NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

BAND Price Doubles on Coinbase Listing Hype; What’s Next?

Yashu Gola
Yashu Gola
4 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • BAND, the native token of a decentralized oracle of the same name, surged by up to 100 percent this week.
  • The rally appeared in the days leading up to BAND’s listing on Coinbase Pro, a US-based crypto trading platform.
  • Nevertheless, the DeFi token now stands overbought according to its technical positioning. It ensures an imminent downside correction.

BAND, a decentralized finance token, doubled its market valuation in just four days of 24/7 trading.

The 68th largest cryptocurrency by market capitalization surged from as low as $3.81 on Monday to as high as $8.08 on Thursday.

The massive move made it one of the best-performing assets in the crypto industry, with its year-to-date profits now sitting more than 3,000 percent above zero, beating Bitcoin as well as its macro contenders like the S&P 500 and Gold.

band, bandusd, bandbtc, bitcoin, cryptocurrency, crypto

BAND/USD established an all-time high on Thursday at $8.08. Source: TradingView.com

The token is a part of the Band protocol. It is a decentralized oracle that serves as a layer-2 protocol on public blockchains. It enables decentralized applications (dApps) to borrow existing data on the internet without intermediaries. Meanwhile, its multi-token model ensures that data remains uncorrupted.

Band protocol has started to gain more traction as an oracle that powers the DeFi ecosystem. It launched its mainnet phase 0 and entered new partnerships with some of the leading DeFi projects. One of its recent partners is Elrond.

The blockchain platform announced Tuesday that it is integrating “BAND oracles to bring significant improvements to the current data availability and scalability” to their application ecosystem.

Coinbase Listing

While partnerships played an essential role in boosting BAND adoption among speculators, this week’s 100 percent rally mostly drew its inspiration from the token’s listing on Coinbase Pro.

On July 31, the US-based cryptocurrency trading platform issued a list of DeFi tokens that it would integrate into its services. One of the altcoins that made it to the final-list was BAND.

The news gradually developed into the conscience of traders, especially after Bitcoin’s pump-and-dump action on Sunday sent them looking for safe-haven alternatives. BAND, with its expected Coinbase Pro listing, served as the best bullish hedge.

Today, on August 6, the exchange announced that it had added BAND pairs to its platform. That gave the DeFi token direct access of highly liquid fiat markets, which include the US dollar, Euro, and Pound.

Mon, Aug 10, our BAND-USD, BAND-BTC, BAND-EUR & BAND-GBP order books will enter transfer-only mode, accepting inbound transfers of BAND in supported regions. Orders cannot be placed or filled. Trading will begin on/after 9AM PT the following day, if liquidity conditions are met.

— Coinbase Exchange 🛡️ (@CoinbaseExch) August 5, 2020

BAND/USD surged more than 5 percent ahead of the New York trading session Thursday, with analysts noting an extended upside run for the pair in the coming days.

Gautam Chhugani, an analyst at Sanford C. Bernstein, said BAND has an “uninterrupted road ahead,” adding that the token would go next for a public listing on a mainstream exchange. Excerpts from his tweet:

“Binance launchpad has delivered some gems. Coinbase has no choice but to go with user demand. But Coinbase has finally left its high ground & delivering what the ecosystem demands. IPO ahead!”

Technical Correction Ahead

The BAND’s bull run also took its price into an overbought area, so showed its momentum strength readings.

At the time of this writing, the BAND/USD’s daily Relative Strength Indicator flashed it 82. A reading above 70 is considered overbought. It means traders would want to neutralize the market with a sell-off at its local top.

While that may not harm the BAND’s overall bullish bias, it certainly risks pushing its price downwards towards its next potential support. As of now, that price floor is sitting near $5.26.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

比特幣突破12萬美元上望20萬 值得關注5種可能突然上漲100倍山寨幣

隨著七月第三週展開,加密貨幣市場迎來了技術形態突破與敘事轉換的關鍵時刻。比特幣延續突破勢頭,今日突破12萬美元大關,市場信心持續累積;而與此同時,一系列加密資產也開始呈現結構性機會。其中,XRP、So...

Mark Mak 1 hour ago
Bitcoin

Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s Peak

Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak...

Keshav Verma 1 hour ago

加密周引爆比特幣與山寨幣牛市狂潮 TOKEN6900強勢飆升中!

美國國會迎來「加密周」,比特幣衝刺關鍵12.5萬美元關口,山寨幣全面爆發,梗幣明星 TOKEN6900(T6900) 狂慶50萬美元里程碑! 目前T6900預售價僅為 $0.006575,或將成為下一...

estherw 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Exchange Inflows Spike After $123,000 Peak – Signs Of Short-Term Cooling?

Ash Tiwari 6 minutes ago
Bitcoin Price Breaks $100K

Bitcoin Price Retreats After Hitting ATH — Bulls Pause for Breath

Aayush Jindal 24 minutes ago

【全新升級】Bitunix整合TradingView圖表系統 打造移動裝置專業加密交易 

Peter Chow 36 minutes ago

Premium Sponsors

Press Releases

  • How XRP Users Can Make $1 Million from $100 in No Time at...

    2 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    6 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 megfizethető kriptó 9000%-os potenciállal, olyan...

    7 hours ago
  • 2 cenovo dostupné kryptomeny s potenciálom 9 000 %, podobne ako kúpa Etherea za 8 dolárov začiatkom roku 2017

    2 cenovo dostupné kryptomeny s potenciálom 9 000 %...

    8 hours ago
  • Bitcoin Hyper

    ...

    12 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.