Bankex (BKX) Live Price Chart & History

Live BKX / USD Price Chart

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Price USD -3.92%
$0.330787
Price BTC
0.00004025
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$23.4M
Market Share
Since launching at $2.82296 on 13/01/2018 Bankex has achieved a price of $0.330787, falling -8.66% in the last week alone.

Bankex Price Analysis: Predictions and Forecasts

Why buy Bankex? What is it used for?

BANKEX is Bank-as-a-Service on blockchain, building the Proof-of-asset-Protocol. Financial markets are changing very quickly. We are developing tools and technologies that helps to adopt these changes by traditional institutions. Due to distrust current asset owners sometimes may not acquire additional liqudity. BANKEX injects additional transparency to the assets by proprietary Proof-of-asset-Protocol that allows asset owners to sell them as a digital products... BANKEX Proof-of-Asset protocol (PoA) is a standard that enables new generation of assets and contracts called Decentralized capital markets. We are building Internet of Assets (IoA) on the principles of Bank-asa-Service (BaaS), powered by Internet of Things (IoT) and Artificial Intelligence (AI) technologies. PoA protocol is open for 3rd party fintech providers, AI and IOT labs, traditional financial institutions and asset owners.
Bankex was launched in 13/01/2018. It uses the Proof-of-Asset protocol (PoA) method of consensus, and is based on the N/A algorithm. Bankex's goals include BANKEX is developing a tokenization technology that uses the blockchain technology to offer advanced Proof-of-Asset protocol for the financial markets. By using Smart Contracts, BANKEX ensures that the asset is: validated, turned it into a token, and placed on the market for trading. BKX is an Ethereum-based ERC20 utility token that is used in the Proof-of-Asset Protocol ecosystem for payment purposes in order to create Smart Assets of different classes. BKX token is also used as a remuneration to the Asset Community for product mining..

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Bankex Trading: How To Buy + Trade BKX

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Bankex wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades BKX
  5. Exchange your BTC, ETH or LTC for an amount of BKX, depending on the current exchange rate
  6. Move your Bankex coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading BKX on an exchange

As you can see, the process for trading Bankex is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Bankex crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Bankex goes to zero

You can see our list of featured trading platforms here

Will the price Bankex fall continue to rise?

It's impossible to predict for sure if Bankex is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Bankex has fallen by -8.66%
  • In the past month it has lost -6.307215031756%
  • In total it has fallen in value by $-2.492173 since its inception, a change of 11.72%

Can Bankex reach, replace, pass or overtake bitcoin?

At present Bankex is trading at 0.00004025 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 2,484,472.0%. If we assume Bankex continued to as it has in the last month - with a price change of -6.31% it would take -13.714825389897 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of BKX is going to take off and increase in price to a higher level we've done the math for you.
In order for Bankex to reach $0.50 it needs to increase in price by a factor of 1.51x. Given its present growth rate of -6.31% per month, it could take just 2.0 months to hit a price target of $0.5 USD

What is the probability of hitting $0.50 over time?

Time periodChance final price > $0.5Chance final price < $0.5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bankex to reach $1.00 it needs to increase in price by a factor of 3.02x. Given its present growth rate of -6.31% per month, it could take just 5.5 months to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bankex to reach $5.00 it needs to increase in price by a factor of 15.12x. Given its present growth rate of -6.31% per month, it could take just 1.1 years to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bankex to reach $10.00 it needs to increase in price by a factor of 30.23x. Given its present growth rate of -6.31% per month, it could take just 1.4 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bankex to reach $15.00 it needs to increase in price by a factor of 45.35x. Given its present growth rate of -6.31% per month, it could take just 1.6 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bankex to reach $25.00 it needs to increase in price by a factor of 75.58x. Given its present growth rate of -6.31% per month, it could take just 1.8 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bankex to reach $50.00 it needs to increase in price by a factor of 151.15x. Given its present growth rate of -6.31% per month, it could take just 2.1 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bankex to reach $100.00 it needs to increase in price by a factor of 302.31x. Given its present growth rate of -6.31% per month, it could take just 2.4 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bankex to reach $200.00 it needs to increase in price by a factor of 604.62x. Given its present growth rate of -6.31% per month, it could take just 2.6 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Bankex a good investment? Is it safe to put my money into BKX?

No, it is not a 'good investment' to buy Bankex, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Bankex as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of BKX - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Bankex Development + Team

There are 13 developers coding the source behind Bankex There are no sales or marketing staff on the team which could impede the coin's growth.

Bankex publishes bios of all of its team members at their website which can help investors understand the motivations and people behind the project

The team for Bankex is lead by Igor Khmel,

The team is not active on the social media channels, which can be a troubling sign. Their blog is updated regularly with news and information on Bankex's development

.

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

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