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Here’s Why This Top Analyst Expects Band Protocol (BAND) to Reach New Highs

Band Protocol was an early winner in the DeFi craze, posting massive gains throughout August based on a combination of hype for oracle tokens, integration news, and exchange listings. This allowed it to surge from the lower-$2.00 region to highs of $18.00 – marking a massive rise that came about early on in the course of the ongoing DeFi bull market. Although the cryptocurrency’s momentum has since stalled, analysts are now noting that it may be well-positioned to see significantly further upside in the near-term. There are a variety of factors that support this notion, including a recently announced partnership…

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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’s Strong Uptrend Backed by 42% Surge in Unique Addresses

BAND – the token associated with Band Protocol’s decentralized oracle network – has been one of the best performing digital assets in recent weeks, surging by 32x since the start of the year. A good portion of these gains have come about over the past few days, with the token’s uptrend turning parabolic after news broke of it being listed on Coinbase Pro. This coveted listing coupled with a massive surge in integrations has fueled its uptrend. This price growth hasn’t been fleeting or unwarranted either, as the cryptocurrency has been able to maintain its recent gains despite facing heavy…

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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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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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DeFi Crypto BAND Explodes 384% QTD on Booming Adoption

BAND, the native token of the Band Protocol, rose by as much as 384 percent in the third quarter. The supersonic price rally appeared amid the ongoing DeFi craze – and also following Band’s growth-oriented partnerships. Nevertheless, the BAND/USD pair stands overbought, which points to an imminent downside correction ahead. An explosive buying spree in the DeFi sector has sent one of its tokens up by 384 percent on a quarter-to-date (QTD) timeframe. Dubbed as BAND, the cryptocurrency is a native asset of Band Protocol, a decentralized oracle that serves as a layer-2 protocol on public blockchains. On July 20,…

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Will Band Protocol’s Over 30% Correction Lead To A Blow Off Top?

A new breakout cryptocurrency all-star following in the footsteps of Chainlink has been on an insane over 380% rally over the last three weeks alone. But what goes up, must come down, and the over 30% correction in Band protocol may result in a blow of top. Here’s why. Decentralized Oracle Hype Sends Leading Crypto Altcoins Soaring The cryptocurrency market is a speculative asset class where valuations are driven by hype. Supply and demand come into play, but with crypto, irrational exuberance or extreme fear far outweigh normal market dynamics. When assets are trending, they often perform a lot better…

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What’s Behind Band Protocol’s Spectacular One-Month 300% Pump?

Its alt season and that means nearly every passing day a new altcoin is taking center stage and providing investors with wild returns. Over the last several weeks, the story has been focused on the unstoppable altcoin Chainlink. But now, things have turned toward another decentralized oracle solution, called Band protocol. Band has pumped since the start of July by well over 300% and is still soaring. What’s behind the crypto asset’s spectacular single-month surge? Band Practice: Was Chainlink Just Clearing The Way For a New Oracle Protocol? Altcoins everywhere are booming. Bitcoin dominance falling from recent highs has left…

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