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Band Protocol Price Prediction

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Jan 11, 2023
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5 min read
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This blog post will cover:

  • BAND Statistics
  • Band Protocol Roadmap
  • Crypto community about BAND
  • BAND Price Prediction
  • BAND Price Prediction 2024
  • BAND Price Prediction 2025
  • BAND Historical Price Analysis
  • Conclusion

Band Protocol is a cross-chain data oracle. It was created in 2017 by Soravis Srinawakoon, the CEO, Paul Nattapatsiri, the CPO and Sorawit Suriyakarn, the CTO. The concept combines and attaches actual data and APIs right to smart contracts. The protocol is based on BandChain, a Cosmos-SDK creature. As central features, we can highlight compatibility with various smart contracts and blockchain frameworks, high speed, adaptability and also data flexibility.

BAND is a native token meant for different purposes including rewarding people for generation of new blocks, bonding tokens to turn into a validator, getting interest from fees and, of course, joining the governance.

BAND Statistics

Price prediction at 02.03.2023:
BAND price: $2.187378345787542
Market capitalization: $268011963.8142431
Volume (24h): $48841820.03737122
Circulating supply: 122526569 BAND
Total supply: 129302157.4 BAND

Band Protocol Roadmap

The relevant roadmap shows four development stages. Phase 0 is already finished. It contains the start of BandChain and the switch of BAND from Ethereum to BandChain.

It’s interesting how the names for each phase were chosen. All of them link to Chinese culture and mythology. The 1st step is called Guan Yu. It covers the issue of Oracle-WASM, and maintains Data Oracle Scripts and IBC to Cosmos and EVM-based blockchains.

Phase number two is called Laozi and it’s still in progress now. Currently, the devs are working to support querying data sources and improve compatibility with multiple blockchains.

And at last, if we peek into the future, we will see that phase 3 is all about supporting more payment methods, adding p2p authentication, and publishing a standard for smart contract interworking with Enterprise software.

Crypto community about BAND

The crypto community shares its opinion on Band Protocol via social networks including Twitter and Telegram:

Some users are keeping an eye on the price. They’re happy with the uptrend that is occurring now.

A quick note. What is really nice about the team and Telegram moderators — they do mind the chat atmosphere, always answer the questions and do a great community management job.

Many Tweets mention that the project is underrated and it’s worth more attention from the crypto community.

However, nothing is perfect and Band Protocol surely has got followers that lost their belief in the project and are upset about the price situation. That is completely fine because any crypto project faces both supporters and haters.

BAND Price Prediction

Price prediction at 02.03.2023:
Average BAND price 2023: $4.512727272727272
Average year-end BAND price expected: $ 4.3

BAND Price Prediction 2024

As for July 04, 2022:

The forecast of Tradingbeasts.com gives us these numbers: $1.41 in January and $1.95 in December. We have checked out Digitalcoinprice.com for a prediction. Here is the average price for 2024: $1.79.

BAND Price Prediction 2025

As for July 04, 2022:

The last prediction from Tradingbeasts.com for 2025 is $2.50 for a BAND token. Let’s take a look at Digitalcoinprice.com. The average cost is $2.36 in 2025 and $6.63 in 2031.

BAND Historical Price Analysis

As for July 04, 2022:

All-Time High (Apr 15, 2021): $23.19


All-Time Low (Nov 25, 2019): $0.2042

Let’s take a look at the historical cost of BAND. Coinmarketcap says that the all-time high happened on April 15, 2021. Back then, the value was $23 and this became the absolute record of these tokens. The all-time low took place earlier in 2019.

Nowadays, the whole picture of the BAND value graph looks pretty good with its own ups and downs. As the crypto market is facing a difficult situation, many young projects survive through rough times.

On April 3, 2022 we can see the little upward spike could be caused by the different partnerships and listings the Band Protocol was involved in.

The earlier uptrend continued for a long time from January 1, 2021 till May 5, 2021. Hopefully, the BAND token will experience a new upward movement on the market.

Conclusion

Band Protocol’s mission is to be faster and more effective than most of its competitors. The fact that it’s compatible with a big variety of blockchain and smart contract frameworks. It guarantees that trustworthy information is ready to be fed to and from several various blockchains.

The mission of the project is to give permissionless oracle generation providing users with an opportunity to start maintaining data requests. In addition, it delivers effortless smart contract assimilation that allows devs to begin utilizing data from Band Protocol oracles with a few lines of code via calling on a prearranged interface.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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