Basic Attention Token (BAT) Price Analysis: Coinbase Listing May help BAT to Rebound; Resistance at $0.45

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Basic Attention Token (BAT) is a major cryptocurrency created on Ethereum platform. The aim of the coin was to bring transparency and mitigate frauds in digital marketing payment and settlement arena. It is an open-sourced and decentralized digital currency exchange. It has its own privacy centered browser called, Brave. This browser filters and blocks trackers and filters malware making the platform completely secure to do transactions on.

Current Statistics-

BAT

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  • Basic Attention Token (BAT) is the 22nd largest crypto coin in the market.
  • The ROI (Return on Investment) of this coin stands at 128.79 %.
  • The total coins in circulation stood at 1,253,498,401 BAT.
  • The current market cap as in 26th April at 02:04 UTC is 483,369,183 USD.
  • The value of each coin stands at 0.385616 USD and 0.00007376 BTC.
  • The 24 h volume at the same UTC is 70,955,908 USD.

Comparison-

Basic Attention Token (BAT) is one of the few crypto coins in the market which have been showing gradual and consistent growth over the period. BAT started the year with a price as low as 0.12 USD. It has been growing since then without any cases of abrupt fall. However, an abrupt growth could be seen on April 9, when BAT gained by almost 50 % in just 4 days. The market cap on 26th March was 262,600,233 USD. The value of each coin stands at 0.210963 USD and 0.00005345 BTC. The current market cap is 84.07 % more than the market cap of the past month. The same way value of each coin in USD has inflated by 82.78 % in the last 30 days.

Prediction-

Looking at the past growth trend of BAT, we predict the coin to grow with this consistency in future as well. The coin should be there at 0.45 USD before facing resistance. From there it may show some weaknesses, but it is expected to revive at the earliest. By the end of this quarter, we predict the value to reach as high as 0.5 USD to 0.6 USD. But the 2020 prediction seems not very bullish. Experts have predicted that in 2019, BAT will see some price redemption. The value may be pushed to 0.45 USD level for the whole year 2020. 2025 long term prediction seems bullish. The value will reach 3 USD to 7 USD.

Conclusion-

Short term investors will be profited if they block their investment at this price. The value is definitely going to rise further. Long term investors are advised to hold their investments until the coin starts showing weaknesses after 0.55 USD level.

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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