Bancor is a networked liquidity protocol that supports automatic exchange across multiple platforms. In the summer 2017 the developers attracted an abnormal $153 million to the project, with the help of ICO in just 3 days. However, during 2018-2019, BNT lost value from a maximum of $10 to the minimum $0.11 in March 2020.
The project got its new lease of life in 2Q 2020, when it began to develop in the direction of the Defi sector. The price splash was x13-x15. BNT is believed to become a major player in the future as it can efficiently handle trading volumes and convert blockchain assets into cash.
For the last 3 months, BNT price has been forming an Inverted Head and Shoulders reversal pattern. Yesterday, there was a breakout of the base on very confident volumes, amid the news of the listing on 12/15/2020 on the Coinbase Pro exchange. As you remember, this
We think that at this stage it is not worth waiting for an increase above $1.45-1.55. Possible correction of this strong breakthrough to $1.15. Although, if the reversal pattern works out well according to the TA canons, then we can safely expect that the BNT price will reach $1.77-1.80 in the near future. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)