Exchange Your Crypto Now
What Is the Band Protocol Price Prediction Today
AT A GLANCE
- In 2024, Band Protocol price is expected to reach $3.175, according to some experts
- 2025 promises to be turbulent, with prices ranging from $0.1014 to $1.2357700223054442, with WalletInvestor predicting Band Protocol hitting a low at $0.1014
- By 2030, BAND price can hit $3.175
Band Protocol Fundamental Analysis
Band Protocol (BAND) is a token powering the eponymous network, built on an independent blockchain (BandChain) to provide blockchain-agnostic oracle services. Band Protocol was founded in 2017, and the BAND token became available for public trading in September 2019 through an IEO.
Band Protocol is designed to solve the same problem as all the blockchain oracles, which is the lack of access to the real-world data on the blockchain. There’s a growing demand for this kind of data following the expansion of the DeFi space, as well as the popularity of dApps in general, since staying inside the closed system of blockchain severely limits their use cases. Using oracles to bring this data to the chain carries its own problems, though: as a “middleman” layer, an oracle may slow down dApps using it or even become a point of security failure. Band Protocol overcomes speed and scalability issues by using its own blockchain to handle data requests in combination with Cosmos-developed Inter-Blockchain Communication Protocol (IBC), which brings the results to any blockchain for further use. The network is secured by a Byzantine fault tolerance (BFT) mechanism and Delegated Proof-of-Stake (dPoS) consensus protocol as an additional safety boost. Users must stake their BAND tokens to become validators to earn rewards, or they may delegate their tokens to an existing validator. The token is also used for governance.
Band Protocol Live Price Chart
In the first months following its launch in September 2019, the BAND token wasn’t making a big splash on the market, being traded below $0.5 until April 2020. The price then started climbing very slowly, by June getting to around $1.5. In July, as the DeFi boom started gathering momentum, it jumped to ~$3.5–$4, but the Band Protocol token’s real breakthrough happened in August after its Coinbase listing when the price soared above $15. In the fall of 2020 Band Protocol experienced a hard correction, falling to ~$7 and later dipping even further, sometimes below $5. BAND’s price started rising again at the beginning of 2021, getting up to $10 in January. Band Protocol continued its growth even further, to an all-time high of $23.19, in April, likely as a result of a combination of new big-name partnerships, for example, with Binance Smart Chain and even with Google Cloud, and the general mood on the market. Notably, after a dip as the market crashed in mid-April, Band Protocol’s price jumped up again almost to $20 in May. In the summer, however, BAND’s price corrected again, getting down to ~$5.5 by mid-July.
Band Protocol Technical Analysis
Exchange Your Crypto Now
Band Protocol Price Prediction
Band Protocol Price Predictions Summary
Band Protocol Price Prediction for 2024
Band Protocol Price Prediction for 2025
Band Protocol Price Prediction for 2026
Band Protocol Price Prediction for 2027
Band Protocol Price Prediction for 2030
Author
Summary
About SwapSpace
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 1850 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.Exchange Your Crypto Now