Chainlink Competitor Band Protocol Surges In Minutes

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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.