Band Protocol Value Prediction 2023-2030: Will BAND Value Hit $3 Quickly?

• Bullish Model Protocol (BAND) worth prediction ranges from $1.019 to $2.930.
• Evaluation means that the BAND worth may attain above $3.
• The BAND bearish market worth 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 study extra about cryptocurrencies ought to take into account. Band Protocol (BAND) is certainly one of them.

Band Protocol is an oracle platform that permits customers to attach sensible contracts to exterior information sources and utility programming interfaces. An oracle on the blockchain is a third-party entity that capabilities as a bridge between the blockchain and the surface world, enabling sensible contracts to operate in response to exterior information.

If you’re fascinated about the way forward for BAND and need to know its predicted worth for 2023, 2024, 2025, and 2030 – maintain studying!

Band Protocol (BAND) Market Overview

What’s Band Protocol (BAND)?

Band Protocol is a cross-chain information oracle platform that aggregates and connects real-world information and APIs to sensible contracts.

As the necessity for builders to now incorporate real-world information, comparable to sports activities, climate, random numbers, worth feed information, and extra, into the logic of their decentralized utility (DApp) will increase, Band Protocol opens up all kinds of recent use circumstances to discover.

Band Protocol was initially launched as an ERC-20 venture 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 information however are additionally concerned in block manufacturing/validation, giving them a twin position.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators concerned in fulfilling information requests, in addition to the principle medium of alternate on BandChain — getting used to pay for personal information.

Analysts’ Views on Band Protocol (BAND)

Cosmos Each day tweeted that Band Protocol ranked among the many prime ten Inter-Blockchain Communication Protocol with the best social mentions. Specifically, 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 will not be accessible, based on CoinMarketCap. On the time of writing, BAND is buying and selling at $1.51 representing 24 hours enhance of 1.79%. The buying and selling quantity of BAND prior to now 24 hours is $7,706,381 which represents a 47.71% enhance.

Some prime cryptocurrency exchanges for buying and selling BAND are  Binance, OKX, Deepcoin, Bitrue, and Bybit.

Now that you recognize BAND and its present market standing, we will talk about the value evaluation of  BAND for 2023.

Band Protocol (BAND) Value Evaluation 2023

Band Protocol (BAND) Value Evaluation – Bollinger Bands

The Bollinger bands are a sort of worth envelope developed by John Bollinger. It offers 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’s much less volatility. 

When Bollinger bands are utilized in a cryptocurrency chart, we may count on 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 broaden and contract. When the bands widen, we may count on extra volatility, and when the bands contract, it denotes much less volatility. 

Presently, the Bollinger bands are shifting downward whereas they’re squeezing, therefore, there might 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 may go above the SMA and fluctuate within the first half of the Bollinger. 

Nonetheless, when contemplating comparable eventualities that occurred prior to now, we may see that BAND encountered promoting strain when near the SMA. The current rejection is one such basic instance. Therefore, this might be one other rejection. As such, patrons could need to watch for BAND to type a couple 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 superb entry level for these eagerly ready to go lengthy.

Band Protocol (BAND) Value Evaluation – Relative Power Index

The Relative Power Index is an indicator that’s used to search 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 worth. 

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, each time the RSI line is above the SMA it’s thought of bullish and if it’s beneath the SMA then it’s bearish. 

When contemplating the primary inexperienced rectangle from the left of the chart beneath we will see that the  RSI is above the sign. Therefore, BAND is bullish and consequently, it’s making increased highs. 

The second inexperienced rectangle reveals that the RSI line (purple) is beneath 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 may see BAND reciprocating its conduct. Extra importantly, the RSI worth of each appears to be at nearly the identical place. 

Moreover, the RSI crosses the Sign line from beneath at these two spots. Therefore, if all these add as much as a attainable reciprocation, we might even see BAND spike above $2.00. As such this current a superb entry level for patrons.   

To correctly adjudicate this situation, it’s higher for the traders to make use of one other indicator or a mix of indicators. 

