Biconomy has made waves in the cryptocurrency market recently, but it seems that many investors are still not sure what exactly this project does and whether it presents a good investment opportunity. In the following Biconomy price forecast for 2025 and 2030, we’ll take a closer look at the token and whether it’s a good time to add it to your wallet.
Let’s face it, some cryptocurrency projects receive more attention than others.
Projects in the NFT, games and Spazio DeFi seem to attract the most interest, both from investors and the general public. However, many of these projects increasingly depend on more utilitarian projects. Projects like Biconomy.
Simply put, Biconomy is a next-generation multi-chain relayer protocol. It wants to be a cross-chain scalability solution for web 3.0 and, although it may not seem particularly fascinating, this project could solve a problem that needs to be addressed if you want to realize the decentralized vision of web communications and e-commerce.
So, how valuable is Biconomy to the wider blockchain world, and should investors add its native token, BICO, to their wallets at this stage? The purpose of this article is to take a closer look at the project and listen to leading analysts on how they see its price moving in the coming years.
Table of Contents:
The challenges posed by Web 3.0
You may not be fully aware of what web 3.0 means exactly. It’s advertised as the next evolution of the internet, and the term encompasses a fairly broad spectrum of technologies that are supposed to revolutionize the way we do business, shop, communicate, and even play video games.
Web 3.0 refers to a decentralized future, with blockchain technology being the centerpiece of almost all digital interactions. The problem is that this requires an extremely complex infrastructure, and at present, the blockchain world is fractured, with several projects providing different services across the board. This makes the interaction between dApps a very complex affair.
There are several challenges that need to be overcome before the widespread adoption of blockchain technology can become a reality. First, there is scalability, the bete noir of the cryptocurrency industry. For Web 3.0 to be truly mainstream, blockchain networks would have to support faster transactions and in a much higher volume than the current standard.
Interactions in the blockchain world currently also require a fair degree of knowledge from users, which is a barrier for the general public. It’s also true that commercial web browsers, computers, and phones currently don’t offer widespread support for dApps, making the technology even less accessible.
Finally, there is the question of costs. Especially with platforms like Ethereum. Premium rates can create a challenging environment for emerging technologies.
The problems described above are, to some extent, what Biconomy intends to address.
So what exactly is biconomy?
Biconomy is a Web 3.0 blockchain project that started its life in India in 2018. The organization behind the project was created by former Binance employee Aniket Jinda, along with former Polygon man Ahmed Al-Balaghi, and Sachin Tomar, a former Samsung software engineer.
The team was quite clear with its mission statement. Biconomy aims to “simplify the future of transactions, ensuring that decentralization is truly accessible to all.” A noble goal, of course, but remarkably similar to many other Web 3.0 solutions. So what makes Biconomy special?
The main features of Biconomy
Essentially, what Biconomy is a layer 2 scaling solution that is currently hosted on the Ethereum blockchain, although, in theory, it can be applied to any other. The system aims to make transactions easier in the Web 3.0 world and has essentially two main products: Gasless and Hyphen.
Gas-free
Gasless is probably the flagship feature of the Biconomy project and effectively gives developers the ability to implement commission bypass in their dApps. This means transferring the GAS tax to another party. This means, for example, that a subscription service could pay users’ GAS rates, giving them a standardized fee structure.
Hyphen
The other revolutionary feature of Biconomy is The Hyphen. This is a protocol that gives users more options for paying network fees. It uses smart contracts to effectively allow users to pay using any ERC-20 token. The idea is that users won’t have to convert their tokens from one project to another. Any project that operates on the Ethereum virtual machine can be included in the Hyphen protocol.
These technologies demonstrate Biconomy’s mission to make cryptographic transactions easier for the everyday user. Gasless means that projects can offer services at a flat rate, while Hyphen gives users more options when paying commissions.
The BICO token
The entire Biconomy ecosystem is powered by its native token, BICO. As a project utility token, BICO performs several functions. First, it is used to regulate and verify transactions that take place within the Biconomy system. Those who wish to manage nodes on the network can bet their BICO for a share of the fees. You can also delegate tokens for a share in returns.
BICO is also Biconomy’s governance token. This means that users can vote on any proposed changes to the infrastructure or the general direction of the project. BICO has a total supply limit of 1 billion.
Looking at Biconomy’s price history
Most major cryptocurrency exchanges have Biconomy’s price data until December 2021, when the token became widely available to the public for purchase. Anyone looking at the charts for BICO will notice quite quickly that this token has not seen the usual trajectory that one might expect from a newly traded token and has deviated from the wider market in numerous places.
When BICO first hit the market, it was trading at $14.15, which is a fairly high price for a new token. However, the day after it was widely listed for the first time, the altcoin went into sharp decline over the next three weeks, eventually dropping to $3.20. It then saw an unexpected rise before the end of December, with prices suddenly rising to $5.77.
Suffice it to say that Biconomy had a rather eventful first month in the markets, but essentially had a downward trend for much of the rest of 2021. When the new year came, BICO was trading at $3.92 and was still in a period of decline. At the end of January, it was at $1.95 and things showed no signs of improving. By March 2022, BICO had sunk as low as $1.16.
Unfortunately for BICO, it started hitting exchanges around the same time that the broader cryptocurrency market started to collapse, and while its price has been much more stable than many other tokens, it has not yet seen any major recovery. By April 2022 the token was trading at less than $1.50 and another market crash in May brought it to $0.38.
At the time of writing, BICO is trading at $0.52. While many investors will be wary of a token that has not seen any major success in terms of significant bulls, some realize that this could be a great opportunity. There are very few major projects that haven’t seen significant growth at some point after launch, so it’s possible that BICO is still due to its time in the sun.
