Band protocol the new competitor of Chainlink, which is based on decentralized oracle using delegated proof of stake i.e. dPoS to bring data integrity, as Band coin continuously making headline since last week after putting awesome performance in April 2020, as on 1st April it was trading at $0.28 USD and now after almost 1 month with crossing $1 USD mark, it is trading at price $1.29 USD with 360.7% hike rate, as reported by coinmarketcap.com last day Band was almost has $19 million worth market cap.
In less than 24 hours Band Protocol ranking surge by 30 position and if they manage to maintain same growth rate then in 2 weeks we are going to see this cryptocurrency in the top 100 list, as there are lots of question arises after this tremendous performance, so below we are going to discuss about how high Band Coin can go up and what will the Future Price Prediction.
Band Protocol Price Prediction
|Month & Year||BAND Price Prediction|
Band Protocol Overview
|Project name||Band Protocol|
|Based on||Oracle Decentralized Blockchain|
|All-time high||$1.28 USD|
|Exchange Platform||Binance, Bilaxy, Folgory, Dcoin, Bitmax, CoinDCX, WazirX, Uniswap, Kyber Network, IDEX|
BAND Token ICO Overview
|Raised by||$10,850,000 USD|
|Date of ICO||17 september 2019|
|ICO Price||$0.47 USD|
|Partners||BetProtocol, Neutrino, Waves, WoodStock, Frontier, Celo Comp, wanchai, Finnexus, Node Team, HashQuark, Castlenode, kardiachain, We Staking, Figment network, Forbole, infostones, B-Harvest, Kyber network, stakewith.us, Chorus, cosmosation, Kava, Fantom, airswap, bZx, The Graph, Troy, Incognito, desquare, 2Key, Portal network, tomochain, Elrond, Certik,|
Band Protocol Price Analysis
In last 7 days Brand price changed almost by 77% and unstoppable since last one month, as first milestone they already achieved in just 8 months, so possible reason why Band going up is may be because their frequent partnership announcement with big companies, as recently they became partners with Atomic wallet, HashQuark, CASTLENODE, Kardiachain, We Staking, Figment Network, Forbole, Infstones, B-harvest, , Stakewith, Chorus, Stake-fish, Cosmos, Kava, Fantom, Airswap, bZx and more going to added soon, as before Chainlink Band protocol is able to joins hand with Tezos, as we know right now as per market cap worth, Tezos in on no. 10th position, so does Chainlink few days back also join with Tezos and competition is continued, as price, ranking and market cap and age is plus factor chainlink, but consider Oracle market Band also makes it to top position for sure.
As considering upcoming Bitcoin Halving and Ethereum 2.0 is on the way of execution, where there is huge possibility to explode cryptocurrency market and as along with Bitcoin other cryptocurrencies will started going on the moon, as Band Protocol is based on ERC-20 token, so this things also beneficial to them, as looking at performance of last 7 months of Band which was not great in 2019, but considering this year performance and number of partnership they are putting in this 2020 will going help with showing steady daily market cap addition and growing price, so consider that impact will work till august and then set prediction where Band protocol goes down with more than 100% and then again have steady run in the graph.
Most expected figure for Band Protocol in 2021 year will be $5 USD and somewhere in Q2 to Q3 2021 there are small possibility to be there, as in 2020 most of most awaited achievement and partnership, if Band somehow able to enter into top 50 list then, $5 USD will be the easy target to reach.
There are 4 key aspect Band protocol is considering most in which there will be decentralized Economic incentive, using this data provider will have reputation at stake and economic to remain honest. The 2nd thing is to adding scalability to network so can value for data provider remain steady on how many dapps are using their data and also one data-point added in on-chain then without paying any cost smart contract will consume data. Then 3rd point is to have fast data query means there is no need of blockchain confirmation and one login can processed in single transaction, and at last Easy Deployment, as in most of network integration of dApp is hard to connect respective blockchain, so in that on few line of code will enough to integrate dApps with Band Protocol.
The first ICO was schedule in August to October 2018 with price $0.30 USD, after this sale Band raised by almost $2 million and then sales are continue with total 17% of distribution of coin, as in last ICO which was ended in September 2019 record price was $0.48 USD and raised to $10.8 million USD, so people who HOLD till today i.e. 1 may 2020 got over 300% ROI, but people who sold in 2020 got negative ROI and that was big mistake, as per current situation of ICO investor need to wait for at least more than 4 to 5 months to get maximum ROI, as in some cases you can get max profit in less than 1 month.
The main aim of Band protocol is to create permissionless blockchain protocol and that can create token curated entities, as every entity will be distributed to different communities, so this community token will cover different topic and delivered reliable set of data with community. So basically this network will connect you real-time information, any open source API.
So, talking about competition chainlink has more than 50 partnership including Google Clouds, Credits, Matic, Hedera and more and they also working with Binance Chain so right now, Band should focus on bringing more crypto partner and also big Oracle consumer in market. as in the addition to providing secure data, the CEO Soravis Srinawakoon of Band Protocol quoted “without trusted input from off-chain data, the dApp development will remain limited and stunted” and this very important that developer should use right tool.
This project was started with using Ethereum Blockchain and with integration of Cosmos and EOS network and now in Q3 2030 all token will be migrate to Bandchain.
Band Protocol FAQ
How much Band worth in 2030?
Ans: $25 USD (Expected)
When will Band Coin Cross $10 USD?
Ans: may be in 2024.
Will Band Protocol Reach $100 USD?
Ans: maybe in 2050.
Band Protocol is unstoppable as they established huge partnership with different crypto project and gaining consistent market cap volume. Bank currently focusing on provider feed trusted price data for DeFi along with oracle, where user can create their dApps, however price data is fetching from cryptocompare, Coinmarketcap and coingeko i.e. most popular crypto market portal.