Can BAND make it to price discovery?

A
@Ibis
Jul 10, 2020

Don’t look now (especially if you’re a Chainlink fan), but BAND is getting awfully close to breaking its previous all time high.


Since Monday morning, the Band Protocol’s native token has been on a decidedly upward path, gaining +54.4% in the past 72 hours. At the time of writing, BAND is hovering around $1.66 on its way to retesting the all-time-high $1.96 recorded in early June.


Based on its timing, the catalyst for the rally appears to be the recently-announced roadmap for the Phase 1 of the upcoming BandChain mainnet, codenamed Guan Yu (Wikipedia tells me Guan Yu was a Chinese general often deified and dubbed ‘God of War’ by later emperors):


“Phase 1 [...] will support the permissionless creation of customizable data oracle scripts that can query any open data source or API on Web 2.0.“, reads the