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Oracle Projects Surge in Value: Weekly Stats Show LINK, Band, DIA, API3 Captured 2-Digit Gains

Following the boom of non-fungible tokens (NFT) tied to NFT marketplaces and tools, oracle-based tokens are now seeing their valuations rise. During the last seven days, a number of oracle tokens have seen steep gains between 7% to even 45%. Oracles Token Projects See Seven Day Gains Jump Not too long ago, tokens associated with NFT markets and tools saw prices soar amid the non-fungible token hype. Just recently, Bitcoin.com’s newsdesk reported on the decline in NFT sales and NFT interest has dropped in recent times as well. Following the NFT-related pump, a great number of oracle protocol tokens are…

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DeFi oracles, explained

Oracles have played a major role in the huge growth of the DeFi ecosystem observed in 2020. What are the most popular DeFi protocols running oracles? Open lending/borrowing protocols such as MakerDAO, Compound, Uniswap and Aave use oracles to fetch external data while running on the Ethereum blockchain. MakerDAO is among the most popular DeFi open lending protocols, and its Dai token is pegged to the U.S. dollar and backed by crypto assets. MakerDAO utilizes an oracles module to determine the real-time price of assets. The module is composed of whitelisted addresses of oracles and an aggregator contract. The oracles…

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Band Protocol (BAND) Forms Notable Sell Signal… Twice

After falling under $10 just a week or two ago, Band Protocol (BAND) has bounced back. The coin traded as high as $17 just on Tuesday after a notable partnership was announcement. BAND was also benefiting from an influx of capital into the digital asset markets, which pushed BTC in itself up around 4%. The leading cryptocurrency may be poised to reverse after an extremely strong rally. According to a Telegram channel for traders, the coin printed a notable sell signal. This signal could lead to a downside correction for Band, which is up exponentially in the past two months.…

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Superstar Altcoin Band To Snap Back After Lower High Is Set

Following in the flaming hot footsteps of Chainlink, its closest competitor, fellow decentralized oracle solution Band Protocol had an incredible few month rally. The asset shot up to set a new all-time high, rising several hundred percent along the way. But after such a powerful and rapid rise, an elastic band effect could send the superstar altcoin snapping back toward a lower low, now that a lower high as been set on daily timeframes. Band Protocol Readies Reversal According To TD Sequential, Lower High May Mark Top For as hot as the Ethereum-based DeFi tokens have been, they couldn’t hold…

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Band Protocol To Work With TRON And Create On-Chain DeFi Oracles

Band protocol to work with TRON on a new on-chain DeFi oracle solution which will make third-party developers able to utilize BAND’s oracle solution and to obtain tamper-proof price feeds and data sources as we are reading more in the TRON TRX news today. Reliable oracles are one of the main capabilities for a blockchain to acquire because they extend the utility of the sort of applications that can be built. The new partnership comes at a good time for both projects so Band Protocol to work with TRON means a secured Coinbase listing and an integration with the Binance…

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TRON Strategically Partners With Band Protocol For Scalable Oracle Technology & Extensive Integrations

TRON Network, one of the largest blockchain-based operating systems in the world, has strategically partnered and completed integration with Band Protocol to bring secure and verified decentralized oracles to power its rapidly growing DeFi and decentralized application space. Both teams are solving the blockchain scalability issue and have joined forces to bring high-throughput, customizable, and Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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CoinMarketCap Launches Crypto Educational Program That Rewards in BAND Tokens

Today, Aug 12, CoinMarketCap (CMC)—a website that tracks the performance of different digital assets, announced a program that will see learners in select jurisdictions earn cryptocurrencies by completing educational tasks. For a limited period, CMC users will learn about the oracle problem and how solutions presented by the Band Protocol helps power the open finance, orRead MoreRead More. The post by Dalmas Ngetich appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Five Signs That BAND’s 30$ Correction Is At The Start

There are five signs that can clearly show how Band Protocol’s BAND token and its correction of about 30% is only beginning so let’s find out more in the upcoming altcoin news today. Band Protocol is one of the few best-performing crypto assets behind Chainlink. The altcoin increased by 300% month to date but had a 15% correction that started overnight. In today’s news, we will talk about the five signs that can show how the correction can only be at the beginning. The cryptocurrency market is on fire currently with almost every asset posting major gains in the past…

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Details by On-Chain Data About Band Protocol’s 30% Fall

Band Protocol (BAND) has been gathering exceptional attention over the former few weeks due to its strong rally that sent it from the lower-$4.00 region in early-August to highs of nearly $18.00 that were set prior in this week. The cryptocurrency is present-day, facing an influx of selling pressure as its vastly profitable investors begin taking profits. A dive into BAND’s on-chain data, nevertheless, it recommends that the cryptocurrency is now trading just overhead a superior sustenance level that may bolster its near-term outlook. That being held, it still faces some hefty resistance around $14.00 that may be problematic for…

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Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH

BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were $167.4 million. BAND’s surging price follows a flurry of new partnerships or integration announcements. The flow of positive news about the protocol climaxed with the listing of the token on Houbi August 9, a few days after another listing on Coinbase. Before the Huobi listing,…

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Laws Of Parabola Suggest Surging BAND Crypto At Risk Of Deep Correction

