{"id":431497,"date":"2020-07-20T17:00:16","date_gmt":"2020-07-20T17:00:16","guid":{"rendered":"https:\/\/wncen.com\/?p=431497"},"modified":"2020-07-20T14:07:30","modified_gmt":"2020-07-20T14:07:30","slug":"band-protocols-bandusdt-bandusd-pump","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/band-protocols-bandusdt-bandusd-pump\/","title":{"rendered":"What\u2019s Behind Band Protocol\u2019s Spectacular One-Month 300% Pump?"},"content":{"rendered":"

Its alt season and that means nearly every passing day a new altcoin is taking center stage and providing investors with wild returns. Over the last several weeks, the story has been focused on the unstoppable altcoin Chainlink<\/a>. But now, things have turned toward another decentralized oracle solution, called Band protocol.<\/p>\n

Band has pumped since the start of July by well over 300% and is still soaring. What’s behind the crypto asset’s spectacular single-month surge?<\/p>\n

Band Practice: Was Chainlink Just Clearing The Way For a New Oracle Protocol?<\/h2>\n

Altcoins everywhere are booming. Bitcoin dominance falling from recent highs has left room for the alternative crypto assets to finally regain some lost ground against the king of crypto.<\/p>\n

When altcoin season does arrive, assets often go on hundreds to thousand percent rallies leaving Bitcoin in their dust. And that’s exactly what’s happening left and right across the crypto market right now.<\/p>\n

Related Reading | Mega Bitfinex Bitcoin Whale: Chainlink FOMO Will Eventually Fizzle<\/a><\/strong><\/em><\/p>\n

In the last month alone, several altcoins have gone on a few hundred percent rallies. Chainlink<\/a> tops the list with the most highly publicized bull run, with the asset up over 70% this month and over 300% year-to-date.<\/p>\n

Buzz has followed the decentralized oracle protocol throughout its existence, keeping its bullish momentum high. The altcoin was even honored by the World Economic Forum<\/a> recently for its powerful, transformative data technology.<\/p>\n

But as analysts fear profit-taking and retracement is near<\/a>, another decentralized oracle solution has suddenly started surging.<\/p>\n

\"band BANDUSDT Weekly | Source: TradingView<\/a><\/pre>\n

In It For The Tech: Decentralized Oracles Reward Savvy Crypto Investors<\/h2>\n

Now, it is Band protocol<\/a>‘s turn to steal Chainlink’s thunder. The asset is up on both the BANDUSD and BANDBTC trading pairs well over 300% and still climbing.<\/p>\n

But what’s causing such a powerful run in an altcoin that’s relatively new? Why aren’t investors shifting profits from Chainlink into other top crypto assets like Ethereum or Tezos?<\/p>\n

\"<\/p>\n

BANDBTC Weekly | Source: TradingView<\/a><\/pre>\n

It is possible, that the same investors fueling the Chainlink rally are also behind the boost to Band. Both crypto altcoins underpin a protocol focused on decentralized oracles, and Band could easily be the next big thing if the technology is really what’s behind the long-term growth of Chainlink.<\/p>\n

Related Reading | Small Cap Altcoins Have Outperformed Bitcoin By 5x in 2020<\/a><\/strong><\/em><\/p>\n

Chainlink is currently ranked number 10<\/a> by market cap, inching closer to just under $3 billion in value. Band protocol, however, is ranked 84 and has a meager market cap of under $100 million. Sharp-eyed investors likely see this as a sound investment in an altcoin with plenty of room to grow, focused on a technology that clearly has hype behind it.<\/p>\n

Given Chainlink’s performance and the fact that these investors are sitting so pretty in profit, throwing some spare capital into Band may be a no brainer. It may turn out to be a stroke of brilliance if Band offers similar returns has Chainlink has. And that’s exactly what investors who are actually “in it for the tech” are hoping for.<\/p>\n","protected":false},"excerpt":{"rendered":"

