Bancor soars 86% in two days as Coinbase lists BNT, DEX volume spikes
The price of BNT, the native token of the Bancor protocol, spiked by 86% in two days. The price of BNT, the native token of Bancor, surged 86% in merely two days from $1.02 to $1.919. The rally was fueled by a combination of Coinbase listing BNT and the growing volume of Bancor’s DEX.The Coinbase listing was the primary catalyst behind BNT’s strong 48-hour rally. Almost immediately after its announcement, the token’s price increased by around 16% after spiking to as high as $3.70. Coinbase said on Dec. 16:“Starting today, Coinbase supports Aave (AAVE), Bancor (BNT), and Synthetix (SNX) at....
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Bancor 3 will feature instant impermanent loss (IL) protection, an unlimited deposit staking pool, and an Omnipool offering a share of fees generated from the entire platform. Decentralized automated market maker (AMM) Bancor is set to launch new staking pools and an upgrade to its impermanent loss protection mechanism as part of its long-awaited Bancor 3 update.Bancor was founded in 2017 and was the first DeFi protocol to introduce AMMs to the blockchain. The Ethereum-based exchange and lending platform also allows users to earn staking rewards via various liquidity pools. In a Nov. 30....
A handful of DeFi tokens are producing double-digit gains as Bitcoin price fights to turn $19,500 to a strong support level. The world’s negative-yielding debt has soared to over $18 trillion according to Bloomberg. In such times, it is no surprise that the decentralized finance space, a place where mouth-watering yields can be found, has become an investor favorite. Due to high investor demand, Coinbase pro has recently added support for several DeFi tokens. Expanding its offering further, the cryptocurrency exchange has announced that it will extend support for Aave, Bancor, and....
DIA’s listing news generated major attention on the oracle platform as the DIA token’s trading volume skyrocketed by 1000%, with +$120M DIA traded in 24 hours. DIA is now in full-trade mode in Coinbase Exchange and Coinbase Pro, allowing users to buy and sell the token. Launched in 2018, DIA is a cross-chain, end-to-end, open-source […]
Bitcoin trades above $19,000 as ether options volume on exchange Deribit spikes.
Cosmos (ATOM) coin buyers have clasped on the $10 level as its support zone. Cosmos (ATOM) coin soars by over 5% as seen in the past 24 hours. ATOM still fluctuates wildly as observed in the upwards parallel channel. Coin’s price has made impressive traction and surged by 13% in the past week. According to CoinMarketCap, ATOM is having a sweeping uptrend at $12.09 or an impressive spike of 4.46% as of this writing. Currently, ATOM’s ATH is set at $44.45 which means the bulls have to work a bit harder than usual to push the price further up. Related Reading: Polygon Maintains Solid....