Bico Price Prediction 2023, 2025 and 2030: Is Biconomy a Good Investment?

What Is Biconomy?

Biconomy is a multi-chain relayer protocol that aims to solve the problems new users face when entering the Web3 world. Some of these issues are:

1. High learning curve
2. High ETH gas fees
3. Terrible UX
4. Slow, expensive blockchain bridges

Biconomy aims to solve these issues to improve the user experience and increase the mass adoption of blockchains. It does so using its three main products: Hyphen, Gasless, and Forward.

• Hyphen is a bridge that connects Ethereum, Polygon, and Avalanche. It is way cheaper and more powerful compared to other native bridges.
• Gasless allows gasless transactions by allowing DApp developers to pay the gas fees for their users.
• Forward allows developers to integrate APIs that lets users pay gas in ERC-20 stablecoins and not just in ETH.

Besides these products, Biconomy offers features that make it even more unique compared to other crypto projects in the market. We’ll analyse these features in the following section.

Biconomy Features

• Holders of Bico can vote on changes to the platform and even propose their own suggestions.
• Stakeholders of Bico (node operators, stakers, delegators, etc.) earn Bico coins per their contribution to the platform.
• Liquidity providers can offer liquidity for various assets and, in return, receive nominal fees as a reward and earn Bico coins based on the amount of liquidity they have provided.

We’ll now take a look at the heart of this platform that has made all these unique features possible: the Bico coin.

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What Is Bico Coin?

To get a clear vision of Bico price prediction, let’s learn what Biconomy’s native token - Bico - is all about. Bico is an ERC-20 standard token on Ethereum with two main purposes.

• Being used for governance purposes like voting on changes to the platform
• Paying transaction fees

To find out if Bico is a profitable investment, we’ll take a look at Bico’s price history to see how it has performed so far.

Price History

• Bico started trading at $14.15 on Dec 1, 2021. Right off the bat, Bico’s price started declining and reached $3.20 on Dec 21.
• A few days later, Bico saw a small pump and reached $5.77 on Dec 27, 2021.
• After the pump, Bico’s price gradually decreased and reached $0.5 in May 2022.
• Since then, Bico’s price has remained in the $0.5 zone, and as of today, on Jan 31, 2023, each Bico coin is traded at $0.4.

The following price chart on Bico illustrates how this coin’s price has performed since its launch. In the sections that follow, we’ll go further and analyse the economics of Bico to make a better Bico price prediction.

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Bico Coin Financial Analysis

At the time of writing, on Jan 31, 2023, Bico has a 24-hour trading volume of $5 million. Also, it has been in more than 109K transactions and held in more than 12K wallets.

The Bico coin has a liquidity score of 51%, meaning it has moderate liquidity, and selling this coin in a bear market would not be so easy.

Other influential financial factors of Bico that we need to go through are Tokenomics, ROI, Market Cap, ATH, and ATL.

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Bico Coin Tokenomics

Bico has a maximum supply of 1 billion, and 45% (456 million) of Bico is currently in circulation. The following pie chart showcases the token distribution of the Bico coin.

ROI

The Return On Investment (ROI) is an economic factor that shows how much profit you have made on an investment asset during a certain period of time. The Bico ROI provided by Cryptologist’s aggregators is as follows. 

• The Recent Year’s ROI: -82.25%
• The Recent Month's ROI: 56.09%
• The Recent Week's ROI: 18.98%
• The Recent Day’s ROI: 5.25%

These numbers suggest that Bico hasn’t been a profitable long-term investment so far. However, its price is starting to increase, and it might be a good time to sell your Bico if you’ve invested in it before.

Market Cap

Bico’s financial analysis indicates that at the time of writing, on Jan 31, 2023, Bico has a live market cap of $191 million and a market cap rank of #185.

ATH And ATL

• Bico’s current price is $0.41, which is 98% lower than its All-Time High (ATH) of $21.45, recorded on Dec 2, 2021.
• Bico’s current price is 63% higher than its All-Time Low (ATL) of $0.25, seen on Nov 9, 2022.

