- Bullish Model Protocol (BAND) value prediction ranges from $1.019 to $2.930.
- Evaluation means that the BAND value may attain above $3.
- The BAND bearish market value prediction for 2023 is $1.160
There are different digital currencies moreover Bitcoin (BTC) and Ethereum (ETH) that individuals who need to diversify their portfolios and be taught extra about cryptocurrencies ought to contemplate. Band Protocol (BAND) is certainly one of them.
Band Protocol is an oracle platform that permits customers to attach sensible contracts to exterior knowledge sources and utility programming interfaces. An oracle on the blockchain is a third-party entity that features as a bridge between the blockchain and the surface world, enabling sensible contracts to perform in response to exterior knowledge.
In case you are focused on the way forward for BAND and need to know its predicted worth for 2023, 2024, 2025, and 2030 – preserve studying!
Band Protocol (BAND) Market Overview
|🪙 Title||Band Protocol|
|📊 Worth Change (1h)||-0.09774 %|
|📊 Worth Change (24h)||-1.81979 %|
|📊 Worth Change (7d)||2.13181 %|
|💵 Market Cap||$186825317|
|📈 All Time Excessive||$22.83|
|📉 All Time Low||$0.203625|
|💸 Circulating Provide||125737103.214 band|
|💰 Complete Provide||134535421.031 band|
What’s Band Protocol (BAND)?
Band Protocol is a cross-chain knowledge oracle platform that aggregates and connects real-world knowledge and APIs to sensible contracts.
As the necessity for builders to now incorporate real-world knowledge, similar to sports activities, climate, random numbers, value feed knowledge, and extra, into the logic of their decentralized utility (DApp) will increase, Band Protocol opens up all kinds of latest use circumstances to discover.
Band Protocol was initially launched as an ERC-20 undertaking on the Ethereum blockchain in September 2019 however transitioned to the Cosmos community in June 2020 with the discharge of Band Protocol 2.0. The brand new protocol is constructed on BandChain utilizing the Cosmos SDK. Oracle nodes on BandChain not solely relay knowledge however are additionally concerned in block manufacturing/validation, giving them a twin function.
BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators concerned in fulfilling knowledge requests, in addition to the primary medium of alternate on BandChain — getting used to pay for personal knowledge.
Analysts’ Views on Band Protocol (BAND)
Cosmos Each day tweeted that Band Protocol ranked among the many high ten Inter-Blockchain Communication Protocol with the very best social mentions. Particularly, it had 14.22K mentions which represents a rise of 142.6%.
Band Protocol (BAND) Present Market Standing
Band Protocol (BAND) has a circulating provide of 125,699,589 BAND cash, whereas its most provide isn’t obtainable, based on CoinMarketCap. On the time of writing, BAND is buying and selling at $1.51 representing 24 hours improve of 1.79%. The buying and selling quantity of BAND previously 24 hours is $7,706,381 which represents a 47.71% improve.
Some high cryptocurrency exchanges for buying and selling BAND are Binance, OKX, Deepcoin, Bitrue, and Bybit.
Now that BAND and its present market standing, we will talk about the value evaluation of BAND for 2023.
Band Protocol (BAND) Worth Evaluation 2023
Band Protocol (BAND) Worth Evaluation – Bollinger Bands
The Bollinger bands are a sort of value envelope developed by John Bollinger. It provides a variety with an higher and decrease restrict for the value to fluctuate. The Bollinger bands work on the precept of ordinary deviation and interval (time).
The higher band as proven within the chart is calculated by including two occasions the usual deviation to the Easy Shifting Common whereas the decrease band is calculated by subtracting two occasions the usual deviation from the Easy Shifting Common. When the bands widen, it reveals there’s going to be extra volatility and once they contract, there may be much less volatility.
When Bollinger bands are utilized in a cryptocurrency chart, we might anticipate the value of the cryptocurrency to reside throughout the higher and decrease bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical regulation.
The sections highlighted by crimson rectangles within the chart above present how the bands develop and contract. When the bands widen, we might anticipate extra volatility, and when the bands contract, it denotes much less volatility.
Presently, the Bollinger bands are transferring downward whereas they’re squeezing, therefore, there could possibly be much less volatility, as the value strikes downwards. In the meantime, BAND after touching the decrease Bollinger band is on the rise. It’s closing in on the SMA. If it retains rising, then BAND might go above the SMA and fluctuate within the first half of the Bollinger.
Nonetheless, when contemplating comparable eventualities that occurred previously, we might see that BAND encountered promoting strain when near the SMA. The latest rejection is one such basic instance. Therefore, this could possibly be one other rejection. As such, consumers might need to look ahead to BAND to kind a number of candlesticks extra earlier than getting into the market.
