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. 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.
Table of contents
|All 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.
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
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.
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.
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 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.
BNT Technical Analysis
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.
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.
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.
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.
No, Bancor cannot be mined.
Yes, Bancor is a good investment if you are looking to invest for a long term.
It is the unique currency because it creates liquidity for altcoins and remunerates liquidity providers.
Bancor can be traded at the exchange platforms like Binance, Coinbase Pro, OKEx, Bancor Network and many more.