Biconomy price forecast for 2025
We suggested that Biconomy may have more potential than its pricing history would suggest. However, let’s be clear here – that’s all speculation. When it comes to making predictions about Biconomy’s prices for 2025, it is the previous data on which analysts are based. Since BICO has been traded less than a year, obviously this data is limited. Therefore, the following predictions should be seen as suggestive and not any kind of guarantee of future value.
Starting with DigitalCoinPrice, many analysts seem to be optimistic about the future of BICO. The platform believes that Biconomy will recover slowly, but will be trading above $0.80 by the arrival of 2023. Fast forward to 2025 and DigitalCoinPrice expects BICO to be worth more than the dollar once again, potentially reaching up to $1.26 by the end of the year, which would be a growth of more than 140% on today’s price.
Another platform that predicts great things in the future for BICO is CoinsKid. According to its technical analysis, the token will recover to a potential high of $0.81 by the end of 2022 and will continue to rise throughout 2023, potentially breaking the $1 barrier with the arrival of 2024. The platform therefore expects BICO to reach a potential maximum of $2.06 over the course of 2025.
Elsewhere TradingBeasts is surprisingly optimistic about BICO. His forecasts suggest that the token could reach $1.24 by the end of 2022, more than doubling its value in the second half of the year. Price growth is therefore expected to be slow but steady in 2023 and 2024, with Biconomy potentially reaching a trading price of $2.47 by 2025.
Looking ahead: Biconomy price forecasts for 2030
We have already noticed that there is limited price data with which to build Biconomy price forecasts. If you also consider the pace at which the cryptocurrency market changes and new technologies reshape the landscape, long-term forecasts are at best unreliable. That said, they are useful for telling us what analysts currently think about the prospects of a project.
DigitalCoinPrice has continued its Biconomy price forecast beyond 2025 and believes that the token will continue to perform well, steadily growing in value over the next decade. According to its data, BICO will reach around $1.42 over the course of 2027. It will then rise above the $2 threshold in 2029 and by the end of 2030 BICO is expected to be worth up to $2.46.
Elsewhere Priceprediction.net has also ventured a forecast of biconomy prices for 2030 – and is substantially more optimistic than the forecasts we have encountered so far. According to its analysis, BICO could reach an impressive $6.45 by 2028, potentially surpassing $10 a year later. By 2030, we could see Biconomy worth up to $16.13.
As we have said, these price forecasts are not guaranteed and obviously diverge quite significantly on what they see in the future of BICO. However, it is encouraging that so many analysts predict growth for the Biconomy project.
Conclusion: Should you invest in Biconomia?
Now that we’ve reviewed the Biconomy project in more detail and listened to some leading market analysts, it’s time to consider whether or not it’s a good idea to invest in Biconomy. The project certainly has a merit in making blockchain transactions easier would definitely increase the adoption of the technology and simplify things for the average user. However, Bitconomy isn’t the only scalability solution out there.
The price forecast for Biconomy we met was unanimously positive, which is certainly a good sign. Although, as we have said, these were not guaranteed in any way and the data informing these forecasts are limited at best. So even though we have referred to these, they should not form the basis of an investment strategy.
The reality is that Biconomy is something of an unknown amount. It was widely listed just a few weeks before the cryptocurrency market collapsed – and has not rebounded since. This means that BICO has yet to really spread its wings and there is the potential that things could go both ways for the project in the future.
In conclusion, BICO could solve a significant problem for Etherum-based dApps and has huge potential. However, it should be seen as a higher risk investment, as it has yet to demonstrate its ability to support bull markets. Of course, if you consider investing in BICO, you will need to keep an eye on web 3.0 developments.
Where to invest in cryptocurrency
If you decide to invest in Biconomy but are new to the cryptocurrency market, you will first need to have a few things in place. First, you will need to order a wallet that can store ERC-20 tokens. You have a few options here and we cover them in our wallet guide, which you can find here.
Once you’ve found a suitable wallet, you’ll need a platform that allows you to access the market and actually buy cryptocurrency. There are numerous brokers and exchanges out there, but we recommend eToro for most users as it is one of the most trusted names in the space and offers users an award-winning trading platform that can be used via the web browser or using a mobile app.
In addition to its powerful trading tools, eToro also has a lot of information available about investing and the cryptocurrency market. As such, it is a highly suitable platform for those who are new to crypto investments.
Biconomy Price Predictions 2025, 2030 – FREQUENTLY Asked Questions
What Is Biconomy?
Biconomy is essentially a layer 2 scaling solution that currently lives on the Ethereum blockchain. Simply put, the project aims to simplify transactions for dApps to make them more accessible to the everyday user.
Is Biconomy an Ethereum project?
Biconomy is built on the Ethereum blockchain, but it’s a cross-platform solution that can connect dApps through numerous other chains, including Binance. However, since Ethereum is the largest host of web 3.0 projects, it was understandably the focal point for the Biconomy project.
How much will Biconomy be worth in 2025?
Biconomy’s BICO token hit the market just before the cryptocurrency market sank and has remained submissive ever since. However, most of Biconomy’s price forecasts seem to see growth on the horizon for BICO. No one can say for sure how much the token will be worth in 2025, but we’ve seen predictions that place it between $2.00 and $2.50.
Where can I buy Biconomy?
You have a few options when it comes to Biconomy, as the token is quite widely listed. However, if you are looking for a reliable and trustworthy broker to invest with, we recommend that you try eToro.
What is BICO used for?
The BICO token is the utility token of the Biconomy project and is essential for the validation protocol and security of the project. It is also Biconomy’s governance token, which means that holders can vote on potential changes to the project and its infrastructure.
