Bancor Network Token (BNT) is currently trading at $0.716006, with a change of 0.04665% from the previous close.
According to PricePrediction.Net, the BNT price could reach a minimum expected price of $0.9189, with a maximum of $1.09 and an average price of $0.9510.
PRICE PREDICTION
Other sources like Coindataflow predict that BNT could reach $2.28 in 2025.
Technical Outlook:
A break above $0.75 could initiate a bullish move towards $0.90 - $1.00.
Good future outlook especially considering the ATH 2018 & 2021
⚠️January 18, 2025, unlocking of 1.94 billion ONDO tokens, representing 19.4% of the total supply, or approximately $2.79 billion at the current value of the token. 📉
Bancor Network (BNT) Estimates for the price of Bancor Network Token (BNT) in 2025 vary depending on the platforms. Here is an overview of the main forecasts:
CoinCodex: Anticipation of a range between $0.73 and $1.75, with an annual average of $1.24. Crypto.ro: Optimistic projection with an average price around $36.21 and a possible maximum of $43.36. CoinLore: Expects a range between $16.98 and $25.41 by the end of 2025. Binance: Expects a more moderate estimate, with a value of $0.73 in 2025 and an annual increase of around 5%, reaching $0.93 in 2030. SwapSpace: Suggests a price between $0.89 and $1.03 for the year 2025. Estimated current average price for 2025: $4? Current circulating supply:
Around 161 million BNT tokens.
Forecast based on future capitalization: Low scenario ($2): Market cap close to $322 million. High scenario ($4): Market cap around $644 million. A doubling of the current price seems achievable, representing a potential increase of 100%.
Conclusion:
Strategy to consider according to your profile: Buy - Hold - Sell. Keep in mind that crypto markets remain unpredictable.
⚠️ This is a personal analysis, not a financial incentive.
In January 2025, the lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple Labs, concerning the legal status of XRP, sees significant developments.
Key dates and recent developments:
January 15, 2025: Deadline for the SEC to submit its opening brief in its appeal against Ripple. This step is crucial, as it will determine whether or not the appeal will be continued by the new SEC leadership.
January 20, 2025: Change of leadership at the SEC with the inauguration of Paul Atkins, appointed by President Donald Trump. Known for his pro-cryptocurrency positions, Atkins could positively influence the outcome of the ongoing litigation.
On January 18, 2025, a major event will affect the cryptocurrency market: the release of 1.94 billion ONDO tokens, representing 19.4% of the total supply, or approximately $2.79 billion at the current value of the token.
This release could put selling pressure on the market, leading to a drop in prices. However, factors such as a possible listing of ONDO on Binance Spot and the inauguration of Donald Trump as the 47th President of the United States on January 20, 2025, could boost overall market sentiment and mitigate this impact.
Currently, the price of ONDO is $1.60, with an intraday high of $1.64 and a low of $1.55.
It is essential to monitor these developments as they could influence the future direction of ONDO price.
Suspension of Polygon withdrawals (January 15-22, 2025, then permanent suspension in June 2025):
Reduction in demand: Less access to some Lido features for Polygon users, which could decrease demand for LDO.
Reduction in supply: Less activity on the platform could lead to a reduction in token movements, which could have a bullish effect on the price if demand remains stable.
Uncertainty: Investors could sell as a precaution, leading to a temporary drop in the price.
DeFi Ecosystem Growth: If the DeFi market continues to grow, Bancor could see its price increase, potentially reaching $7.00-$8.00, still below its ATH of 2018 & 2021
Protocol Innovation & Improvements:
The introduction of Bancor V3 and better interoperability with other blockchains could strengthen Bancor’s position and support its price upwards.
Institutional Adoption: Increased adoption by financial institutions could also drive the price of BNT upwards.
Regulation & Volatility: Strict regulation could hamper the growth of the DeFi sector and limit price increases, (which is not in Trump’s outlook) while favorable regulations could accelerate adoption.
Overall Crypto Market Sentiment: A bull market for cryptos, supporting DeFi, could see BNT see continued growth.
Price estimate for 2025: $7.00-$8.00 in a bullish scenario or higher to outperform its ATH, or $0.65-$1.00 in a bearish scenario.
Algorand (ALGO) Price Trend Summary Current Price: $0.33. 24-Hour Change: +1.15%. Range: $0.3243 - $0.3515 Overall Trend: Stable with moderate volatility, suggesting a solidification phase to give way to a bullish phase.
Key Outlook Support: $0.32. Resistance: $0.35.
A break above this level could indicate a future uptrend.
Algorand Outlook Summary Early 2025
Adoption: Development in Decentralized Finance (DeFi), Central Bank Digital Currencies (CBDCs), and Tokenized Assets.
Technology: Improvements in Scalability, Interoperability, and Advanced Smart Contracts.
Ecosystem: Growth of NFT projects, gaming, and support for blockchain startups.