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Price Analysis

Basic Attention Token Price Analysis: Amidst the Tumbling Market, The Ranking of BAT Has Gone Down

After adding tipping mechanism on Twitter, Brave browser is aiming at adding this option of tipping with BAT on Reddit, GitHub, and Vimeo. According to an estimation, there are around 60,000 verified creators in the Brave Rewards program at present. And this news will most probably increase the number further.

Current Statistics of Basic Attention Token:

Basic Attention Token  price chart - Aug 14
Basic Attention Token Chart By TradingView
  • On August 14, at UTC 10:01, BAT price was trading around $0.18957361.
  • Against Bitcoin, the crypto was valued around 0.00001819 BTC.
  • At present, the rank of Basic Attention Token (BAT) is 36th in the cryptocurrency chart.
  • Additionally, the Market Cap of the cryptocurrency was around 243,017,544 USD.
  • At the same time, the 24-hour volume in the altcoin was 32,120,906 USD.
  • With an ROI of 13.15%, a total of 1,276,725,522 BAT coins were circulating in the market.

BAT to USD Price Comparison:

On July 20, Basic Attention Token price was trading around 0.262532 USD. However, today after 25-days, the crypto has declined by a substantial amount of 27.79%. In a week of trading, the altcoin has gone down by 12.9% from the trading value of 0.217818 USD on August 08. The altcoin had traded almost flat yesterday. After opening at 0.203249 USD, it made a slight decline of 3.38% and wrapped the day at 0.196376 USD.

Basic Attention Token Price Prediction:

BAT has further degraded from its previous level, and a similar trend might follow. At these levels, BAT is surely a bad choice for investment. For now, the immediate resistance for the coin is at 0.2035 USD, and the support level is at 0.1811 USD.

Conclusion:

The addition of a tipping mechanism to various sites will surely enhance the trading volume in the crypto, but it is a long-term goal for the foundation. The overall trend is bearish at the current level.

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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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