A price chart for BANANA would typically display its historical price movements against a fiat currency like USD or another cryptocurrency. This visual representation helps traders identify trends, support and resistance levels, and overall volatility.
For utility tokens like BANANA, price charts can reflect the health and activity within their associated ecosystem. Spikes might indicate new feature releases, successful NFT drops, or increased engagement, while declines could signal reduced interest or broader market downturns. Without specific chart data, it's crucial to monitor the CyberKongz ecosystem's developments alongside BANANA's price action.
Investors should look for consistent trading patterns and liquidity, especially given BANANA's stated purpose as a utility token rather than an investment asset. High volatility without corresponding ecosystem news could indicate speculative trading rather than organic utility-driven demand.
BANANA is a utility token that serves as the lifeblood of the CyberKongz universe, a digital ecosystem focused on innovative NFT mechanics. Launched in March 2021 by artist Myoo, CyberKongz began with a collection of 1000 pixelated NFT gorillas, known as the Genesis Collection. BANANA was introduced as a core tokenomic feature to facilitate various activities within this expanding universe.
Within the CyberKongz ecosystem, BANANA functions purely as a utility token, designed to power functionalities and operations. Genesis Kongz NFTs, for instance, generate 10 BANANA daily. These tokens are then utilized for a range of activities, including the creation of new NFTs, customization of existing digital assets, participation in on-chain games, and engagement in the community governance system. Its integration across various CyberKongz experiences underscores its importance to the ecosystem's functionality.
It is critical for potential users to understand that BANANA is explicitly stated as a utility token and not an investment. Its value is derived from its utility within the CyberKongz ecosystem, rather than speculative economic value.
As a utility token, BANANA's trading dynamics differ significantly from traditional investment assets. Its primary purpose is to facilitate activities within the CyberKongz ecosystem, not to serve as a store of value or a speculative investment. This distinction is crucial for anyone considering acquiring BANANA.
Liquidity Considerations: While specific 24-hour trading volume data is not publicly confirmed, general guidance for utility tokens suggests that liquidity can be highly variable. Low trading volumes can lead to significant price slippage, making it difficult to enter or exit positions at desired prices. Traders should verify current liquidity on reputable exchanges before making any transactions.
Market Cap Implications: The market capitalization of a utility token, if available, reflects the total value of its circulating supply at the current price. For BANANA, the market cap is not publicly confirmed. A low or unconfirmed market cap often indicates a smaller project or one with limited public trading activity, which can contribute to higher price volatility and reduced liquidity. Investors should be cautious and understand that a low market cap does not necessarily imply undervaluation, especially for a non-investment utility token.
Ecosystem-Driven Demand: The demand for BANANA is intrinsically linked to the activity and growth of the CyberKongz universe. New NFT releases, game updates, or governance proposals that require BANANA for participation can drive demand. Conversely, a decline in ecosystem engagement could reduce demand and, consequently, its market price. Traders should monitor CyberKongz community announcements and development roadmaps closely.
Risk of Speculation: Despite its stated utility purpose, BANANA may still be subject to speculative trading. This can introduce volatility unrelated to its fundamental utility. Users should exercise caution and avoid treating BANANA as a speculative investment, aligning with the project's explicit disclaimer.
The liquidity structure of a cryptocurrency refers to how its total supply is distributed among various holders and how easily it can be bought or sold without significantly impacting its price. For utility tokens like BANANA, understanding this structure is vital, as it can influence price stability, potential for manipulation, and overall market health.
While specific data on BANANA's liquidity structure (e.g., distribution among top holders, exchange reserves, or locked tokens) is not publicly confirmed, general principles apply. A healthy distribution typically involves a broad base of holders, rather than a concentration in a few large wallets, which can reduce the risk of large-scale selling impacting the market.
For utility tokens, a significant portion of the supply might be held by the project's treasury, locked for ecosystem development, or distributed to NFT holders as rewards. These factors can affect the actual circulating supply available for trading and thus impact liquidity. Users should seek to verify the token distribution and any locking schedules to assess potential market dynamics.
Price history provides a retrospective view of an asset's performance over various timeframes. For BANANA, understanding its historical price movements is essential, especially given its role as a utility token within an NFT ecosystem. The all-time high of $16.09 indicates periods of significant market interest, likely correlating with peak activity or speculative fervor around the CyberKongz project.
However, the current price of $0.08, significantly below its all-time high, suggests a substantial correction or a shift in market sentiment. This could be due to broader market trends affecting NFTs, changes within the CyberKongz ecosystem, or a re-evaluation of utility token valuations. For utility tokens, price fluctuations often reflect the perceived health and future prospects of the underlying ecosystem rather than independent financial speculation.
