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?