Today we celebrate! 2 years of providing liquidity across
2 blockchains and
$2 billion in token conversions via BNT
A huge thanks to our community, advisors, team, mods & supporters you make us better every day.
To months & years,
The Bancor Team
That's nice, but BNT price has dropped to 1/15 in BTC terms...
Price does not reflect all the great achievements Bancor has accomplished. Cross Chain connectivity, their native wallet, and an excellent community has been achieved and successfully maintained through the secondary market conditions.
This is a big mystery for me. I am a huge fan of Bancor, which I personally consider one of the best projects in the crypto space. However, I can't understand for which reason the price of the token has been tanking ever since. The BNT-ETH graph is devastating over these two years, and so is the BNT-USD graph.
Who has been massively selling BNT for these years? Anyone who has bought BNT at the ICO - like myself - has paid it expensively and why would anyone now still be selling at such a massive loss ? So who is selling?
According to the whitepaper, the more projects would adopt Bancor as a reserve token, the more its price should rise. However, adoption is increasing and price goes on tanking.
Could someone please clear out this mystery in an intelligent way?