BAND Price Analysis December 2022

Share IT

BAND is a token of platform Band Protocol. Its current price is around $2.16 at the time of writing, with a low of $0.99, and it has a market cap of 76 million dollars.

What is Band Protocol (BAND)?

BAND is the Band Protocol platform coin, which is around $2.16 at the time of writing, with a low of $0.99. It reached a high of $8.50, and its current ranking is #247, according to CoinMarketCap, with a market cap of 76 million dollars. Band Protocol is a data solution that connects, aggregates, and links data to smart contracts.

Band Protocol is a decentralized oracle project that connects data from the public & application programming interfaces (APIs) to the blockchain ecosystem. It does this via a public blockchain, known as the BANDchain — created specifically to allow any entity to request data. Band is a cross-chain data access platform that provides real-world data to smart contracts, among other features. It can provide different types of information, such as weather and stock prices.

BAND Coin Market Analysis 

BAND has a total supply of 100,000,000 coins worth around $2.16 with a market volume of 165 million dollars, whereas the market capitalization is 76 million dollars at writing. It’s been profitable to invest in Band Protocol for a while. Investors who are long-term oriented and want to ignore short-term volatility might want to focus on getting a high long and short-term technical score when doing research. This will give them a better idea of the coins with reliable, consistent growth.

BAND Price Prediction

In the 4H timeframe, the price action of $BAND/USDT has broken the ascending triangle horizontal resistance zone. We can see a good bounce upward. Currently, the price has broken its horizontal ray. Further upwards move is also expected from here.

For any time, on-demand analysis on $BAND or any other coin can join our Telegram channel.

Band Price Analysis
BAND Price Analysis

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Research before investing.

Share IT

Get Daily Updates

Crypto News, NFTs and Market Updates

Claim Your Free Trading Guide

Sign up for newsletter below and get your free crypto trading guide.

Crypto Products

Can’t find what you’re looking for? Type below and hit enter!

Can’t find what you’re looking for? Type below and hit enter!