The advent of cryptocurrencies came as a revolution no one was expecting. Since then, the number of crypto investors and traders has been growing at an unprecedented pace. Consequently, the number of crypto exchanges and other platforms offering crypto services has increased significantly.
This is a telltale sign that cryptocurrencies are here to stay for the long haul. Of course, this was only possible because of the profitable nature of the crypto industry. Many people from different regions across the globe have made off their crypto investments.
But great returns never come without the same level of risk. This is evident when you analyze the volatile nature of the crypto market, where even a mere Tweet can influence the valuation of a token. As a result, due diligence becomes very important here because making crypto investments without understanding the market is just foolish.
Before you invest in any token, you need to understand the ins and outs of the token, its past performance, price predictions for the near and far future, and more. This, of course, requires a lot of effort and research. But we are here to take this burden off your shoulders.
This article will give you a deep analysis of the Band Protocol and Band (BAND) coin. Be it the history or the future of the Band (BAND) coin, this article has all the information you need to make an informed decision. So continue reading to understand the Band (BAND) coin better.
Band (BAND) At a Glance
|Project Name||Band Protocol|
|BAND Market Cap||$55,976,510 USD|
|Current Supply||35,191,821 BAND Coins|
|Circulating Supply||35,191,821 BAND Coins|
|Current Price (As of July 1st week)||$1.59|
|All-time High Rate||$22.83|
Band Protocol (BAND): Overview
Band protocol differs from what people generally use in the crypto market. This interchain data oracle platform yields the potential to extract data from the real world and provide the same to the apps on the chain. Band Protocol can also link with APIs and smart contracts to facilitate seamless data transfer between on-chain and off-chain data sources.
This allows developers to leverage different sorts of data from the real world and enhance the logic of their decentralized application (DApp). This can be anything from random numbers, price feed data, sports, weather, etc. Band Protocol makes all that possible by providing verifiable and reliable data to blockchains.
Band Protocol intends to leverage Cosmos's Inter Blockchain Communication (IBC) protocol to facilitate data transfer across different chains. But there is still no confirmation about when the IBC will become operational.
Band Protocol comes with a distinct permissionless oracle creation feature that allows you to start data requests without hassle. Besides that, you also get a simple, smart contract integration that will enable programmers to make the most of information available from Band Protocol oracles. You can do so with a couple of lines of code by invoking a predefined interface.
Even better, every smart contract ecosystem and blockchain development network is compatible with the platform. With Band Protocol, you need not drop a sweat over a task that requires your labor. This means everything from generating data from external sources to compiling and packaging is managed with an unmatched decentralization approach.
BAND Token Fundamental Value
As with almost every other crypto protocol in the market, even Band Protocol has its native token called the Band (BAND) coin. Operating on the ERC-20 network, there is no question about Band (BAND) coin's credibility and reliability. The coin has a total market capitalization of $55,908,784 and a circulating supply of 35,191,821.00 BAND.
Many people have invested in the Band (BAND) coin taking its value even higher and allowing everyone to amplify their returns. In addition, the coin’s protocol has witnessed a notable growth of 6.08% in the last 24 hours. These figures indicate that investing in Band (BAND) coins is a great prospect. But besides all these calculations, the coin also holds other fundamental values in ways that include:
- Validator Node: Band Protocol allows validators to provision new blocks and process different transactions. In exchange, they are rewarded with Band (BAND) coins newly minted in the block. On the contrary, the reward for processing the transactions comes from the fee predetermined by different validators on the platform.
- Staking: Not everyone wants to become a validator on the platform. But there are no worries because Band has something for them as well. They can become delegators who delegate their tokens to the validators on the network. As a result, they can earn rewards based on validators' rewards.
- Governance Of The Chain: Band Protocol is decentralized where every individual can have their voice heard as long as they have enough Band (BAND) coin holdings. With sufficient holdings, traders and investors can be a part of the decision-making body of the network. This gives them the power to shape the future of the network in a manner that benefits everyone with Band (BAND) coins.
These pointers make it evident that Band (BAND) coin does hold fundamental value in many ways. Now that you have a general idea of the fundamentals of the Band (BAND) coin, it is time to dive deeper. So continue reading to understand Band (BAND) coin's performance up until now.
BAND Token Price History & Overview
Band (BAND) coin entered the crypto market in September 2019 at an initial value of just $0.63. This was also paired with a trading volume of $21 million. Many crypto watchers quickly started noting the crypto's journey since then, with many ups and downs.
However, 2019 was not a very exciting year for Band (BAND) coin as its price remained more or less the same throughout the remainder of the year. As a result, the coin could not cross the $1 threshold in 2019. But things changed for the good in 2020, with the coin's price increasing gradually and reaching new heights with the growing popularity of cryptocurrencies. The big change came on the 1st of May 2020 when the token finally reached the price of $1. The token was hence traded at $1.04 with an impressive trading volume of $21 million.
This was an excellent time for owning Band (BAND) coins as their prices continued to soar, soon reaching their all-time high value on the 23rd of July 2020. Its prices shot up to $4.56 and a trading volume of $30.6 million.
