|Brief||Bancor is a decentralized liquidity network allowing every integrated token to be instantly converted for any other. The Bancor Network provides an on-chain, fully decentralized solution for conversions between tokens in the network.|
|Last updated:||Tuesday, November 19, 2019 5:00:02AM UTC|
|Current price, USD:||0.310|
|Current price, BTC:||0.0000376|
|Market capitalization, USD:||19 373 802|
|Available supply:||62 580 898 BNT|
|Volume 24 hours, USD:||8 324 150|
General BNT facts, technical details and general information about Bancor crypto currency
Bancor is a decentralized liquidity network allowing every integrated token to be instantly converted for any other. The Bancor Network provides an on-chain, fully decentralized solution for conversions between tokens in the network, through a low-cost, autonomous and adjustable liquidity mechanism.
BNT is the hub token that connects all tokens in the Bancor Network, allowing them to be easily convertible to each other thanks to their liquidity to BNT. BNT holds a connector balance in ETH, making all the network's tokens convertible to and from ETH, as well as any other token in the network.
The Bancor Protocol standardizes a new type of token that is natively liquid. These "Smart Tokens" are ERC20 compliant, and hold one or more connector token balances in their smart contracts. Smart Tokens can be bought and sold for any of their connector tokens, and can issue new units when purchased while destroying units that are sold. By holding a shared connector token balance in BNT, Smart Tokens in the Bancor Network are all purchasable and sellable for each other. These conversions happen directly through the Smart Token contracts, at continuously calculated rates, without needing to match buyers and sellers as in traditional or even decentralized exchanges.
We list daily Bancor historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 10||0.310||0.31||0.322||20 044 542|
|Nov 11||0.322||0.311||0.323||19 568 711|
|Nov 12||0.314||0.309||0.322||20 061 100|
|Nov 13||0.318||0.318||0.323||20 123 416|
|Nov 14||0.325||0.318||0.327||20 411 038|
|Nov 15||0.327||0.317||0.33||20 102 505|
|Nov 16||0.319||0.316||0.323||20 120 112|
|Nov 17||0.320||0.317||0.329||20 364 032|
|Nov 18||0.324||0.31||0.326||19 814 012|
|Nov 19||0.316||0.31||0.32||19 373 802|
|BNT price change 24 hours||-3.8871%|
|BNT price change 7 days||-0.74981%|
I never trade a cryptocurrency that has more than 51% of its volume concentrated on a single exchange. That is why I chose to stay away from BNT, even though it has some nice idea behind it, and the team is competent and determined. But more than 54% of all BNT trading volume occurs on the exchange called IDCM, an Australian cryptocurrency exchange that isn't particularly popular among European traders.
Bancor (BNT) has good fundamentals which are based around the marketplace that grants extra liquidity to various digital assets. Although Bancor's ROI hasn't been particularly impressive, in fact, it's -90,72% as of now, this coin has a lot of upside potential for a crypto that is on the wrong side of Top 100. I predict that it will increase in value by at least 15% by the end of the year, so I have allocated 5% of my trading portfolio for this coin.
If you look at the situation in the time interval, then the bancor tokens have a huge advantage over many others, when there will be a massive cleaning of under-projects with their tokens on the market, then the bancor will remain in place and will only strengthen its position as a working and developing project that will only give strength and value bnt.
We publish the most accurate Bancor Forecasts and News including crypto industry experts' opinion on a daily basis