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    Bancor Network

    BNT

    Rank #538

    $0.8765

    -1.52%
    24H Low$0.8530
    $0.904224H High
    24H Volume
    $695217
    All-Time High(ATH)
    $10.72
    All-Time Low(ATL)
    $0.1209
    Market Cap
    $115.03 M
    Fully Diluted Valuation
    $115.03 M
    Market Cap/FDV
    100%
    Circulating Supply
    131.21 M BNT
    Total Supply
    131.21 M BNT
    Max Supply
    131.21 M BNT
    Market Sentiment
    Positive
    * Data from 3rd parties

    Bancor Network (BNT) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.01000
    -0.72%
    24H
    $-0.01000
    -1.52%
    7D
    $+0.06000
    +6.7%
    30D
    $--
    +0.36%
    1Y
    $+0.3300
    +61.61%

    Live Bancor Network (BNT) Price Update

    Bancor Network price today is $0.8765 with a 24-hour trading volume of $695217, and as such Bancor Network has a market cap of $115.03 M, giving it a market dominance of 0.0040%. The Bancor Network price moved -1.52% in the last 24 hours.

    Bancor Network reached its highest price on 2018-01-09 when it was trading at its all-time high of $10.72, while its lowest price was recorded on 2020-03-13 when it was trading at its all-time low of $0.1209. The current lowest price since the last cycle high was $0.1209, and the highest price since the last cycle low was $10.72. The social sentiment of Bancor Network is currently Positive.

    The current circulating supply of Bancor Network is $131.21 M BNT. In terms of market cap, Bancor Network is currently ranked 538.

    About Bancor Network (BNT)

    Bancor is a system that provides liquidity for small market value tokens. It has one or more erc20 tokens that can be traded as reserves. New tokens are issued through smart contracts in exchange for reserve tokens. The price of new tokens is self pricing through smart contracts, so that they can be directly converted between tokens without exchanges, and there is no need for a second party to participate in transactions or a third party to make deals. The network effect of tokens created by Bancor protocol reduces the barriers to market entry for these new currencies and effectively solves the liquidity problem. The new currency is endorsed by Bancor, which is endorsed by eth, and Bancor's constant reserve ratio (CRR) is set and maintained at 20%. BNT is issued by sending eth to the smart contract in which Bancor holds reserves. These eth sent in the past become Bancor's endorsement. Under such a setting, the user can send 20eth to the smart contract to purchase 100bnt, and the 20eth will be forcibly collected into the reserve by the smart contract. In the same way, BNT can be redeemed back to eth. As long as users send it to Bancor's smart contract, they will get some eth. Bancor protocol allows users to generate or destroy BNT every time they deposit or withdraw reserve (ETH). If the price of eth rises (due to the development of Ethereum Ecology), the price of BNT will also rise (because BNT and its reserve token eth maintain a constant reserve ratio), and the rise of BNT price will also increase the price of new currency. The biggest innovation of Bancor protocol is that the value discovery of digital currency in traditional exchanges is based on the real-time synchronous matching of bid and ask. However, based on Bancor protocol, the price of digital currency depends on the balance of reserves and the circulation of tokens, and the process of value discovery is asynchronous.

    FAQs

    1. What determines the price movement of Bancor Network?

    There are two schools of thought in determining the price of Bancor Network.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Bancor Network, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Bancor Network from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Bancor Network on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Bancor Network as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Bancor Network and the cryptocurrency market as a whole.

    Bancor Network Tokenomics

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    Bancor Network Analysis

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