Price Analysis

Basic Attention Token (BAT) Price Analysis : Will BAT Hit This Year?

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Basic Attention Token or BAT is aimed to improve the efficiency of advertising with the creation of a new token that can be exchanged between advertisers, publishers, and users. BAT relies on ETH blockchain. BAT is used for obtaining a number of advertising and attention based services on the BAT platform. The utility of BAT simply relies on user attention which indicates a person’s focused mental engagement.

Current status of BAT

BAT is currently getting traded at $0.194278 (UTC time 06:11). Based on its market cap, it is at the 28th position in the crypto market with a circulating supply of 1,243,716,783 BAT. It has a market cap worth of USD 241,627,164. Compared to its yesterday’s price, the value of BAT is on a bull trend by 0.03%.

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

BATThe above chart shows that at present BAT is getting traded at 0.195814 USD or 0.00004847 BTC (UTC time 06:15). It has a market cap of 243,536,839 USD, and its current 24h volume is getting traded at 7,698,579 USD. The same chart shows that value of BAT, nearly one month earlier was 0.151480 USD. So, in this approx. One month, the value of BAT has been increased by 29.26%. Its earlier price point of 0.173513 USD has provided a good support resistance in this price hike.

Future price analysis of BAT

The developers of BAT are continuously working on it for bringing new updates and inform all these to every single BAT community member. If BAT embarks on another bull hike this year, then, in 2019, its value will definitely lie on a good range. Bitcoin’s price and the volatile market are ought to impact BAT’s value in the upcoming days. According to Wallet Investor, BAT can drop significantly in 1 year, and it can be even as low as $0.09 in a year. Trading Beasts has predicted that that BAT can be $0.25 in 1 year. Cryptoground has assumed that by the end of 2019, it can reach $0.21 and by 2024, it is susceptible to reach $0.91 if everything goes well.

Survival of BAT is pretty in turmoil due to the increased volatility of the crypto market.

Summing Up

It is better to wait for some more time till BAT attains stability and then, investors can make decisions accordingly regarding investment on it.

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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