What about Banano (BAN)? | Bitcointalksearch.org

Abiky

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Quote from: o48o on December 13, 2024, 08:47:24 AM

What benefits are those that others don't have? Or are you referring to the price growth potential?

I don't have high hopes for it. All i am seeing is potential exit pump, because main holders didn't get a change for exit at the top, so they are focused to pump this now.

As one positive thing, it had one of the funniest crypto advertising memes at the time, 6 years ago.

Here is that: https://www.youtube.com/watch?v=bd3uc5HquOc

Banano's biggest advantage (benefits) are zero fees and near-instant transactions. This is possible because of Banano's DAG architecture. The same one used by coins such as NANO, Constellation, IOTA, and Hedera Hashgraph. Other "meme" coins are either built on existing blockchain networks (tokens) or on a traditional blockchain network of their own (like Dogecoin). Existing blockchain networks often have limited transaction capacity, making day-to-day payments with "meme" coins impractical.

So you can see why Banano is superior than Shiba Inu and the likes. What's missing from it is publicity (marketing/promotion). Without awareness for the coin, it will remain under the radar of retail investors for a long time. At least the network is alive. As long as it stays decentralized, nothing else matters. Cheesy

o48o

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Quote from: Abiky on December 04, 2024, 06:48:39 PM

-cut-
All in all, Banano will remain a hidden gem, until people notice its true benefits. As long as it remains decentralized and useful, there should be nothing to worry about.

What benefits are those that others don't have? Or are you referring to the price growth potential?

I don't have high hopes for it. All i am seeing is potential exit pump, because main holders didn't get a change for exit at the top, so they are focused to pump this now.

As one positive thing, it had one of the funniest crypto advertising memes at the time, 6 years ago.

Here is that: https://www.youtube.com/watch?v=bd3uc5HquOc

nicolas222

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Banano is a fork of nano is doing as well as all the other altcoins, now a point in its favor is that it is easily mined and perhaps even the frequent airdrops

Pandorak

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Quote from: Abiky on December 04, 2024, 06:48:39 PM

Quote from: Pandorak on November 30, 2024, 02:24:02 AM

It is possible that BAN will get listed on various exchanges such as Coinbase, Binance, Bybit and others. Because i believe that with the listing of BAN on Kucoin, it will have an impact on other exchanges to cooperate with Banano to list BAN on their exchanges, especially if there is a large enough Marketcap growth. And, i believe there will be a possibility that this token will get its hype, so it will experience a fairly fantastic price increase if this hype occurs.

Some time ago i saw the news that there was a big trader who put his money in a large enough amount to buy Neiro tokens, so this added to the hype for the token, and plus at that time the “Dog” token hype was happening, so people started to join in to add loads in the token.From this story, i believe there will be a possibility of something similar happening to BAN, and there will be a possibility of being “pumped” by traders massively as op said.

I hope so. If BAN turns out to be a proftiable cryptocurrency, I don't see why can't big exchanges list it in the first place. In fact, Coinbase has a few "meme" coins on its platform. Same as Binance. Banano needs one of these exchanges (or both) to gather the attention it needs from retail investors. After all, small exchanges are lesser-known among the public. Not everyone has the time to check on low cap coins and see if they're worth it.

All in all, Banano will remain a hidden gem, until people notice its true benefits. As long as it remains decentralized and useful, there should be nothing to worry about.

Banano has experienced a price increase of around 27% since the last 7 days, this may make holders more confident in the future, especially because Ban has started to enter the cex market like kucoin, and is supported by a list on mexc, coinex and others. I think maybe this is the influence of bitcoin which has had a good impact on the market because its increase has been so significant, So bitcoin has an impact on other altcoins. The point is, there is a possibility that Ban will reclaim its ath, for at least its ath for this year. I also believe what OP said that Banano is a hidden gem, we'll see and hopefully it will become more real in the future.

Abiky

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Quote from: Pandorak on November 30, 2024, 02:24:02 AM

It is possible that BAN will get listed on various exchanges such as Coinbase, Binance, Bybit and others. Because i believe that with the listing of BAN on Kucoin, it will have an impact on other exchanges to cooperate with Banano to list BAN on their exchanges, especially if there is a large enough Marketcap growth. And, i believe there will be a possibility that this token will get its hype, so it will experience a fairly fantastic price increase if this hype occurs.

Some time ago i saw the news that there was a big trader who put his money in a large enough amount to buy Neiro tokens, so this added to the hype for the token, and plus at that time the “Dog” token hype was happening, so people started to join in to add loads in the token.From this story, i believe there will be a possibility of something similar happening to BAN, and there will be a possibility of being “pumped” by traders massively as op said.

