Band is okay, if you're after a real decentralised oracle token then you need to be looking at Tellor (TRB).
Previously, Chainlink was a major player in Oracle Data because they still understand a little about its importance in this ecosystem and in the past few years I have seen one of these is Tellor but there is very little publication, one of the competitors who has taken over the main role in the domination of data providers, namely BAND, maybe if Tellor is ready even their marketing is very good not the 3rd possibility is Chainlink, BAND, Tellor
I think BAND has those chances to increase, and maybe the price will pass $10 in a short time. We don't know because as long as bitcoin price still is like this, the altcoin and the token will be up and down following bitcoin price. BAND have less total supply than LINK tokens, so maybe that can make the price to increase higher. But we should wait for a while and see what will happen to the market.
Basically the increase was not due to supply, I see that the increase in BAND is very significant because the public is aware that Chainlink's dominance in data providers will be taken over by BAND, even you may not have heard of one of the other competitors, namely Tellor in providing Oracle data