Bancor V2 (BNT) is Blasting Through Local Highs and On Its Way To Hit $2 ?
BNT CHART Published On Tradingview
$BNT is blasting through local highs and on its way to hit $2.
Bancor market and social signals have been so strong that $BNT was chosen as LunarCRUSH's coin of the day after topping the AltRank charts for multiple consecutive days in the #1 position.
Extremely bullish sentiment and positive signals for $BNT increased dramatically after Chainlink published a blog detailing its deep collaboration with Bancor on the coming release of Bancor V2
In our first #DeFi series article, we take a deeper look into automated market maker (AMM) based decentralized exchanges (#DEX) and how #Chainlink oracles are used in @Bancor's V2 release to help resolve the problem of impermanent loss for volatile assets. https://t.co/gt5uDKHltd
— Chainlink - Official Channel (@chainlink) June 29, 2020
which resolves some of DeFi's biggest issues with automated market makers (AMMs). Bancor and Chainlink also co-hosted an AMA revealing new details on how the new system works.
⚖️ @natehindman explains how #BancorV2 uses @chainlink oracles & dynamic weights to balance liquidity pools & maintain arbitrage opportunities while mitigating impermanent loss.
— Bancor (@Bancor) July 1, 2020
📺 Watch the full AMA with the Bancor & #Chainlink teams: https://t.co/INBZkN1YvP#DeFi $BNT $LINK pic.twitter.com/VtklSUUlFR
Prominent crypto analysts expect $BNT to 4x soon, due to Bancor's V2 AMM innovations being "different from anything that exists today."
There is speculation that a $BNT listing on Coinbase is imminent. $BNT is already listed on Coinbase Custody and is rumored to be a top candidate for listing on Coinbase Pro