Biconomy is a decentralized protocol that aims to improve the user experience and transaction management on decentralized applications (dApps). The project aims to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve various web3 problems: protocols can make users register without making them pay network fees, users can pay commissions in an ERC-20 token of their choice, users avoid blockchain complexities such as network switching, transactions are confirmed much faster.
In short, Biconomy focuses on managing and optimizing transactions and can reduce network costs by up to 40%. To achieve this goal, the protocol uses meta-transactions, which allow users to send a transaction with zero gas and to charge network fees by a third party. Thanks to its gas-efficient, non-custodial relayer network, Biconomy is able to do this on a large scale. The BICO token is the native token of the Biconomy network, which allows its holders to participate in the governance of the protocol, to access Biconomy-based services and applications, and to benefit from incentives and rewards
.
Table of Contents:
When will it reach 1 dollar?
Biconomy reached the value of 1 dollar in May 2021, when it recorded its all-time high of 1.07 dollars. Since then, the price of BICO has fluctuated several times, averaging around $0.15. At the time of writing, BICO’s price is around $0.14. It is not possible to predict with certainty when Biconomy will reach 1 dollar again, as its price depends on various factors, such as supply and demand, market conditions, news and events related to the protocol and the cryptocurrency sector. However, we can make some assumptions based on historical trends and forecasts from some experts and websites. According to these, Biconomy could reach 1 dollar by the end of 2025 or the beginning of 2026, if it continues to grow at the current rate and if there are no negative shocks
.
When will it reach 10 dollars?
To reach 10 dollars, Biconomy would have to increase its price by more than 7000% compared to its current value. This is a very ambitious goal, which would require a strong expansion of the protocol, greater adoption and use by users, greater innovation and competitiveness in the dApp sector, and regulation favorable to cryptocurrencies. Some sources believe that Biconomy could reach 10 dollars by 2030, while others are more cautious
or skeptical.
When will it reach 100 dollars?
To reach 100 dollars, Biconomy would have to increase its price by more than 70,000% compared to its current value. This is an almost unrealistic goal, which would require a revolution in the world of cryptocurrencies and an exponential growth of the Biconomy protocol. At the moment, no source predicts that Biconomy will reach 100 dollars in the foreseeable future
.
When will it reach 1000 dollars?
To reach 1000 dollars, Biconomy would have to increase its price by more than 700,000% compared to its current value. This is a practically impossible goal, which would require a radical transformation of the cryptocurrency market and technology. At the moment, no source predicts that Biconomy will reach 1000 dollars in the near or distant future
.
Is it considered a good investment?
Biconomy is considered by many to be a good investment, as it is a protocol that has an innovative and useful vision, with a high potential for growth and value generation. However, as with any cryptocurrency investment, there are also risks and challenges, such as volatility, competition, security, regulation, and uncertainty. Therefore, before investing in Biconomy, it is advisable to do extensive research, evaluate your objectives and risk tolerance, and diversify
your portfolio.
Price forecasts from 2024 to 2030
Here is a table that summarizes Biconomy’s price forecasts for the coming years, according to some sources:
| Anno | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2024 | $0.20 | $0.30 | $0.40 |
| 2025 | $0.30 | $0.50 | $0.70 |
| 2026 | $0.50 | $0.80 | $1.10 |
| 2027 | $0.80 | $1.20 | $1.60 |
| 2028 | $1.20 | $1.80 | $2.40 |
| 2029 | $1.80 | $2.70 | $3.60 |
| 2030 | $2.70 | $4.00 | $5.30 |
