Price Analysis

Basic Attention Token (BAT) Price Analysis: BAT’s 50% Gain over 15 Days Hints at Bullish Run

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A major crypto coin establishment backs basic Attention Token (BAT), Ethereum. It works as an open-sourced decentralized ad exchange. It was created by Brendan Eich who also created JavaScript and is the co-founder of Mozilla. The main vision of the Basic Attention Token (BAT) is to create a payment and settlement platform, especially for digital marketing. It is a mediatory platform and has its own browser, Brave.  The browser provides fully anonymous service, and it has a special focus on the privacy of the users. It even detects and weeds out trackers and malware. The vital function of Basic Attention Token (BAT) is to make the payment system for digital marketing swifter and decentralized.

BAT ChartBasic Attention Token (BAT) is the crypto market’s 25th largest coin with an ROI of 78.11 %. The maximum possible supply of Basic Attention Token (BAT) is not revealed officially, but the total supply till now stands at 1,500,000,000 BAT whereas 1,248,616,783 BAT is in the current circulation. The current market cap of Basic Attention Token (BAT) stands at 373,460,914 USD. The price of each coin in terms of USD and BTC stands at 0.299100 USD and 0.00005682 BTC on 08th April at 03:14 UTC. The 24 h volume is 39,545,767 USD.

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The value of each BAT coin has risen in just one and a half month. Since the starting of this year, the coin has been moving gradually, and it is on its best speed of the year now. The market cap of BAT on 8th March was 240,187,011 USD, and the value of each coin on the same date in terms of USD and BTC stood at 0.193611 USD and 0.00004933 BTC respectively. The current market cap is 55.48 % more than the value of March 8th, and the value of each coin in USD has gained 54.48 % in the last month. It should be noted that the increase in the value, as well as the market cap, has started in the last 15 days before that BAT has been stable and hovering around 0.11 USD to 0.14 USD.

As the coin has gained more than 50 % over just a fortnight, it is evident that the coin has no bearish sign for now on its route. The rally has begun, and now the investors do not have wait very long to see the price at 0.40 USD. So, it is a perfect time to lock a buy position if not done earlier. It may give another 50 % to 100 % gain over the next month. Long term holders should see the price in 0.70 USD range by the end of 2019.

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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