Price Analysis

Basic Attention Token (BAT) Price Analysis: BAT May be Heading to a Crypto Bull Run

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Basic Attention Token (BAT) is an open-sourced decentralized ad exchange developed by Brendan Eich- creator of JavaScript and co-founder of Mozilla. It has its primary focus on payment in the digital marketing arena. It works as a mediatory platform. It is based on a leading crypto coin, Ethereum. It also has a browser of its own that is called Brave. The browser facilitates open-source, privacy-centered browsing services. The privacy functions of the browser are such strong that it filters all the trackers and malware. The main motive behind the creation of this crypto was to smoothen the payment process for digital marketing space.

Basic Attention TokenThe past few months have been really good for Basic Attention Token (BAT). Though the year started on a lower note at 0.127478 USD, after 26th of February the value started to push. The current value of each coin in USD stands at 0.313600 USD, and in BTC it is at 0.00006269 BTC. The current market capitalization is 391,565,665 USD on 03rd April 2019 at 03:24 UTC. Basic Attention Token (BAT) is 24th largest crypto coin in the market now with a Return on Investment (ROI) of 87.68 %. The current 24h volume stands at 41,796,873 USD. The total supply possible for Basic Attention Token (BAT) is 1,500,000,000 BAT out of which 1,248,616,783 BAT coins are in supply.

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The performance of this coin has definitely the best if we see the last month’s data. The market cap on March 4 was 204,525,133 USD, and the value of each coin in terms of USD and BTC were 0.164864 USD and 0.00004368 BTC respectively. The current market cap is almost 91 % more than that of figures on March 4. And the value of each coin in current price is 90.21 % more than the value of 1 month back.

Basic Attention Token (BAT) has been growing since the start of March. The reason, as per some experts, is the increased use of Brave browser. The uptrend on the price as well as in the market cap will continue. There are some predictions for BAT growing by 200% in the next 9/10 months. The price of each coin now hovers around 0.30 USD, and by the end of 2019, it may reach 0.50 USD, and if the momentum boosts up, there is a doubt that it may also reach 0.80 USD in the stipulated time. There were some reservations regarding the performance of BAT due to a privacy-related issue, but these issues have been resolved, and this will ultimately affect the prices. Short term investors should hold their positions and aim towards at least 0.50 USD, and the long term investors are surely going to reap good dividends in the next 12 months.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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