< Back

Band Protocol Price Prediction

An up-to-date Band Protocol price prediction for 2021, 2023, 2025. Wondering what is the future of BAND price? Find out Band Protocol price forecast with historical, fundamental and technical analysis.
Swap Tracker

Band Protocol Fundamental Analysis

Project name
Band Protocol
Stock Symbol
BAND
Curr. Price
8.679
Curr. Supply/Total Supply
100000000
ROI Since Launch
No Data
Launch Date
No Data

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

Despite the fact that 100% accurate technical analysis for Band Protocol cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated BAND buy-and-sell rating for selected timeframe. The summary for BAND/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Band Protocol Price Prediction

Below we have collected the most reliable price projections for Band Protocol (BAND) from popular forecast platforms.

#1. WalletInvestor BAND Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Band Protocol price will drop from $8.679 to $6.700 in one year. That makes BAND an bad investment. The long-term earning potential is -22.80%.

#2. TradingBeasts BAND Price Prediction for 2022

Answering the question about if Band Protocol is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $8.33040 with a reduction to $10.07708 by the end of 2022.

#3. DigitalCoin BAND Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Band Protocol cryptocurrency will rise in the next 5 years starting from $8.8366405 as of today’s price to $32.4232336. It will go up to $13.1871506 by 2022 and starts its reduction in 2023-2024. Based on this forecast, Band Protocol is a profitable long-term investment.
Best fiat-to-crypto offers
usd
usd
btc
btc
Buy crypto Buy crypto

Summary

As it can be clear from the analysis cited above, Band Protocol (BAND) projections are rather contradictory. There is no universal consensus either about positive or negative future BAND price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Band Protocol projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 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.


Aspire Price Prediction

Aspire Price Prediction

Read more
Effect.AI Price Prediction

Effect.AI Price Prediction

Read more
Clover Finance Price Prediction: When Will Clover Finance Hit $5?

Clover Finance Price Prediction: When Will Clover Finance Hit $5?

Read more

Exchange Band Protocol

This pair is not available for exchange

More About Band Protocol