BAND (Band) rose 21.82% in the last 24 hours

Gate News Bot news, on August 21, according to CoinMarketCap data, BAND (Band) is currently priced at 0.85 USD, with a rise of 21.82% in the last 24 hours, reaching a high of 0.93 USD and a low of 0.63 USD. The current market capitalization is approximately 140 million USD, an increase of 25.1 million USD compared to yesterday. Ranked 287th.

Band is a community-driven data platform providing a unified data layer for AI and Web3. Since 2018, Band has been dedicated to securely bringing data on-chain. The platform offers data feed services that connect Web3 applications to real-time financial data. Additionally, Band provides Membit services, updating AI knowledge through data hunters, as well as verifiable random function (VRF) services, offering a transparent randomization mechanism for games. Currently, Band has connected over 40 blockchains, with more than 11 data sources and over 79 validators, securing on-chain assets valued at $441 million and establishing partnerships with over 80 clients and partners.

Important recent news about BAND:

1️⃣ Band Protocol V3 version is about to be released Band Protocol is undergoing a testnet upgrade for version V3, which is expected to officially release Band Oracle V3 at the end of August. The new version will bring multi-chain support and faster data processing capabilities, which is expected to significantly enhance Band Protocol’s competitiveness and application scope in the Web3 ecosystem.

2️⃣ Strategic Partnership with Coreum Band Protocol has established a strategic alliance with the blockchain platform Coreum. This collaboration will enable Coreum to leverage Band’s oracle technology to provide reliable external data for decentralized applications within its ecosystem. This move helps to expand Band Protocol’s market capitalization and influence.

3️⃣ Collaborate with Sony subsidiary Soneium Minato Band Protocol announced a partnership with Soneium Minato, a subsidiary of Sony, aimed at providing robust oracle support for Web3 applications. This high-profile collaboration not only highlights Band Protocol’s position in the industry but also lays the groundwork for its future development in enterprise-level applications.

From a technical perspective, the price of BAND has broken through the recent consolidation range, showing a strong pump momentum. Positive developments in the fundamentals, especially the upcoming launch of the V3 version, provide strong support for the value of BAND. However, investors still need to closely monitor the overall trends in the cryptocurrency market and the actual applications following the release of the new version.

This message is not investment advice; investors should be aware of market volatility risks.