provides its users with scalable, non-custodial infrastructure to consume Web3 applications through a streamlined transaction process. Through Biconomy, users can connect via gas-free transactions.
Biconomy has integrated the concept of meta transactions into its network, which means that users can conduct a transaction even if they do not have enough balance in their account (i.e. a zero-balance account). In such a scenario, a third party pays the cost of user behavior.
BICO is its native token and is listed on Binance. Let’s briefly discuss its use cases:
- Being a governance token, BICO can be used as part of the governance protocol.
- BICO holders can act as node operators to be compensated in $BICO.
- BICO can be wagered and used to offer liquidity to earn potential rewards.
- Delegates can bet their $BICO and receive rewards in return.
- token holders can vote on various issues affecting the Biconomy network.
Biconomy Price Prediction: Competitor Analysis
Biconomy is an energy-efficient infrastructure that provides a solution for Ethereum’s high gas tariffs. One of its main competitors is Cardano, which is again very energy efficient because it does not rely on cryptocurrency mining.
Let’s compare Cardano’s native ADA token with Biconomy’s:
The current market price of Cardano (ADA) as of November 18th 2022 is $0.33 and has increased by about 2.07% over the past 24 hours. Its 1-month price chart states that the price has decreased by about 9% in a month compared to a 27.58% increase in SFP’s price.
Price Forecast: Is Biconomy a Good Investment?
What features distinguish Biconomy?
- Biconomy users can make a transaction even if they have zero balance in their accounts.
- Its architecture helps users connect through gas-free transactions, that is, they do not need to pay for gas.
- Biconomy makes transfers much faster by preventing blockchain complexity such as network switching.
Web3.0 is another great thing in the market after Metaverse. Therefore, being a Web3 application, Biconomy has a great future to grow. Also, it is listed on Binance, which definitely adds more reputation attached to it. The reason is that Binance is one of the largest cryptocurrency exchanges in the world, and not all cryptocurrencies can afford to be listed on that platform.
In addition, Biconomy’s gas-efficient infrastructure is much better than Ethereum’s blockchain (due to its high gas tariffs) and, therefore, a greater benefit for the entire network.
Therefore, we can conclude that with real use cases, BICO is definitely a great addition to your portfolio.
Biconomy Price Prediction 2023, 2025 and 2030
BICO has a total supply of 1,000,000,000 and of which 228,461,738.21 Biconomy tokens are already in circulation (as of November 18th). Let’s briefly analyze Biconomy’s price movements in the past to help predict its future:
BICO’s current market price is $0.29 (November 18, 2022) and is down nearly 2.66% in one day. Its all-time highest price is $16.7 which it reached in February 2021. Since 2021, the price is falling (not constantly though), as we can see in the graph attached above. The data suggests that BICO is currently down 5.658% from its all-time high.
Although the price prediction cannot be 100% accurate, a thorough analysis and past performance of the coin can actually predict its future. Let’s try to predict the price of BICO for 2023, 2025 and 2030:
Biconomy Price Prediction 2023
According to the price forecast, in 2023 the BICO price is expected to exceed an average price level of $0.50,
and the value of BICO’s expected minimum price by the end of the current year is expected to be $0.49. It can reach a maximum price level of $0.56.
Biconomy Price Prediction 2025
According to the price forecast, in 2025 the BICO price is expected to exceed an average price level of $1.09.
BICO’s expected minimum price value by the end of the current year is expected to be $1.06. It can reach a maximum price level of $1.22.
Biconomy Price Prediction 2030
According to the price forecast, in 2030 the BICO price is expected to exceed an average price level of $
7.3. The value of BICO’s expected minimum price by the end of the current year is expected to be $ 7.05 and can reach a maximum price level of $ 8.35.