fbpx
QQQ
+ 0.00
331.51
+ 0%
DIA
+ 0.00
345.54
+ 0%
SPY
+ 0.00
419.10
+ 0%
TLT
+ 0.00
139.92
+ 0%
GLD
+ 0.00
170.04
+ 0%

BAND Cryptocurrency Surges 32% After Google Partnership

April 15, 2021 12:46 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
BAND Cryptocurrency Surges 32% After Google Partnership

Cross-chain data oracle blockchain, Band Protocol, announced that Alphabet Inc (NASDAQ:GOOGL)'s Google will be integrating its decentralized oracle solution on Google Cloud BigQuery.

What Happened: “The integration and use-case of $BAND enable reliable price discovery mechanisms – crucial to all capital markets,” stated Band on Twitter.

The news was perceived as extremely bullish for Band, as the protocol surged 18% in the 30 minutes of announcing the news.

Over the past 24-hours, BAND gained 37%, and the trading volume for the cryptocurrency was up by 229%.

At the time of writing, BAND was trading at an all-time high of $22.07. Year-to-date, the cryptocurrency has grown by over 300%.

Why It Matters: “The data we’re using comes from the Band Protocol public dataset available in Google BigQuery,” said Evgeny Medvedev, a Google Cloud developer.

Band’s sample query will allow users to gain access to the latest and historical prices in USD of 100 currency pairs, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Decentralized oracle solutions have provided an important piece of infrastructure across crypto markets, but so far, Chainlink has dominated the space being the “preferred oracle solution” for a majority of DeFi protocols.

Band’s new partnership with Google was said to be “massive news” by several traders in the space.

“These are the announcements that fundamental analysis does not cover,” said one trader, adding that betting on good projects with real and fast development eventually pays off.

Band was initially launched on the Ethereum blockchain as an ERC-20 project but later migrated to the Cosmos network after the release of Band Protocol 2.0. The project has received investment from major investors like Sequoia Capital, Dunamu & Partners, Spartan Group, and Binance.


Related Articles

Crypto Gains Bought A House For Washington Engineer Who Bet On Chainlink And Avoided Dogecoin Like The Plague

A software engineer is crediting cryptocurrency investments for helping him purchase his dream home, but his strategy did not involve buying meme cryptocurrencies such as Dogecoin (DOGE), MarketWatch read more

20 Picks From The 2021 CNBC 'Stock Draft': Bitcoin, Amazon, Ark Lead The Way

The annual CNBC Stock Draft was held on Thursday. Ten professional investors, athletes and celebrities each chose two picks from a list of 60 investment ideas. The contest will crown the winner as the team with the highest average return from April 29, 2021, to Feb. 11, 2022, the Friday before the Super Bowl. read more

Dogecoin Is Losing The Interest Of Americans: What You Should Know

The “interest over time” in Dogecoin (DOGE) is waning, according to Google Trends, a search trends feature that measures how frequently a given search term is entered into the search engine run by Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: read more

If Dogecoin Falls Out Of Favor, Can Another Cryptocurrency Become Similar Pump Target?

Dogecoin (DOGE) is losing the social media momentum which reached new heights ahead of April 20 "Doge Day." If the trend were to continue and DOGE falls out of favor as a pump target, can another cryptocurrency emerge to take its place? read more