This is good news and it only proves that Bancor's features and concept are very useful in keeping a healthy crypto environment.
Don't know how many active users they have but a user base of 250 million is quite awesome. BANCOR is doing a real good job.
seen with that much support, Bancor will also always give the best and maybe they won't disappoint the community, but the prices from Bancor now do look disappointing, a 3% reduction today may be the end of the bear cycle, we hope
It is important to remember when looking at the prices on Bancor, that the pricing of tokens on the Bancor Network is an internal function only moved by people converting that token. This allows arbitrage opportunities at times, which keeps the price in line with external sources pretty closely.
Here's a
useful article that explains it in simple terms.
For a deeper dive into the Bancor algorithm that makes Bancor possible, feel free to check out
the whitepaper, Part 3 "Pricing Algorithm".
