Price Prediction

Bancor Network Token Price Prediction, Will BNT Price Hit $10 by 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jan 20, 2022

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BNT or Bancor Network Token is the native coin of Bancor which is a decentralized financial network. The blockchain protocol grants users to convert digital currency tokens instantly and directly instead of swapping them on exchange platforms. Bancor employs two token layers namely BNT and ETHBNT which simplifies its functionality and liquidity pools. 

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With the hazel free swapping mechanism, Bancor is also looked as a tough competitor to Uniswap platform. However, both Bancor and Uniswap are the present leaders in the world of Decentralized finance or DeFi and DEX.

In this article, let us find out the BNT price predictions for 2022 and beyond and you will have a clear perspective at the end whether Bancor is a good investment.

Now, let us have some basic information on BNT.

Table of contents

Overview

CryptocurrencyBancor
TokenBNT
Price$ 2.3100
Market cap$ 554,236,615.0000
Circulating Supply$ 0.0000
Trading Volume $ 0.0000
All time high$ 10.7200     January 9, 2018
All time low$ 0.1209     March 13, 2020

What Is Bancor Protocol (BNT)? 

BNT or Bancor Network Token is the native coin of Bancor which is a decentralized financial network. The blockchain protocol grants users to convert digital currency tokens instantly and directly instead of swapping them on exchange platforms. Bancor employs two token layers namely BNT and ETHBNT which simplifies its functionality and liquidity pools. 

The central aim of the Bancor platform is what makes it inquisitive. The dedicated team thrives to establish liquidity for altcoins and to incentivize the liquidity providers. BNT is the native token that provides interest for staking. 

Bancor is backed and performed by its community as a DAO (Decentralized Autonomous Organization). Moreover, the ecosystem is governed by a transparent voting system that enables all stakeholders to participate in shaping Bancor’s future.

Fundamental Analysis

Bancor, founded by Eyal Hertzog, Yudi Levi, Galia, and Guy Benartzi, is software that aspires to enrich users to lock crypto assets in liquidity pools. It consists of a series of smart contracts that manage the on-chain conversion of tokens.

 The project aims to make smart tokens a legal currency by creating a standard network that connects all cryptocurrencies in a sovereign decentralized liquid network. The protocol makes effortless and instant conversions without intermediaries. 

Bancor Network Token or BNT is the native token of the platform which serves as a reserve currency for all smart contracts. The other crypto coins are converted into BNT and hence the investors gain interest on the transaction fees. 

BNT Price Prediction 2022

BNT price has not shown any inquisitiveness even in 2022, as it remained weak since the start of the year. With a consecutive generation of lower highs, the altcoin plunged by over 10% reaching $2.96 at the press time. A recent report claims that Vortex Burner has burnt a total of 2,021,260 BNT in 2021. And if the burning continues in the next couple of months, then the price would rise eventually up to a maximum of $5 by Q1 2022. 

Later, the price is anticipated to rise if the community aspires to offer seamless transparency and reliability to its users. By the end of 2022, Bancor’s price is assumed to be traded at $7.5. In contrast, the price may plummet to a bottom of $3.2 if it falls for market FUDs.

Bancor’s (BNT) Price Prediction 2023: 

The Bancor might accumulate with certain integrations and partnerships. As the community aims to create liquidity for altcoins, it might attain more users and investors. By the end of 2023, BNT price is expected to trade in between $10 to $13. If it fails to encounter the crucial bottoms it would remain stable at $3.5. 

BNT 5 Years Price Prediction

 In the next 5 years, BNT might be the competitor for many other altcoins and exchanges as it has more advanced features than the other currencies. It might concentrate on certain developments and collaborations with other projects for the enhancement of the protocol as well as the platform. By the end of 5 years, Bancor’s price could hit as high as $22. Again if market FUDs fail the asset reaching its true potential, it would remain trading below $5. 

