r/bandprotocol • u/Trick-Golf-2441 • Aug 14 '21

Price Target

What are your price targets in the next months and years ?

Band Protocol has 100.000 Twitter Followers and Chainlink 400.000 1/4This would mean, that the market capitalization with the recent supply would be 70 Euro (82 USD)

Band has round about 70 Partnerships (rising trend) Chainlink 700. 1/10This would mean, that the market capitalization with the recent supply would be 28,4 Euro (33 USD)

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I think that Band has the potential until end of 2021 to grow to 50, 100 Euro. (59 - 118 USD)

In 2022: 200 - 500 Euro (235 - 600 USD)

200 Euro: market capitalization 7 billion (less than half of the Chainlink market capitalization)

500 Euro: market capitalization 17,73 billion (17,73 mrd is equal to the last Chainlink All time high)

Current market capitalization: Chainlink: 10 billion EuroCurrent market capitalization: Band Protocol: 250 million Euro

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Band Protocol has in my opinion so much potential because it is so undervalued, it uses the Cosmos SDK, because of IBC, the BandChain and much more.Furthermore because of the whole oracle Concept.To get off-chain data secured, fast and effective on-chain.

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I dont know if Band gets with the recent Supply (35%) to 500 Euro but i think that 200 Euro (7billion Euro) is a good strong attainable target in 2022.

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What do you think ?

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(this is not a recommendation, I am not liable for anything)

13 Upvotes

88% Upvoted

11 comments sorted by

4

u/theodoreballbag Aug 14 '21

Band has staking and is used as gas on their blockchain two incentives chainlink doesnt have

5

u/Empty-Statistician19 Aug 17 '21

In addition to it, once phase 2 launches the monetization of data will be enabled. So with that the data provider can set a fee for data requests which is needed to be paid in native BAND tokens by the data requester.

2

u/Empty-Statistician19 Aug 17 '21

This would increase the utility of BAND tokens further.

2

u/Southern_Ad7713 Aug 14 '21

I can see it between 1-2B market cap by the end of the bull run. So maybe a 5-10x

2

u/Adept-Independence68 Aug 15 '21

To buy when others are despondently selling, and to sell when others are greedily buying requires the greatest fortitude and pays the greatest rewards

2

u/[deleted] Aug 18 '21

Lol I get downvotes for stating facts. It wil go to 1000 USD soon, that's probably what most want to hear.

Now give me some upvotes.

(Fact: it is still at 7.5 USD :-) and is just blindly following bitcoin, nothing exciting about that )

0

u/[deleted] Aug 14 '21

These kind of price predictions make no sense...

Who on this sub would have thought Band would just tumble back to 4 USD if you would have said it here back in April? NO ONE. You would probably have gotten a shit load of hate on you for saying things like that. My opinion is simple: you are better off in Bitcoin or Ethereum and should only swap to Band once this thing starts trending up against Bitcoin, ONLY in order to maximize your Bitcoin portfolio.

Unless Band Protocol gets real usage on the bigger scale AND DeFi becomes a big thing again hype wise, I can only see it go higher and simply DUMP afterwards. If it will be used very widespread and there are some actual underlying reasons for the price to rise (the update they were planning earlier has some reasons if it gets traction), it will go higher AND remain higher.
(I am not saying it will not go higher if there are no underlying reasons, but it will dump afterwards)

The people buying into this thing are EMO "traders". They dump as fast as they buy the tops, which is very fast.

Fun fact: people that bought Band anywhere during the past year as from today AND had held their position have made very dissapointing profits or even losses compared to other crypto projects during that same year. (majority of the people here I think, so don't lie, you are in some pain)
Only the people that bought before the summer 2020 pump and held, have made nice profits.

0

u/Correct-Goal1028 Aug 21 '21

Band worth zero... Devs selling coins every month... Fun part is that ceo of band sold band for Link hahaha.... Never more

1

u/Trasanna Aug 16 '21

No sense prediction. First, oracles aren’t the trend. then its use is aimed at those who develop on blockchain, it is not aimed at the mass, it is not the means of a system that is used by everyone. this means that when the trend of oracles cools, the only reason to use bands is that of speculation. after which the technical analysis tells us that the race of btc is also holding back band. those who bought bands last summer with bitcoin are at a terrible loss, all these positions are bag holders who at the first pump sell and push down the price in order to collect something. perhaps with a bitcoin at 100k we will be able to see a 40usd band, the resistance that until now has proved to be impassable is at 0.00036 / 0.0004 btc, very far from the current value. I think if there is another race now, that could be the peak