Price Analysis

Basic Attention Token Price Analysis: No Positive Hopes Can Be Given Regarding Uprising Of BAT As Of Now

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It seems like persistent grief has encompassed the crypto community, for, the investors cannot figure out whether to make a long term investment of the potential crypto like BAT or hold on at the moment. The new feature of XRP TipBot of Brave browser had given positive vibes among BAT users, and they had thought that BAT’s value might increase in the upcoming days. But one should not forget that currently, the majority of the cryptos fortune depends on the intense volatility of the crypto market and also due to erratic and turbulent nature of BTC- the market leader.

Current Price Statistics of BAT:

Price in USD 0.3336 USD (UTC time 03:27)
Price in BTC 0.00004254 BTC
Circulating supply 1,267,888,630 BAT
Market cap 424,953,015 USD
Market rank 27

BAT Price Prediction & Analysis:

BAT Price Chart - 6 June

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The 5-day chart of BAT is indicating that although it had been able to hold up its value to a pretty great extent its price is currently, sweeping in the bearish zone. From 1st June to 3rd June, its value remained in the bullish area in spite of going through an unstable condition. In between red dips were noticed but those were quite negligible. On 2nd June, it reached a high peak of 0.3689 USD, which also provided excellent support for its next high peak on 3rd June, when its value reached to 0.3732 USD. However, from 4th June onwards, the momentum of BAT was completely lost towards an upward trend, and it aggravated downwards steadily in the bearish zone. Yesterday, its value dipped as low as 0.3172 USD. So, within five days, the value of BAT declined by 14.01% from the price of 0.3689 USD to trading as low as 0.3172 USD which is quite a startling indication for the coin to be in the bearish zone for quite a few days. Based on this analysis, we think that in the upcoming weeks, BAT can be around 0.3320 USD to 0.3455 USD.

Conclusion:

In the concluding note, it can be said, if an investor is thinking to splurge in BAT currently should hold on or plan for a short term or a medium-term investment as of now until the price takes one stand to perform. Moreover, BAT is expected to lose its worth to a substantial level to BTC even in future also. So, the most brilliant idea for the existing investors would be to wait for the right time to the extent of persistence in BAT’s value is noticed so that effective investment decisions can be made.

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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