The decentralized finance (DeFi) project Bancor Network (BNT), which has increased by around 70% in the last day, has brought about various speculations.
Bancor Network The native token of the platform is BNT, On October 8 at around 03:00 CET witnessed a sudden rise. Within hours 71.3% BNT increasing, $0.393 from level to $0.676 reached. This rise serious speculations gave birth.
Noteworthy Israel and BNT connection
Bancor Network became a cryptocurrency exchange with a significant rise on October 8. Binance on the futures chart Bitcoin (BTC) And Ethereum (ETH) next 3rd place rose. Some market experts say that this rise Palestine And Israel parallel to the tension between coincidence may not happen defended.
Investopedia According to the information provided by Bancor Network, he is among the founders of Bancor Network. 3 names is available; Eyal Hertzog, Guy Benartzi And Galia Benartzi. When the research is detailed, it becomes clear that the first two of these three names are Israeli software developers. According to information, this trio founded the project in Israel in 2017 and continued to develop it.
On the other hand, in the brain part of the project Guy Benartziof Israeli Prime Minister Benjamin Netanyahu partner Sara Netanyahu nephew appears as.
Even so Israel Hayom newspaper According to the news in March 2021 In the Israeli presidential elections, the voter system managed by Guy Benartzi is collapsing and this great chaos is the result of the Netanyahu government. losing seats in parliament It extends up to .
A member of Netanyahu’s family In parallel with the news of the tensions in the Middle East of the cryptocurrency project it produces 70% increase While interpreting his survival as a debatable situation, speculations were not clarified.
Market analysts say BNT rise Russia And Ukraine Following the war that started last year between Waves (WAVES) He likened it to his rise. Shortly after the news of the war last year, WAVES, which is known to be based in Russia, witnessed serious increases.
Big purchase made
Powered by on-chain analysis platform Lookonchain to data according to South Korea’s largest stock exchange upbitbefore and along with the BNT rise to 3.3% of total supply corresponding to approximately 2.54 million dollar worth 4.71 million BNT The stock market took it to their wallets. Lookonchain suggested that this move may have triggered the rise.
The price of the purchase in question in relation to Israel on manipulating It was claimed that it could have been done.
New protocol update introduced
of BNT Among the possibilities behind its rise It includes the introduction of the “Arb Fast Lane Protocol”. In a blog post shared by cryptocurrency exchange Bybit on October 9, the protocol introduced as Arb Fast Lane was announced to allow users to use Bancor and other decentralized exchanges (DEX) It was stated that it would allow arbitrage between
The announcement of the said rise and the big purchase It is thought to occur accordingly.
According to CoinGecko data, there is a correction 20% losing value to $0.513 decreased by . BNT at the time of writing from $0.572 while being traded $2.2 billion Binance continues to be positioned in the 3rd place among futures transactions in terms of volume.