Band 2021 price targets With a current circulating supply of 20,494,033 Band tokens and a max of 100,000,000 Band tokens, it will be very interesting to see Band, which Is also in the Oracle tech space as Chainlink, compete and carve out its own market share. Chainlink has 405 million tokens in circulation with a max of 1 Billion. I believe that Band is on the Cosmos platform and also rewarding its users with a handsome staking reward which is an incredible incentive for long-term holding. Right now Band is in a similar channel as many other Altcoins and several price targets are a possibility given the scarcity, the backing of Band by well-known investors, and the growing Oracle/Dataspace.
Could Band achieve between $250 and $1,000 on this next Bitcoin bull run? We will see.
BANDUSD trade ideas
BAND Short Term Cup and Handle potential upsideNot a financial advice, do your own DD before investing your hard earned money.
-Found Cup and Handle on 4H timeframe.
-If valid, Buy in zone in the red circle.
-Short Term target price is at $13.50-$14.
-Break of pattern if goes below $9.35.
We will be sure in the next 48 hours.
Band going to 40 summer! Get your moon boots on!The other day I published that Band was breaking out of its .236 fibonnaci retrace and would be on track to hit $10 before it encountered resistance and - this week Band did that almost perfectly!
Band breached 10 and bounced off of the .50 percent fibonnaci retrace this week almost perfectly. Now I would say its a little to soon to say if band will continue to break its all time high now, or if it will consolidate over the next few weeks before continuing up, but I also wanted to give some long term projections:
There you will see a comparison I made between Band and Chainlink. They are both oracles, but clearly Chainlink Obviously has a much higher market cap - for now. We must also keep in mind that Chainlink beat BAND to the market by 1 year and if you compare Band to Chainlink its eerily similar.
When Band Protocol it went main-net last summer it exploded (just like chainlink did when it had its Mainnet launch in 2019.) A few months after Chainlink had its Mainet launch, it dipped down to the exact level band protocol is at, followed by an explosion to $4.4 which is equivalent to 25ish/27ish in band protocol terms. Story goes on, 1 year from it's mainnet: chainlink hit all new highs at $18 ( which in band protocol terms would correspond to the $40-$50 range.)
I would venture to say that if the band protocol development team does not slack off, band token can reach a similar level of performance. We need to make sure that validation request keep rising, validators keep rising, and new partners get onboarded because that will be a good indicator of network growth. Keep in mind Band protocol will hit its one year anniversary this summer, we must monitor its development closely because if it performs similarly we will all be Rich as F^Ck!
Band Protocol Breakout! Band Protocol is looking absolutely great now. We broke the 23% retrace of the fib extention. We are going to run into some resistance at about 10 at the next fib extention... once we punch through that we should be retesting its all high time. If we punch through its all time high then 27 will be in sight. Hold on to your bags, cuz when this coin hits 88 mph we going to see some serious S#1T