Basic Attention Token Price Analysis: Looks Like the Bears Again Taking Over the Bulls

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Basic Attention Token (BAT) is a blockchain platform where one can find all the information and latest developments taking place in the crypto world. The tipping feature of BAT, which can only be accessed through the Brave browser, is expected to revolutionize the internet space, as can be seen on Reddit, which is considered one of the world’s top websites. The current market trend with bears having an upper hold is affecting the prices of BAT, as evidenced from the YTD chart where prices have been moving in the huge range of $0.13 – $0.44.

Latest Statistics of Basic Attention Token:

As on July 05, 2019 at 4:42:29 UTC, current statistics are as below:

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Basic Attention Token Price Chart - 5 July
Basic Attention Token Price Chart
  • The market price of BAT is $0.2930
  • Current market cap is around $375,736,919
  • 24 h volume is at $31,143,153
  • ROI is at a sound 75.45%
  • Circulating supply is at 1,273,006,300 BAT

BAT Price Comparison:

From the BAT price chart, it can be seen that the price of BAT was moving in the lower range till the end of March, after which it picked up the pace. When the crypto market volatility set in, the price again went into the downward mode. From a low of $0.1373 on Jan 02, the price rallied to a high of $0.3261 on Apr 02 in 90 days; the price movement was a whopping 137.47%. It again went higher up to $0.4402 on April 21 to a good 36.97%, within 19 days. The price then fell down to $0.2789 on May 05 within a span of 18d to the extent of 36.66%. It had an upward rally to the extent of 33.01% on May 15 at a good $0.4070 in 7d. The price then started tumbling down as the crypto market was facing a bear phase. In 43d, the price of BAT went to a lower value of $0.2830; the downward movement was to the extent of 30.46%. The price has not picked up much, as can be seen from the current day’s price of is $0.2930, the movement being to the extent of a negligible 3.53%.

BAT Price Prediction & Conclusion:

Though the bulls had shown an upper hand on Wednesday, July 03 on Thursday, July 04, the bears managed to get back and hold the market. The current sentiment is expected to hold the coins. This is creating havoc on the price of BAT. Analysts feel that this trend will last well up to the year-end. For investors, the timing is not right at all to think about any kind of investment. With the bears holding stronger ground, the price oscillations could go more in the downward range.

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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