Price Analysis

Basic Attention Token Price Analysis: Recent Reduction In BAT’s Value Indicates Less Volatility In The Upcoming Days

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Although, there is no new update to impress willing investors of BAT one thing which is remaining constant and will be the same throughout this year, is its significant downfall. It is really evident in every sphere. Obviously, the market condition and the turbulent and erratic nature of BTC are the two prime things to be blamed for its steady declination but, its not only BAT that has been slashed down again and again rather, majority altcoins are tremendously suffering these days as they are remaining in verge to lose significant proportion of their values to BTC every then and now.

Current Status of BAT Coin:

BAT Price Chart - 22 June
BAT Price Chart
  • Price in USD: 0.3297 USD (UTC time 02:51)
  • Price in BTC: 0.00003085 BTC
  • Circulating Supply: 1,271,156,300 BAT
  • Market Cap: 418,627,237 USD

BAT Price Prediction:

From the above 5-day chart, it is evident enough to understand that momentum of BAT to USD price towards its bearish trend is very steep and increasing gradually. The strong impact of the bearish trend is making it impossible to sustain its bullish trend. This is the reason why its bullish ranges can hardly withstand the liquidity nature of BAT. On top of that volatility of the crypto market is also having an adverse impact. On 17th June, BAT was traded at a value of 0.3680 USD. That has been the highest till today. On 21st June, its value deterred to as low as 0.3222 USD. So, a shift in the prices is although not high, but its propensity towards falling in bearish line and sustaining the same is are increasing rapidly. Within a span of 5-days, the value of BAT has been reduced by 10.40%. Based on the above analysis and recent price surge of Bitcoin, we think that, in the upcoming days, BAT price may reach around $0.33 – $0.36.

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Conclusion:

In the concluding note, it can be said, that BAT will hardly make it possible to sustain its bull trend even in the upcoming days. Market volatility is not expected to reduce before this year, so, the condition of BAT will be like this throughout 2019. It will always be better not to consider any sort of investment on BAT for this year.

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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