Band Protocol Price Analysis – 6th October 2021
Band Protocol Price Analysis - 6th October 2021
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. BAND is an Ethereum based ERC-20 token. While blockchains are great at immutable storage and deterministic, verifiable computations, they cannot securely access data available outside the blockchain networks. Band Protocol addresses this issue by enabling smart contract applications such as DeFi, prediction markets, and games to be built on-chain – without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a network of stakeholders including Sequoia Capital, and the Binance exchange.
Technical Analysis
Roadmaps for future market movements can be found on high timeframes using Exponential Moving Averages, Volume Profile Visible Range, Pivot Points, Ichimoku Cloud, and divergences. Further background information on the technical analysis discussed below can be found here.
Watch full BAND Coin Technical Analysis on YouTube
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