Within the occasion that BAN is rejected on the SMA and begins falling again to the decrease band, then, it might current a wonderful entry level for these eagerly ready to go lengthy.
Band Protocol (BAND) Worth Evaluation – Relative Energy Index
The Relative Energy Index is an indicator that’s used to seek out out whether or not the value of a safety is overvalued or undervalued. As per its title, RSI indicators assist decide how the safety is doing at current, relative to its earlier value.
Furthermore, it has a sign line which is a Easy Shifting Common (SMA) that acts as a yardstick or reference to the RSI line. Therefore, every time the RSI line is above the SMA it’s thought of bullish and if it’s under the SMA then it’s bearish.
When contemplating the primary inexperienced rectangle from the left of the chart under we will see that the RSI is above the sign. Therefore, BAND is bullish and in consequence, it’s making greater highs.
The second inexperienced rectangle reveals that the RSI line (purple) is under the Sign line (yellow). As such, BAND is bearish or shedding worth. Subsequently it’s reaching decrease lows as proven within the chart.
Presently, the RSI of BAND is at 42.96 and it’s titling parallel to the horizontal axis. Extra importantly, when contemplating the gray circles contained in the blue rectangle, we might see BAND reciprocating its habits. Extra importantly, the RSI worth of each appears to be at virtually the identical place.
Moreover, the RSI crosses the Sign line from under at these two spots. Therefore, if all these add as much as a potential reciprocation, we might even see BAND spike above $2.00. As such this current a wonderful entry level for consumers.
To correctly adjudicate this state of affairs, it’s higher for the buyers to make use of one other indicator or a mixture of indicators.
Furthermore, the RSI may be used to seek out out the divergence. For example, when the token is making greater highs then the RSI also needs to be making greater highs in unison with it for it to be known as a bull run. Nonetheless, if the RSI doesn’t make greater highs with the token, then let’s imagine that there could possibly be a pattern reversal, because the token is shedding worth regardless of making greater highs.
Band Protocol (BAND) Worth Evaluation – Shifting Common
The Exponential Shifting averages are fairly just like the straightforward transferring averages (SMA). Nonetheless, the SMA equally distributes down all values whereas the Exponential Shifting Common provides extra weightage to the present costs. Since SMA undermines the weightage of the current value, the EMA is utilized in value actions.
The 200-day MA is taken into account to be the long-term transferring common whereas the 50-day MA is taken into account the short-term transferring common in buying and selling. Based mostly on how these two strains behave, the power of the cryptocurrency or the pattern may be decided on common.
Particularly, when the short-term transferring common (50-day MA) approaches the long-term transferring common (200-day MA) from under and crosses it, we name it a Golden Cross.
Contrastingly, when the short-term transferring common crosses the long-term transferring common from above then, a demise cross happens.
Often, when a Golden Cross happens, the costs of the cryptocurrency will shoot up drastically, however when there’s a Loss of life Cross, the costs will crash.
Each time the value of cryptocurrency is above the 50-day or 200-day MA, or above each we might say that the token is bullish (Crimson rectangle). Contrastingly, if the token is under the 50-day or 200-day, or under each, then we might name it bearish (Blue triangle part).
When evaluating the surge that BAND went via firstly of 2023, and the current what appears to be like a surge, we might see many similarities. For example, the value at which each happen is similar, as proven by the horizontal line. Moreover, 50-day MA was additionally there and thereabout because it was in 2023.
Nonetheless, the one glitch is that BAND had a demise cross. Therefore, the query is, will this have an effect on BAND’s rise? If BAND isn’t affected by the demise cross, then this might be a wonderful place for consumers to enter the market.
Band Protocol (BAND) Worth Evaluation – Fee of Change
The Fee of Change Indicator is a momentum oscillator, that measures the change of the present value towards the previous value a number of (n) durations in the past, in proportion. So long as the value is rising ROC might be optimistic. However, the ROC indicator will attain the detrimental zone when the costs cut back. Growing values in both course, optimistic or detrimental, point out growing momentum, and transferring again towards zero signifies diminishing momentum.
In contrast to the RSI, ROC has no set overbought or oversold areas, it moderately depends upon a dealer’s discretion. Merchants usually have a tendency to seek out the areas within the optimistic and detrimental zones the place the pattern modifications have occurred in regularity. Based mostly on this they might mark their bounds for overbought and oversold areas.
ROC may be used as a divergence indicator that alerts a potential upcoming pattern change. Divergence happens when the value of a inventory or asset strikes in a single course whereas its ROC strikes in the other way.
For instance, if a inventory’s value is rising over a time period and registering greater highs whereas the ROC is progressively transferring decrease, or making decrease highs, then the ROC is indicating bearish divergence from value, which alerts a potential pattern change to the draw back. The identical idea applies if the value is transferring down and ROC is transferring greater.