Band protocol may be following in Chainlink’s fiery footsteps, rising nearly 9000% in the last few months. The crypto altcoin has gone fully parabolic, which has rewarded early investors handsomely. However, when parabolic advances break down, they often correct by 80% or more. Is the altcoin headed towards a deep correction, or will the asset simply keep on climbing? Top Crypto Asset Go Parabolic, Past Data Suggests Risk Of Correction Increases By The Day What goes up, must come down. The bigger they are, the harder they fall. So many idioms created just to reference that anything growing beyond acceptable…

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Bitcoin, Ether, and XRP Weekly Market Update August 10, 2020

The total crypto market cap added $24.5 billion to its value for the last seven days and now stands at $364.2 billion. The top 10 currencies were all in green for the same period with ChainLink (LINK) leading the group with 64.5 percent of increase respectively. By the time of writing bitcoin (BTC) is tradingRead MoreRead More. The post by Georgi Hristov appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Key Comparison Shows BAND Has Lot Of Room Left To Grow

The key comparison data shows that Band Protocol (BAND) has still a lot of room left to grow as it becomes one of the best Defi coins with news of integrations on Coinbase Pro that ended up sending the price to a new all-time high as we are reading more in the altcoin news. The cryptocurrency was able to hold most of the gains and amassed a $162 million market cap as a result. One of the major competitors at the moment is Chainlink which was caught in the strong uptrend movements. The key comparison of the two assets market…

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Oracle Tokens Continue Rallying Even as Bitcoin Uptrend Pauses

Oracle tokens LINK and BAND continues heading higher despite a bearish correction phase in the rest of the crypto market. The rallies show traders’ growing speculation of the DeFi cryptocurrencies. On a day when the cryptocurrency market is correcting lower, two Oracle tokens have moved in the opposite direction. Decentralized Finance’s top assets–Chainlink’s LINK and Band Protocol’s BAND–grew higher on Friday and continued their uptrend into the early weekend session. The BAND/USD exchange rate, for instance, logged a 21 percent rally in the last 24 hours. LINK/USD, on the other hand, surged with a dwarfed 6 percent within the same…

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KAVA, ERD, and BAND See 10x Moves: Why are Binance IEOs Outperforming the Market?

The crypto market is booming again, with each passing day a new token is doing another ’10x’ and making early investors rich. The latest coins in the limelight, all happen to be Binance IEOs: Kava (KAVA), Elrond (ERD), and Band Protocol (BAND). Why are Binance IEOs suddenly outperforming the rest of the market? Also, will this craze continue, and if so, which token will rally next? Binance IEOs Stagnant Since Launch Are Suddenly Soaring, But Why? During the 2017 crypto bubble, alongside Bitcoin’s meteoric rise, the ICO boom helped Ethereum explode and created an industry filled with altcoins. Most of…

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BAND Price Doubles on Coinbase Listing Hype; What’s Next?

BAND, the native token of a decentralized oracle of the same name, surged by up to 100 percent this week. The rally appeared in the days leading up to BAND’s listing on Coinbase Pro, a US-based crypto trading platform. Nevertheless, the DeFi token now stands overbought according to its technical positioning. It ensures an imminent downside correction. BAND, a decentralized finance token, doubled its market valuation in just four days of 24/7 trading. The 68th largest cryptocurrency by market capitalization surged from as low as $3.81 on Monday to as high as $8.08 on Thursday. The massive move made it…

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Band Protocol Sees Huge Growth After Coinbase Pro Listing

BAND’s Band protocol sees huge growth after major oracle integration and the Coinbase Pro listing, which reflected in its soaring price as we are reading more in the latest altcoin news today. Band Protocol sees tremendous growth in the past few months as the latest integration secured by the protocol is with Elrond, the blockchain platform which will now be using Band oracles to provide data streams and improved scalability to the ecosystem. The goal of the partnership is to make decentralized applications existing within the Elrond ecosystem and to make them even more reliable and secure. Both of the…

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Chainlink Competitor Band Protocol (BAND) Surges 45% In 5 Minutes: Here’s Why

It seems that the days of explosive crypto gains are back. In the span of about five minutes, Band Protocol (BAND) gained approximately 45% against the U.S. dollar as buying volume surged. The chart below is from Alex Kruger, an analyst in the cryptocurrency space. It shows that the asset jumped from the $5.40 high it was trading at towards a local high of about $7.91 within the span of one four-hour candle. Chart of BAND's recent price action from Alex Kruger. Chart originally from Binance. According to data from TradingView.com, a majority of the gains of the surge were…

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BAND Price Explodes 31% as Bitcoin Corrects Lower; What’s Next?

BAND, the native asset of a decentralized oracle of the same name, surged by up to 31 percent on Tuesday. The explosive rally followed a five-day losing streak that saw BAND/USD exchange rate falling from its all-time high at $5.259 to as low as $2.825. It also came as Bitcoin plunged modestly from its year-to-date top following a three-day price rally. An explosive price rally Tuesday pushed the BAND price up by as much as 31 percent. The oracle token established an intraday high at $4.336 as traders sought safety against a corrective Bitcoin market. Nevertheless, it failed to hold…

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Major Chainlink Competitor Band Protocol Partners With ICON Network

One major Chainlink competitor, the Sequoia Capital oracle project Band Protocol, has just announced a new partnership with the ICON network, as we found out in one of the best cryptocurrency news sites- DC Forecasts. Over the past few weeks, crypto investors were mostly focusing on a select set of market players including Cardano (ADA) and Chainlink (LINK). These two altcoins, as per the Cardano ADA news, were reaching the top of the leaderboard and gained hundreds of percent in just a few months. But there were other projects that were quite successful as well. The major Chainlink competitor Band…

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