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BNT pushing for a trend reversal

BITTREX:BNTBTC   Bancor / Bitcoin
Bancor, the protocol for Smart-tokens aiming to solve the liquidity problem. People are fooled by the market cap of coins in the cryptoverse, thinking that marketcap is representative of actual circulating supply. Truth is, mktcap is simply (PRICE) * (TOTAL SUPPLY) (which is the reason we got coins such as $XRP and $MOON on the top mktcap lists), but if you're really into the markets you'll realize they aren't even liquid enough to cash out a few millions or in most cases not even a million out of the market. Enter BANCOR, the protocol to solve the liquidity problem most of crypto markets have. Being able to provide liquidity through a smart contract is simply awesome. This enables users to trustlessly convert tokens without the risk experienced with centralized models.

After a huge funding (which has hurt their cycle a bit) and several updates from the team we're apparently bottoming out. As one of the big projects this year is finally consolidating ideas and showing progress on their relationships and even new ICOs on the platform coming to life there's finally a trend reversal (apparently). The chart shows a hidden bullish divergence with the RSI showing higher lows and the price showing lower lows, this indicates underlying strength. On the other hand we have Stochastic RSI showing a trend change at 20% oversold levels which might further indicate a change in trend. Next 2 months have interesting updates coming which would most likely create hype for people to buy in. Volume from 8/12/2017 to this moment gives a good perspective as it's showing sells slowing down.

Updates for the team/product: https://blog.bancor.network/

Github (development progress): https://github.com/bancorprotocol/contracts

Coming conferences in which BANCOR will appear in:

  • TechCrunch Disrupt - SEPT 18-20, 2017
  • CapitalFest 2017 -Big main event of Amsterdam Capital Week - SEPT 27, 2017
  • BlockCon 2017 - BlockChain Convention SantaMonica - OCT 10-11, 2017
  • Ethereal - Culture-focused blockchain event that brings innovators in the field - OCT 27, 2017



評論: Recent team messages from the Telegram channel:

https://www.reddit.com/r/Bancor/comments/6vl5w9/recent_team_messages_from_the_telegram_channel/
Bancor is honestly not a coin I would want to trade. Because of the smart contract, it has practically infinite liquidity. This makes it impossible to make rapid gains and rapid losses as the price is largely controlled by the algorithm. If you like growth at snail's pace, perhaps it is a good choice but we know that's not why we do crypto trading.
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