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Bancor (BNT) - Opportunity (400%+ Earnings Potential)Bancor (BNT) has hit bottom, a very solid bottom for what it looks to be a very strong coin and has started a new uptrend. Trade instructions: Buy-in: 0.00027 - 0.00036 Stop-loss: 0.00022799 BNT Targets: (1) 0.00041 (2) 0.00049 (3) 0.00056 (4) 0.00063 (5) 0.00072 (6) 0.00085 (7) 0.00012 (8) 0.00017 (9) 0.00023 Indicators: - Bancor hit bottom and started a very strong uptrend. - Only ~550 BTC volume, which allows for plenty of room for growth. - Breakout and new Uptrend already confirmed. - MACD, RSI & STOCH all looking really good on the daily chart. - TD Sequential also shows huge potential on the Daily chart. - The weekly chart looks really promising. It started today (Monday). Note: - Allow this coin time to develop. This is a LONG trade. - ATH 0.00143199 - #94 in the top 100 cryptocurrencies by market cap; at the time of this posting. - Allow short term decline. Message: Today is a new day, for all of us. Today is a new day, to trade, for more. Today I want to thank you, for coming here to trade. Today you have have the advantage, of getting this info first. I just want to say thank you, again. Namaste.
Long
by AlanSantana
248
What is this Crypto with a minimum 100% upside? This is a perfect breakout on the daily. It's a buy now. I think the breakout of this coin is either a positive for Ethereum, or Ethereum's recent run is a positive for Bancor. The current market cap is $150 million. In my opinion, Bancor could be trading at ~$20 per coin in the future. Why? Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter-party, at an automatically calculated price, using a web wallet.
BLong
by Lanmar
3
Banking on Bancor: The Trend ReversalAdmittedly, when I previously published a Bancor chart on Sept 1, I got a little ahead of things. I have since been watching it since and it appears the previous capitulation spikes to 50,000 sats may have found the bottom. It has yet to break and appears the downtrend it has been in for the last couple months may have just broken. I am going to go out on a limb here and say we will probably ride out sideways for a bit in the 65,000 to 55,000 range before retesting 75,000 and hopefully push much higher. It is important to keep in mind the amount of money that was invested into this ICO project ($153M). The smart money has held onto their tokens and it wouldnt be surprising if they have been buying the whole way down with the intentions of pumping at the first sign of positive news. Let me know what you think in the comments below. Obv. not investment advice but it will be interesting to see how this plays out. Cheers and good luck trading!
Long
by Brodie_MT
Banking on BancorSince the $153M ICO in June, Bancor has been in a more or less free fall; down from around 0.00144000 to as low as 0.00050000. It appears to be leveling out with a few large capitulation spikes, meaning initial investors are starting to give up after holding forever (3 months lol). The lower triangle seems to be building up towards the 71000 - 72000 level and once this level is solidly broken I would expect the uptrend to begin. Based on the amount of previous interest, this will easily garner new buyers with any sort of news or speculation. I would see the key resistance levels to be about 81000 and 100000. If these levels are broken, this coin could skyrocket. Let me know what you think if you agree or let me know if you disagree. Do your own research and good luck trading!
Long
by Brodie_MT
Bancor | Sleeping Giant | Solid Team and FundamentalsIchimoku 4 hr has went bullish Bottomed out Good buy / investment here What is Bancor? Answer: Bancor a smart programmable token protocol with a built in automated market maker. Summary abstract from Bancor whitepaper. The Bancor protocol enables built-in price discovery and a liquidity mechanism for tokens on smart contract blockchains. These “smart tokens” hold one or more other tokens in reserve, and enable any party to instantly purchase or liquidate the smart token in exchange for one of its reserve tokens, directly through the smart token’s contract, at a continuously calculated price, according to a formula which balances buy and sell volumes.” In simple terms: the Bancor protocol is a smart-contract-based token conversion protocol, providing instant liquidity & price discovery, with no counterparty risk. To better understand the details behind the Bancor idea from world economist John Maynard Keynes here is a synopsis from Economist and author Ann Pettifor, “The idea behind Bancor, is a global central bank that would offer countries a form of overdraft and enable countries to overcome a shortfall in income to pay off their debts on imports but what Keynes also hoped to do through this international clearing union, was to balance accounts in surplus and deficits, and Keynes was concerned that that balance should be maintained. There should not be vast imbalances in global markets because it could very threatening and destabilizing to financial, political and social stability.” One thing worth noting is the definition of a “smart token” based on Eyal Hertzog, co-founder of Bancor, “A smart token, is a programmable token, and uses the Bancor protocol and that holds one or more other tokens, in its reserve. And it can manage this reserve in a way that it sets a price and sells itself in exchange for the reserve currency or vice versa. It would buy its own units and payout in the reserve currency in exchange for that. So you buy the smart token from the smart token itself/ smart contract and you sell the smart token to the smart token itself through the smart contract. And whenever you buy the price goes up and whenever you sell the price goes down.” The major problems that Bancor solves are: Provide instant/immediate liquidity through one liquidity pool Built in price discovery Reduce/Eliminate counterparty risk “Smart tokens” hold one or more other tokens in reserve, i.e. decentralized baskets Create cross community driven interoperability smart token Prices are calculated by the smart token so buys and sells use the same current price, thus there is no spread. Price slippage is pre-calculated relative to transaction size and incorporated into current price and as a result there is a predictable price slippage. Provide instant/immediate liquidity through one liquidity pool The ability to provide “liquid generated user currencies” is achieved by the use of smart contracts. The “liquid mechanism” is done by including the buy and sell orders into the smart tokens as well as using the third-party arbitrage system inside smart tokens to handle any additional rules set by the token creators. Smart tokens are standard ERC20 tokens which implement the Bancor protocol, providing. continuous liquidity while automatically facilitating price-discovery. The smart token’s contract instantly processes buy and sell orders, which drive the price-discovery process. Due to this capability, smart tokens do not need to be traded in an exchange in order to become liquid. A smart token holds a balance of least one other reserve token, which (currently) can be a different smart token, any ERC20 standard token or Ether. Smart tokens are issued when purchased and destroyed when liquidated, therefore it is always possible to purchase a smart token with its reserve token, as well as to liquidate a smart token to its reserve token, at the current price. Double coincidence of wants is an issue that exists in crypto-currencies as buyers
Long
by marketcyclescrypto
2