What is Band Protocol (BAND) crypto and how does it work?

$2.23

buy/sell Band Protocol

Band Protocol (BAND): Building a Decentralized Oracle Network

Band Protocol is a decentralized cross-chain data oracle platform that provides secure and reliable access to real-world data for applications built on blockchain networks. It aims to solve the problem of single-point failure in centralized data providers and offers a trustless and auditable way of retrieving and storing data. The native cryptocurrency of the Band Protocol platform is BAND, which is used for staking, governance, and transactions within the network.

Band Protocol (BAND) price chart, [1 week]

Introduction to Band Protocol (BAND) Crypto

Band Protocol is a decentralized, blockchain-based platform built on top of Ethereum that aims to connect external data APIs to smart contracts. Its main goal is to provide a reliable data infrastructure that can be used by anyone to develop and deploy decentralized applications without the need for a centralized oracle in the middle.

The Band Protocol takes its name from the band of validators that secure the network by operating nodes and providing data feeds that will be queried by smart contracts. By leveraging the collective knowledge of these validators, the protocol ensures the reliability and accuracy of the data provided before it is used to trigger actions on-chain.

The Band Protocol token (BAND) is used to access the network and pay for data requests. In addition, the token is also used as an incentive for validators to perform their duties correctly and honestly. Validators are rewarded with BAND tokens for submitting accurate data feeds, while malicious or incorrect data submissions will result in slashed tokens.

The Band Protocol has gained popularity due to its ability to provide reliable and tamper-proof data sources to the blockchain world. Its unique approach to decentralized oracle solutions has been developed through various successful partnerships with projects such as Elrond, Kava, Harmony, and more.

Band Protocol (BAND) Price Prediction Crypto

Band Protocol (BAND) is a cryptocurrency project that aims to deliver a decentralized data oracle platform for blockchain-based applications. Since its launch in 2019, BAND has become a popular altcoin, gaining attention from traders and investors alike, thanks to its unique features and potential use cases. In this article, we will take a look at the BAND price prediction for the near future.

Current BAND Price

At the time of writing this article, the BAND coin price is $7.67, according to CoinMarketCap. The cryptocurrency has a market capitalization of over $537 million and is currently ranked #97 in terms of market cap. BAND has a circulating supply of 70,228,372 coins out of a total supply of 100 million coins.

Band Protocol (BAND) Price Prediction 2021-2025

Here are some of the BAND price predictions for the next few years:

Factors Affecting the BAND Price

Like any other cryptocurrency, the Band Protocol price is affected by various factors. Here are some of the factors that could impact the BAND coin price:

Conclusion

The Band Protocol project has been gaining traction in the cryptocurrency community, thanks to its innovative data oracle platform. As more developers adopt the platform and build decentralized applications on it, the demand for BAND is likely to increase as well. While it is challenging to predict exact BAND coin prices, the latest price predictions suggest it will continue to grow in value over the next few years.

Is Band Protocol (BAND) a good investment?

Band Protocol (BAND) is a cryptocurrency that serves as a decentralized oracle platform. It allows developers to access real-world data and integrate it with blockchain applications. The use of oracles is a critical component for many blockchain-based applications such as decentralized finance (DeFi), prediction markets, and supply chain tracking.

Band Protocol aims to create trustless and reliable data sources for these blockchain applications. It achieves this by using a decentralized network of validators who verify the accuracy of data requests and outputs. This helps to ensure that the data is authentic and tamper-proof, thereby preventing any potential manipulation or fraud.

Currently, Band Protocol has partnerships with several notable companies, including Binance, Huobi, and ICON. This indicates that there is growing interest in the platform and its potential use cases.

However, like any investment, there are risks to consider. Cryptocurrencies are highly volatile, and the price of Band Protocol has fluctuated significantly in the past. Additionally, while the platform has partnerships with several large companies, its success ultimately depends on the development of the decentralized application ecosystem.

Ultimately, whether Band Protocol is a good investment depends on the individual's investment goals, risk tolerance, and research. It's always wise to do your own due diligence and consult with financial professionals before making any investment decisions.

Where to Buy Band Protocol (BAND) Crypto

Band Protocol is a decentralized oracle platform that connects real-world data to smart contracts on the blockchain. Its native cryptocurrency, BAND, is used for staking, governance, and as a medium of exchange within the Band ecosystem. Here are some exchanges where you can buy BAND crypto:

Always do your own research before buying any cryptocurrency and only invest what you can afford to lose.

