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Chainlink Competitor Band Protocol Surges In Minutes

Chainlik (Courtesy: newsbtc.com)

Cryptocurrency are making increasingly high gains in the market in the recent times. It seem to be a bullish period where investors are equally profited with the growth in the business.

In a matter of five minutes, Band Protocol (BAND) gained approximately 45% against the U.S. dollar as buying volume surged. The asset jumped from the $5.40 high it was trading at towards a local high of about $7.91 within the span of one four-hour candle.

According to data from TradingView.com, a majority of the gains of the surge were incurred within a five-minute period. The reason for this surge is simple: Coinbase Pro. More accurately, as the asset surged higher, the leading cryptocurrency exchange announced via tweets that it had listed Band Protocol.

“Mon, Aug 10, our BAND-USD, BAND-BTC, BAND-EUR & BAND-GBP order books will enter transfer-only mode, accepting inbound transfers of BAND in supported regions. Orders cannot be placed or filled. Trading will begin on/after 9AM PT the following day, if liquidity conditions are met,” Coinbase Pro.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.