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Price Analysis

Basic Attention Token Price Analysis: Although BAT Is Climbing Up, It Seems to be Worthless when looked into its Totality

BAT’s condition is the same just like all other altcoins as it is too losing its value at a substantial level to BTC. The volatility is increasing rapidly, and the turbulent and erratic nature of BTC is making sustenance of all other altcoins challenging. Currently, there are new no new updates from the Basic Attention Token (BAT) community. It may be a result of the depressing condition or that its developers are already triggered with how the crypto projects are continuously failing due to the impact of the volatile market.

BAT Coin Price Current status:

BAT Price Chart -11 June

  • Price in USD: 0.3258 USD
  • Price in BTC: 0.00004106 BTC (UTC time 08:04)
  • Market cap: 413,788,974 USD
  • Market rank: 27
  • Circulating supply: 1,268,938,630 BAT

BAT Coin Price analysis and future price predictions:

From the 1-day chart, it is evident enough to understand that BAT has again started making its way straight downwards in the bearish zone. It was traded mostly in bullish ranges yesterday, but its good fate didn’t last, and it again declined today. BAT has currently lost its momentum so far as the maintenance of its values in bullish ranges are concerned. For instance, yesterday, it reached a high peak of 0.3362 USD, but today only, it dropped to as low as 0.3244 USD. So, within only one day, the value of BAT has been reduced by 3.5%. So, if the intraday decline rate is such, it is well understood that the fluctuation rate of BAT is intense as of now. Even the green arrow in the 1-day chart indicates the steep fall with which the rate of BAT declined just within some hours. Considering all these facts, we think that in the upcoming days, the condition of BAT is not going to elevate, and it can trade somewhere around 0.3320 USD in forthcoming days.

Conclusion:

As the fluctuation rate of BAT is increasing terribly, its liquidity is getting higher, which is not a good indication so far long- or short-term investment on this crypto is concerned. There is no prediction regarding a quick recovery of this volatile condition. It is thus better to wait for the right time when volatility will reduce primarily to increase trading of BAT in the persistent bullish zones.

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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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