Price Analysis

Basic Attention Token (BAT) Price Analysis : Is The Present Bullish Trend Of BAT Capable Enough To Touch $0.20 Mark?

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The Basic Attention Token or BAT is an Ethereum based digital advertising cryptocurrency. It is aimed to fix the broken state of the present digital advertising space in which users get tracked without any intimation; publishers face trouble with monetizing content and advertisers remain in the verge of continuous fraudulent behaviors. BAT is the ERC-20 utility token that is used in this platform, and it remains integrated into the Brave web browser. The founder of both Brave web browser and BAT is Brendan Eich.

Current status of BAT

With a current trading value of USD 0.194086, BAT is the 25th largest cryptocurrency in terms of its market cap (UTC time 07:56). It has a current circulating supply of 1,240,566,787 BAT which is worth of USD 240,776,877. Compared to its yesterday’s price, the value of BAT has been spiked by 10.54%, and it is currently following a bullish trend.

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

Basic Attention Token

On the basis of the above chart, the current price of BAT is 0.193940 USD or 0.00004946 BTC (UTC time 07:59). Its present market cap has a trading value worth of 240,595,732 USD. Its current 24h volume is getting traded at 23,401,148 USD. The same chart shows that the value of BAT, nearly one month back was 0.125801 USD. So, within this approx. One month period, the value of BAT has been increased by 54.16%. It has been on a bullish trend since one month back with the price point 0.142225 USD as a very good support level.

Future price predictions of BAT

According to the prediction of Crypto Ground, BAT may reach a value of $0.2182 by the end of 2019. This means that there will be an increase of 66.21% over its current price range. After five years, the value of BAT is predicted to be around $0.9139. Trading Beasts has assumed that Bat can touch $0.25 mark by the end of 2019.

Considering the above predictions, 2019 can be a beneficial year for BAT to reach its value to the fullest as it can. It is one of the least affected cryptos in this highly volatile market and thus, it has managed for maintaining a niche ecosystem for itself. The Brave Browser is further developing this crypto, and its users are subsequently increasing.

Final words

With the increase in the number of users, its value will also rise in the future. Moreover, stability in its price ranges is assumed to be there in the future also, so, BAT can be good enough for both long and short term investment.

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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