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Bancor

Bancor (BNT) Trading Setup & MomentumWhat Is Bancor (BNT)? Bancor consists of a series of smart contracts that manage the on-chain conversion of tokens. The protocol makes it effortless and quick to convert tokens without having to go through an exchange. The protocol's smart contracts manage the liquidity pools that connect various tokens available in the network. The major token used on the network is the “Bancor Network Token,” BNT. Currently, Bancor and Uniswap are the frontrunners for this new DeFi trend. Who Are the Founders of Bancor? Bancor was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named "Bancor" to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency. Eyal Hertzog is the product architect of the protocol, BNT, and other products that utilize the network. He is a known voice in the crypto industry and has been a technology entrepreneur for over 20 years. He previously founded MetaCafe, a top video sharing site in Israel with over 50 million users. Guy Benartzi is the chief executive at Bancor. He also co-founded Mytopia in 2005, a company that develops cross-platform games for users on social networks. Galia Benartzi has been a technology entrepreneur for many years, and is a co-founder of the Bancor protocol. At Bancor, she is the business developer. She is also the CEO and founder of Particle Code. Yudi Levi is the CTO at Bancor. He has been a technology entrepreneur for over 20 years. He previously co-founded AppCoin, an app that allows communities to create their own currencies. What Makes Bancor Unique? Bancor enables the seamless conversion of tokens used in the network. This removes the need for an exchange or third-party platforms. The protocol also maintains several self-governing pools for tokens supported by the network. The uniqueness of Bancor is in their goal to create liquidity for altcoins and to remunerate liquidity providers. The protocol monotonously converts various crypto tokens into other tokens, including those running on other blockchains, without the interference of a third party. BNT, the protocol’s main token, is the default for all smart tokens created on the network. Bancor’s creation of smart tokens is the first of its kind to be built via blockchain technology. The protocol’s main objective for creating smart tokens is to provide a lasting solution to liquidity problems, hence making it different from other market makers. Why trade this? I consider Bancor a top project and there's nothing that can make me change my mind. You can have set up of : 1. Either wait for the breakout of R1 explained in the chart. 2. Trade in the channel and wait for the breakout to happen, and it will, at a point. Current closed trades (with success!): February-March: Chiliz Digibyte BAT SC #1 SC #2 SC|BTC March-April: StormX Perlin ETC DOGE April-May (Open Trades): OMG NANO BNT For details comment at any time! Don't forget to hit the like and follow button if you find this helpful! Chartomatic
Long
by Chartomatic
🆓Bancor/USDT Map (2/5) #BNT $BNTBNT is trying to conquer the 7$ zone and I think it can do it easily. After that BNT will keep moving up to 8.5$ and 10$ in this May. 📈BUY -Buy: 6.85-7.15$. SL B 📉SELL -Sell: 8.3-8.7$. SL A -Sell: 9.75-10.25$. SL A ♻️BACK-UP -Sell: 6.85-7.15$ if B. SL A -Buy: 5.85-6.15$. SL B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
Longing for Sats #7 - BNT/BTCBancor is my favorite defi play. I bought in 2 months ago (take my word for it?) because no one was really talking about it and it seemed undervalued. This project survived the most recent bear market and continues to innovate. It would be pretty bearish IMO if we closed below the nice support that we've built there, but the BTC pair can easily double from here. We just need this bullish trend to continue. Checkout Longing for Sats #5 to see what XLM did in a similar situation
BLong
by ju7urna
Bancor (BNT) Grows Together With Bitcoin... Next Target!We've reached a point where we are seeing Bitcoin grow at the same time the ALTSBTC pairs are also growing... This is the best! I just shared a chart for BNTBTC recently but here we go again... (Previous chart) The bullish wave for BNTBTC started mid-May and went on for 1173% (Over 1070% of growth) in 84 days. The bearish wave started in August after prices peaked and lasted 92 days. We now have a volume breakout (strong volume coming in), bullish divergence with the RSI and MACD, and prices moving above EMA21... Signaling that there is more to come. This new bullish wave can also last between 80-90 days... Maybe less, maybe more... Regardless of how long it takes, we are likely to hit a higher high compared to the August top... What this means is that BNTBTC has huge bullish potential in the coming weeks. I am already fully loaded while enjoying double profits with both BTC and BNT growing together with me 😊 Thanks a lot for reading. Thanks a lot for your support. Feel free to leave a message with your favorite altcoin pair... I will share the chart if it is looking bullish or the bulls are already in control. Namaste.
BLong
by AlanSantana
5
Bancor (BNT) | So Many Bullish Signals... Look Inside!We have so many bullish signals on the Bancor (BNTBTC) chart... Let's have a look at those. One of my original signals is the MA200 "magnet"... Prices tend to gravitate towards this line (black on the chart). As we see the MA200 line moving down, we see prices moving up. We have the classic 3 white soldiers pattern (three consecutive green candles each on closing higher than the previous one). We also have a volume breakout. A big "W" pattern. Prices trading above EMA10/21/50. Bullish MACD and RSI. We can expect additional growth. Support can be found strongly at EMA10 and EMA50. The next target is marked on the chart but can be mainly the EMA300 grey line at 0.00007426. Remember, you need a well-developed plan/strategy to trade... This is not financial advice. All the information shared here is your own learning and entertainment. Thanks a lot for your amazing and continued support. Namaste.
BLong
by AlanSantana
3
BNT due another breakout?Bancor Network (BNT) has been making 50% climbs during 2021. With the dip over the last week, it's held well compared to most others which have fallen well back in recent surges. Unlike most other cryptos listed on coinbase on the 4 hour, BNT is currently below the 20 on the Stochastic RSI indicator, and has been in consolidation and below the MACD for some time. A breakout above the Ichimoku could see it head towards £5-6. Most other coins are only half way down the Stochastic + RSI and just crossing the MACD, suggesting they have room to drop much lower. The other 2 coins showing similar signs to BNT are Nucypher & LTC.
BLong
by Joeyqt
BNT - Held Trend but will we see a H & S Pattern?Hello Traders, I see some opportunity in BNT right now as long as we can break this rising channel. Though I am cautious if we finish forming a head and shoulders pattern, which will most likely break the channel downwards. Curious what any of your opinions may be on this or if you are noticing the same thing? On the positive side, if we do see a break to the upside, my targets will be set for $11.3, and for the extreme take profit (which really isn't all that extreme IMO) $21+. Thanks & good luck!
COINBASE:BNTUSDLong
by MarkStPeter
12
beautiful, just beautifulIm not even going to draw any lines on this chart as it speaks for it self. BNT is one of the most under rated alt coins this cycle, I am up 750 percent in the past 2 months on my position in the LINK/BNT pool ... this is of course including the rewards paid out. Dont let this slip through the cracks for you ... do your own research, it has slowly been climbing up the ladder on defi pulse and is almost in the top 10. The price of UNI is currently over 20 dollars with a much much much larger market cap and half the features, one of the most important features that bancor DOES have being protection from impermanent loss, a big thing in the dex world. Get out their, do your own research, buy this thing before it moons.
COINBASE:BNTUSDLong
by loadedcoal