Its alt season and that means nearly every passing day a new altcoin is taking center stage and providing investors with wild returns. Over the last several weeks, the story has been focused on the unstoppable altcoin Chainlink. But now, things have turned toward another decentralized oracle solution, called Band protocol. Band has pumped since the start of July by well over 300% and is still soaring. What’s behind the crypto asset’s spectacular single-month surge? Band Practice: Was Chainlink Just Clearing The Way For a New Oracle Protocol? Altcoins everywhere are booming. Bitcoin dominance falling from recent highs has left room for the alternative crypto assets to finally regain some lost ground against the king of crypto. When altcoin season does arrive, assets often go on hundreds to thousand percent rallies leaving Bitcoin in their dust. And that’s exactly what’s happening left and right across the crypto market right now. Related Reading | Mega Bitfinex Bitcoin Whale: Chainlink FOMO Will Eventually Fizzle In the last month alone, several altcoins have gone on a few hundred percent rallies. Chainlink tops the list with the most highly publicized bull run, with the asset up over 70% this month and over 300% year-to-date. Buzz has followed the decentralized oracle protocol throughout its existence, keeping its bullish momentum high. The altcoin was even honored by the World Economic Forum recently for its powerful, transformative data technology. But as analysts fear profit-taking and retracement is near, another decentralized oracle solution has suddenly started surging. BANDUSDT Weekly | Source: TradingView In It For The Tech: Decentralized Oracles Reward Savvy Crypto Investors Now, it is Band protocol‘s turn to steal Chainlink’s thunder. The asset is up on both the BANDUSD and BANDBTC trading pairs well over 300% and still climbing. But what’s causing such a powerful run in an altcoin that’s relatively new? Why aren’t investors shifting profits from Chainlink into other top crypto assets like Ethereum or Tezos? BANDBTC Weekly | Source: TradingView It is possible, that the same investors fueling the Chainlink rally are also behind the boost to Band. Both crypto altcoins underpin a protocol focused on decentralized oracles, and Band could easily be the next big thing if the technology is really what’s behind the long-term growth of Chainlink. Related Reading | Small Cap Altcoins Have Outperformed Bitcoin By 5x in 2020 Chainlink is currently ranked number 10 by market cap, inching closer to just under $3 billion in value. Band protocol, however, is ranked 84 and has a meager market cap of under $100 million. Sharp-eyed investors likely see this as a sound investment in an altcoin with plenty of room to grow, focused on a technology that clearly has hype behind it. Given Chainlink’s performance and the fact that these investors are sitting so pretty in profit, throwing some spare capital into Band may be a no brainer. It may turn out to be a stroke of brilliance if Band offers similar returns has Chainlink has. And that’s exactly what investors who are actually “in it for the tech” are hoping for.<\/p>\n","protected":false},"author":517,"featured_media":431507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,79640,79641,79644,79642,79643,16295,6664,75941,75940,79480,11532],"class_list":["post-431497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-band","tag-band-protocol","tag-bandbtc","tag-bandusd","tag-bandusdt","tag-chainlink","tag-crypto","tag-linkbtc","tag-linkusd","tag-linkusdt","tag-oracles"],"acf":[],"yoast_head":"\nWhat\u2019s Behind Band Protocol\u2019s Spectacular One-Month 300% Pump?<\/title>\n<meta name=\"description\" content=\"Its alt season and that means nearly every passing day a new altcoin is taking center stage and providing investors with wild returns. 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"What\u2019s Behind Band Protocol\u2019s Spectacular One-Month 300% Pump?","url":"http:\/\/wncen.com\/news\/band-protocols-bandusdt-bandusd-pump\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/band-protocols-bandusdt-bandusd-pump\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/band-protocol-crypto-bandusdt-bandusd-bandbtc-Depositphotos_69467483_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/band-protocol-crypto-bandusdt-bandusd-bandbtc-Depositphotos_69467483_xl-2015-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","band","band protocol","bandbtc","bandusd","bandusdt","chainlink","crypto","linkbtc","linkusd","linkusdt","oracles"],"dateCreated":"2020-07-20T17:00:16Z","datePublished":"2020-07-20T17:00:16Z","dateModified":"2020-07-20T17:00:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"What\\u2019s Behind Band Protocol\\u2019s Spectacular One-Month 300% Pump?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/band-protocols-bandusdt-bandusd-pump\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/band-protocols-bandusdt-bandusd-pump\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/band-protocol-crypto-bandusdt-bandusd-bandbtc-Depositphotos_69467483_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/band-protocol-crypto-bandusdt-bandusd-bandbtc-Depositphotos_69467483_xl-2015-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"band\",\"band protocol\",\"bandbtc\",\"bandusd\",\"bandusdt\",\"chainlink\",\"crypto\",\"linkbtc\",\"linkusd\",\"linkusdt\",\"oracles\"],\"dateCreated\":\"2020-07-20T17:00:16Z\",\"datePublished\":\"2020-07-20T17:00:16Z\",\"dateModified\":\"2020-07-20T17:00:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/band-protocol-crypto-bandusdt-bandusd-bandbtc-Depositphotos_69467483_xl-2015-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/431497"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=431497"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/431497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/431507"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=431497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=431497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=431497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}