Moreover, fundamental aspects significantly impact the Bico coin and Bicnomy’s future. The fundamental factors we need to know about Biconomy are its team members, investors, and popularity. Let’s elaborate on each one below.

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Bico Coin Fundamental Analysis

To make a better Bico price prediction, let’s take a look at some non-economic factors of Bico that can heavily impact its future price performance. We’ll analyse Biconomy’s team members, investors, and popularity across social media platforms.

Team

Biconomy was co-founded by Ahmed Al-Balaghi, Aniket Jindal, and Sachin Tomar.

• Ahmed Al-Balaghi, the CEO of Biconomy, is a researcher and investor in blockchain protocols and has been in the crypto industry for over three years.
• Aniket Jindal, the COO of Biconomy, was previously in the Marketing team of Binance and has been in the crypto industry since 2017.
• Sachin Tomar, the CTO of Biconomy, is an entrepreneur with more than ten years of experience in tech and IT.

Popularity

A crypto project’s popularity contributes a lot to the project’s success. It can easily influence the price performance of a crypto asset and can help the project remain competitive.

During the past six months, Bico’s popularity grew by 3% on Twitter, but it dropped by 18% on Telegram. The popularity chart below helps you better understand the popularity growth rate of Biconomy in the past six months.

Investors

Biconomy solves a massive problem in the crypto industry with innovations that have attracted some of the crypto industry’s giants to invest in it. Biconomy’s key investors are Coinbase, Binance, Huobi, and Mechanism Capital. Other investors of Biconomy include

• LedgerPrime
• Everstake Capital
• Primitive Ventures
• Genblock Capital
• Woodstock Fund, and
• Bain Capital Ventures.

Reviewing Biconomy’s financial and fundamental factors, we can now dive into the Biconoy price prediction for the years to come.

Bico Price Prediction

The table below summarises Bico’s price prediction through the years 2023 to 2030 in a digestible manner. Keep reading to find what each number says about Bico’s price growth.

Bico Price Prediction 2023

Bico has the potential to grow by 39% and cost $0.57 on average in 2023. The minimum and maximum growth rates of Bico are 36% and 65%, respectively.

Bico Price Prediction 2024

Price prediction resources estimate that Bico can cost $0.87 on average, which is a 112% growth compared to its current price. The minimum price growth rate of Bico can be 107%, while its maximum growth rate can be 136% all over 2024.

Bico Price Prediction 2025

The Bico price prediction 2025 estimates that Bico can cost $1.27 on average in 2025, which marks a growth rate of 209%. The minimum Bico growth rate is estimated to be 209%, while its maximum growth rate is predicted to be 265%.

Bico Price Prediction 2030

Bico price prediction 2030 suggests that Bico can skyrocket and cost $8.53 in 2030, which shows a significant growth rate of 1980%. Bico’s price can grow by 1912% at a minimum and by 2239% at a maximum.

Is Biconomy A Good Investment?

Even though Bico’s price has dropped significantly from its initial value, it is a good long-term investment if you invest in it now that it's cheap. Crypto experts believe this coin can be profitable in the long run, and Bico's price prediction suggests a bullish trend.

One of the best tools you can use to find crypto gems like Bico is Cryptologist’s crypto screener tool. After finding projects that suit your crypto needs, you can put them in your crypto portfolio and track their price changes.

These are two of Cryptologist’s many tools designed to help you remove emotion from your investments and make confident crypto decisions.

FAQ

Let’s answer some frequently asked questions about Bico to help you better understand Biconomy.

Does Biconomy Have A Future?

Yes, the Bico price predictions suggest that Bico can have a bullish trend until 2030.

What Will Bico Token Price Be In 2025?

The price of Bico tokens in 2025 can be $1.27 on average. The minimum and maximum prices of Bico in 2025 are predicted to be $1.23 and $1.50, respectively.

Will Biconomy Rise?

Yes, according to Bico price predictions, Biconomy’s price can grow by more than 2000% and reach $9.5 in the future.

What Is Biconomy All-Time High?

Biconomy’s All-Time High is $21.45, recorded on Dec 2, 2021.

What Rank Is Biconomy?

Biconomy ranks #185 in market cap rankings at the time of writing on Jan 31, 2023.