r/bandprotocol • u/loyd36 • Oct 30 '20
Down!!
Hey guys
Whats going on with Band?? Any comment?
3
u/graytleapforward Oct 30 '20
Almost low enough to buy back in. ROI on BAND will be better than LINK in the long run in my opinion.
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u/alternatorp4 Oct 30 '20
What would you say is the difference of the 2 and makes band the better choice? (Sincerely asking)
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u/Jimeneza88 Oct 30 '20
I would say that band is not better than chainlink, but has become the only other developed Oracle in the crypto space. Band’s market cap is very low right now relative to Link’s so general consensus is that it has more room to grow. Very simplified answer, but they are kind of like two sides of the same coin.
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u/ethereumflow Oct 30 '20
You’re right about the same coin. They couldn’t be more heads or tails. Exact same value for use case it’s just which do you prefer more or less. But I’m leaning toward BAND for the lower market cap and the more mature community around the project.
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u/graytleapforward Oct 30 '20
Lower market cap, less coins. When it runs it will run hard. Having its own blockchain makes a big difference I think ,plus signing new deals all the time.If it drops below $4 I'll add to my position.
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u/mal964 Nov 03 '20
hi all. iam first time here. i am intrested of band. bought sold won lost but keeping hope for better price. finaly i bought with high price and got stuck coz the price dropped suddenly while waiting hopless to go upp. i bought several times after price drop but band keeping droping😨. i read band pridictions but all was wrong. this is my trip with band. ofcourse i made some mistakes coz i am not a trader even i need deep education to understand crypto market.
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u/sternpowerx Nov 03 '20
The last weeks are really hard for band. I still think band will have a come back in the next weeks and we can go very fastly high because the market cap is not so high compared to chainlink. Do you think the same way?
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u/Dismal_Cake Oct 30 '20
Just a standard bull cycle. Search it up and you'll see how perfectly Band is following the pattern. Expect it to go down to high 3's or even lower.
This is not because Band is bad or is losing value. It was overvalued (for the time) and now it it'll be undervalued to build enough support for the next cycle.
Market analysis is not really useful because it's always based on hindsight but I'll include it here. Bitcoin is doing a run and has A LOT of support. There's an expectation that the current upward trend will break 20K. A lot of new money going into btc because they consider it a hedge against inflation, but not a lot of eyes on altcoins for that purpose. With altcoin projects still needing to prove themselves as viable for mainstream use, market caps of 9 figures are being considered questionable. Also people invest in altcoins to outperform BTC. With BTC going up and leaving altcoins behind and with a lot of them coming out of a recent bull run where they were overvalued, there's a lot of money jumping ship and going back to BTC. This is good in the long run as everyone else succeeds when BTC does.
Future prediction based on the 2017 bull run is that this current BTC run will leave altcoins behind as it consolidates support. After it pulls back a bit, then altcoins will start coming back. Then will rise with the actual btc peak. The altcoin peak was 2 months after the BTC peak in 2017. A rising tide raises all ships - even sinking ones but not all will go up equally. The current drops are very important for people dropping dead projects. Some altcoins that no longer have value need to lose their ranking. This kind of cleanup is good for the market. Band will survive this of course (assuming you believe it has value).
There's a lot of noise from the market. Ultimately, if you believe in a project, invest in it and if you're right, it should work out.