Price Analysis

Basic Attention Token Price Analysis: Is Current Market Volatility Ruining BAT’s Future?

Finmax
  • Digital advertising platform based on the Ethereum network
  • Current market volatility expected to continue

Basic Attention Token (BAT) is a digital advertising token on the blockchain platform which is based on the Ethereum network. The current market volatility is affecting all altcoins, including BAT, in a negative manner. BAT, though a potential coin with growth prospects, is expected to slide down further due to the negative market sentiment. It looks like the market is in no mood to relent and bounce back in the short term.

BAT Coin Latest Statistics:

As on July 01, 2019 at 9:20:03 UTC, the current statistics are as below:

Finmax BTC
  • The current market price is $0.33000
  • Current market rank is 30
  • Current market cap is around $421,513,877
  • 24 h volume is at $ 63,820,733
  • ROI is a good 98.46%
  • Circulating supply is at 1,271,156,300 BAT
  • 30 Day High/ Low is $ 0.372539/ $ 0.275774

BAT Price Chart Comparison:

BAT price chart - july 1

The 30-day price comparison for BAT (BAT to USD) shows a varying trend line indicating that the market volatility of the crypto market is affecting the prices of BAT also. From a high of $0.37303 on June 3, the price fell to $0.31113 on June 6, within a period of almost three days, showing a downward variation of 16.59%. The price then rallied to $0.36423 on June 17, within a gap of 11 days, showing a movement to the tune of 17.27%. The price fell badly to $0.27594 on June 27 in 9d 22h showing a downward slide of 24.17%. The current day’s price of BAT is $0.33000, which is slightly better to the extent of 19.57%. 

BAT Price Prediction:

Though BAT price has not been showing a continuous bear momentum, still looking at the current crypto market scenario, it is better to wait and watch the market developments. BAT is using all its potential to get back on the track, but the increasing market volatility is holding it back.

Conclusion:

Investors should be wary of such a trend and not invest in the current scenario. The current market uncertainty is taking its toll on the potential worth of BAT.

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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