Analyzing price history helps identify volatility, potential support and resistance levels, and long-term trends. For BANANA, a sustained decline might indicate waning interest in the CyberKongz ecosystem, while periods of stability could suggest a baseline utility value. Users should always consider the context of the CyberKongz project's development and community engagement when interpreting BANANA's price history.
Past performance is not indicative of future results. Cryptocurrency markets are highly volatile.The CyberKongz universe was founded in March 2021 by the artist Myoo, launching with a unique collection of 1000 pixelated NFT gorillas, known as the Genesis Collection. This collection quickly gained traction, setting the stage for an expansive digital ecosystem. BANANA was introduced as a foundational tokenomic feature, designed to enable innovative NFT mechanics that were novel at the time, such as breeding and the creation of 'Babies' (new NFTs).
As the CyberKongz ecosystem evolved, so did the utility and importance of BANANA. It transitioned from primarily facilitating breeding to powering a broader array of activities, including customization of NFTs, participation in on-chain games, and enabling community governance. This expansion cemented BANANA's role as the core utility token, integral to the user experience and the ongoing development of the CyberKongz universe.
BANANA's integration extends across various facets of the CyberKongz universe. Beyond its initial use cases, it has become central to experiences like 'Play & Kollect,' where holders can collect NFTs, loot, and exclusive merchandise. It also plays a role in the 'Solarbots' economy, allowing for the upgrading and crafting of CyberKongz Solarbots combat units. This deep integration ensures that BANANA remains relevant as the ecosystem expands.
The project's continuous exploration of unique NFT mechanics and its commitment to community-driven development suggest a dynamic future for the CyberKongz universe. BANANA's utility is expected to evolve alongside these developments, potentially unlocking new use cases and reinforcing its position as the primary medium of interaction within the ecosystem. However, its explicit designation as a utility token, not an investment, remains a core tenet of the project's philosophy.
Banana (BANANA) is a utility token that powers the CyberKongz universe, a digital ecosystem renowned for its innovative NFT mechanics. Launched in March 2021, BANANA enables core functionalities such as NFT creation, customization, participation in on-chain games, and community governance. It is explicitly designed as a utility token to facilitate activities within the CyberKongz ecosystem and holds no economic value as an investment.
Specific network details and contract addresses for BANANA are not publicly confirmed in the provided data. Typically, this section would provide critical information for users to interact with the token on its native blockchain.
What to look for:
Users should always verify the official contract address from the CyberKongz project's official website or reputable block explorers to avoid scams and ensure they are interacting with the correct token.
The market behavior of BANANA is intrinsically tied to the broader trends and specific dynamics of the NFT market and the CyberKongz ecosystem. Unlike cryptocurrencies designed as digital currencies or decentralized finance (DeFi) assets, BANANA's value proposition is derived from its functional utility within a specific digital universe.
Dependence on Ecosystem Health: The primary driver of BANANA's demand and perceived value is the activity and growth of the CyberKongz universe. Factors such as new NFT drops, successful game integrations, community engagement, and the overall popularity of the CyberKongz brand directly influence the utility and, consequently, the market interest in BANANA. A thriving ecosystem tends to support demand for its utility token, while declining interest can lead to reduced utility and price depreciation.
Impact of NFT Market Cycles: The NFT market is known for its cyclical nature, experiencing periods of intense hype followed by corrections. BANANA's market behavior will likely mirror these broader NFT market cycles. During bull runs, speculative interest might drive up the price of utility tokens, even those explicitly stated as non-investments. Conversely, during bear markets, demand for utility tokens within NFT projects can wane significantly.
Liquidity and Volatility: Utility tokens, especially those with smaller market caps or limited exchange listings, can exhibit high volatility and lower liquidity. This means prices can fluctuate dramatically with relatively small trading volumes. The explicit statement that BANANA is not an investment suggests that its market behavior might be less predictable from a traditional financial perspective and more reactive to internal ecosystem events or niche market sentiment.
Governance and Community Influence: As BANANA plays a role in community governance, significant proposals or voting outcomes within the CyberKongz DAO could influence its market behavior. Decisions that enhance the ecosystem's utility or expand its reach might positively impact demand, while controversial or unfavorable outcomes could have the opposite effect.
Users should approach BANANA with the understanding that its market behavior is primarily a reflection of the CyberKongz ecosystem's vitality and the broader NFT market, rather than independent financial fundamentals.
BANANA is a utility token designed to power various functionalities and operations within the CyberKongz universe. It is explicitly stated not to be an investment and holds no economic value beyond its utility within the ecosystem.