Things began to improve further when on the 10th of August 2020, the token finally crossed the $10 threshold, with its prices reaching a new high of $14.91. The trading volume of the Band (BAND) coin at that time was over $200 million, allowing it to set new records. 2020 was an excellent year for Band (BAND) coin as its prices continued to grow further in September of that year reaching $16.89 and a trading volume of $179 million.
But things took a turn for the worse, with Band (BAND) coin's prices reaching a low of $6.98 with a trading volume of $146 million the same month of the same year. 2021 was here, and 'Band (BAND) coins prices were relatively stable under the threshold of $10. However, it crossed the $10 threshold on the 16th of January 2021, with its prices reaching up to $10.47 with a trading volume of $363 million.
Following this, the Band (BAND) coin began to get into the growth momentum, teaching a price of $18.70 on the 13th of February 2021 with a trading volume of $633 million. Unfortunately, the token was hit again in the middle of the year, with its prices dropping to $6.81 on the 30th of May 2021. This decline continued further, with the coin's prices reaching a new low of $4.82 with a trading volume of just $25 million.
But prices further increased in the September of 2021, reaching a value of $10.57 with a trading volume of $52.6 million. This also marked the last time when the token would cross the $10 threshold. Its prices reached a low of $5.12 as of December 2021. Currently, the price for one Band (BAND) coin is $1.503, with a 24-hour trading volume of $14,939,576. The token has grown 6.08% in the past 24 hours as of July 2022. The live market capitalization of Band (BAND) coins stands at $55,976,510 and a circulating supply of 35,191,821 Band (BAND) coins.
BAND Token Price Forecast
Band Protocol is a relatively distinct offering in the crypto industry with its Cosmos blockchain. Consequently, the platform has many unique offerings that set it apart from most other crypto platforms currently available in the market. Since its launch in 2019, the Band (BAND) coin has presented lucrative growth opportunities to crypto traders. Yet every investor needs analysis before investing their money in any token.
With that said, Band (BAND) coin analysis is divided into two different categories. This includes a technical look into the token and fundamental analysis. So let's get started without any further ado.
It is no secret that the 12th of May 2022 was very significant for the crypto industry, with the fear of crypto crashing looming over investors. Nonetheless, even bad times don't last forever, and the market shows great signs of recovery. For example, the Band (BAND) coin shows signs of growth through its 6.08% growth in 24 hours. Band (BAND) coin price reached $1.59 with an impressive trading volume of $14 million. CoinCapMarket ranks Band (BAND) coin at 365, much better than many would expect. The live market cap of the Band (BAND) coin is $55,976,510, along with a circulating supply of 35,191,821 BAND coins.
Every diligent investor understands the significance of determining the fundamentals of crypto before investing their money into it. This analysis is critical as it plays a crucial role in determining the future performance of the crypto.
Band Protocol has been in this business since 2019, and it would not have lasted this long without a robust foundation. Of course, there have been ups and downs, but this is how the crypto market works. This market is volatile, and every investor needs to acknowledge this fact. Band (BAND) coin is showing great signs of recovery as its prices are certainly improving with time.
Note: Let's face it! The crypto industry is one of the most volatile, with many factors at play. As a result, no one can accurately predict the future of any crypto, no matter how exceptional your calculations are. Besides, these technical and fundamental analyses cannot precisely tell what's in store for the token. But they can certainly give you an idea of what to expect in the near and far future. It is your responsibility as an investor to carry out necessary due diligence and make the call that seems right for your investments.
Now that you have a better idea about the technicals and fundamentals of the Band (BAND) coin, it is time to dive deeper. The following section will walk you through the future price predictions of the Band (BAND) coin. So continue reading to determine if this is a suitable investment for you.
Band (BAND) Coin Price Prediction
Band (BAND) Coin Price Prediction For 2022 | Potential ROI: 69%
2022 has not been a good year for the crypto market, and nothing was going to spare the Band (BAND) coin from these damages. The token started the year at $5.02 and plunged to $$3.45 by January 2022. April 2022 rose, taking the coin's price to $5.37 with a trading volume of $60.5 million. But of course, the May month was not great as Band (BAND) coins went for deep dive, leaving their value at just $1.72 and a trading volume of $19.6 million.
Band (BAND) coin started 2022 at $5.02 and had a trading volume of $19.5 million as of January 2022. But the token's prices dipped down to $3.45 by the time it reached the end of the same month. April month was a bit better, with prices reaching $5.37 until the 14th of May when its prices dipped down further to $1.72. Band (BAND) coin is priced at $1.59 as of July 2022.
But experts are optimistic about Band (BAND) coin's prices for 2022 as most experts from TradingBeast and PricePrediction.net predict its prices to reach $1.91 by the end of 2022. On the same optimistic note, WalletInvestor shows even more optimism with their predictions suggesting the prices will go up to $4.163 by December 2022.