Furthermore, the RSI may be used to search out out the divergence. For example, when the token is making increased highs then the RSI must also be making increased highs in unison with it for it to be referred to as a bull run. Nevertheless, if the RSI doesn’t make increased highs with the token, then let’s imagine that there might be a development reversal, because the token is shedding worth regardless of making increased highs. 

Band Protocol (BAND) Value Evaluation – Shifting Common

The Exponential Shifting averages are fairly much like the easy shifting averages (SMA). Nevertheless, the SMA equally distributes down all values whereas the Exponential Shifting Common offers extra weightage to the present costs. Since SMA undermines the weightage of the current worth, the EMA is utilized in worth actions. 

The 200-day MA is taken into account to be the long-term shifting common whereas the 50-day MA is taken into account the short-term shifting common in buying and selling. Based mostly on how these two strains behave, the power of the cryptocurrency or the development may be decided on common. 

Specifically, when the short-term shifting common (50-day MA) approaches the long-term shifting common (200-day MA) from beneath and crosses it, we name it a Golden Cross.

Contrastingly, when the short-term shifting common crosses the long-term shifting common from above then, a dying 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 could say that the token is bullish (Crimson rectangle). Contrastingly, if the token is beneath the 50-day or 200-day, or beneath each, then we may name it bearish (Blue triangle part).

When evaluating the surge that BAND went by at first of 2023, and the current what appears to be like a surge, we may 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. 

Nevertheless, the one glitch is that BAND had a dying cross. Therefore, the query is, will this have an effect on BAND’s rise? If BAND will not be affected by the dying cross, then this could be a superb place for patrons to enter the market. 

Band Protocol (BAND) Value Evaluation – Charge of Change

The Charge of Change Indicator is a momentum oscillator, that measures the change of the present worth in opposition to the previous worth a couple of (n) durations in the past, in proportion. So long as the value is rising ROC will likely be constructive. However, the ROC indicator will attain the unfavourable zone when the costs scale back. Growing values in both route, constructive or unfavourable, point out rising momentum, and shifting again towards zero signifies diminishing momentum.

Not like the RSI, ROC has no set overbought or oversold areas, it reasonably depends upon a dealer’s discretion. Merchants usually have a tendency to search out the areas within the constructive and unfavourable zones the place the development modifications have occurred in regularity. Based mostly on this they may mark their bounds for overbought and oversold areas.

ROC may be used as a divergence indicator that indicators a attainable upcoming development change. Divergence happens when the value of a inventory or asset strikes in a single route whereas its ROC strikes in the other way.

For instance, if a inventory’s worth is rising over a time frame and registering increased highs whereas the ROC is progressively shifting decrease, or making decrease highs, then the ROC is indicating bearish divergence from worth, which indicators a attainable development change to the draw back. The identical idea applies if the value is shifting down and ROC is shifting increased.

Moreover, the zero line crossover might be used to sign development modifications. Nevertheless, relying on the quantity used for n (durations) within the indicator the indicators could are available 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 situation could attract patrons to enter the market, they need to take precautions. It is because BAND has rebounded off of the -6.92 area prior to now. 

As such, it might be higher if patrons watch for the BAND to go previous this area or greatest in the event that they watch for it to cross the zero mark. 

Band Protocol (BAND) Value Prediction 2023-2030 Overview

Band Protocol (BAND) Value Prediction 2023

When contemplating the chart above, we may see that BAND is fluctuating inside a descending triangle because the 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 may count on, BAND, to rise as much as the higher development line. Thereafter it might ricochet again to the decrease development line. This provides the scalpers a superb alternative to enter the market and make some fast income.

As such, merchants seeking to accept a brief place throughout the triangle ought to take into account having their cease loss on the higher development line, whereas the take revenue and entry level might be determined at their very own discretion. Nevertheless, as soon as BAND breaks out of the triangle, BAND could land on Assist 2 at $1.050, if it follows the basic breakout. 

