Band Protocol Price Prediction 2023-2030: Will Band Protocol reach $1000?
Latest Band Protocol Price
Performance in the last 12 Months
- Last 5 days: +2.3%, Parity*
- Last 30 days: -12.6%, Underperformer
- Last 6 months: +22.6%, Outperformer
- Last 12 months: -50.8%, Underperformer
- Since January 2020: +568%, Outperformer
Band Protocol Price Prediction for the Next 6 Hours
- Band Protocol Price Prediction in the next 24 hours is between $1.13 and $1.20
- Band Protocol Price Prediction this week is between $1.17 and $1.20
Band Protocol Price Prediction Today
|Overall Outlook||Partially Bullish|
|1. Market's Wisdom||Bullish|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Higher|
Band Protocol Price Prediction: Is Band Protocol a Good Investment?
Band Protocol is a decentralized Oracle network that connects smart contracts with off-chain data. It was founded in 2018 by a team of experienced blockchain developers including Soravis Srinawakoon, Paul Nattapatsiri, and Sorawit Suriyakarn.
Key Features of Band Protocol
- Delegated proof-of-stake (DPoS): The DPoS consensus algorithm is used to select validators who are responsible for verifying the accuracy of the data.
- Sharding to ensure fast: Sharding is used to distribute the workload across the network, ensuring that the system can handle a large volume of data requests.
The Band Protocol coin (BAND) is the native token of the Band Protocol network. Use Cases
- Transaction fees
Band Protocol can be used in various use cases, including decentralized finance (DeFi), gaming, prediction markets, and more. For example, DeFi applications can use Band Protocol to source real-time price data for assets. In contrast, gaming applications can use it to verify in-game transactions or random number generation.
Several dApps and blockchains have already integrated Band Protocols, including
Band Protocol vs Chainlink: Why has Band Protocol Underperformed Chainlink?
- Chainlink has a first-mover advantage. This has given Chainlink the benefit of building solid partnerships before Band Protocol. Band Protocol also had to deal with more competition than Chainlink
- Chainlink has a marginal advantage in supporting multiple blockchain networks
- Chainlink’s network of nodes can aggregate data from multiple sources, including APIs, off-chain databases, and other blockchain networks. In contrast, Band Protocol’s data aggregation capabilities are more limited, as it primarily relies on decentralized data providers to supply data to its network.
- Chainlink allows developers to build custom oracle networks using their own nodes and infrastructure while Band Protocol’s network is more standardized, with a set of pre-built oracle templates that developers can use to access external data
- Chainlink has a reputation system that enables it to source better-quality data
Band Protocol is simpler, has lower fees, and can be integrated quickly.
Overall, despite the strong competition, Band Protocol has performed well. It is likely that with Blockchain likely to increase usage, there will be a market for both Band Protocol and Chainlink Oracles. Band Protocol is a Good Investment.
Band Protocol Price Prediction: Will Band Protocol reach $1000?
To reach $1000, Band Protocol will have to rise 613 times. At $1000, Band Protocol’s market cap would be $124 Billion. If Band Protocol were to rise at the rate of 25% every year, it would take 29 years to reach $1000. Despite being categorized as a good quality investment, it is highly unlikely that Band Protocol will ever reach $1000. However, things could be different if 90% of the Tokens were burnt.
At 90% Burn. To reach $1000, Band Protocol will have to rise 61 times. At $1000, Band Protocol’s market cap would be $12.3 Billion. If Band Protocol were to rise at the rate of 25% every year, it would take 19 years to reach $1000. The feasibility improves a lot though it still looks a little difficult.
Band Protocol Price Prediction 2023, 2025 and 2030 (Aggregated)
- Band Protocol Price Prediction 2023 is $3.1
- Band Protocol Price Prediction 2025 is $5.5
- Band Protocol Price Prediction 2023 is $25.0
How to buy Band Protocol ?
Band Protocol is available in CEX.IO, Kraken, Paybis, Uphold, KuCoin, Bybit and Coinspot exchanges.
- First sign up for a CEX account. It takes 5-8 Minutes. (Sign Up with Email and password) &Verification (KYC, find it in Dashboard, Govt. ID or Address proof will be asked)
- Add funds to your account
- Navigate to the trading page
- Select the crypto you want to buy and place the order (You can buy through Bank transfer, Credit and debit cards and crypto to crypto exchange)
- And at last, confirm your order.
- Create your account in Kraken. Times takes for registration is 5 Minutes hardly. (Email and Password)
- Verify your account (Click on GET VERIFIED on the dashboard, (KYC) Govt IDs or Address docs will be asked)
- Deposit funds in your account
- Select the cryptocurrency you want to buy (Find it in TRADE tab, you can buy through Bank transfer, Credit and debit cards and crypto to crypto exchange)
- Choose the trading pair (For EX, if you want to buy Bitcoin with US dollars, select the BTC/USD trading pair)
- Place and confirm your order.
- Create account in paybis. It takes 6 – 10 minutes for registration. (Sign Up)
- Verify your account (Go to settings and verify, (KYC) Govt IDs or Address docs will be asked)
- Select the cryptocurrency you want to buy
- Select the payment method (Bank transfer, Credit and debit cards and E-Wallet)
- Enter the amount of cryptocurrency you want to buy
- Place and confirm your order to receive it.
- Create your account. Takes less than 10 minutes. (Sign Up with email and password)
- Verify your account. (KYC, GOVT. IDs are mandatory)
- Add funds to your account
- Select crypto you want to buy on the dashboard
- Select the payment method (you can buy through Bank transfer, Credit and debit cards and crypto to crypto exchange)
- Review and confirm the buy to receive it.
- Create the account on KuCoin (Sign Up, it takes less than 10minutes)
- Verify your account (Govt. IDs)
- Add funds to your account (Assets tab > Deposit, Bank transfer, Credit and debit cards and crypto to crypto exchange)
- Can buy with Fiat and crypto.
- Navigate to the trading page (Trade > Spot trading)
- Choose a trading pair
- Place an order
- Review and confirm it.
- Create your account. Hardly less than 8 minutes to complete (Email and password)
- Complete KYC verification (Govt. ID)
- Fund your account (Bank transfer, Credit and debit cards and crypto to crypto exchange)
- Choose the trading pair
- Place the order and confirm it
- Wait for the order to be executed.
- Create your account and complete KYC/AML verification which takes 10 minutes or less. (Govt. IDs and Address proof)
- Add funds to your account
- Choose the cryptocurrency you want to buy (Bank transfers, BPAY, POLi payments and crypto)
- Enter the amount to cryptocurrency you want to buy
- Review and confirm the order
- Wait for your order to be filled
- Transfer it to your wallet (if you want).
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.