Band (BAND) Coin Price Prediction For 2023 | Potential ROI: -3%
Experts are also optimistic about the Band (BAND) coin's future in 2023. For example, experts from TradingBeast suggest the prices will reach $1.77696 by the end of 2023. But, then, experts from PricePrediction.net predicted the prices to reach a new high of $2.7 by December of 2023. But WalletInvestor's pessimistic view suggests Band (BAND) coin's prices will dip down further to 0.129 by the end of 2023.
Band (BAND) Coin Price Prediction 2024 | Potential ROI: 23%
Things will likely get much better with the valuation of the Band (BAND) coin by the end of 2024. Experts from TradingBeast are positive the token prices will be around $1.66777. On the other hand, experts from PricePrediction.net are even more optimistic, suggesting the prices can reach a new high of $4 by the end of 2021. But experts from WalletInvestor are sticking with a contradicting view suggesting the token's price to remain somewhere around $0.131 by the end of 2024.
Band (BAND) Coin Price Prediction 2025 | Potential ROI: 80%
2025 should give Band (BAND) coin enough time to lick its wounds and get back in the game much stronger than before. Experts from the TradingBeast have an optimistic opinion about the token's performance suggesting its prices will reach $2.4373 by the end of 2025. PricePrediction.net is even more confident about the token's valuation as they suggest its prices will go up to $5.87 by December 2025. But experts at WalletInvestor are still holding on to their pessimistic prediction suggesting the prices will range around $0.2044 by the end of 2025.
Band (BAND) Coin Price Prediction 2030 | Potential ROI: 742%
After all the hardships that Band (BAND) coin had to put up with, the long-term performance of the token seems to be better. According to the experts at TradingBeast, the Band (BAND) coin prices will cross another threshold for good and reach a price of $3.875307 by the time we reach the end of the decade.
Experts at PricePrediction.net are highly optimistic about Band (BAND) coin prices predicting the token price will reach a new high of $35.87 by the end of 2030. But unfortunately, there is no positive sign of enhancement from the experts at WalletInvestor as they expect a further downfall taking the token's value to a new low of $0.044968 by December of 2030. Therefore, to give you insight into the different estimates over the price movement, we’ve curated a table on the following expected price movements:
Determining the prices of cryptocurrencies is never easy with many different factors. As a result, even the most competent experts must rely on complex calculations and educated guesswork to get things right or at least close to right. Yet the predictions mentioned above give you a better idea of what you can expect from the Band (BAND) coin in the future.
But you should not rely on predictions alone because they are relative. Instead, you must also consider different offerings of a token to determine its performance in the future. For instance, Band Protocol has many features and functionalities that set it apart from most other platforms of its kind. So, long-term investment in the Band (BAND) coin might not be a bad idea as long as the platform works on enhancing its offerings to meet the changing market trends.
Potential Lows and Highs of Band (BAND) Coin In Coming Years
The predictions mentioned above take you into the depths of the Band Protocol for the years to come. But as you know, the crypto market is highly volatile, and things can change at any time with so many factors at play. We anticipate that the token's price will remain in line with our predictions, but one can never be too careful with cryptocurrencies.
As an investor of the token, it is always beneficial if you can get an idea of the potential lows and highs of the token. You can use such forecasts as a guide to ensure the security of your investments. To help you better, we have created a forecast for the highs and lows of the Band (BAND) coin for the coming years. [wpdatatable id=164]
Is It A Good Idea To Invest In Band (BAND) Token?
Concerning all the observations above, it is safe to say that the Band (BAND) coin is not very different from most other crypto assets. The crypto market's extreme volatility has significantly affected the token's performance. But that is not an assurance the token's price will remain unchanged. Given the price history of Band (BAND) coins, it is understandable that investing in this token is a risky task. But then again, you cannot undermine the instability and volatility of the crypto market. So things might change for the good anytime, transforming your investment in Band (BAND) coin into a great deal.
Band (BAND) coin should not be a bad long-term investment as the token shows excellent signs of recovery. Nonetheless, it is still recommended you carry out your research and due diligence before investing your money in this crypto.
This detailed article gives you a deep insight into the future of the Band (BAND) coin. This gives you a better idea of what the token will look like in the years to come up until the end of this decade. So use this information to make informed investment decisions and increase your chances of generating better returns. But you must also remember that Band Protocol comes with a robust foundation. The network has suffered many challenges and still survived in this competitive environment. So make sure you are done with your due diligence before investing your money in the Band (BAND) coin.
Does the Band (BAND) coin have any future?
It is not easy to give the correct answer to this question. But it is safe to say the cousin has a future as most experts and speculators are optimistic about the coin's performance in the coming years. But of course, cryptos can crash at any time, so it's always better to wait and see what happens.
Is the Band (BAND) coin a good investment?
Chances are high that the Band (BAND) coin can be an excellent long-term investment. Most experts are optimistic about its performance in the future, so things will probably change for the good in the future. But make sure you have done your research before investing in not just Band (BAND) coins but any other crypto, for that matter.
How to buy Band (BAND) coins?
Many crypto exchanges in the market can help you get hold of Band (BAND) coins. In addition, platforms such as Binance, Currency.com, Kraken, and many more can help you get Band (BAND) coins. But again, remember that due diligence is essential before you buy Band (BAND) coins.
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