Biconomy Price Prediction 2023, 2025 and 2030. Is Biconomy a good investment?

Biconomy Price Prediction 2023, 2025 and 2030. Is Biconomy a good investment?

Biconomy Price Prediction: the expected minimum price value of BICO by the end of the current year should be $7.05 and it can reach a maximum price level of $8.35.

The latest Price of Biconomy Token

Biconomy Price Prediction Today

Overall OutlookPartially Negative
1. Market's WisdomPartially Negative
1a. Market DataNeutral
1b. Technical RecommendationSell
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentNeutral

Biconomy Price Prediction: Use cases

Biconomy provides its users with a non-custodial scalable infrastructure to use Web3 applications via a simplified transaction process. Through Biconomy, users can connect via gasless transactions.

Biconomy has integrated the concept of meta transactions in its network, meaning that users can conduct a transaction even if they don’t have enough balance in their account (i.e., zero balance account). In such a scenario, a third party pays the cost on behave of the user.

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 a part of the governance protocol.
  • BICO holders can act as node operators to get compensated in $BICO.
  • BICO can be staked and used to offer liquidity to earn potential rewards.
  • Delegators can stake their $BICO and receive rewards in return.
  • Holders of Biconomy tokens can vote on various issues influencing the Biconomy network.

Biconomy Price Prediction: Competition analysis

Biconomy is an energy-efficient infrastructure that provides a solution for the high gas fees of Ethereum. One of its notable competitors is Cardano, which is again very energy efficient because it doesn’t rely on crypto mining.

Let’s compare Cardano’s native token ADA with that of Biconomy’s:

image 155

Image: ADA’s one-month graph

The current market price of Cardano (ADA) as of November 18th 2022 is $0.33 and is up by around 2.07% in the last 24 hours. Its 1-month price graph states that the price has decreased by roughly 9% in one month in comparison to a 27.58% increase in the price of SFP.

image 156

Image: BICO’s one-month graph

Other factors to compare:

 BiconomyCardano
What does it do?It is a cross-chain relayer infrastructure that helps avoid blockchain complexities for the users.It is a decentralization-based PoS blockchain that aims to provide energy-efficient alternatives of the Ethereum blockchain
Transaction feeIt allows users to transact even without a gas fee.0.16 ADA per transaction
Playstore Rating3.83
Appstore Rating4.23.1
Performance in past 7 days-3.44%-12.12%
Performance in the past 1 year-2,106%-442%

As we can see for a week, biconomy has performed much better as compared to its competitor. Also, its user friendly features make it a clear winner over Cardano.

Biconomy Price Prediction: Is Biconomy a good investment?

What features set Biconomy apart?

  • Biconomy users can conduct a transaction even if they have zero balance in their accounts.
  • Its architecture helps the users to connect via gasless transactions i.e., they don’t need to pay gas.
  • Biconomy makes the transfers really faster by preventing blockchain complexity such as network switching.

Web3.0 is another big thing in the market after Metaverse. Therefore, being a Web3 application, Biconomy has a great future to grow. Moreover, it is listed on Binance, which certainly adds more reputation attached to it. The reason is that Binance is one of the largest crypto exchanges in the world and not every crypto can afford to be listed on that platform.

Furthermore, Biconomy’s gas-efficient infrastructure is much better than the Ethereum blockchain (because of its high gas fees) and hence, a greater advantage to the entire network.

Therefore, we can conclude that with real-life use cases, BICO is certainly a great addition for your portfolio.

Biconomy Price Prediction 2023, 2025 and 2030

BICO has a total supply of 1,000,000,000 and out of which 228,461,738.21 Biconomy tokens are already in circulation (as of November 18th).  Let us briefly analyse Biconomy’s price movements in past to help predict its future:

image 153
Image: BICO’s all-time high graph

The current market price of BICO is $0.29 (on November 18th 2022) and is down by nearly 2.66% in one day. Its all-time high price is $16.7 which it achieved in February 2021. Since 2021, the price is declining (not consistently though), as we can see in the graph attached above. Data suggests that BICO is currently 5,658% down from its all-time high value.

Although the price prediction cannot be 100% accurate, deep analysis and the coin’s past performance can indeed predict its future. Let’s try to forecast BICO’s price for 2023, 2025 and 2030:

Biconomy Price Prediction 2023

As per the Price Prediction, in 2023 the BICO price is expected to go above an average price level of $0.50, and the expected minimum price value of BICO by the end of the current year should be $0.49. It can reach a maximum price level of $0.56.

Biconomy Price Prediction 2025

As per the Price Prediction, in 2025 the BICO price is expected to go above an average price level of $1.09. The expected minimum price value of BICO by the end of the current year should be $1.06. It can reach a maximum price level of $1.22.

Biconomy Price Prediction 2030

As per the Price Prediction, in 2030 the BICO price is expected to go above an average price level of $7.3. The expected minimum price value of BICO by the end of the current year should be $7.05 and it can reach a maximum price level of $8.35.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

Charu Taneja

Charu Taneja

This site uses Akismet to reduce spam. Learn how your comment data is processed.