Optimism

Rise

<p><strong>BAND </strong>crypto witnessed a massive spot volume surge of more than 280% in the past 24 hours, followed by its market cap surge of nearly 10%. Meanwhile, in the past three weeks, the BAND protocol has surged more than 65% on the price chart.</p> 
<p>Its market cap has recovered from $129 Million on July 5th to $223.3 Million, a sof writing. The rank this asset has is 225th, on the basis of its market cap, and its volume of spot has amounted to $24.90 million. The liquidity appears good at 11.10% in the asset which signifies hassle-free buy and sell could be initiated by investors on the exchange closest to its price value.&nbsp;</p> 
<p>per its tokenomics, most of its total supply floats in circulation, where the supply in total stands at 149.12 Million <a href="https://www.thecoinrepublic.com/price-prediction/band-protocol/">BAND</a>, and the floating supply stands at 144.72 Million BAND.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="586" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-154-1024x586.png" alt="Holders &amp; Richest address | Source: Coincarp" class="wp-image-628718" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-154-1024x586.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-154-300x172.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-154-768x439.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-154-150x86.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-154-696x398.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-154-1068x611.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-154.png 1379w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Holders &amp; Richest address | Source: Coincarp
 </figcaption>
</figure> 
<p>Per the rich list, the holders have increased over time and have reached 35318 holders over time, which signified growing adoption among holders.&nbsp;</p> 
<p>Meanwhile, the top 10 holders hold the most of the circulating supply. Precisely, the top 10 holders hold 84.18%, whereas the top 100 holds 96.99%. Over the look at holder’s addresses, the number 1 holds 62.39%.</p> 
<h2 class="wp-block-heading" id="h-socials-showcased-optimism-in-band-protocol"><strong>Socials Showcased Optimism In BAND Protocol!</strong></h2> 
<p>Over the X platform, many analysts, traders, and investors are optimistic about the asset potential ahead and showered their optimism.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="646" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-153-1024x646.png" alt="Socials Optimism | Source: X" class="wp-image-628713" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-153-1024x646.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-153-300x189.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-153-768x484.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-153-150x95.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-153-696x439.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-153-1068x674.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-153.png 1454w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Socials Optimism | Source: X
 </figcaption>
</figure> 
<p>One of them, <strong>@WorldOfChart1</strong>, has highlighted that the price could head a 2x bullish wave in the coming sessions ahead.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Band&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Band</a><br><br>Testing Crucial Resistance Of Descending Breakout Can Lead 2x Bullish Wave In Midterm <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Band?src=hash&amp;ref_src=twsrc%5Etfw">#Band</a> <a href="https://t.co/LgMetaAsUU">pic.twitter.com/LgMetaAsUU</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1816867120162177055?ref_src=twsrc%5Etfw">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Its investors and traders looked confident for further appreciation with time.</p> 
<h2 class="wp-block-heading" id="h-what-does-band-protocol-on-chain-data-highlights"><strong>What Does BAND Protocol On-chain data highlights?</strong></h2> 
<p>The daily active addresses chart showcased growth in the holders where new addresses registered was 17, and the number of transactions has increased to 183 txs. Meanwhile, the transaction volume stands at 521.11K BAND, which has shown a surge.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="615" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-152-1024x615.png" alt="On-chain data | Source: IXFI" class="wp-image-628708" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-152-1024x615.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-152-300x180.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-152-768x461.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-152-150x90.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-152-696x418.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-152-1068x641.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-152.png 1337w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The <strong>GitHub </strong>activity has been rising and has reached 46.03K commits; this exhibited that the developers are working seamlessly in the backend for the platform’s betterment.</p> 
<h2 class="wp-block-heading" id="h-band-crypto-analysis-over-daily-chart"><strong>Band Crypto Analysis Over Daily Chart</strong></h2> 
<p>From mid-October 2023 to mid-March 2024, the price of <strong>BAND </strong>has grown nearly 200%. In that span of time, the price advanced from $0.991 to $2.908. However, instability led to price plummetation, where the price ended in a falling wedge for nearly 120 days.</p> 
<p>Thereon, the broader market sentiment turned green with BTC’s rise from July 5th onwards. In the past 3 weeks, the BAND has increased more than 65%.</p> 
<p>The indicators show that the price has breached the 50-day EMA and has been facing a struggle to pierce the 200-day EMA. The MACD has surged with a growing histogram at $0.037, and the RSI flashed at 66.09.</p>    
<p><a href="https://in.tradingview.com/chart/BANDUSD/qiE1XwBw-Band-Crypto-Analysis-Over-Daily-Chart/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a></p>  
<p>Therefore, if the price advances then it could encounter resistance at $1.85, and $2.34, respectively. However, if the price dips then the price could hit supports at $1.28, and $0.92, respectively.</p> 
<h3 class="wp-block-heading" id="h-key-snapshot-of-band-shows-65-growth"><strong>Key Snapshot Of BAND Shows 65% Growth</strong></h3> 
<p>In short, BAND crypto surges 65% in 3 weeks with massive spot volume and market cap gains. Strong fundamentals, positive sentiment, and technical indicators drive price rally, but high token concentration remains a concern.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/28/band-volume-explodes-280-price-on-fire-can-it-rise-2x/">BAND Volume Explodes 280%, Price on Fire: Can it Rise 2x?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

BAND Volume Explodes 280%, Price on Fire: Can it Rise 2x?

Table of Contents

Thecoinrepublic.com

Autres articles publiés le 28 juil. 2024

State of Michigan Purchases $6.6M in Bitcoin ETFs for Pension Fund

Crypto: Donald Trump decides to fire Gary Gensler!

Trump Reveals Big Crypto Plans at Bitcoin Conference 2024

Donald Trump’s Crypto Fundraiser Gathers Momentum at Bitcoin Conference

Trump’s Pro-Crypto Speech Fails to Rally XRP as SEC Pressure Intensifies

Teksight Edge facilitates MOU signing for TECNO’s CSR initiative in Lagos

Join our free newsletter for daily crypto updates!