List of all exchanges for BAND trading 

crypto exchange volume 1h, USD volume 1d, USD volume 1m, USD to website
KrakenKraken 90,353,992.26 3,194,313,389.4 69,601,180,496.36 open
BinanceBinance 502,824,167.29 9,090,068,510.83 188,021,668,265.13 open
Coinbase ProCoinbase Pro 78,884,758.77 1,478,102,740.34 22,867,148,390.71 open
HuobiHuobi - - - open
BittrexBittrex 146,814.79 3,073,349,378.36 41,831,266,224,903.31 open
POLONIEXPOLONIEX - - - open
Huobi GlobalHuobi Global 1,005,400,507.9 10,817,681,562.41 1,360,101,686,184.9 open
OKExOKEx 2,380,445,668.47 39,517,338,303.71 1,612,989,626,930.74 open
HitBTCHitBTC 19,791,120.51 484,138,429.18 15,830,480,116.63 open
KucoinKucoin 49,187,724.63 33,734,801,998.95 335,758,426,170.95 open
Bitstamp Ltd.Bitstamp Ltd. 10,197,977.42 253,571,571.91 4,223,971,605.89 open
BitfinexBitfinex 47,433,631.32 570,925,519.85 12,093,006,594.9 open
KorbitKorbit - - - open
LiveCoinLiveCoin - - - open
Mercado BitcoinMercado Bitcoin 147,200.36 3,306,381.85 49,769,880.25 open
CEX.IOCEX.IO 108,325.55 3,655,384.99 61,900,913.08 open
Kraken FuturesKraken Futures 2,739,765 48,573,498 790,383,965 open
WazirXWazirX 64,463.08 1,644,688.63 33,818,560.43 open
BitmaxBitmax 1,944,631,440.37 17,968,911,810.15 9,483,205,430,572,956 open
Kyber NetworkKyber Network - - - open
CoinJarCoinJar - - - open
DragonEXDragonEX - - - open
EXXEXX - - - open
Huobi DMHuobi DM 1,779,467,495.87 23,484,196,110.89 483,887,976,359.2 open
BitkubBitkub 539,105,730.9 42,606,882,685.85 869,936,712,600.01 open
CoinsbitCoinsbit 648,178,048.61 19,936,505,926.9 1,162,185,796,838.48 open
LiteBit.euLiteBit.eu - - - open
DigiFinexDigiFinex 1,297,889,598.74 35,576,044,616.3 1,263,421,715,269.09 open
LATOKENLATOKEN 1,346,170.31 40,065,522.93 22,467,500,059,962.35 open
DcoinDcoin - - - open
HadaxHadax - - - open
BitMartBitMart - - 49,613,395,428,461,970 open
CryptologyCryptology 2,954,244.13 49,054,188.01 988,186,833.43 open
BitrueBitrue - - - open
Gate.ioGate.io 26,476,452,860,590,824 649,168,688,929,442,600 19,254,978,731,058,377,000 open
Bit-ZBit-Z - - - open
BilaxyBilaxy - - - open

