Basic Attention Token (BAT) Predictions: Will BAT be Able to Revive from the Unprecedented Inconsistency

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Basic Attention Token (BAT) is a major crypto coin backed by Ethereum platform. This coin is associated with the digital marketing platform. It aims to bring efficiency and transparency in this field. The founder of the BAT coin is Brendan Eich- creator of JavaScript and co-founder of Mozilla. It is an open-source, decentralized crypto coin. This coin has its own browser called, Brave. It helps users by blocking trackers and malware.

Current Statistics-

BAT

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  • Basic Attention Token (BAT) is the 23rd largest crypto coin in the market.
  • The ROI (Return on Investment) of BAT coin stands at 110.38 %.
  • The current coin circulation figure stands at 1,249,441,615 BAT.
  • The market cap of BAT on 19th April at 02:34 UTC is 440,555,262 USD.
  • The value of each coin stands at 0.352602 USD and 0.00006739 BTC.
  • The 24 h volume stands at 50,171,511 USD at the same UTC.

Comparison-

Basic Attention Token (BAT) has started the year 2019 with a very low price of 0.12 USD. Over the last 100 days, the value has been tripled. For the initial period, the token showed stable growth. After that, it has been increasing gradually with not a single sight of bear throughout the year. The market boom of April 1st could not do much for BAT. But, after that period, some inconsistencies can be seen in the price. The market cap of BAT on 19th March was 243,227,235 USD. The value of each coin in terms of USD and BTC was 0.195565 USD and 0.00004854 BTC respectively. The current market cap is 81.12 % more than the market cap of 19th March. And the value in USD has inflated by 80.29 % in the last 30 days.

Prediction-

Basic Attention Token (BAT) is now hovering around 0.35 USD. We predict the price to move to 0.4 USD in the next 2 weeks. But at 0.45 USD, resistance is likely. This may further cool off the speed. After which the token may follow a stable growth. For the medium-term outlook, we predict the coin to reach as high as 0.5 USD to 0.6 USD by the end of next quarter. 2019’s end should see the coin at 1 USD level.

Conclusion-

We advise the short term holders to wait for the next resistance. This would make a perfect time for buying in. Medium-term holders are advised to wait for at least 2 quarters more before realizing a huge profit. Long term holders may be profited by 200% by the end of this year.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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