There additionally lies a chance of BAND breaking the higher development line of the descending triangle and shifting increased. If this occurs it might attain Resistance 1 at $2.086. From one other angle, BAND has the potential for breaking by Resistance 1 and reaching Resistance 2 at $2.711. 

Band Protocol (BAND) Value Prediction – Resistance and Assist Ranges

When wanting on the chart above, we may 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 short 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. 

Specifically, 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. Nevertheless, BAND crashed vertically from an nearly 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 shifting sideways. 

The important thing takeaway is that BAND has been closely reliant on the three:1 and a pair of:1 Gann strains for assist. And it has had sturdy resistance on the 1:1 Gann line. Therefore, merchants could need to be aware of these to make entries on the stipulated time. 

Band Protocol (BAND) Value Prediction 2024 

There will likely be Bitcoin halving in 2024, and therefore we should always count on a constructive development out there as a consequence of consumer sentiments and the search by traders to build up extra of the coin. Nevertheless, the 12 months of BTC halving hasn’t been a affluent 12 months for BAND based mostly on the earlier halving. Therefore, we may count on BAND to commerce at a worth not beneath $0.8533 by the tip of 2024.

Band Protocol (BAND) Value Prediction 2025

BAND should still expertise the after-effects of the Bitcoin halving and is predicted to commerce above its 2024 worth. Many commerce analysts speculate that BTC halving may create a big impact on the crypto market. Furthermore, much 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) Value 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 may tumble into its assist areas. Throughout this era of worth correction, BAND may lose momentum and be somewhat beneath its 2025 worth. As such it might be buying and selling at $4.42 by 2026. 

Band Protocol (BAND) Value Prediction 2027

Naturally, merchants count on a bullish market sentiment after the crypto business was affected negatively by the bears’ claw. Furthermore, the build-up to the subsequent Bitcoin halving in 2028 may evoke pleasure in merchants. Nevertheless, there will likely be a dip earlier than BAND really surges, as such we may count on BAND to commerce at round $3.84 by the tip of 2027. 

Band Protocol (BAND) Value Prediction 2028

Because the crypto group’s hope will likely be re-ignited wanting ahead to Bitcoin halving like many altcoins, BAND will proceed to type new increased highs and is predicted to maneuver in an upward trajectory. Therefore, BAND can be buying and selling at $16.88 after experiencing a large surge by the tip of 2028. 

Band Protocol (BAND) Value Prediction 2029

2029 is predicted to be one other bull run because of the aftermath of the BTC halving. Nevertheless, merchants speculate that the crypto market would progressively change into secure by this 12 months. In tandem with the secure market sentiment BAND might be buying and selling at $7.97 by the tip of 2029.

Band Protocol (BAND) Value Prediction 2030

After witnessing a bullish run out there, BADN and lots of altcoins would present indicators of consolidation and may commerce sideways and transfer downwards for a while whereas experiencing minor spikes. Subsequently, by the tip of 2030, BAND might be buying and selling at $12.62

Band Protocol (BAND) Value Prediction 2040

The long-term forecast for BAND signifies that this altcoin may attain a brand new all-time excessive(ATH). This may be one of many key moments as HODLERS could count on to promote a few of their tokens on the ATH level. 

If they begin promoting then BAND may fall in worth. It’s anticipated that the typical worth of BAND may attain $24.42 by 2040.

Band Protocol (BAND) Value Prediction 2050

The group believes that there will likely be widespread adoption of cryptocurrencies, which may keep gradual bullish positive aspects. By the tip of 2050, if the bullish momentum is maintained, BAND may hit $33.92.

Conclusion

If traders proceed to point out curiosity in BAND and add these tokens to their portfolio, then, it may proceed to stand up. BAND’s bullish worth prediction reveals that it may attain $2.7 degree.

FAQ

Disclaimer: The views and opinions, in addition to all the data shared on this worth prediction, are revealed 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.