A few people have asked me why I am bullish on $BAND?
The short answer is:
1. If you are bullish on DeFi long term like I am, you should own at least one of the liquid oracle solutions ie $LINK or $BAND as a way to get broad exposure to DeFi.
The short answer is:
1. If you are bullish on DeFi long term like I am, you should own at least one of the liquid oracle solutions ie $LINK or $BAND as a way to get broad exposure to DeFi.
2. $BAND is emerging as the most credible alternative to $LINK. This is illustrated by the partnerships $BAND has been able to win despite its short history. This is good for DeFi long term as multiple oracle solutions are needed.
3. With so many DeFi projects in the works, the opportunity set for $BAND is much bigger than it was when $LINK launched 3 years ago, so $BAND should be able to scale more quickly.
4. DeFi is going to be big in Asia for obvious reasons and $BAND is one of the few legitimate DeFi projects in Asia. In a short timespan, it has built a strong and growing community.
5. Staking of $BAND will be enabled shortly as a means to incentivize validators/data providers. This will bring the added benefit of reducing circulating supply near term.
6. With a circulating mkt cap of $20M and liquid mkt cap of $100M (1.5% and 3% of $LINK mkt cap), $BAND can go up 5-10x and still not be expensive.
7. $BAND is only listed on a major spot exchange, Binance. If $BAND continues its current trajectory, we can expect additional listings on other major spot exchanges later this year. It is already supported on Coinbase Custody.
