Price Analysis

Basic Attention Token Price Analysis: Will Bear’s Continue To Wreak Havoc On BAT’s Price?

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  • Crypto market volatility continues to batter BAT’s prices at regular intervals

Basic Attention Token (BAT) uses the Ethereum network and ‘Brave’- a unique web browser, which hosts a variety of advertising services. The BAT team aims to reinvent the whole digital advertising space so that users can access the network with minimal hassles. BAT stores the data in a distributed ledger system. This makes BAT a viable investment option, but the effects of the current market volatility on the price of BAT is proving otherwise.

Current Statistics of BAT:

As on July 03, 2019 at 5:27:58 UTC, current statistics are as below:

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Basic Attention Token Price Chart - 3 July
BAT Price Chart
  • The current market price is $0.3080
  • Current market cap is around $394,150,308
  • 24 h volume is at $54,402,253
  • ROI is a solid 84.31%
  • Circulating supply is at 1,271,156,300 BAT

BAT to USD Price Comparison:

The 5-day price chart for BAT shows few upward and more downward oscillations due to the current price volatility happening in the crypto market. From a low of $0.2805 on June 28, the price shot up within a day to $0.3443, showing a movement of 23.02%. It had a fall to the extent of 16.63% on June 30 within 15h 50m and was at $0.2867. On July 01, the price rose to $0.3415 to the extent of 19.12%. On Jul 02, the price showed a downward slide to $0.2976 within 1d 6h 45m, the movement being 12.86%. Current day’s price of $0.3080 has shown a negligible upward movement of 3.36%. The price has been varying in the range of $0.28 – $0.34, indicating that though the BAT prices slide up, the market volatility gets it down at regular intervals.

BAT Price Prediction:

BAT price is trying to recover at regular intervals, but the current crypto market situation gets the price back to square one. As such, the price of BAT keeps moving in a cyclical fashion, in the range of $0.28 -$0.34, not being able to go higher than that. Analysts expect this situation to continue in the short run till market shows relative stability.

Conclusion:

Investors should not think of investing in the current market scenario. Though BAT has considerable future potential, the current market situation is not helping BAT gain the upper hand.

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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