I hope so. If BAN turns out to be a proftiable cryptocurrency, I don't see why can't big exchanges list it in the first place. In fact, Coinbase has a few "meme" coins on its platform. Same as Binance. Banano needs one of these exchanges (or both) to gather the attention it needs from retail investors. After all, small exchanges are lesser-known among the public. Not everyone has the time to check on low cap coins and see if they're worth it.

All in all, Banano will remain a hidden gem, until people notice its true benefits. As long as it remains decentralized and useful, there should be nothing to worry about.

Pandorak

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Quote from: Abiky on November 29, 2024, 02:49:06 AM

Quote from: Pandorak on November 28, 2024, 03:48:58 AM

I see that Banano had a price of $0.01 in 2021 and also this year, so i think there is a possibility that Ban will return at that price, plus if the altseason really happens, i think it will be possible. But, i don't think it's a good idea to believe that the price will go up so much, and it's not a wise if put all money in one basket.

Just now i saw one of the posts of people on x, he said that Ban had collaborated on Kucoin in 2021, and he said that Banano was not also listed on the exchange, and the post was reposted by banano's x account, and replied that Banano was listed on Kucoin on November 18, 2024.

I believe this is good news, which can be one of your reference.

Wow. I didn't thought Banano would get that far. I guess I've missed all of the fun. Would've taken advantage of the "pump" to sell for a huge profit. I think now it's the perfect opportunity to buy more coins. Only while it's still under the radar of mainstream investors and traders alike. Since Banano is feeless, you can do day trading without "breaking the bank". It's even better than Dogecoin, imo. What's only keeping DOGE afloat is first-mover advantage.

KuCoin is a good exchange for BAN to be listed on. But it would be even better if developers manage to convince either Coinbase or Binance to list it. Usually, coins listed on said exchanges end up being massively "pumped" by traders. That's because they help fuel the hype. It's an uncertain future for Banano and "meme" coins, so I'd hope for the best.

It is possible that BAN will get listed on various exchanges such as Coinbase, Binance, Bybit and others. Because i believe that with the listing of BAN on Kucoin, it will have an impact on other exchanges to cooperate with Banano to list BAN on their exchanges, especially if there is a large enough Marketcap growth. And, i believe there will be a possibility that this token will get its hype, so it will experience a fairly fantastic price increase if this hype occurs.

Some time ago i saw the news that there was a big trader who put his money in a large enough amount to buy Neiro tokens, so this added to the hype for the token, and plus at that time the “Dog” token hype was happening, so people started to join in to add loads in the token.From this story, i believe there will be a possibility of something similar happening to BAN, and there will be a possibility of being “pumped” by traders massively as op said.

Abiky

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Quote from: hugeblack on November 29, 2024, 04:19:00 AM

What is so special about this token that it doesn’t make you think it’s a pump and dump? Zero-fee blockchain projects haven’t been successful.

EOS and IOTA have been a failure. Probably due to poor marketing/promotion efforts. But not Banano. At least not yet. It's a "meme" coin, so odds of getting hyped in the future are high. Besides, Banano brings many rewards that can't be ignored. Who doesn't like "free" coins?

Newcomers into crypto will find Banano an attractive coin. We just need to give it some time to blossom. It's a lot better than PEPE, SHIBA, and the likes because of its feeless design. Transactions settle almost instantaneously, too. If BAN went to $0.01 in the past, it can achieve almost anything. Cheesy

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Quote from: sheenshane on November 29, 2024, 05:04:11 AM

IMO it's because of this? https://nanswap.com/shop/banano - Buy Gift Cards with Banano (P.S. ain't promoting this)
Since the transactions are instant and free of this meme coin you can do different stuff with it.

My friend had this coin and told me that he had a faith on it to hold for a long period of time or maybe wait until the price becomes $1 at least.
If you have this coin, IMO it's worth it to hold and aim for that price.

At least it - seems - a bit different from the rest because of that.
So if the faith is there - why not?
With the money a person is willing to spend due to the risks, that is.

Sanitough

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If you’ve been keeping up with its development, I’d say this is worth a shot. The price is super cheap, and if this bull run favors meme coins, this one could definitely ride the wave. Hype can spread anywhere, and all it really needs is some great volume.

Right now, it’s already listed on a few exchanges but with less than $100k daily trading volume. Still, it might be worth risking a small amount, (just gambling money).... We’ve seen other meme coins go crazy, even hitting x1000, so man, if you’re ready to take that gamble and can afford to lose, why not give it a try?

