The price of Bancor (BNT) cryptocurrency increased by 407% after the announcement of Bancor V2

The price of Bancor (BNT) cryptocurrency increased by 407% after the announcement of Bancor V2

The Santiment team closely monitored the development of the Bancor cryptocurrency (BNT) and brought interesting results.

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28 Jun 2020 , 18:16 @ Katie Müller

The price of Bancor (BNT) cryptocurrency increased by 407% after the announcement of Bancor V2

The Santiment team closely monitored the development of the Bancor cryptocurrency (BNT) and brought interesting results.

Cryptocurrency (BNT) has a particularly successful period. After the company announced the expected update called Bancor V2 on April 29, price increased by up to 407%.

The V2 protocol upgrade should be released next month

In the new version, the ‘impermanent loss’ for liquidity providers should be removed, and it should be possible to provide liquidity with 100% exposure to a single ERC20 token.

Santiment also points out that despite the excellent results, there are some unusual activities (picture above).

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