Band Protocol news
End of bull run? The Graph awaits correction after a 200% GRT price rally
The Graph (GRT) price slipped on Feb. 8 alongside a broader correction across the top crypto assets. GRT price skyrockets wi other data management tokens GRT price plunged nearly 14.5% intraday to $0.18, showing signs of short-term upside exhaustion after rising over 200% earlier in the year. At its sessional high, the token was changing hands for $0.23 on Feb 7, its highest level in nine months Buy flocked into the GRT market amid a relatively stronger risk-on mood, led by the Federal Reserve's slower interest rate hikes and a strong recovery witnessed in the Bitcoin (BTC) market, which typically …
Markets / Feb. 8, 2023
Oracle tokens turn bullish as blockchain projects focus on interoperability
2022 looks to be a transformative year for the cryptocurrency ecosystem as the focus on interoperability between siloed blockchain networks comes to the forefront and a multitude of projects announce plans to interconnect their platforms with other protocols. One sector of the crypto ecosystem that will play a vital role in ensuring smooth communication and interaction between networks are oracles projects like Chainlink (LINK) and Band Protocol (BAND). Oracles relay data in a consistent, secure and decentralized manner and this is key to providing price feeds for the DeFi sector and for centralized exchanges. As shown in the graphic above, …
Adoption / Jan. 6, 2022