Crypto:
29881
Bitcoin:
$68.345
% 1.42
BTC Dominance:
%52.7
% 0.31
Market Cap:
$2.57 T
% 0.03
Fear & Greed:
75 / 100
Bitcoin:
$ 68.345
BTC Dominance:
% 52.7
Market Cap:
$2.57 T

Great Rise in That Altcoin During the Israel-Palestine War!

Israel Palestine

The Bancor Network (BNT) caught attention after the war erupted between Israel and Palestine, followed by a rise.

In the last 7 days, the decentralized finance (DeFi) project Bancor Network (BNT) which experienced an increase of around 70%, followed by a significant pullback, drew great attention in the cryptocurrency market. However, this increase brought along various speculations.

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Bancor Network (BNT) is a project based in Israel and the increase being parallel with the tension between Palestine and Israel is remarkable. Israeli software developers among the founders of the project, especially due to Guy Benartzi being the nephew of Israeli Prime Minister Binyamin Netanyahu, cause the project to be associated with Israel.

Before a big purchase move, South Korea’s largest exchange, Upbit, pulling about 4.71 million BNT worth approximately $2.54 million, equivalent to 3.3% of the total supply, into their wallets, has brought allegations of manipulation linked to Israel.

Market analysts have compared the rise to similar situations like Waves (WAVES) after the war between Russia and Ukraine. But the speculations have not been clarified yet.


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