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Bittime - BAND is one of the cryptocurrencies that attract investors' attention in 2023. The coin is an asset of Band Protocol, a platform that provides a trusted data feed for decentralized finance (DeFi) applications.
BAND has established partnerships with several major crypto projects, such as Ripple, Horizen, and Elrond. As of February 16, 2024, the price of BAND is around $2.10 (Rp30,240) per coin, up 0.48% in the last 24 hours.
What is Band Protocol?
Band Protocol is a platform that aims to connect the worlds of decentralized finance (DeFi) and traditional finance. Band Protocol provides trusted data feeds for DeFi applications, such as oracles, swaps, and lending. These data feeds are sourced from various data providers, such as Bloomberg, CoinMarketCap, and Chainlink.
The Band Protocol uses a Proof-of-Stake (PoS) consensus mechanism and is powered by the BAND coin. Band owners can trade, buy, and sell Band Protocol coins on various crypto exchanges, such as Binance, Coinbase, and Huobi. BAND owners can also participate in the data validation process and earn rewards in the form of BANDs.
Band Protocol has established partnerships with several major crypto projects, such as Ripple, Horizen, and Elrond. Band Protocol has also been integrated with several popular DeFi platforms, such as PancakeSwap, SushiSwap, and Aave.
BAND Price Today
Based on monitoring data from Bittime, today's BAND price has increased by 2.53% in the last 24 hours. Currently, BAND is trading at Rp32,198 per coin.
Source: Bittime
BAND Price Prediction
Several analysts and crypto platforms have given BAND price predictions for the short and long term. However, keep in mind that crypto price predictions are often inaccurate and subject to change at any time. The following are some BAND price predictions from different sources:
Predictions for 2024:
- CoinCodex: $2.20 (Rp31,680) on February 21 and $5.43 (Rp78,144) on March 17.
- DigitalCoinPrice: $4.07 (Rp58,536) by the end of 2024.
- Bitnation: $5.20 (Rp74,880) by the end of 2024.
Predictions for 2025:
- DigitalCoinPrice: $4.95 (Rp71,280) by the end of 2025.
- Bitnation: $7.28 (Rp104,832) by the end of 2025.
Predictions for 2030:
- DigitalCoinPrice: $15.12 (Rp217,728) by the end of 2030.
- Bitnation: $17.68 (Rp254,016) by the end of 2030.
BAND Price History
BAND started trading in September 2019 at a price of around $0.47 (Rp6,756) per coin. In April 2020, the price of BAND soared above $1 and reached an all-time high of $15.46 (Rp222,816) in September 2020. In April 2021, BAND reached a new record high of $23.19 (Rp333,984) per coin. However, by the end of that year, the price of BAND plummeted to $5.02 (Rp72,288) per coin.
In 2022, BAND saw a drop of more than 70%, closing at the end of the year at around $1.40 (Rp20,160) per coin.
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BAND performance in 2023 and 2024
2023 is a turbulent year for BAND. The price of BAND initially rose, passing $2 in January and February. However, the price of BAND fell again in the middle of the year after a lawsuit from the US SEC against crypto exchanges Binance and Coinbase. In June 2023, the price of BAND drops to $0.9551 (Rp13,742) per coin.
The price of BAND briefly recovered after that, reaching $1.47 (Rp21,144) per coin in July, but fell again in mid-August. However, BAND eventually experienced gains throughout 2023, closing at $2.19 (Rp31,536) per coin.
On February 16, 2024, the price of BAND strengthened again and reached $2.10 (Rp30,240) per coin.
Conclusion
BAND is a cryptocurrency that is catching the attention of investors in 2023. The coin is an asset of Band Protocol, a platform that provides a trusted data feed for DeFi applications. BAND has established partnerships with several major crypto projects, such as Ripple, Horizen, and Elrond.
Some analysts and crypto platforms have provided BAND price predictions for the short and long term, but these predictions are often inaccurate and subject to change. The price of BAND has experienced significant fluctuations since its launch in 2019, and currently sits at around $2.10 (Rp30,240) per coin.
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How to Buy Band Protocol (BAND) on Bittime
You can buy and sell Band Protocol (BAND) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Band Protocol (BAND) is available on Bittime with a market pair of BAND/IDR. To be able to buy TICKER IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Band Protocol (BAND) on Bittime.
Monitor the price chart movements of Band Protocol (BAND), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Understanding the Protocol on the Blockchain
What is Proof of Attendance Protocol?
AVAX Price Weakens Ahead of Release of 9.5 Million Tokens
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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