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Even if you are relatively unfamiliar with cryptocurrency, you may have heard about the world’s largest crypto exchange, Binance. The story of Bella protocol began when Binance introduced Binance Launchpool to bring DeFi tools to its platform on Sep 6, 2020, and Bella Protocol was one of the first projects decided to participate in the Binance Launchpad and is backed by Binance Labs. Let's move on and learn what exactly Bella Protocol is!
Bella Protocol is designed as a 1-click concept and facilitates the user experience of existing DeFi protocols and helps them deploy their assets and earn yield with ease. It makes crypto banking simple while simultaneously reducing the high fees and tackling the slow transaction issues. The Protocol is formed by the ARPA team, a blockchain-based layer two resolution, and owns its native token, BEL. It offers users to stake their BNB, BUSD, or ARPA tokens into three separate pools to farm BEL tokens over 30 days.
The protocol comprises various products, including Bella Flex Savings, Bella Liquidity Mining, Bella Locker, Bella Lending and Bella 1-Click.
With Bella Locker, you can stake any amount of BEL you want, and you will earn rewards automatically from anywhere, anytime, with fixed APY.
It is a service that gathers all the popular DeFi products with zero fees for transfers.
Users can use the BEL token in the Bella Protocol platform for staking, fee collection, discounts for Bella services, and voting and governance.
Bella Protocol is ranked as the 598th largest cryptocurrency by market cap among all cryptocurrency projects. When writing this post, on Apr 27, 2022, each BEL token is traded for $0.83 with a 24-hour trading volume of $7,198,139, a circulating supply of 56 Million BEL coins, a total supply of 100 Million. According to our recent data from Cryptologi.st, BEL wasn't a lucrative token within the last year, and if you had invested $100 in BEL, you would lose %75 of your money! BEL's current price is 92% less than its highest price, which was about $9.9 on Sep 15, 2020, and is traded 25% higher than its lowest price, which was about $0.62 on Nov 05, 2020.
As mentioned earlier, BEL is the governance token in the Bella Protocol ecosystem, with a total supply of $100,000,000 BEL. You can see how the BEl token is distributed below.
Disclaimer: Don’t take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
Knowing about the future of crypto projects prevents us from losing our funds. However, we are not financial advisors, and all these price predictions are based on the recent performance of the token. According to Prediction.net, some experts predict that the value of each BEL token can rise and will reach the level of $1.11 with a maximum price of $1.30 and an average trading price of $1.15.
The price of BEL token is predicted to reach a minimum of $1.58, with the highest level of $1.95 and an average price of $1.64 in 2023.
By the end of 2024, the minimum price of each BEL token will be around $2.34. The BEL price can reach a maximum of $2.77, with an average trading price of $2.41.
In 2025, the minimum price for each BEL would be $3.41, with a maximum level of $4.05 and an average price of $3.53.
Decentralised infrastructure opened up new spectrums to investors, and so did the Bella protocol, which aims to bring innovation to DeFi. Although the protocol has offered some significant features, the lack of any roadmap for 2022 can be a red flag. Also, the token’s price was completely descending over the last year, and it seems to be concerning. Putting it all together, you shouldn't consider new projects like BEL token coin as a short-term investment, and also, you need to do your own research before getting involved with any investment. Here at Cryptologi.st, we provide educational contents with the latest updates on the top 1500 coins to aid you in making confident investment decisions.