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Band Protocol Price Prediction

An up-to-date Band Protocol price prediction for 2022, 2023, 2024, 2025, 2030. Wondering what is the future of BAND price? Find out Band Protocol price forecast with historical, fundamental and technical analysis.
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Band Protocol Fundamental Analysis

Project name
Band Protocol
Stock Symbol
BAND
Current Price
1.2137572
Current Supply
100000000

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.

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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.

Band Protocol Price Prediction for 2022

As for Band Protocol price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects a downturn towards $1.043831, and WalletInvestor echoes with ~$0.764667 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about Band Protocol’s future price, citing upwards of $1.784223 in December.
Potential ROI: -1% Sell

Band Protocol Price Prediction for 2023

In their Band Protocol price predictions for 2023, TradingBeast’s forecasts the coin’s price to go above $1.231721 by December. Forecasting Band Protocol's future, PricePrediction.net expects further growth, too, saying the Band Protocol price will reach ~$1.772086 by that time. On the contrary, WalletInvestor keeps predicting Band Protocol price decline, quoting prices around ~$0.546191 in 2023.
Potential ROI: -3% Sell

Band Protocol Price Prediction for 2024

Band Protocol price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $0.594741–$0.911473 range (WalletInvestor, TradingBeast), while PricePrediction.net takes a different view and cites the possibility of the price reaching $1.577884 in December 2024.
Potential ROI: -15% Sell

Band Protocol Price Prediction for 2025

PricePrediction.net has only pessimism in store for the 2025 Band Protocol price prediction, valuing Band Protocol at $1.116657 by the end of 2025. TradingBeast agrees with a negative forecast and predicts, in turn, $1.029965 for the same period. On the other hand, WalletInvestor’s team is more optimistic — their Band Protocol price prediction for December of this year is just $1.808498.
Potential ROI: 9% Buy

Band Protocol Price Prediction for 2030

Speaking of long-term Band Protocol price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Band Protocol price will grow further and eventually reach $1.235958 by the end of the decade. PricePrediction.net’s price prediction for Band Protocol echoes with the projection of an uptrend to $2.014837. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.619016.
Potential ROI: 6% Buy
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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.

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