BNT price is assumed to be $10 to $12.

Also Read: PundiX (NPXS) Price Prediction, How High Will The Price Go In 2021?

BNT Technical Analysis 2017

BNT entered the crypto sphere on 23 June 2017 with a trading value of $4.18 according to Coinmarketcap. The token dramatically declined to $1.70 within a several days of the trade and recovered further to $3.23 during early September. Later with certain variations, BNT effectively reached $5.00 at the end of December to close the year 2017.

2018

On a bullish note, BNT opened the year 2018 with a trading price of $5.37. Effectively, the currency escalated to $10.44 and hit an all time high on 10 January 2018 as it got listed on many of the exchange platforms and surprisingly reached a support level at $2.15 by early April. Further the Bancor spiked to $5.25 by May. As the bears appeared in the market, the currency consistently started to decline and arrived at $0.65 by December and ended the year 2018.

2019

On a bearish note, BNT started the year 2019 with an exchange value of $0.62. The currency did not perform well as it continued a downtrend because the bears succeeded in pulling the prices down. With certain price indifferences, Bancor declined to as low as $0.25 by December to conclude the year 2019.

2020

As the sellers established the control over buyers, Bancor started the year 2020 with a low cost of $0.24. Further, the token failed to accumulate and significantly continued to drop. Later the BNT arrived at $0.14 by mid March as the fall of many other altcoins due to the crypto market sank. Effectively, the token spiked to $2.42 by August and plunged to $0.53 by November. Later with certain price recoveries, BNT climbed to $1.30 by December close the year 2020.

Is it possible to mine Bancor?

No, Bancor cannot be mined.

Is Bancor a good investment?

Yes, Bancor is a good investment if you are looking to invest for a long term.

Why is Bancor the unique currency?

It is the unique currency because it creates liquidity for altcoins and remunerates liquidity providers.

Where the Bancor can be traded?

Bancor can be traded at the exchange platforms like Binance, Coinbase Pro, OKEx, Bancor Network and many more.

Now, let us have some basic information on BNT.

Source: https://coinpedia.org/price-prediction/bancor-bnt-price-prediction/

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Coinpedia

Solana Price in Discovery Mode, SOL Price to Hit $150 Soon!!

Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge

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Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge milestones in a short period of time and has developed tremendously.

SOL price has risen dramatically in the last seven days, reaching an all-time high of over $80 on August 18th. The total market capitalization is at around $21 billion.

SOL Price Analysis

The Solana coin is creating divergence with price movement and technical characteristics on the weekly chart. The coin is rising in value as it forms greater highs and lower lows patterns. The current Solana price prediction mood is bullish.

The coin’s price has been fluctuating between $68 and $75.90 on a daily basis. Meanwhile, the token remains barely over $71 as bulls aim for a return to $80.

The SOL bulls may be taking a break. A short-term slump does not always imply that the asset has reached its peak. This is why. To begin with, the general mood remained upbeat. Awesome Oscillators green final bars mimicked a similar phase.

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

$150 for Solana?

Smart Contracter, a well-known crypto trader, is forecasting fresh all-time highs for Ethereum competitor Solana.

A 130 percent gain for Solana from its current price of $65.15 isn’t outlandish, according to the crypto analyst. The Analyst estimates a $150 price tag for Solana after five waves, using Elliott Wave, which predicts price swings based on crowd psychology that tends to emerge in waves.

“This SOL ath [all-time high] breakout is looking like a monster wave three in the making. $150 is not unreasonable in my opinion.”

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

Source: https://coinpedia.org/price-analysis/solana-price-in-discovery-mode-sol-price-to-hit-150-soon/

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Coinpedia

Bitcoin Price Facing Vital Resistance As Golden Cross Expected On 13th August!

Bitcoin(BTC) price after rallying above $46500, it consolidation again around the strong support levels in order to head close to $50,000

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Bitcoin price rallied remarkably and successfully added yet another $2000 with a nearly 6.1% jump. Moreover, the price also achieved the important resistance levels around the 200-day MA at $44,864. The rally marked a bullish re-establishment but with the beginning of the fresh day trade, BTC price initiated with consolidation. Whereas most of the altcoins appear extremely bullish.

The past weekend turns out to be a pivotal period that dragged the crypto space out of the reach of the bears. BTC price currently is reattempting to surge above $46000, keeping the bullish momentum well in place. On the other hand, the ETH price comfortably resides above $3100 after the occurrence of the Golden Cross.

Also Read: Bitcoin Price Analysis: Is Short Term Correction Evident Before the Golden Cross? Popular Analyst Says YES!

However, the Golden Cross on Bitcoin is expected to occur in a coming couple of days on 13th August 2021 as predicted by analysts.

Currently, the exchange outflow ratio has fallen to the lowest point since June 2019. Therefore a sense of confidence among the holders is withnessed as large exchange sell-offs are less common when less supply is at risk on exchanges.

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Also Read: Ethereum Price Flips Before Hitting Crucial Support Zones, Bull Market Resumes!

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Source: https://coinpedia.org/bitcoin/bitcoin-price-facing-vital-resistance-as-golden-cross-expected-on-13-august/

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Coinpedia

Polygon (MATIC) Price Retraces Well, Is It A Dead Cat Bounce Or A Recovery?

The Polygon price struggling to sustain the uptrend, the possibility of a fake breakout haunts the Matic Price Rally

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Matic Netwrok gained immense popularity and recognition with the rebranding to Polygon, earlier this year. Additionally, the Matic price rally also gained mainstream attention and adoption of-let. However, surrounding the immense market uncertainty, Polygon price slumps to its lowest levels.

The price has tanked more than a couple of time in a months time. Therefore healing is much delayed than expected. No doubt the price initiated with recovery within a short time frame, yet the multiple plunges have impacted the momentum of the uptrend. And hence, the probability of forming higher highs has fallen down to lower highs.

matic deadcat

As mentioned in the chart, the MATIC price experiences an extreme squeeze as the resistance levels are lower after each slump. The recovery rate has also gone down which clearly indicates the loss of bullish momentum. With the price attempting to uplift again, it would be mandatory to raise a huge leg up. Else, if the price follows the previous pattern, the dead cat bounce may lead the price to revisit the levels below $1.

AlsoRead: MATIC Price Targets $2.40 Level! Polygon Flashes Buying Signals!

Is It Safe To Enter The Matic Price Trade?

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

However, the recent dip may have opened the doors to initiate a ‘buy’ trade. As the price is expected to jump high soon. As per the analyst, Altcoin Sherpa, there was a nice dip towards the demand zone. Moreover, the analyst believes the price may reach the weakly highs around $1.7.

$MATIC: Nice dip to the demand zone again w. a good reaction. Would like to see it flip this current level before buying. Decent buy volume from yesterday; we’ll see if this can test higher. #MATIC pic.twitter.com/LDCPEowSh8

— Altcoin Sherpa (@AltcoinSherpa) June 23, 2021

Interestingly, the analyst also predicts a dip after the price attains the upper resistance levels. And hence, the $2 target still remains still misty. As the bulls remain still calm and maybe waiting for the right time to uplift the Matic price.

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

Source: https://coinpedia.org/price-analysis/polygon-matic-price-recovers-well/

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