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Quote from: hugeblack on November 29, 2024, 04:19:00 AM

Quote from: Abiky on November 29, 2024, 02:49:06 AM

Wow. I didn't thought Banano would get that far. I guess I've missed all of the fun. Would've taken advantage of the "pump" to sell for a huge profit. I think now it's the perfect opportunity to buy more coins. Only while it's still under the radar of mainstream investors and traders alike. Since Banano is feeless, you can do day trading without "breaking the bank". It's even better than Dogecoin, imo. What's only keeping DOGE afloat is first-mover advantage.

What is so special about this token that it doesn’t make you think it’s a pump and dump?

IMO it's because of this? https://nanswap.com/shop/banano - Buy Gift Cards with Banano (P.S. ain't promoting this)
Since the transactions are instant and free of this meme coin you can do different stuff with it.

My friend had this coin and told me that he had a faith on it to hold for a long period of time or maybe wait until the price becomes $1 at least.
If you have this coin, IMO it's worth it to hold and aim for that price.

hugeblack

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Quote from: Abiky on November 29, 2024, 02:49:06 AM

Wow. I didn't thought Banano would get that far. I guess I've missed all of the fun. Would've taken advantage of the "pump" to sell for a huge profit. I think now it's the perfect opportunity to buy more coins. Only while it's still under the radar of mainstream investors and traders alike. Since Banano is feeless, you can do day trading without "breaking the bank". It's even better than Dogecoin, imo. What's only keeping DOGE afloat is first-mover advantage.

What is so special about this token that it doesn’t make you think it’s a pump and dump? Zero-fee blockchain projects haven’t been successful.

Abiky

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Quote from: Pandorak on November 28, 2024, 03:48:58 AM

I see that Banano had a price of $0.01 in 2021 and also this year, so i think there is a possibility that Ban will return at that price, plus if the altseason really happens, i think it will be possible. But, i don't think it's a good idea to believe that the price will go up so much, and it's not a wise if put all money in one basket.

Just now i saw one of the posts of people on x, he said that Ban had collaborated on Kucoin in 2021, and he said that Banano was not also listed on the exchange, and the post was reposted by banano's x account, and replied that Banano was listed on Kucoin on November 18, 2024.

I believe this is good news, which can be one of your reference.

Wow. I didn't thought Banano would get that far. I guess I've missed all of the fun. Would've taken advantage of the "pump" to sell for a huge profit. I think now it's the perfect opportunity to buy more coins. Only while it's still under the radar of mainstream investors and traders alike. Since Banano is feeless, you can do day trading without "breaking the bank". It's even better than Dogecoin, imo. What's only keeping DOGE afloat is first-mover advantage.

KuCoin is a good exchange for BAN to be listed on. But it would be even better if developers manage to convince either Coinbase or Binance to list it. Usually, coins listed on said exchanges end up being massively "pumped" by traders. That's because they help fuel the hype. It's an uncertain future for Banano and "meme" coins, so I'd hope for the best.

Pandorak

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Quote from: Abiky on November 22, 2024, 07:10:18 PM

I remember a "meme" coin that used to be hyped some time ago. It was called BANANO, based on the near-instant and zero-fee blockchain NANO. Market prices never hit $0.01 USD, but it had a fun and vibrant community. I'm wondering now that Dogecoin and other "meme" coins are back in the spotlight, if there's a future for Banano. I mean, is there a possibility it could hit $0.01 in the long-term? Or maybe even $1 (although I'm being extremely-optimistic here)?

For a coin that provides instantaneous transfers at no cost, I'd say it's pretty undervalued. Don't you agree? By the way, are any of you still holding Banano? Just curious to know.

Thanks for your input in advance.

I see that Banano had a price of $0.01 in 2021 and also this year, so i think there is a possibility that Ban will return at that price, plus if the altseason really happens, i think it will be possible. But, i don't think it's a good idea to believe that the price will go up so much, and it's not a wise if put all money in one basket.

Just now i saw one of the posts of people on x, he said that Ban had collaborated on Kucoin in 2021, and he said that Banano was not also listed on the exchange, and the post was reposted by banano's x account, and replied that Banano was listed on Kucoin on November 18, 2024.

I believe this is good news, which can be one of your reference.

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Quote from: bitbollo on November 26, 2024, 02:54:21 AM

Hi Abiky. I will not be too optimistic in this coin in the future, not because there are not advantages on features but just because meme coins are always a risk and with a "random" hype.
Until when people would buy memecoins? Like ICO... at a certain point user will just be bored to get useless coins...

That's why I will not have too much expectations in a meme coin. What happens with DOGE was a clear pump made by wealthy people and not by real adopters...