Moreover, the zero line crossover could possibly be used to sign pattern modifications. Nonetheless, relying on the quantity used for n (durations) within the indicator the alerts might are available in early or late.
BAND’s extraordinarily overbought areas are marked as Overbought Area 1 at 26.15, Overbought Area 2 at 54.85, and Overbought Area 3 at 75.19. In the meantime, BAND’s Oversold Areas are marked as Oversold Area 1 at -34.26, Oversold Area 2 at -42.02, and Oversold Area 3 at -56.98.
Presently, the ROC signifies a price of -9.72 and the road is heading in the direction of the zero line. As such the bearish momentum is fading away. Though this current state of affairs might attract consumers to enter the market, they need to take precautions. It’s because BAND has rebounded off of the -6.92 area previously.
As such, it might be higher if consumers look ahead to the BAND to go previous this area or finest in the event that they look ahead to it to cross the zero mark.
Band Protocol (BAND) Worth Prediction 2023-2030 Overview
|Yr||Minimal Worth||Common Worth||Most Worth|
Band Protocol (BAND) Worth Prediction 2023
When contemplating the chart above, we might see that BAND is fluctuating inside a descending triangle for the reason that starting of 2023. The sellers had been aggressively bringing the value down as BAND stored on making decrease highs.
If BAND continues fluctuating throughout the descending triangle and completes forming it, we might anticipate, BAND, to rise as much as the higher pattern line. Thereafter it might ricochet again to the decrease pattern line. This presents the scalpers a wonderful alternative to enter the market and make some fast earnings.
As such, merchants seeking to accept a brief place throughout the triangle ought to contemplate having their cease loss on the higher pattern line, whereas the take revenue and entry level could possibly be determined at their very own discretion. Nonetheless, as soon as BAND breaks out of the triangle, BAND might land on Assist 2 at $1.050, if it follows the basic breakout.
There additionally lies a chance of BAND breaking the higher pattern line of the descending triangle and transferring greater. If this occurs it might attain Resistance 1 at $2.086. From one other angle, BAND has the potential for breaking via Resistance 1 and reaching Resistance 2 at $2.711.
Band Protocol (BAND) Worth Prediction – Resistance and Assist Ranges
When trying on the chart above, we might see that BAND rose vertically again in June 2020 and briefly fluctuated above the ordinal quantity 45 (1:1) which is taken into account to be bullish, when it’s on an uptrend.
Thereafter BAND crashed vertically after a quick interval of sliding alongside the 1:1 line. It discovered assist on the 3:1 Gann line whereas the 4:1 Line too got here to its rescue when the three:1 line wasn’t capable of maintain up BAND. After discovering Assist on the above-stated line BAND noticed a sudden spike with the dawning of 2021.
Particularly, BAND rose from the 4:1 Gann line to the two:1 line, nonetheless, wasn’t capable of take a look at or break above the 1:1 line which is taken into account to be bullish. Nonetheless, BAND crashed vertically from an virtually 1:1 line to an 8:1 Gann line.
After this fall, BAND discovered some momentum which catapulted it to the 4:1 Gann line. Though, it take a look at the three:1 line it couldn’t break. As such, BAND began sliding alongside the two:1 line. Presently, there appears to exist no diagonal motion as BAND is transferring sideways.
The important thing takeaway is that BAND has been closely reliant on the three:1 and a couple of:1 Gann strains for assist. And it has had sturdy resistance on the 1:1 Gann line. Therefore, merchants might need to pay attention to these to make entries on the stipulated time.
Band Protocol (BAND) Worth Prediction 2024
There might be Bitcoin halving in 2024, and therefore we must always anticipate a optimistic pattern available in the market as a consequence of person sentiments and the search by buyers to build up extra of the coin. Nonetheless, the yr of BTC halving hasn’t been a affluent yr for BAND based mostly on the earlier halving. Therefore, we might anticipate BAND to commerce at a value not under $0.8533 by the top of 2024.
Band Protocol (BAND) Worth Prediction 2025
BAND should expertise the after-effects of the Bitcoin halving and is anticipated to commerce above its 2024 value. Many commerce analysts speculate that BTC halving might create a big impact on the crypto market. Furthermore, just like many altcoins, BAND will proceed to rise in 2025 forming new resistance ranges. It’s anticipated that BAND would commerce past the $15.02 degree.
Band Protocol (BAND) Worth Prediction 2026
It’s anticipated that after a protracted interval of bull run, the bears would come into energy and begin negatively impacting the cryptocurrencies. Throughout this bearish sentiment, BAND might tumble into its assist areas. Throughout this era of value correction, BAND might lose momentum and be a bit under its 2025 value. As such it could possibly be buying and selling at $4.42 by 2026.
