While most of the cryptocurrencies focused their attention on blockchain and DeFi, they focused their attention on data storage, handling, and transaction. There were hardly any market players who pivoted their attention to digital advertising, gaining momentum and the issues associated therewith.
Basic Attention Token (BAT): Origin & Objective
Mission BAT already has more than 5.5 million active monthly users added to its browser BRAVE since its release. This phenomenal growth is a credit due to its creators.
Mission BAT: The Functionality
With the exponential growth in the digital advertising sector, it is tremendously crucial that there is an equilibrium attained among advertisers, publishers, and end-users. With the masses becoming more and more well-versed with social networking and tools associated with it, there is a burgeoning demand for ad-blocking software that runs on more than six hundred million smartphones and computers.
With a lot of money and time spent on viewers’ personal data, it has become a mammoth task to synchronize the entire functionality of networking and pruning the unnecessary. The following factors act as catalysts to boost demand for BAT :
- Advertisers pay tokens to publishers to bring their ads to users;
- Users earn BAT for viewing ads. Attention is monitored in the Brave browser using ML machine learning technology (personal data always remains on devices and is not used for personal gain);
- Advertisers get good returns as a result of increased levels of accuracy.
Basic Attention Token: The Community Well-Being
Contributing to the cause of Corporate Social Responsibility, BAT has given back to society. Not only has the platform gained significant popularity, but it has also entered into many partnerships with global brands like Amazon, Starbucks, Uber, and Apple, wherein the alliances have benefitted acceptance of coins on their websites.
Basic Attention Token: The Ups & Downs: The Gems & Crowns
The ICO launch proved immensely beneficial for the token. Trading at the price of just 17 cents, it took the buyers by surprise in a couple of days. The Market capitalization increased from $35 to $285 million. A sharp rise went into the correction phase, and within a month, the price dropped to 9 cents and capitalization to 90 million. Nearly similar trends and curves continued till 2017, and in December, the price of BAT shot up to 70 cents, and capitalization approached 700 million.
Followed by a price correction in 2018 summers, the sluggish phase continued for the currency, and the addition of BAT via Brave added a breakthrough. The beginning of 2019 was a blessing for this pedestal as the token was listed on popular Exchange. Apart from that, there were many freebies announced by the developers in the form of viewing ads for money. Raising the toast to historic 90 cents, the coin gained traction, taking capitalization to 900 million.
With the Pandemic taking a toll throughout 2020, it was no great news for BAT token. However, the preceding phase of Pandemic brought abundance galore for the coin giving it a constant bullish push.
Basic Attention Token: Let the Masters Lead the Way Forward
BAT price stays firm today at $0.306 with a market cap of $454,264,366 and a circulating supply of 1,482,798,565. The experts have very optimistic Basic Attention Token price predictions movement claiming it to have a brighter horizon ahead:
Trading Beasts: “Trading Beasts predicts that it seems BAT coin is doomed. It has lost sheen by almost half of current price and shall stoop to as low as $0.28 by the first quarter of 2021.”
Coin Switch: “Basic Attention Token (BAT) has attained one of the top 40 positions in cryptocurrencies in 2020, and the performance might totally transform in the coming 5 years to $0.99.”
Crypto Rating: “Compared to what Basic Attention Token (BAT) was in February 2020, it sounds highly bullish as it has shown a reliable consistency. By the April 2021 end, it should easily swing around $0.51 to 0.61.”
Coinliker: “Being based on a logical algorithm, BAT has both short term rally as well as long term potential advantages. The price may reach 0.80 USD by the end of March 2021.”
Wallet Investor: “Wallet Investor predicts that there is hope for consolidating trends that point towards the fact that there is hope for BAT and show it may go on a higher sentiment.”
Crypto Ground: “Crypto ground predicts that the Basic Attention Token price might reach $0.91 by the end of 2024 with almost 5 times increase to the current price.”
Basic Attention Token Price Prediction: 2021-2025
The initial launch of ICO was well-timed for BAT. With the roaring traction that it gained, BAT continued to attract investors as much as raising their expectations. Now that digital media has become the backbone of world economies, undoubtedly BAT will enjoy pristine attention.
The stars look quite bright for BAT, and so the road ahead is a red-carpet-welcome for BAT in the years to come:
Basic Attention Token Price Prediction 2021
As this 1 year is preceded by a revolutionary phase in online advertising, the prospects look quite bullish, taking the BAT token value to reach 0.50 USD for sure. This should be a good forecast attraction for traders and individual investors to pour their money into BAT kitty.
Basic Attention Token Price Prediction 2022
The bulls will continue to ride the momentum, and with market sentiment becoming bright, investors can look forward to a brighter horizon this year, too, with BAT pegged at $0.60 by the end of 2022.
Basic Attention Token Price Prediction 2023
Fluctuating between $0.50 and $0.80 BAT coin price may beat its own records, and results would reflect even in various industries linked to advertising and media. The global outlook towards cryptocurrencies would undergo a total transformation with the BAT future price shooting to $0.80 for sure end of 2025 and onward.
BAT Price Prediction 2024-2025
Over the next 4 to 5 years, the crypto world will develop and progress like anything. As far as the future of BAT coin is concerned, the currency might be a profitable investment, and per the market predictions, the price of Basic Attention token might hit 1 USD by the end of 2025.
So be ready to bask in the advertising sun – Onward and Upward!
Frequently Asked Questions
Is Basic Attention Token (BAT) a good investment?
Indeed. Mainly because it targets the actual users using the token and more so as BAT shall be utilized to pass advantage to content creators and publishers through tips by loyal fans and internet users. Here, a salient feature is that users shall earn BAT for watching ads, a visual treat enjoyed by virtually all.
Is Basic Attention Token a viable product?
How can I invest directly in Basic Attention Token (BAT)?
All major exchanges give you the benefit of purchasing Basic Attention Token. You may also buy BAT earning through tips and watching adverts. A noted Exchange like Binance and the Ethereum blockchain technology are popular destinations. If you live in Europe, you can buy BAT at BitPanda too.
How do you get free Basic Attention Tokens?
Basic Attention Token shares 70% of their ad revenues with their users. Simply download the Brave browser, enable “Brave Ads” within the browser platform, and get notified about ads to earn free BAT while surfing the web. You can also earn BAT by claiming random token grants worth 25-40 BAT.