Market/Exchange

Exchange

Currency Pair

Price

Trading Volume (24h)

Uniswap (V2)

WETH/BSKT

BSKT Price Prediction and Price Movement

BSKT has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that BSKT's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if BSKT is backed by a solid development team and whether BSKT's technology has any potential to grow.

Please note that this analysis is purely base on BSKT's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.

This article was first seen on cryptobuying.tips, for more original and up-to-date crypto buying guides, visit WWW Dot Crypto Buying Tips Dot Com

BasketCoin Price Chart

About BasketCoin

The Basket Meticulously crafted basket of seven cryptocurrencies which are utilized in numerous trusted Staking & DeFi platforms to strengthen the buy-back & burn process.

It’s first deflationary token, secured with a basket of cryptocurrencies, with the possibility of staking.

BasketCoin is: Deflationary, With collateral - covering its value, With the system of repurchase and burning of BSKT tokens.

A fee of 2% of the value of each transaction will be taken from the transfer - half is burned out, the other half goes to the staking/reward redistribution pool which indeed speeds up the process of reducing supply. Smart Contract itself assumes that a total of 90% of all BSKT will be burned -> supply will decrease from 21,000,000 to 2,100,000
The BSKT token is secured with a basket of seven cryptocurrencies that cover its value. The security so adopted is intended to ensure a constant and stable increase in the value of tokens. Thanks to the correct match of coins in our basket, its value is less susceptible to fluctuations appearing in the cryptocurrency market. The BSKT token security chart looks like this:

Bitcoin (BTC) – 10,75 BTC,
Ethereum (ETH) – 300 ETH,
Polkadot (DOT) – 6 000 DOT, Smarkey (SKEY) – 850 000 SKEY, YfDAI.finance (YF-DAI) – 42 YF-DAI, USD Coin (USDC) – 245 000, Basketcoin (BSKT) –423 736.

All listed cryptocurrencies that make up the BSKT basket will be used to generate additional profits on platforms such as:

Crypto.com (profits of 3%-12% APR), YF-DAI (profits up to 72% APR), Swissborg (profits up to 20% APR), and other decentralised profit-generating platforms in DeFi format.

Revenues from these platforms will be used in the repurchase process for the redemption and burning of BSKT tokens, contributing to a significant reduction in supply on the secondary market. 90% of the above profits will be used for repurchase and burnout, while the remaining 10% will be used for ongoing and necessary expenses related