- BNT’s price was able to climb above $0.4556 for the first time in two weeks.
- BNT is currently trading at $0.4403 after a 2.33% increase.
- The trading volume for BNT is up 1000+% in just 24 hours.
The crypto market intelligence firm, Santimet, took to Twitter to share some interesting numbers about Bancor (BNT). According to the post, BTN’s price has risen over the last few days.
Bancor supply on exchanges (Source: Santiment)
In addition, BNT’s price was able to climb above $0.4556 for the first time in two weeks. Santiment also mentioned that “as an altcoin with one of the highest levels of coins in exchanges within the top 200”, there is the possibility of massive volatility breaking out for BNT at any time. BNT’s existing supply on exchanges is also 46% higher than three months ago.
BNT is the Bancor Network Token, which is primarily used within the Bancor network and is the default reserve currency for all smart tokens created on the Bancor network. Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains.
Bancor / Tether US 1D (Source: CoinMarketCap)
According to the crypto market tracking website CoinMarketCap, BNT is currently trading at $0.4403 after a 2.33% increase in price over the last 24 hours, and after reaching a high of $0.4579 over the same time. BNT is also up by just under 2% over the last week.
BNT also strengthened against the two biggest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH) by 4.32% and 5.82%, respectively. The altcoin’s 24-hour trading volume is also in the green today by more than 1000% to now stand at $32,041,288.
The altcoin is currently the 252nd biggest cryptocurrency by market capitalization, with a market cap of $87,546,831. This places BNT right behind Centrifuge (CFG) in the 151st position and in front of Chromia (CHR) in the 253rd position.
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