Is it a good buy?
Can someone redpill me on Bancor (BNT)?
Elijah Hughes
Other urls found in this thread:
blog.bancor.network
blog.bancor.network
cointelegraph.com
github.com
twitter.com
twitter.com
Mason Peterson
it's okay
Eli Gomez
Now? No. At 18 cents, yes, but you missed it. Buy AAVE instead.
Owen Cooper
BNT went up a lot recently so I'm worried about getting dumped on. Why AAVE?
Landon Morris
Best token I've bought in a long time. Price has been driving up hard for 2 weeks.
Token is moving because Bancor have their V2 coming out which is supposed to end impermanent loss in automated market makers and enable single asset staking. This is a major blow to Uniswap. There's a good chance that when Bancor V2 releases that liquidity from Uniswap and other DEXs will shift over to Bancor's pools, which will have far less risk and much higher yield. This will also drive BNT price up.
Check out the blog and attached image for good explanations on Bancor V2: blog.bancor.network
There's also BNT staking rewards coming after the V2 release: blog.bancor.network
Jace Parker
Bancor raised $150M in their ICO, this thing will pump for a while because of their warchest alone.
Cooper Nelson
AAVE is also good, but BNT has way more room for growth. Token's ATH was $10. As of today it's around $0.65.
Josiah Clark
It is the best buy I’ve had in a long time. Thanks biz for the insights on this one.
OP - this says all you really need to know:
“The most undervalued project among its peers is Bancor, with a ratio of 56. This value is in line with some technology stocks, where PE ratios are generally higher than for established industrial companies.”
cointelegraph.com
Samuel Lopez
Bought a slight dip a few days ago. So happy I did! Performing very well.
Angel Kelly
Chad. Proud of your Banclet bro!