Price Analysis

Basic Attention Token (BAT) Price Analysis : BAT has the Possibility to Trade around $0.348 by 2019 End

Basic Attention Token or BAT relies on the Ethereum blockchain technology and a Brave browser platform. They want their users to pay for the advertisement that they watch in that browser. There are three kinds of people who primarily get benefitted from BAT token- the advertisers, the publishers, and the users. BAT is an open source advertising platform that performs the smart contract on blockchain technology. It was founded in 2017 by Brenden Aich, a famous internet entrepreneur.

Current status of BAT

BAT is currently getting traded at USD 0.232643 (UTC time 05:11). With a market cap of USD 290,248,897 and a circulating supply of 1,247,616,783 BAT, it is the 24th largest cryptocurrency. It is currently running on a bull trend of 7.03%.

Price analysis of BAT on the basis of Basic Attention Token Charts

Basic Attention tokenOn the basis of the chart, BAT is currently traded at 0.232429 USD or 0.00005727 BTC (UTC time 05:17). Its current market cap is worth of 289,982,225 USD, and its current 24h volume has a trading value of 21,625,071 USD. The same chart shows that approx. One month earlier, BAT had a trading value of 0.162860 USD. So, in this duration, the value of BAT has been spiked up by 42.71%. Its earlier price point of 0.202966 USD has provided a good support resistance to its current bull trend.

Future price predictions of BAT

According to Crypto Ground, BAT can trade around $0.2182 by 2019 end, and in 5 years, they can reach a value of $0.9139. Digital Coin Price predicted that BAT might trade around $0.2141 by the end of this year and around $0.545 by 2025 end. Wallet Investors think BAT may go down in this year and its value can be around $0.0365.

The analysts believed that BAT has full potential to grow this year. Apart from that, BAT has currently teamed up with Amazon, TAP network, Starbucks and other reputed global brands. On top that BAT is one of the least affected cryptos in this highly volatile market. So, taking all these concerns, it can be assumed that BAT can grow to some extent this year, but due to intensive volatile, currently, it is not a good option for long term investment.

Conclusion

BAT is making eminent partnerships due to which it is expected that its community will largely expand this year. This can also upraise the value of BAT this year and in the upcoming years. It will be better for the investors to wait for some for time till BAT spikes up and then, making investments accordingly.

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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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