Bancor has been created with the aim of using in international trade as a unit within the multilateral clearing system. Also known as “market maker” dapp, it allows the users to buy or sell smart tokens at prices matching the major exchanges. Unlike the traditional exchange system, Bancor enables the users to create a built-in smart contract based liquidity mechanism, which is triggered by buying and selling of BNT tokens.
Bancor has a very ambitious roadmap planned for 2020 which might lead to advancements in new regional strategies, integrating new member tokens, cultivating innovative partnerships and enhance BNT’s overall channel presence. BNT token is compatible with all the ERC20 token, which enables a network of interlinked tokens and quick and automated conversions.
Bancor is a blockchain-based system for discovery and a liquidity mechanism supporting multiple smart-contract platforms, adding to its convenience. It aims to be a standard for other ERC-20 tokens to follow. The flexibility of these blockchains enables tokens to be locked in reserve and to issue smart tokens on the Bancor cryptocurrency system, allowing anyone to purchase or liquidate the smart token in exchange for any of its reserve tokens instantly. The protocol could make token conversion possible without fulfilling the buyer-seller ecosystem since the transactions take place via the aforementioned smart contracts.
Currently, Bancor (BNT) is trading at $0.300924 with BNT price 7.09% down today. The market cap of Bancor is USD 20,808,507 with 69,148,642 BNT circulating currently. The 24-hour price movement chart indicates that $24,554,171worth of BNT were trading.
Bancor recently achieved a market capitalization of 20.8 million USD, right now ranked 151 in terms of market capitalization. Let us check what the crypto prediction sites have got to say about BNT’s value by the end of 2020:
Crypto Ground is popular as a crypto prediction website, which predicts a particular coin price in the future. They've predicted that in a year, Bancor might reach $0.6684 and in 5 years, BNT might reach $16.20.
Digital Coin Price, on the other hand, has a far-fetched viewpoint and has predicted Bancor value till 2026. They predicted that by 2020 end, Bancor might reach $0.659 and in 5 years time frame, BNT might reach $0.585, after which it might increase a bit to $0.587 in 2026.
Coin Fan has shown an overly optimistic prediction for Bancor, where they think BNT might reach $59 by 2020, which comes across as a very optimistic bullish prediction.
Wallet Investor is on a slight pessimistic bearish side when it comes to the prediction. They have stated that by the end of 2020, Bancor might go down to $0.0363.
As stated earlier, Bancor looks quite dedicated and committed as shown in its roadmap, where they have stated that they have plans of enhancing the social features and token creation functions in the first quarter of 2020. These features might get implemented on their Web app by Q1 2020. In the second quarter of 2020, cross-blockchain support is estimated to go live. Even Bancor and EOS have plans of partnering for cross-chain liquidity. This would enable the mainstream adoption of blockchain technology. The EOS Bancor collaboration might lead to other social impact-driven innovations, too. By 2020 end, Bancor is expected to reach $6.478.
Bancor is working towards connecting any number of blockchain ecosystems. 2020 is going to prove big and upgraded for the Bancor community. They might be able to reach out to most parts of the world. THe user-adoption growth rate might be on a roll and there might be big names associated with Bancor in integrations and partnerships. This might take it way high up the ranking ladder in terms of market cap. Bancor might become one of the 70 largest cryptocurrencies by 2020. By 2020, Bancor might reach $6.47, which might be a new achievement for Bancor.
Bancor price prediction suggests that the Bancor price is up for a long-term 2982.998227% in the BNT price value with a 5-year investment. This means that in the year 2023, the Bancor price is forecasted to stand at $ 16.138.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!
2019-12-26 17:14:06.802903 | 2 min
2020-02-26 09:42:32.872988 | 2 min