BNT (Bancor) Token Analysis 14/04/2021Fundamentals:
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.
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.
The protocol’s smart token allows traders to provide liquidity for the pools available on the network. Anyone can contribute liquidity to the pools.
When liquidity providers contribute liquidity to a pool, they are eligible to receive rewards for trades that pass through the pool. Liquidity providers will receive pool tokens that represent a percentage of their total stake.
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.
In January, Bancor made a move to provide more liquidity and awareness for its native token. Therefore, it distributed some ETH/BNT valued at $60,000 into various wallets that were holding a required minimum of BNT. In 2017, the protocol raised more than $144M during its initial coin offering.
The protocol allows other tokens to be liquidated as well. However, these tokens (also called reserve tokens) must comply with ERC-20 or EOS standards.
Bancor ecosystem supports a two-way token model: liquid tokens and relay tokens.
A liquid token is an automated token with a single reserve that mints and destroys itself. It does this either by sending the reserve token to its smart contract or removing it from the smart contract. In order to use Bancor Network, a liquid token must have its reserve token either in BNT or a derivative of BNT.
On the other hand, relay tokens are used in staking to provide liquidity. The token holders will get a percentage of the future earnings of Bancor. Relay tokens indicate the proportion of amount staked to the total value in the pool.
As at the time of this writing, Bancor has facilitated over $2 billion trades involving several tokens, as well as cross-chain tokens. The network has made millions through staking, which are distributed to BNT token stakers. Several exchanges that support BNT include Binance, Coinswitch and ZenGo
The live Bancor price today is $7.13 USD with a 24-hour trading volume of $132,660,982 USD. Bancor is up 2.30% in the last 24 hours. The current CoinMarketCap ranking is #83, with a live market cap of $1,272,103,055 USD. It has a circulating supply of 178,430,973 BNT coins and the max. supply is not available.
The top exchanges for trading in Bancor are currently Binance, Huobi Global, OKEx, CoinTiger, and FTX.
Technical Analysis:
The token has done its Initialization and accumulation phase followed by Some Move UP and Distribution.
Currently this token is at the consolidation and Reaccumulation phase and it has very high chances of Repumping and start of its new Impulsive cycle.
There are some chances that the price Falls to the Fibonacci Golden Level where it can Starts its New Rally from there.
There are total of 3 Targets Defined by Fibonacci Projection where as we get the 3 TP confirmation as soon as the Price triggers the 2 Target followed by some Price Correction and retracement in the Parallels Leg zone of the same fib projection.
Bancortoken
Bancor (BNT) token formed bullish Gartley for upto 44.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Bancor (BNT) token with US Dollar pair.
On a daily time frame, GLMR has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
BNTUSD Analysis / ThoughtsThe previous transition through Fibonacci levels shows bullish activity as it passes through
Price is currently at another transition point which may also produce bull activity if the trendline hodls, I am acknowledging both scenarios.
The major trendline merged with another line produces a rising wedge, which is a bearish pattern
Also the potential Head and Shoulders pattern that can be illustrated arises which supports the bear move
BNTUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
BANCOR Another move up ? BNTUSDBancor idea
Possible channel formation and getting ready for the third touch
Under the red line is not the best scenario
Neutral on this one
BANCOR Sketch with Fib LevelsFib extension levels
Within a rising broadening wedge
Will likely continue up above .618, currently sitting just below it
I expect it to smash this level
BANCOR! BNTBTCBancor has broken out from a larger falling wedge after a period of extremely low volatility.
A smaller wedge is forming within this structure.
A bullish spark is likely going to break this smaller wedge.
Reversal pattern still forming supports & resistances to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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BNB.USDT (Y20.P4.E2).Macro.Timing for entranceHi All,
Another crypto that is holding up strong with good macro form.
Based on the indicators, fib level, and structure so far, has a potential re-accumulation structure to go long.
Note:
> Moving averages on the daily, will act as resistance;
> 0.5 fib pullback ;
> MACD has not passed the zero level;
> Phoeix rsi's showing bullish formation on the daily, above 50%;
> Current resistance levels;
> Assumption of a bottom formation, even if BTC drops, the bottom trend line would likely be the next lower high;
> Potential inverse H&S;
Hence waiting to see what BTC does (refer to my previous post for my thesis), need to see it hold the critical level and pass the obvious resistance.
So far, its all planning at this stage, stalking.
Please give me a like or tick for this post.
Regards,
S.SAri
12 HRLY chart, note the EMA's, crossing over as well, potentially acting as support
Daily chart: William alligator indicator, another sign of a potential support level
Daily Bullish Signal $BNT #BNT #BNTBTC #BTC $BTC (12 April)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
Daily Bullish Signal $BNT #BNT #BNTBTC (26 March 2019)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Daily Bullish Signal $BNT #BNT (20 Jan)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Megalodon Pro Automated Trader - Bancor - Short Term BullMegalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
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Daily Bullish Signal $BNT #BNT BNT/BTC (2 Jan)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Daily Bullish Signal $BNT #BNT BNT/BTC (04 Dec)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Ideas on $BNT: The Chart is Ready for Growing Up.I ever heard that Bancor was one of the most hyped project on my timeline on twitter. Bancor is a decentralized liquidity network that provides users with a simple, low-cost way to convert tokens directly from their wallets. BNT has 78,045,724 total supply and ranked #85 at the moment.
I can see the chart is trying to make double bottom and most ultimately Bancor has good fundamental it have a good R:R at the moment. I draw the green box for second entry zone if lucky. This trade might gonna take couple of days but it's worth it.
My short term targets are on the white lines and mid term targets you can follow fibonacci level.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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