Biconomy (BICO) is a decentralized infrastructure platform designed to streamline blockchain interactions by enabling gasless transactions, cross-chain interoperability, and simplified Web3 developer tooling. Since its launch in 2021, BICO has emerged as a key player in enhancing user experience across multiple blockchain networks. This comprehensive guide explores Biconomy’s price dynamics, market performance, technological foundation, and investment outlook—providing valuable insights for both new and experienced crypto participants.
Current Biconomy (BICO) Market Data
As of the latest update, BICONOMY (BICO) is trading at $0.0926 USD, reflecting a -2.40% decline over the past 24 hours. Despite short-term volatility, BICO has shown resilience with a 7-day gain of +5.39%, indicating potential recovery momentum.
Key metrics include:
- Market Cap: $85.1 million (Rank #309)
- Fully Diluted Valuation (FDV): $92.6 million
- 24-Hour Trading Volume: $5.9 million (Rank #351), down 15.72%
- Price Range (24H): $0.0921 – $0.0975
- Circulating Supply: 918,735,319 BICO
- Total Supply: 1,000,000,000 BICO
- Max Supply: Not applicable
- Launch Date: October 26, 2021
- All-Time High: $5.65 (current price is -98.36% from ATH)
BICO operates as an Ethereum-based token (ERC-20), though it supports multi-chain functionality through its core protocols. It is not mineable, aligning with its utility-focused design for developers and decentralized applications.
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Price Performance Across Timeframes
BICONOMY's price has undergone significant correction since its peak in 2021, mirroring broader market trends. However, recent performance shows signs of stabilization:
| Timeframe | USD Change | BTC Change | ETH Change |
|---|---|---|---|
| 1 Hour | -0.32% | -1.22% | -1.33% |
| 24 Hours | -2.40% | -2.83% | -2.91% |
| 7 Days | +5.39% | +3.20% | -0.94% |
| 1 Month | -11.43% | -14.65% | -9.90% |
| 1 Year | -73.66% | -85.38% | -66.03% |
While long-term returns remain negative, the +5.39% weekly growth suggests growing interest or accumulation activity. Compared to other cryptocurrencies launched in 2021, BICONOMY maintains above-average trading volume—$5.89 million vs. an average of $360,844, highlighting continued market relevance.
BICONOMY ICO and Funding Details
Biconomy successfully concluded its Initial Coin Offering (ICO) in late 2021, raising $12.1 million USD** with a token sale price of **$0.30 per BICO.
Key ICO facts:
- Status: Completed
- Start Date: December 1, 2021
- End Date: October 20, 2021 (Note: Likely a data inconsistency; launch occurred October 26)
- Funds Raised: $12,100,000
- Target Goal: $19,500,000
- Token Distribution: Specific allocation details not publicly disclosed
The ICO underperformance relative to target may reflect cautious investor sentiment during that period, but strong post-launch exchange listings and ecosystem development have sustained project momentum.
ROI and Volatility Analysis
Investors who participated in the ICO are currently facing a -69.13% return, given the current market price of $0.0926 versus the $0.30 offering price.
Recent performance indicators reveal high volatility:
- 3-Month ROI: -6.50%
- 6-Month ROI: -72.55%
- 12-Month ROI: -70.70%
- 3-Month Volatility: 51.85%
- 6-Month Volatility: 74.72%
- Annual Volatility: 107.12%
- Maximum Drawdown: -98.77%
Despite steep drawdowns, BICONOMY’s volatility profile suggests potential for sharp rebounds during favorable market conditions—making it a candidate for strategic entry among risk-tolerant investors.
Technical Indicators and Trading Signals
Technical analysis reveals mixed signals for BICONOMY across major indicators:
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 52.34 | Neutral |
| CCI (20) | 29.88 | Neutral |
| ADX (14) | 53.74 | Sell |
| Williams %R (14) | -30.67 | Neutral |
| Ultimate Oscillator | 53.74 | Neutral |
Moving averages show a bearish bias on longer timeframes:
- SMA 50/100/200: All above current price ($0.103–$0.162), signaling strong resistance.
- EMA 10 & SMA 10/20: Currently near price level ($0.092–$0.094), suggesting short-term support.
The divergence between short-term buy signals and long-term sell indicators implies a consolidation phase may continue unless broader market sentiment improves.
Blockchain Activity and Ecosystem Growth
Over the past 30 days, the BICONOMY network processed over 3,637 on-chain transactions, averaging 121 daily transactions. While transaction volume remains modest compared to top-tier protocols, consistent activity indicates ongoing usage of its core services—particularly gasless transactions and meta-transactions.
Biconomy’s infrastructure is integrated into numerous dApps across Ethereum, Polygon, Binance Smart Chain, and other EVM-compatible chains, enhancing scalability and user adoption.
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Frequently Asked Questions (FAQ)
What is Biconomy (BICO) used for?
BICONOMY is a Web3 middleware protocol that enables developers to implement gasless transactions, cross-chain bridges, and automated smart contract workflows. The BICO token is used for governance, staking, and paying for protocol services.
Is BICONOMY built on Ethereum?
Yes, BICO is primarily an ERC-20 token on the Ethereum blockchain but supports multi-chain operations through its Hyperlane and SDK integrations.
How many BICO tokens are in circulation?
There are currently 918,735,319 BICO tokens in circulation out of a total supply of 1 billion.
Was BICONOMY’s ICO successful?
While the ICO raised $12.1 million—below its $19.5 million target—it achieved sufficient funding to launch and scale its infrastructure, with ongoing development and partnerships indicating long-term viability.
Can I stake BICO tokens?
Yes, BICO holders can stake tokens to participate in network security and governance, earning rewards in return.
Where can I buy BICONOMY (BICO)?
BICONOMY is listed on over 39 exchanges, including major platforms like OKX, KuCoin, and Uniswap, providing ample liquidity for traders.
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With growing demand for seamless blockchain experiences, BICONOMY (BICO) remains positioned at the forefront of developer-centric solutions. While price recovery depends on macroeconomic factors and ecosystem expansion, its foundational technology continues to gain traction across decentralized applications.
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