Memecoins generally are risky ventures for me, no matter the hype on any of them, their reputation for pump and dump can not be overlooked so investors that are up to their risks should buy with the amounts that they can afford to loose. I agree that what triggered the pump of dogecoin is the affiliation with Elon Musk, especially his involment in the US presidential campaigns where Trump, was bullish on Bitcoin and it rallied it's price when he won. If there is no events or innovations from the dev. team of a project to rally it's pump, it'll be quite hard for such a memecoin to be bullish.

Abiky

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Quote from: aioc on November 27, 2024, 09:38:03 AM

Really undervalued; now that we are in a bull run, they should get the hype it deserves. Investors are attracted to naraatives behind a meme, which is why the name that has a good narrative behind it usually gets the hype. Take, for example, these memes, PNUT and PEPE, They have a good narrative, something that's lacking with Banano.
I hope Banano will have its own time; just like Dogs, someone with a big name should hype Banano.

You mean a celebrity endorsing Banano in the future? I wouldn't count on it. But crypto land often behaves in many strange and bizarre ways. So anything's possible. Such a celebrity would need to be very famous to bring Banano the attention it deserves. Someone like Elon Musk who is wealthy and influences market prices with his comments through social media. Otherwise, Banano will remain a lost and forgotten "meme" coin. Just like Dogecoin was in the early days. Even a good "meme" coin like Garlicoin lost traction.

Investing in Banano for the long term, would be a high-risk move not many are willing to take. It's only good for short-term gains and micropayments. At least the network is still alive. And that's what matters.

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I knew this coin and it was no fee at all per transfer. I think that such coins should be hyped and whether they'll be called memes or not as long as people save fees from it then that should be the next narrative of the market. Free from fees but then the exchanges will be the ones that will earn from here because of the trading fees that they are implementing for all of the traders that uses their platform. As for BAN, I have no idea what the future might bring to this but it was good when I have tried and tested it, they even got some dedicated casino before IIRC.

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Quote from: Abiky on November 22, 2024, 07:10:18 PM

For a coin that provides instantaneous transfers at no cost, I'd say it's pretty undervalued. Don't you agree? By the way, are any of you still holding Banano? Just curious to know.

Really undervalued; now that we are in a bull run, they should get the hype it deserves. Investors are attracted to naraatives behind a meme, which is why the name that has a good narrative behind it usually gets the hype. Take, for example, these memes, PNUT and PEPE, They have a good narrative, something that's lacking with Banano.
I hope Banano will have its own time; just like Dogs, someone with a big name should hype Banano.

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Quote from: Abiky on November 22, 2024, 07:10:18 PM

For a coin that provides instantaneous transfers at no cost, I'd say it's pretty undervalued. Don't you agree? By the way, are any of you still holding Banano? Just curious to know.

It is true that low costs are a concern, building a good reputation for investor trust in Banano,and the need to understand how Banano work is what you need to know, generally the overall crypto market is better, for now I do not hold Banano but only see their movements in the market and it has been going on for quite a long time.

Abiky

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Quote from: bitbollo on November 26, 2024, 02:54:21 AM

Hi Abiky. I will not be too optimistic in this coin in the future, not because there are not advantages on features but just because meme coins are always a risk and with a "random" hype.
Until when people would buy memecoins? Like ICO... at a certain point user will just be bored to get useless coins...

That's why I will not have too much expectations in a meme coin. What happens with DOGE was a clear pump made by wealthy people and not by real adopters...

People will continue to buy "meme" coins until they're "ripped off" for good. Last time I've checked, there was a kid who dumped his own "meme" coin to reap the rewards. It caused a crash that left existing holders furious. If scams/rugpulls continue to impact "meme" coins, people will just abandon them. If they don't, it's because they're blinded by greed.

I consider Banano a unique "meme" coin (besides Dogecoin). It's focused on utility by bringing instant and feeless payments to everyone. Not only that, but the airdrops and giveaways help boost its adoption worldwide. I won't be surprised if Banano hits $0.01 someday. With a prolonged bullish market, anything's possible. A really cool "meme" coin, imo.

bitbollo

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Hi Abiky. I will not be too optimistic in this coin in the future, not because there are not advantages on features but just because meme coins are always a risk and with a "random" hype.
Until when people would buy memecoins? Like ICO... at a certain point user will just be bored to get useless coins...

That's why I will not have too much expectations in a meme coin. What happens with DOGE was a clear pump made by wealthy people and not by real adopters...

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Quote from: Abiky on November 22, 2024, 07:10:18 PM

For a coin that provides instantaneous transfers at no cost, I'd say it's pretty undervalued. Don't you agree? By the way, are any of you still holding Banano? Just curious to know.

