Biconomy is a multi-chain relay protocol that aims to improve user experience and transactions in decentralized applications (DApps). The stated goal of the project is to make web3 products as intuitive and easy to use as web2 products.

Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%. To achieve this goal, the protocol uses metatransactions, allowing users to send transactions with zero gas and forcing a third party to pay the transaction fee for the user. By providing a non-capitalistic and cost-effective network of relay infrastructure, Biconomy can do this at scale.

🛠️ What about the technical stuff?

The coin appeared at the very beginning of the bear market, so it is not surprising that it fell by -97%. According to the RSI on the weekly time frame, the coin is in the neutral zone (61). In the range of $0.2-0.3, a huge volume began to enter the coin - a sure sign that there will soon be a rocket here. The price has already consolidated above all short-term EMAs, so you can even buy at current investment prices.

💼 Buying BICO for a medium-term portfolio.

🔎 Ticker: $BICO

📊Entrance price: $0.57

🛡️ Stop loss: it is better to take a deal without a stop in investment

💼 Volume per transaction: up to 2% of the crypto portfolio.

🎯 Goals: $1; $2.5; $5.7.

📈 Transaction growth potential: up to 1100%.

Среднесрочный портфель обгонит по доходности любую стратегию трейдинга, поэтому я тщательно собираю портфель. В нем я делаю ставку на крипту, сырье и металлы. Впереди пачка новых идей с большим потенциалом, подпишись 🚀

#TrendingTopic #Altcoins2024 #BICO #Biconomy #bicasso