Band Protocol (BAND) Worth Prediction 2027
Naturally, merchants anticipate a bullish market sentiment after the crypto business was affected negatively by the bears’ claw. Furthermore, the build-up to the following Bitcoin halving in 2028 might evoke pleasure in merchants. Nonetheless, there might be a dip earlier than BAND truly surges, as such we might anticipate BAND to commerce at round $3.84 by the top of 2027.
Band Protocol (BAND) Worth Prediction 2028
Because the crypto neighborhood’s hope might be re-ignited trying ahead to Bitcoin halving like many altcoins, BAND will proceed to kind new greater highs and is anticipated to maneuver in an upward trajectory. Therefore, BAND could be buying and selling at $16.88 after experiencing an enormous surge by the top of 2028.
Band Protocol (BAND) Worth Prediction 2029
2029 is anticipated to be one other bull run because of the aftermath of the BTC halving. Nonetheless, merchants speculate that the crypto market would steadily grow to be secure by this yr. In tandem with the secure market sentiment BAND could possibly be buying and selling at $7.97 by the top of 2029.
Band Protocol (BAND) Worth Prediction 2030
After witnessing a bullish run available in the market, BADN and plenty of altcoins would present indicators of consolidation and may commerce sideways and transfer downwards for a while whereas experiencing minor spikes. Subsequently, by the top of 2030, BAND could possibly be buying and selling at $12.62
Band Protocol (BAND) Worth Prediction 2040
The long-term forecast for BAND signifies that this altcoin might attain a brand new all-time excessive(ATH). This might be one of many key moments as HODLERS might anticipate to promote a few of their tokens on the ATH level.
If they begin promoting then BAND might fall in worth. It’s anticipated that the typical value of BAND might attain $24.42 by 2040.
Band Protocol (BAND) Worth Prediction 2050
The neighborhood believes that there might be widespread adoption of cryptocurrencies, which might preserve gradual bullish positive factors. By the top of 2050, if the bullish momentum is maintained, BAND might hit $33.92.
If buyers proceed to indicate curiosity in BAND and add these tokens to their portfolio, then, it might proceed to stand up. BAND’s bullish value prediction reveals that it might attain $2.7 degree.
Band Protocol initially debuted as an ERC-20 undertaking on the Ethereum blockchain in September 2019 however switched to the Cosmos community in June 2020 with Band Protocol 2.0. The BandChain and the Cosmos SDK are the foundations of the brand new protocol. Oracle nodes on BandChain serve a twin objective, each as knowledge relay nodes and as nodes collaborating in block manufacturing and validation.
The Band Protocol ecosystem’s native token, BAND, serves as collateral for validators processing knowledge requests and because the major technique of alternate on BandChain, which is used to buy person privateness knowledge.
BAND may be traded on many exchanges like different digital property within the crypto world. Binance, Coinbase Trade, FTX, KuCoin, Huobi International, and Kraken are at present the preferred cryptocurrency exchanges for buying and selling BAND.
BAND has a chance of surpassing its current all-time excessive (ATH) value of $23.19 in 2021.
BAND is without doubt one of the few cryptocurrencies that has been consolidating for the previous yr. As such, we might anticipate it to burst out with a big spike. If it does spike it’d attain $2.7 quickly after its breaks the Resistance 1 degree.
BAND has been some of the appropriate investments within the crypto area. Though it has been consolidating through the previous, we might anticipate it to rise exponentially when the underside is reached. Therefore, merchants could also be allured to spend money on BAND.
The current all-time low value of BAND is $0.2042.
BAND was launched in September, 2019.
Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn are the co-founders of Band Protocol.
The utmost provide of BAND isn’t obtainable.
BAND may be saved in a chilly pockets, a scorching pockets, or an alternate pockets.
BAND is anticipated to succeed in $3 by 2023.
BAND is anticipated to succeed in $0.85 by 2024.
BAND is anticipated to succeed in $15.02 by 2025.
BAND is anticipated to succeed in $4.42 by 2026.
BAND is anticipated to succeed in $3.84 by 2027.
BAND is anticipated to succeed in $16.88 by 2028.
BAND is anticipated to succeed in $7.97 by 2029.
BAND is anticipated to succeed in $12.62 by 2030.
BAND is anticipated to succeed in $24.42 by 2040.
BAND is anticipated to succeed in $33.92 by 2050.
Disclaimer: The views and opinions, in addition to all the data shared on this value prediction, are printed in good religion. Readers should do their analysis and due diligence. Any motion taken by the reader is strictly at their very own danger. Coin Version and its associates is not going to be held liable for any direct or oblique injury or loss.