I agree not because of the instant transactions or low fees that $BAN has, but because this project has stronger fundamentals than the meme projects that have recently been in the spotlight. $BAN is more worthy of the spotlight, than those projects that just come & go. I don't have any Banano (BAN) anymore, the last time I held it was 2 years ago.

Abiky

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Quote from: Hispo on November 23, 2024, 08:17:16 PM

I remember that memecoin actually, some friends from college used to farm it through some events which got held by the banano community in some webpage, or something similar to it, basically the community or developers behind banano gave some free money for people from third world countries to take advantage of.
Though, I am afraid banano won't take much of the fomo of this ongoing alt season we are witnessing, it seems most of liquidity is flowing to Dogecoin, and the so-called Ethereum killers which are within the top 10 of the market by capitalization.

...

Actually, I just took a look at how Banano is doing right now and it seems there is some stream and liquidity flowing to that coin, but it is still very far away from one could expect as an investor to make a good profit off that coin, It could be the beginning, though, time will tell.

It was surely a fun and exciting coin. Even more so than Dogecoin. The airdrops and giveaways were a great way to attract newcomers into the world of crypto. But too many rewards might have a negative impact over market prices. I guess that's why Banano hasn't taken off yet. It will remain under $0.01 for a very long time. Just like Shiba Inu. Hopefully, developers continue to work on the project to help it withstand the test of time. Being an instant and zero-fee DAG (Directed Acrylic Graph) does bring its benefits.

Another thing that might be preventing a huge "pump" is the lack of rewards for validators/node operators. You'd be volunteering to support Banano without getting paid in return (AFAIK). Same as Ripple's XRP. It's all about money these days. If there's money to be made, nothing should stop the coin from getting hyped. Who knows? Maybe Banano is a hidden gem waiting to blossom someday.

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Quote from: Abiky on November 22, 2024, 07:10:18 PM

I remember a "meme" coin that used to be hyped some time ago. It was called BANANO, based on the near-instant and zero-fee blockchain NANO. Market prices never hit $0.01 USD, but it had a fun and vibrant community.

I'm also surprised that Banano is not getting the hype it deserves. I used to mine Banano using folder@home I just stopped because it was hard on my machine and the price is not worth it back then, The price is better now but it's not the price that you expect from a meme that has been here for many years already.

Quote

For a coin that provides instantaneous transfers at no cost, I'd say it's pretty undervalued. Don't you agree? By the way, are any of you still holding Banano? Just curious to know.

Banano is worth using on almost everything when it comes to transactions; they need to launch massive marketing with so many memes coming investors forget there's a better meme in Banano.

Hispo

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Quote from: Abiky on November 22, 2024, 07:10:18 PM

I remember a "meme" coin that used to be hyped some time ago. It was called BANANO, based on the near-instant and zero-fee blockchain NANO. Market prices never hit $0.01 USD, but it had a fun and vibrant community. I'm wondering now that Dogecoin and other "meme" coins are back in the spotlight, if there's a future for Banano. I mean, is there a possibility it could hit $0.01 in the long-term? Or maybe even $1 (although I'm being extremely-optimistic here)?

For a coin that provides instantaneous transfers at no cost, I'd say it's pretty undervalued. Don't you agree? By the way, are any of you still holding Banano? Just curious to know.

Thanks for your input in advance.

I remember that memecoin actually, some friends from college used to farm it through some events which got held by the banano community in some webpage, or something similar to it, basically the community or developers behind banano gave some free money for people from third world countries to take advantage of.
Though, I am afraid banano won't take much of the fomo of this ongoing alt season we are witnessing, it seems most of liquidity is flowing to Dogecoin, and the so-called Ethereum killers which are within the top 10 of the market by capitalization.

Actually, I just took a look at how Banano is doing right now and it seems there is some stream and liquidity flowing to that coin, but it is still very far away from one could expect as an investor to make a good profit off that coin, It could be the beginning, though, time will tell.

Abiky

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I remember a "meme" coin that used to be hyped some time ago. It was called BANANO, based on the near-instant and zero-fee blockchain NANO. Market prices never hit $0.01 USD, but it had a fun and vibrant community. I'm wondering now that Dogecoin and other "meme" coins are back in the spotlight, if there's a future for Banano. I mean, is there a possibility it could hit $0.01 in the long-term? Or maybe even $1 (although I'm being extremely-optimistic here)?

For a coin that provides instantaneous transfers at no cost, I'd say it's pretty undervalued. Don't you agree? By the way, are any of you still holding Banano? Just curious to know.

Thanks for your input in advance.

Topic: What about Banano (BAN)? (Read 272 times)