If you are bullish on #defi and smart contract adoption, you want to get exposure to infrastructure protocol like oracle. Smart contract can't access real-world data and APIs and oracle like $BAND solve this problem
So the question is how big can $BAND grow and capture value relative to $LINK
Exchange token shows better ratio with $HT at 40% of $BNB value while $OKB and $FTX are around 10%
If $BAND does similar ratio of 10-15% of $LINK - that puts it already at $10
Now let's talk about fundamental which boils down to
- tech
- adoption
- team
- key growth areas
this allows some differentiations to existing oracles:
Scalability: oracle computation is independent of destination blockchain like ETH so it prevents network congestion issue, faster blocktime
Flexibility: with oracle demand being more niche & custom, having flexibility to define your own oracle request easily is pretty neat, solve long tail of use cases
Geography: Asia dominates trading + adoption with more relaxed government
projects start to see the importance of using multiple oracles to secure their network
while young, @SSrinawakoon has experiences working with C-level executives in many top tier companies while he worked at @BCG. @stanford degrees in computer science and management
@nomorebear seems geeky with @MIT degree
Many exciting things to come that BAND has not even touched yet e.g. in the coming years, there will be
More work with enterprises (Sequoia will be good connector)
More adoption with defi and other smart contracts
None of this will happen overnight
but $10 seems pretty easy and do-able if they can execute on only some of the above
Just my two pickles
#DYOR
given a lot more vaporwares in top 100, i think BAND deserves top 50 spots