$BNT is continuing a very bullish trend towards $1 after a series of major announcements leading up to the release of Bancor V2 in July.
Bancor V2 uses Chainlink oracles to end impermanent loss, drastically reduce slippage and enable single token staking in liquidity pools.
Yesterday, Bancor succesfully launched its v0.6 contract upgrade to Ethereum main net, laying the foundation for Bancor V2.
It was also announced that $BNT is officially being considered for listing on Coinbase and that Consensys Dillegence is conducting a security audit of Bancor V2 code ahead of its release.
Bancor has also overtaken Uniswap in protocol earnings and is close to overtaking Kyber, according to Token Terminal data.
Major tech venture capitalists Tim Draper and Mike Novogratz have both announced support for Bancor's coming V2.
Even after its 300% price incease during the past several weeks Bancor still has the lowest price to earnings (P/E) ratio of all DeFi projects, making $BNT the most undervalued DeFi asset.
The next trigger that could drive $BNT past $1 is any update that shows progress towards Bancor's V2 as well as continued growth of protocol volume and earnings.
Bancor V2 uses Chainlink oracles to end impermanent loss, drastically reduce slippage and enable single token staking in liquidity pools.
Yesterday, Bancor succesfully launched its v0.6 contract upgrade to Ethereum main net, laying the foundation for Bancor V2.
It was also announced that $BNT is officially being considered for listing on Coinbase and that Consensys Dillegence is conducting a security audit of Bancor V2 code ahead of its release.
Bancor has also overtaken Uniswap in protocol earnings and is close to overtaking Kyber, according to Token Terminal data.
Major tech venture capitalists Tim Draper and Mike Novogratz have both announced support for Bancor's coming V2.
Even after its 300% price incease during the past several weeks Bancor still has the lowest price to earnings (P/E) ratio of all DeFi projects, making $BNT the most undervalued DeFi asset.
The next trigger that could drive $BNT past $1 is any update that shows progress towards Bancor's V2 as well as continued growth of protocol volume and earnings.
Forwarded from OKX India
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The Number of USDT ERC-20 Transactions Surged by 450% in 2020
As of January 1, 2020, the number of daily USDT transactions on Ethereum was 49.5K, while, as of June 16, the number became 220.5K. This is the ≈ 450% increase since the beginning of the year.
As Cryptorank reported, Tether ERC-20 Total Supply has been experiencing printing boom for the whole year:
Jul 1, 2019 - $1.09B;
Jan 1, 2020 - $2.29B;
May 1 2020 - $5.62B.
June 17, 2020 - $5.73B
As of January 1, 2020, the number of daily USDT transactions on Ethereum was 49.5K, while, as of June 16, the number became 220.5K. This is the ≈ 450% increase since the beginning of the year.
As Cryptorank reported, Tether ERC-20 Total Supply has been experiencing printing boom for the whole year:
Jul 1, 2019 - $1.09B;
Jan 1, 2020 - $2.29B;
May 1 2020 - $5.62B.
June 17, 2020 - $5.73B