Lorenzo Protocol (BANK) - BTSE Listing - 24 Apr 2025
Bank Coin (BANK), also known as Lorenzo Protocol, is a cryptocurrency that has recently garnered attention due to its significant price movements. As of May 9, 2025, BANK is trading at approximately $0.0675 USDT, reflecting a substantial increase of over 230% in the past year
OVERVIEW OD LORENZO PROTOCOL (BANK).
PURPOSE:
Lorenzo Protocol is designed as a modular Bitcoin Layer 2 solution built on Babylon. It focuses on enabling scalable applications, smart contracts, and enhanced Bitcoin security .
TOKEN UTALITY:
The BANK token is integral to the protocol's operations, facilitating governance and potentially offering yield-bearing opportunities through its DEFi integrations .
š Current Market Data (as of May 9, 2025)
Price: Approximately $0.0673 USD
24h Trading Range: $0.0456 ā $0.0705 USD
Market Cap: Around $27.92 million USD
Circulating Supply: 425.25 million BANK tokens
Total Supply: 2.1 billion BANK tokens
24h Trading Volume: Approximately $14.49 million USD
š Price Performance
Since its Initial DEX Offering (IDO) on April 18, 2025, at a price of $0.0048, BANK has experienced significant growth, achieving an all-time high of $0.0705 on May 9, 2025. This represents an approximate 13.68x return on investment from the IDO price
ā ļø Investment Considerations
Volatility: The rapid price increase indicates high volatility, which can present both opportunities and risks for investors.
Project Fundamentals: While the protocol's objectives are ambitious, it's essential to assess the development team's credibility, the project's roadmap, and its adoption within the DeFi space.š¤
Market Po$$$$
$sition: With a market cap of approximately $27.92 million, BANK is considered a mid-cap cryptocurrency, which may offer growth potential but also comes with increased risk compared to more established assets.