Basic Attention Token (BAT) Price Analysis: BAT Achieving New Heights Every Month

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Basic Attention Token (BAT) created by Javascript and co-founder of Mozilla, is an open source, decentralized ad exchange platform. This project is built on the Ethereum platform. The project aims to address fraud in digital advertising. The value of the token is based on user attention wherein users can block ads, pay to see different ads or view ads and earn BAT tokens in exchange. Advertisers, on the other hand, receive high returns on investments through better targets and reduced fraud. Here, the identity of the users is kept anonymous. The BAT ecosystem includes Brave, an open source, centered privacy browser designed to block trackers and malware. It leverages blockchain technology to track the user attention secured as well as anonymous and rewards publishers accordingly.

BAT

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Current Statistics:

Currently, Basic Attention Token (BAT) is ranked on 25th position. The current market cap of BAT is 364,621,586 USD with a price (USD) of 0.292020 and BTC price is 0.00005859 as on April 5, at 7:02 UTC time. The 24h volume is 44,954,709 USD with a circulating supply of 1,248,616,783 BAT.

Data Analysis and Interpretation:

Looking at the chart above by the Coinmarketcap, we notice that the all-time high price (USD) 0.303313 with a market capitalization of 378,570,482 USD from the start of the year 2019 till now was observed on April 1, when the crypto market was on its peak. Comparing the last four days of data, it is 3.72% lower today. Considering the data from March 10 to March 30, Basic Attention Token had a moderate growth rate. The year 2019 started with a substantial movement of the price (USD) scale movement of the price (USD) scale for the first month. Then a peak was observed after a relaxing movement on February 07 with a price (USD) 0.134299. Later, it was almost after a month to the first pinnacle attained on March 02 with a price (USD) 0.191346. Now, comparing the monthly peaks of the token in order to see the growth, we notice that it had been growing at a good rhythm every month.

Conclusion:

Predictions say that, the higher the volatility, the higher the risk and potential gains. Since the movement is stronger for the period in question, it is an “almost buy” scenario for the investors. However, we cannot predict that the bulls will remain or grow even stronger, but for the shortest period, it is a relaxed profitable investment option.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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