What is BAX crypto & why has it soared 6000%? Know its price prediction

December 02, 2021 07:37 PM AEDT | By Raza Naqvi

What is BAX crypto?

It is the native utility token of the BABB network, which is a London-based financial blockchain platform. The network was started to provide financial services to those who are unable to get traditional banking services.

BAX coin price prediction

© 2021 Kalkine Media Inc.
BABB is working to create decentralized finance (DeFi) infrastructure and hopes to become one of the leading decentralized banking platforms in the world. To achieve this, the network aims to use biometrics, artificial intelligence and blockchain technology to offer peer-to-peer financial services.

Also Read: What is COTI crypto & where to buy this fintech coin?

Using innovative technologies, the BABB network gets financial services through crowdsourcing, and it removes the need for banks. It is reportedly planning to tokenize FIAT currencies and use them on its distributed application platform.

The BAX crypto has different use cases and the most important use is to operate all the services of the platform across geographies and jurisdictions served by the network.

This cryptocurrency ensures borderless transactions and acts as a governance token to determine the allocation of resources.

Bottom line

According to CoinGecko data, the BAX crypto has expanded 3,475.4 per cent and has remained bullish throughout the year.

Also Read: What is FoxBoy crypto & how to buy this token?

On April 25, 2018, this cryptocurrency had clocked an all-time high (ATH) of US$ 0.00295988 apiece. If the BAX crypto continues the same momentum throughout 2022, it could surpass its ATH.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.