Price Analysis

Basic Attention Token (BAT) Price Analysis: What Rebounds Are Waiting For BAT After Coinbase Listings?

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BAT is an Ethereum based ad exchange platform that connects advertisers, publishers, and users of the blockchain. It is the ERC-20 utility token, and it is integrated with Brave Web Browser that lets users tip content creators with BAT. This can then be used for purchasing ads via a Google-like advertising platform. Both Brave browser and BAT have been founded by Brenden Eich, who was the inventor of Java programming language and also co-founder of Firefox and Mozilla.

Current status of BAT

BAT is currently getting traded at USD 0.430982 (UTC time 05:22). With a market cap of USD 538,702,266 and a circulating supply of 1,249,941,615 BAT, it is the 22nd largest crypto in the crypto sphere.

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Price analysis of BAT

BATThe above chart shows that BAT is currently getting traded at 0.429347 USD or 0.00007675 BTC (UTC time 05:25). Its present market cap is worth of 536,658,833 USD with a 24h volume of 108,250,942 USD. The same chart shows that approx. One month earlier, BAT had a trading value of 0.232392 USD. So, within this period, the value of BAT has been raised by 84.75%.

Future price predictions of BAT

BAT was initially announced as the internet for listing in the official announcement of Coinbase. It was a part of their renewed policy where it was looking to list 90% assets in the market that can comply with the Digital Assets Framework. Although, BAT was in a positive momentum after the official announcement of Coinbase listing, it dropped down since past seven days. It has gone down by -22% against the fiat currencies. Still, BAT had some resistances against bear trends that helps it keeping elevated to a certain extent. As the market is highly volatile now, it is really uncertain to say anything regarding its price, and according to majority crypto enthusiasts, BAT too cannot get rid of uncertain fluctuations. We think that it can trade around 0.25 USD by the end of this year.

Conclusion

Currently, BAT is in a highly fluctuating state. It is definitely a good idea to wait till the market attains stability and then, consider investing in this crypto.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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