BNT Market Prediction

WalletInvestor

As per walletinvestor predictions, BNT price is revised to soar up to a maximum of $6.59, minimum it would flip to $2.9. The token is expected to trade at an average price of $4.98 by 2022. Walletinvestor anticipates bancor’s to trade at an average price of  $12.071. And maximum price expected is $15.916, minimum it would plunge back to $8.114 by 2025.

TradingBeasts:

According to trading beasts, BNT’s price is forecasted to hit a maximum of $2.39, minimum it would drop to $1.63. The token is expected to trade at an average price of $1.918. The website predicts BNT to trade at an average price of $9.823 by 2024.

Digitalcoinprice:

According to Digitalcoin Price, Bancor’s price could soar up to $3.97 by the end of 2022. BNT could surge to $6.27 by the end of 2025.

Gov.Capital: 

Gov.Capital predicts a pretty steady prediction as it does not see the price smashing $5.5 before the start of 2022. According to the platform, the price may reach close to $4.8 by the end of 2021 and trend with a narrow range throughout 2022. However, by the end of 2025, the price may hit levels close to $20.6091.

Our BNT Price Prediction

BNT instigated the year 2021 with a trading value of 1.29 and the price continued to recover after. The token might hit a new high if it gets listed on many exchange platforms. As the BNT consists of a series of smart contracts that facilitate the instant conversion of tokens, it might acquire more investors and users. 

As per Coinpedia’s formulated Bancor’s price prediction, by the end of 2022, the highest BNT price is assumed to be $10 to $12. 

Year. Potential High Potential Low
2022$7.5$2.9
2023$10$3.65
2025$15.59$5.68

BNT Historic Price Sentiments

2017

BNT entered the crypto sphere on 23 June 2017 with a trading value of $4.18 according to Coinmarketcap. The token dramatically declined to $1.70 within several days of the trade and recovered further to $3.23 during early September. Later with certain variations, BNT effectively reached $5.00 at the end of December to close the year 2017.

2018

On a bullish note, BNT opened the year 2018 with a trading price of $5.37. Effectively, the currency escalated to $10.44 and hit an all-time high on 10 January 2018 as it got listed on many of the exchange platforms and surprisingly reached a support level at $2.15  by early April. Further, the Bancor spiked to $5.25 by May. As the bears appeared in the market, the currency consistently started to decline and arrived at $0.65 by December and ended the year 2018.

2019

On a bearish note, BNT started the year 2019 with an exchange value of $0.62. The currency did not perform well as it continued a downtrend because the bears succeeded in pulling the prices down. With certain price indifferences, Bancor declined to as low as $0.25 by December to conclude the year 2019.

2020

As the sellers established control over buyers, Bancor started the year 2020 with a low cost of $0.24. Further, the token failed to accumulate and significantly continued to drop. Later the BNT arrived at $0.14 by mid-March as the fall of many other altcoins due to the crypto market sank. Effectively, the token spiked to $2.42 by August and plunged to $0.53 by November. Later with certain price recoveries, BNT climbed to $1.30 by December close the year 2020.

2021

BNT commenced the year 2021 with a trading value of $1.29. Later the price incited an upward trajectory and the token hit $6.25. Though bulls have managed to sustain these levels until April, the May market crash plummeted the price by over 50%. With a build-up in sell pressure, the altcoin has found support near $2.5 by July. 

It was not dissimilar to a stable coin for the rest of the year as it has lost all its volatility. With no significant price action, the BNT price simply hovered within a range-bound scale of $3.4 to $4 till the year’s end. 

FAQ

Is it possible to mine Bancor?

No, Bancor cannot be mined.

Is Bancor a good investment?

Yes, Bancor is a good investment if you are looking to invest for a long term.

Why is Bancor the unique currency?

It is the unique currency because it creates liquidity for altcoins and remunerates liquidity providers.

Where the Bancor can be traded?

Bancor can be traded at the exchange platforms like Binance, Coinbase Pro, OKEx, Bancor Network and many more. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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