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Band Protocol #161
rank coin price $ market cap $ volume 24h $ % 24h % 7d
1 70223.87 1,381,109,487,550 32,606,423,784 0.77 5.77
2 3561.28 427,605,471,744 14,310,220,844 0.86 0.96
3 1.00 104,512,208,692 69,444,431,348 0.04 0.01
4 611.56 91,450,116,665 2,235,516,861 4.56 6.56
5 1.00 32,477,074,684 7,702,257,165 0 0
6 0.61788 33,912,091,915 1,724,756,714 1.08 -2.65
7 0.64607 22,989,525,617 443,296,722 0.53 1.15
8 0.21439 30,799,433,262 5,858,022,936 9.02 36.62
9 0.12040 10,564,858,302 255,736,200 0.71 -0.87
11 0.99502 9,857,310,434 344,476,216 -1.5 -1.56
12 94.17 7,002,953,181 689,749,453 -1.73 9.76
13 9.60 13,704,230,052 270,123,539 1.55 3.06
14 4.88 16,949,497,215 135,200,072 1.1 14.56
15 1.00 5,349,182,080 686,677,844 0.01 -0.02
16 1.00 84,663,735 40,859,998 0.17 0.11
17 70399.77 10,941,300,219 189,394,159 1.06 6.32
18 0.0000309 18,197,655,004 1,747,345,816 1.75 11.14
19 53.98 20,374,483,993 471,182,523 -0.2 -3.17
21 1.00 494,873,526 60,533,178 0 -0.52
22 12.21 4,772,302,312 281,085,982 -1.39 3.8
23 19.00 11,156,784,818 382,637,775 -1.37 3.1
24 12.71 7,610,236,427 179,438,852 3.01 5.38
25 64.01 3,840,484,401 11,259,003 -0.7 7.26
26 136.85 2,520,201,478 45,020,778 -0.68 -2.03
27 32.28 4,721,159,012 232,345,462 0.5 5.53
28 0.13971 4,025,337,940 121,717,124 3.53 4.85
29 572.85 11,275,011,429 1,218,397,579 6.51 37.82
30 17.40 8,028,535,256 330,569,623 -2.08 34.23
31 9.39 4,953,661,154 242,240,490 3.64 3.13
32 2.84 2,533,722,715 82,164,360 -2.88 1.87
33 0.11454 3,860,266,192 60,643,321 2.25 2.71
34 17.15 6,808,372,400 302,273,326 -4.77 8.46
35 136.73 1,650,661,330 30,207,374 -0.58 8.37
36 0.15231 4,047,195,372 32,141,378 3.09 8.95
38 7.07 7,446,749,600 329,168,591 -2.78 7.42
39 0.04577 3,327,938,586 113,918,141 4.47 8.73
41 0.40521 3,831,962,493 194,797,565 -1.3 5.65
42 0.27199 2,198,324,302 72,973,124 2.2 7.56
43 31.67 640,264,189 6,245,185 -1 -0.57
44 3.53 5,126,683,125 155,956,199 4.32 -1.44
45 60.63 1,621,911,502 28,932,719 -0.12 -0.7
46 2.03 1,225,268,671 56,484,345 1.46 5.56
48 1.00 2,809,501,845 191,280,283 -0.84 -11.86
49 3.69 3,709,527,038 224,441,122 1.05 4.71
50 127.85 1,890,447,223 90,611,545 2.27 3.46
51 10.95 4,181,447,582 263,328,949 -2.32 -2.3
52 0.99911 731,159,987 6,641,280 0.03 -0.02
53 0.69782 1,571,304,778 149,188,287 2.22 6.29
54 12.00 1,155,475,970 4,575,264 0.02 -18.87
55 1.13 1,264,922,209 164,418,261 7.44 11.44
56 1.43 1,399,634,213 41,818,396 4.74 13.55
57 3587.67 3,316,727,455 234,772,460 6.94 9.83
58 2.93 2,927,611,362 50,057,059 -0.89 -0.66
59 0.67204 1,282,458,342 84,283,432 0.69 4.09
60 10.96 1,560,585,514 59,245,958 -0.41 4.6
61 2.95 4,193,999,494 59,325,054 -1.01 2.41
62 0.47403 1,823,625,840 93,884,651 -3.79 11.01
63 0.99897 131,948,272 1,463,272 -0.05 -0.42
65 0.00016 909,059,150 64,214,965 1.29 7.23
66 0.70369 818,402,791 53,703,766 1.74 2.87
67 0.06587 1,996,215,229 171,676,336 -0.49 12.12
68 37.48 3,500,402,515 131,274,972 -1.42 -0.11
69 2204.55 405,299,518 8,740,438 1.28 1.59
70 93.25 1,834,635,154 122,884,260 3.81 15.78
72 0.26687 953,254,803 19,015,012 0.37 3.06
73 1.36 2,040,830,160 81,378,765 0.54 3.47
74 0.14527 1,291,187,417 63,195,037 2.32 3.91
76 0.05224 726,464,827 13,768,548 8.72 15.64
78 0.03938 468,526,544 11,342,898 2.19 -2.37
79 0.34574 1,103,321,136 30,394,879 -0.43 6.09
80 1.00 1,085,638,096 23,279,883 3.15 4.32
81 45.40 432,776,559 19,509,970 0.46 -3.34
82 0.86541 140,399,161 2,753,493 4.91 5.5
83 30.84 503,589,137 63,336,457 -0.33 5.67
84 7.74 609,934,835 24,998,403 1.23 4.42
86 0.0000686 1,349,359,254 177,649,805 5.67 32.37
87 9.58 924,593,747 66,747,855 -14.56 39.41
88 1.25 1,342,657,435 48,371,354 0.16 0.31
90 38.82 455,455,402 55,938,525 2.22 6.15
91 1.34 749,987,397 6,396,226 -0.64 -0.92
92 0.46274 852,429,210 20,147,704 1.16 0.18
93 4.73 1,164,881,171 192,884,435 4.33 12.83
94 5.22 501,485,510 192,293,974 0.46 9.8
95 0.38808 530,391,201 32,573,609 -1.17 -2.68
97 0.03642 632,640,430 77,879,572 2.33 4.59
98 364.35 943,508,593 12,197,453 0.56 4.16
99 0.03490 1,285,111,288 11,522,018 1.86 3.2
100 4.23 399,779,380 6,613,093 2.63 5.75
101 3.48 1,027,339,168 43,902,093 1.21 2.53
102 1.34 1,718,847,047 389,860,242 4.09 25.07
103 0.14041 942,668,677 35,878,092 -0.69 -3.56
104 0.49682 685,533,116 24,194,675 -0.32 -5.33
105 0.59325 679,582,747 34,853,760 1.34 5.88
106 0.33002 491,869,661 30,329,120 -0.56 8.1
107 0.59468 894,268,305 58,456,582 1.39 2.24
108 4.25 420,814,168 33,167,024 -2.09 3.04
109 1.36 884,077,072 35,682,460 -0.62 1.31
110 40.98 417,691,747 7,684,739 -0.33 -1.95
111 0.05249 472,371,993 9,644,015 1.72 8.46
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