Chainlink Rival Band Protocol Surged 65% Overnight

Published on by Cointele | Published on

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Band Protocol, a rival blockchain network to Chainlink - which is also at an all-time high - surged by 65%. Within 24 hours, BAND rose from $4.825 to $8, setting a new record high.

Band Protocol, like Chainlink, is a blockchain network for oracles.

That is where oracles like Band Protocol and Chainlink come in.

Since July 6, the price of LINK rose from $4.74 to $9.6, by more than 100%.Coinbase listing of BAND. On Aug. 5, Zach Segal, the head of listings at Coinbase, said Coinbase Pro would list Band Protocol.

The official Coinbase Pro account said it would list BAND by August 10, as long as liquidity conditions are met.

Within one hour, the price of BAND surged from $5.6 to $8, after the Coinbase Pro listing was announced.

On Aug. 4, Band Protocol and Elrond announced a partnership to use Band's oracles to fetch off-chain data feeds.

"Congrats to the BAND team. Well deserved recognition for a team that works super hard and has proven that it can go against the odds. I expect more partnerships and exchange listings to come on the back of this."

"We've seen some amazing runs on the IEO's of Binance. Strongest movers are; KAVA, ERD and BAND as they all pulled a move of more than 10x. Recently, $PERL also joined the party with a big breakout. I think CELR, ONE and BRD can still join."

Whether the strong momentum of BAND could offset the threat of a post-Coinbase listing sell-off many cryptocurrencies saw in recent months remains uncertain.