This is a perfect breakout on the daily. It's a buy now.
I think the breakout of this coin is either a positive for Ethereum, or Ethereum's recent run is a positive for Bancor. The current market cap is $150 million. In my opinion, Bancor could be trading at ~$20 per coin in the future.
Why? Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter-party, at an automatically calculated price, using a web wallet.
Komen
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This crypto is ALL about Ethereum. Look at the correlation between the two. While owning both could be redundant, this cryptocurrency is more meaningful to watch than most if you're a holder of Ethereum because it could be used as an extremely valuable indicator.
Very interesting; Compared to BTC this coin is down all the time, but yeh, BTC is up all the time on this timescale :) You think the price of Bancor will be set by BTC focused traders, or more by USD focused traders?
Lanmar
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@edje42, It's down all the time against btc because the seasonal trend has been up btc down eth/alts. The tide may be shifting (if you look at my idea "Winter is coming"). With that said, the breakout in this coin is a strong signal for Ethereum IMO.