Biconomy Profile


USD 0.65  0.01  1.56%   

Market Performance
3 of 100
Odds Of Distress
Less than 44
Biconomy is trading at 0.65 as of the 13th of August 2022, a 1.56 percent increase since the beginning of the trading day. Biconomy has about a 44 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for Biconomy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of June 2022 and ending today, the 13th of August 2022. Click here to learn more.
Biconomy is peer-to-peer digital currency powered by the Blockchain technology. Biconomy is a multichain relayer protocol that aims to reduce the friction point when dealing with blockchain technology for its mass adoption.Telegram Discord Medium. More on Biconomy
Biconomy is an internet market maker for p-2-p internet money called Cryptocurrency. Biconomy has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as Biconomy are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Biconomy are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Biconomy Crypto Coin Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Biconomy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Biconomy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Biconomy has very high historical volatility over the last 90 days
Biconomy has some characteristics of a very speculative cryptocurrency
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Biconomy is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency\nand verify the transactions independently of a central authority. It is traded on 12 exchanges in multiple currencies. null
Coin TypeBiconomy
Biconomy (BICO) is traded on CRYPTO Exchange. Biconomy is peer-to-peer digital currency powered by the Blockchain technology. Biconomy is a multichain relayer protocol that aims to reduce the friction point when dealing with blockchain technology for its mass adoption.Telegram | Discord | Medium

Biconomy Target Price Odds Analysis

What are Biconomy's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Biconomy jumping above the current price in 90 days from now is about 26.92%. The Biconomy probability density function shows the probability of Biconomy crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Biconomy has a beta of 0.7753 suggesting as returns on the market go up, Biconomy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Biconomy will be expected to be much smaller as well. Additionally, the company has an alpha of 0.2271, implying that it can generate a 0.23 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 0.65HorizonTargetOdds Above 0.65
73.01%90 days
Based on a normal probability distribution, the odds of Biconomy to move above the current price in 90 days from now is about 26.92 (This Biconomy probability density function shows the probability of Biconomy Crypto Coin to fall within a particular range of prices over 90 days) .
Biconomy is peer-to-peer digital currency powered by the Blockchain technology. Biconomy is a multichain relayer protocol that aims to reduce the friction point when dealing with blockchain technology for its mass adoption.Telegram Discord Medium

Biconomy Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Biconomy market risk premium is the additional return an investor will receive from holding Biconomy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Biconomy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Biconomy's alpha and beta are two of the key measurements used to evaluate Biconomy's performance over the market, the standard measures of volatility play an important role as well.

Biconomy Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Biconomy Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Biconomy price patterns.

Biconomy Against Markets

Picking the right benchmark for Biconomy crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Biconomy crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Biconomy is critical whether you are bullish or bearish towards Biconomy at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Biconomy without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to invest in Biconomy

You need to understand the risk of getting into digital currencies such as BICO before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Biconomy in four ways:

Buy BICO through an exchange

Get yourself a crypto wallet before embarking on your Biconomy journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Biconomy. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Biconomy through an exchange

You don't have to buy a full token when starting out since BICO is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Biconomy through a broker

If you don't want to store your Biconomy Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in BICO through an exchange-traded fund (ETF)

You can also invest in BICO through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Biconomy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Continue to Trending Equities. Note that the Biconomy information on this page should be used as a complementary analysis to other Biconomy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Tools for Biconomy Crypto Coin

When running Biconomy price analysis, check to measure Biconomy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Biconomy is operating at the current time. Most of Biconomy's value examination focuses on studying past and present price action to predict the probability of Biconomy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Biconomy's price. Additionally, you may evaluate how the addition of Biconomy to your portfolios can decrease your overall portfolio volatility.
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