Genesis Kongz, the original NFTs within the CyberKongz universe, generate 10 BANANA every day. This mechanism ensures a continuous supply of the token for ecosystem activities.
BANANA can be used for creating new NFTs, customizing existing ones, participating in on-chain games (like Play & Kollect), voting in community governance, and upgrading units in the Solarbots economy.
The CyberKongz universe was founded by the artist Myoo in March 2021, starting with the Genesis Collection of 1000 pixelated NFT gorillas.
The tokenomics of BANANA are designed around its core function as a utility token within the CyberKongz ecosystem. Its economic model prioritizes utility and ecosystem engagement over speculative investment, as explicitly stated by the project.
Generation Mechanism: The primary method of BANANA generation is through the Genesis Kongz NFTs. Each Genesis Kongz NFT yields 10 BANANA daily. This consistent emission mechanism ensures a steady supply of tokens to fuel ongoing activities within the universe. This model incentivizes holding Genesis Kongz and provides a continuous resource for participants.
Utility Sinks and Demand Drivers: BANANA's demand is driven by its various utility sinks within the CyberKongz ecosystem. These include:
Circulating Supply: The current circulating supply of BANANA is 5.1 million tokens. This figure is important for understanding the total number of tokens available in the market at any given time. Changes in circulating supply, whether through new emissions or token burns from utility usage, can impact market dynamics.
Non-Investment Focus: A critical aspect of BANANA's tokenomics is its explicit designation as a non-investment asset. This means its design does not aim to create economic value for holders in a speculative sense, but rather to facilitate a vibrant and active digital community. Users should evaluate BANANA based on its utility within the CyberKongz ecosystem rather than as a financial instrument.
When evaluating BANANA, it's useful to consider other assets that share certain characteristics, particularly within the utility token and NFT ecosystem categories. The provided data suggests comparable assets include Taroverse, ShibKiller, and Functionland. However, direct comparisons, especially based solely on market capitalization, can be misleading for utility tokens.
Basis for Comparison:
Examples of Potentially Comparable Assets:
It is crucial to conduct thorough due diligence on each comparable asset, understanding its specific utility, ecosystem, and the explicit intentions of its creators. Given BANANA's explicit non-investment status, comparisons should focus on ecosystem utility and community engagement rather than speculative financial metrics.
As a utility token within a dynamic NFT ecosystem, BANANA carries several inherent risks that users should be aware of, especially given its explicit designation as 'not an investment' and holding 'no economic value'.
Users should carefully consider these risks and align their engagement with BANANA with its stated purpose as a utility token for ecosystem participation, rather than as a financial investment.
The provided data for BANANA offers a foundational understanding but has significant gaps, which limits the confidence in a comprehensive market analysis.
What was provided:
What is missing:
How missing data limits confidence:
The absence of market capitalization and 24-hour trading volume significantly limits the ability to assess BANANA's market size, liquidity, and overall investor interest. Without these metrics, it's challenging to gauge how easily BANANA can be bought or sold without impacting its price, which is a critical factor for any market participant. The lack of network details prevents verification of the token's authenticity and understanding its technical foundation. Comprehensive historical data would allow for more robust trend analysis and volatility assessment.
What to verify next:
Estimate your potential BANANA generation based on the number of Genesis Kongz NFTs you hold.
Note: This calculator is for illustrative purposes only and assumes a consistent generation rate of 10 BANANA per Genesis Kongz per day. Actual generation may vary based on ecosystem rules or changes.
Daily BANANA Generation: 10
Weekly BANANA Generation: 70
Monthly BANANA Generation: 300
BANANA is a utility token central to the CyberKongz NFT ecosystem, enabling core functions like NFT creation, customization, gaming, and governance. It was launched in March 2021 as a key tokenomic feature for the CyberKongz universe. Explicitly stated as 'not an investment' and holding 'no economic value', BANANA's purpose is purely to facilitate activities within its digital world. Its market behavior is closely tied to the health and activity of the CyberKongz project and broader NFT trends.
While direct comparisons for utility tokens can be complex, especially given BANANA's explicit non-investment status, examining assets from similar categories can provide context. The provided data suggests Taroverse, ShibKiller, and Functionland as comparable assets. These are likely tokens associated with specific digital ecosystems, metaverses, or decentralized applications.
Examples of Related Assets:
When considering these or other related assets, it is crucial to investigate their specific utility, the health and activity of their associated ecosystems, their tokenomics, and any explicit disclaimers regarding their investment status. For utility tokens like BANANA, the most meaningful comparisons often revolve around the vibrancy of their underlying community and the depth of their functional integration.