BAND (Band Protocol) as Large-cap Ethereum based Token is 45th in the 2100NEWS ranking. The quality of the order book of BAND is Poor. The average quality of the order book for large caps members of the NWSL100 index is 16.8. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
BAND has been launched in 44 exchanges.
iExec as Large-cap Ethereum based Token is 45th in 2100NEWS ranking (after Index Review of 11th September 2020). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 15, (Average for Large caps: 16.6)
Over the past week, the average market cap was $131.3 million, average daily volume was $70.5 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the BAND (Band Protocol) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). On average (violet area chart), the relationship between BAND to NWSL100 has shown that it was stronger during August. Over the last three months, it has outperformed NWSL100 by 174%. However, if we compare the BAND green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is very strong (Pearsons correlation coefficient = 0.94). It was moving in the same direction as the NWSL100. So, it has been a good representative of the NWSL100 index in terms of price changes.
*The chart below shows the BAND compared to NWSL100 at the top, the box in the middle of the chart shows the original BAND price, and at the bottom of the chart we see NWSL100 and the correlation between BAND and NWSL100.
According to Etherscan, there are 10,054 token holders (at the time of this article’s writing).
They were quite busy this year. In August 2020, the Band protocol met quite a few goals: they launched of GuanYu Proof-of-Authority Mainnet, the token BAND was listed on major crypto exchanges. They have also entered into some important partnerships. All their subsequent actions, however, will be tied to phase 2, which is Full bridge implementation. Community is also very important to them. They regularly post news on social media. They have 33.1K followers on Twitter.
About Band Protocol – what they do
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.
Band’s flexible oracle design allows developers to query any data including real-world events, sports, weather, random numbers and more. Developers can create custom-made oracles using WebAssembly to connect smart contracts with traditional web APIs within minutes.
BandChain, is designed to be compatible with most smart contract and blockchain development frameworks. It does the heavy lifting jobs of pulling data from external sources, aggregating them, and packaging them into the format that’s easy to use and verified efficiently across multiple blockchains.
BandChain is a high-performance public blockchain that allows anyone to make a request for APIs and services available on the traditional web. It is built on top of the Cosmos SDK, and utilizes Tendermint’s Byzantine Fault Tolerance consensus algorithm to reach immediate finality. This finality is specifically reached upon getting confirmations from a sufficient number of block validators.
Band Protocol is based in Bangkok, Thailand. The core team consists of Soravis Srinawakoon (CEO & Co-founder), Sorawit Suriyakarn (CTO & Co-founder) and Paul Nattapatsiri (CPO & Co-founder).
Exchanges: 1inch Exchange, ATOMARS, Balancer, Bilaxy, Binance, Binance.US, BitAsset, Bithumb Global, Bitkub, BitMax, Bitrue, BitZ, BW.com, Coinbase Pro, CoinDCX, Coinone, Coinsbit, CoinTiger, Dcoin, EXX, Folgory, Gate.io, Giottus, HBTC, Hotbit, Hubi, Huobi Global, Huobi Korea, IDEX, Kyber , Network, LATOKEN, Mooniswap, Nominex, OKEx, Poloniex, ProBit Exchange, Satang Pro, Sushiswap, Uniswap, Uniswap (V2), UPEX, WazirX, WhiteBIT, ZG.com.
You can follow them: Github Medium Twitter
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens BAND.