Chainlink Competitor Band Protocol (BAND) Surges 45% In 5 Minutes: Here’s Why
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Chainlink Competitor Band Protocol (BAND) Surges 45% In 5 Minutes: Here’s Why

THELOGICALINDIAN - It seems that the canicule of atomic crypto assets are aback In the amount of about bristles account Band Protocol BAND acquired about 45 adjoin the US dollar as affairs aggregate surged

The blueprint beneath is from Alex Kruger, an analyst in the cryptocurrency space. It shows that the asset jumped from the $5.40 aerial it was trading at appear a bounded aerial of about $7.91 aural the amount of one four-hour candle.

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According to data from TradingView.com, a majority of the assets of the billow were incurred aural a five-minute period.

Why is Band Up So Much In 5 Minutes?

The acumen for this billow is simple: Coinbase Pro. More accurately, as the asset surged higher, the arch cryptocurrency barter appear via tweets that it had listed Band Protocol.

“Mon, Aug 10, our BAND-USD, BAND-BTC, BAND-EUR & BAND-GBP adjustment books will access transfer-only mode, accepting entering transfers of BAND in accurate regions. Orders cannot be placed or filled. Trading will activate on/after 9AM PT the afterward day, if clamminess altitude are met.”

BAND tokens proceeded to assemblage as this was the aboriginal above barter they had been listed on abreast from Binance, which afresh launched futures for the cryptocurrency.

The cryptocurrency was additionally benefiting from a afresh appear affiliation with Elrond. 

“ElrondNetwork $ERD, a arch blockchain belvedere focused on scalability, has called to accommodate $BAND oracles to accompany cogent improvements to the absolute abstracts availability and scalability in their rapidly growing appliance ecosystem.”

Chainlink is Also Surging

Band is a aggressive cryptocurrency to Chainlink, the community-favorite cryptocurrency that has rallied hundreds of percent back the alpha of the year.

Chainlink, already listed on Coinbase, has been ambulatory over contempo canicule on absolute affect from traders, a bullish chart, and partnerships.