Basic Attention Token (BAT) is an open source advertising platform that uses the Ethereum platform. It was developed by Brendan Aich, the famous internet entrepreneur, in 2017. It is developed basically with the aim to do all monetary transactions on advertising platforms. The users of the BAT platform don’t need to reach to the external servers for every page load for ad matching gets performed locally. The browser holds the whole collection of user data along with URLs, active tabs and browsing information.
Current status of BAT
BAT is currently getting traded at USD 0.290302 (UTC time 04:15). With a market cap of USD 362,650,303 and a circulating supply of 1,249,216,783 BAT, it is the 24th largest crypto in the world.
Price analysis of BAT
The above chart shows that BAT is currently getting traded at 0.290222 USD or 0.00005556 BTC (UTC time 04:18). It has a current market cap of 362,550,541 USD with a 24h volume of 26,922,806 USD. The same chart shows that approx. One month earlier, BAT had a trading value of 0.193218 USD. So, within this period, the value of BAT has been raised by 50.20% with 0.195860 USD as a good support resistance.
Future price prediction of BAT
BAT has recently teamed up with TAP network; a blockchain concentrated advertising platform. The developers of BAT made it possible for its users to redeem on choice their tokens as rewards for more than 250k brands like Uber, Starbucks, and Apple. On top of this, one can also earn BAT token while browsing VIMEO, the guardian of the brave browser. The number of BAT users has significantly increased. BATgrowth.com currently stated that there are over 35,000 new parties who joined the browser since October 2018 and the total number of publishers using their browser is almost 60,000.
Based on this, according to BAT Price Forecast, Crypto Ground predicted that BAT could reach $0.2182 by 2019 end and in 5 years, it can be around $0.9139. Digital Coin Price predicted that BAT could be valued approximately at $0.2141 by 2019 end and it can rise to $0.545 by 20125 end. Trading Beasts assume that BAT can be around $0.25 by the end of 2019.
BAT is making steady progress recently. Its developers are working hard to make more effective partnerships that can enhance the quality of BAT token and can also increase the number of users.
Currently, the market is highly volatile. But, BAT is potential crypto that can raise depending on its market acceptability and of course, volatility of the crypto sphere. It is better no to invest on this crypto currently and to wait for more till it attains stability.