We also gather additional information from different sources to make sure we cover all necessary data or events. According toCoinMarketCap, Bonfire has a fully-diluted market cap of just over $11 million. This is exceptionally small compared to larger cryptos such as Ethereum or Dogecoin, which are valued in the billions. Furthermore, as noted earlier, Bonfire’s trading volume per 24 hours is also minimal. These figures serve to highlight the token’s fall from grace, as during its peak in May 2021, there was more than $53 million worth of trading occurring per day.
- Connecting wallet for read function is optional, useful if you want to call certain functions or simply use your wallet’s node.
- You can buy Bonfire through PancakeSwap, which is a decentralised crypto exchange.
- Bonfire gives creators the tools to turn audiences into communities, powered by their digital assets, content, and brand.
- Given that the current price of Bonfire is trending downwards, some might say that this token’s chances don’t look good.
- Time will tell which scenario is the truth, although investors will be hoping it is the former.
One day things seem perfectly fine, the next you’re down 20%, https://www.marketwatch.com/press-release/is-bonfire-token-legit-2022-11-26 gas prices are $650, and it feels like the whole world is panic selling. A comfy place for you to seek refuge from the storm outside, collect taxes as you hodl, and watch your profits soar. We’ve got a ton of partnerships and listings coming that we can’t wait to announce. Bonfire is a frictionless, yield-generating contract that allows you to seek shelter amidst the chaos of the market.
What is the price of Bonfire right now?
This episode we dive deeper into the cozy little coin that could known as bonfire token. EToro offers a 0% commission structure when trading cryptos , ensuring users can trade in a low-cost manner. All of the trading fees are incorporated into eToro’s spread, which is clearly stated next to each crypto.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. It’s available on PancakeSwap, a popular place for these kinds of recently launched projects that aren’t big enough for major exchanges. None of the top cryptocurrency exchanges have listed it, and they likely never will. Its price went up by over 1,700%, it reached over $75 million in daily trading volume, and its supporters were talking about how this token was going to the moon. The percent change in trading volume for this asset compared to 7 days ago.
The minimum deposit amount is only $50 (£37), which is entirely free to make. Until this happens, it’s unlikely we’ll see the heights of May 2021 again. Although the developers still host AMAs on Reddit and are active in the community, they have failed to meet their deadlines regarding the release of the NFT marketplace.