STOCKS TELEGRAPH

Tag: Bora

  • BORA – Where is the Price Going?

    The native token of BORA Ecosystem is BORA.

    At the time of writing BORA is being traded at the rate of $1.02 with an increase of almost 4.19% within the last 24 hours.

    The low within this tenure was around $0.9471 and the high was approximately $1.05. The coin as being in the watchlist of many traders makes it rank all the way up to number 96th according to the latest data released by coin market cap.

    BORA during the month of November approached a near All-time High around the price of $1.55. The trading volume today on the other hand has increased by almost 66.68%.

    The top exchanges for trading BORA are currently Upbit, Coinone, Bithumb

    Technical Analysis –  BORA

    The coin a few days ago had a really large candle that took it to a new high. After the creation of the new high, the price failed to create a new higher high and ultimately broke the structure. The price then went to do a descending creation. The price went to mitigate a new higher high. From there it went to touch to zone and is going down as the price failed to hold the zone.

    It can be seen that when the price went upwards and printed the green candle, it left an imbalance in the price. Now this imbalance has been unmitigated for a long time.

    BORA - 1D

    Now the price has no reason to go upwards, as it has failed to hold the zone. There are two reasons that can drive the price of BORA downwards. First is the imbalance present in the candle that needs to be filled. The second is the presence of liquidity that hasn’t been grabbed till now. These two reasons, can drive the price downwards and mitigate the level.

    After this mitigation, the price can become stable from where it can shoot upwards. This place can be a place for a possible long to be taken that can result in good profits.

    Price Prediction

    BORA has been one of the highly bullish coins in the market. In just a few months we have seen a massive increase in the price of BORA. According to wallet investor, the price of BORA is to reach a value of $1.617 in a year. In five years, the price is expected to reach a value of $4.058.

  • What is BORA – The Entertainment Platform

    There seems to be an upward trajectory of attention tokens over the past month or so. Attention tokens are those cryptocurrencies that incentivize users and content creators by awarding them their utility token for the time spent or used. Bora seems to be another one of those tokens that have taken the market by storm in a month. The central reason, in our estimation, seems to be well thought out plan and the subsequent migration of it on the Mainnet.

    Bora is a decentralized entertainment platform that distributes digital content on an incentive-based mechanism to its participants. While at first built on the Ethereum blockchain (ERC-20), it has exhibited duality as the token swap into the new BORA token (KCT, Klaytn Compatible Token) along with the Mainnet migration from Ethereum to Klaytn had been completed. This restricted the trade of BORA tokens to those that are only Klaytn-based.

    What Bora does is allow an ecosystem of dApps on its platform that can be efficiently is used in providing participants with the BORA token. This means a list of games available to be played on the network. This is sure to increase with time. Numbershoot is an example of one of these dApps games.

    The allocation of BORA tokens is both written and executed as smart contracts. 40 percent of the tokens were issued from the total to be sold for financing the development and service operations of the BORA Ecosystem. 20 percent was to be reserved for the further development, expansion, alliances, and investment budget for the BORA Ecosystem. 25 percent was to create initial incentive programs and to raise funds and support early partner development. While 15 percent was to be directly paid to teams and contributors.

    Current Price Movement – Bora

    At the time of writing, the current value of the BORA token is $1.35, a 17.29% increase over the past twenty-four hours. It has a trading volume of $930,267,304 with a 71.86% increase over the past twenty-four hours. The performance of the coin over the past month has been especially impressive where, when it shifted to Klayton, went from $0.33 on the first to its current value today. This is nearly a 400 percent increase in value. Bora has been audited by SlowMist and has been declared secure. The prospects of the coin look dim in the short run due to being a non-English coin. Wallet Investor predicts that the value of the token would be $1.309 by the end of the year but within 5 years’ time, the token is going to have a value of $2.371.