This is a perfect breakout on the daily. It's a buy now.
I think the breakout of this coin is either a positive for Ethereum, or Ethereum's recent run is a positive for Bancor. The current market cap is $150 million. In my opinion, Bancor could be trading at ~$20 per coin in the future.
Why? Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter-party, at an automatically calculated price, using a web wallet.
I think the breakout of this coin is either a positive for Ethereum, or Ethereum's recent run is a positive for Bancor. The current market cap is $150 million. In my opinion, Bancor could be trading at ~$20 per coin in the future.
Why? Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter-party, at an automatically calculated price, using a web wallet.
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This crypto is ALL about Ethereum. Look at the correlation between the two. While owning both could be redundant, this cryptocurrency is more meaningful to watch than most if you're a holder of Ethereum because it could be used as an extremely valuable indicator.