Band Protocol (BAND), To Chainlink altcoin Quite similarly, it is a cross-chain data oracle platform that can take real-world data and provide it on-chain.
The BAND price will make a sudden attack from the $1.10 level in a short time and exceed $3.50. cryptocurrency market aroused curiosity among its followers.
The Secret of the BAND Altcoin’s Rise is in the Update Proposal?
Band Protocol gave hints of its latest technological development at its meeting on Wednesday.
Then, a few hours later, they announced a proposal to upgrade the BandChain mainnet to V2.4. It is estimated that the upgrade will take place on November 21 at 17:00 Turkish time. The purpose of the upgrade will be to increase the throughput tenfold by optimizing the owasm runtime.
This is the primary development that may have led to the bullish trend for the coin. However, the community believes this is not a reason for the pump. One blockchain fan tweeted that they are “manipulating the price over mediocre news.” There isn’t a lot of clarity on what drives the coin’s price crazy.
NASDAQ-listed stock Bandwidth Inc. it is currently pumping with the same symbol (BAND) as the altcoin. The cloud communications company also smashed earnings expectations. Analysts had forecast Bandwidth to earn only $0.03 per share (pro forma), but Bandwidth earned $0.27. That’s nine times more than expected.
It seems like an incredible coincidence that both the stock and the BAND crypto are gaining in value.
*Not investment advice.
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