BAT/USD three-day price chart featuring cup-and-handle and ascending triangle setups. And second, it assisted in forming a broad ascending channel setup, as shown in the chart below. First, the level constituted what now appears to be a bullish cup-and-handle pattern. In detail, the $1.50 level has served as resistance to two technical setups developing on BAT charts since April. Bullish indicators in playīAT’s price rally to its record high prompted traders to secure their interim profits immediately. As a result, the token corrected by more than 20% after hitting $1.88, thus returning below its strong resistance area around $1.50. That somewhat explains why BAT was able to ignore the marketwide downtrend on Nov.
BAT’s correlation efficient against top crypto assets. According to data tracker Cryptowatch, the 30-day correlation coefficient between Basic Attention Token and Bitcoin was 0.24, and the same versus Ether was 0.27.
Solana’s SOL, Cardano’s ADA, XRP, Binance Coin ( BNB) and other tokens plunged in sync.Ĭrypto traders flocked to BAT, possibly because of its comparatively lower positive correlation with the top digital assets. Ether ( ETH), the second-largest, dropped over 9% to almost $4,000. Source: CoinMarketCap BAT snubs crypto crashīitcoin ( BTC), the world’s largest cryptocurrency by market cap, led the losses, falling by as much as 7.5% to under $54,000. Its climb appeared in contrast to the cryptocurrency market, which lost nearly $283 billion in the same period. 26, even as global markets plunged in tandem on fears of a highly mutated variant of COVID-19 detected in South Africa.īAT’s price surged over 30% to reach $1.88 for the first time, with its market capitalization rising to $2.74 billion. If the Brave browser can find more takers in the coming months, the linked BAT crypto is likely to rise based on its increased use within the platform.Basic Attention Token (BAT) rallied to a new record high on Nov. The BAT crypto promises to bring efficiency to the advertising industry and reward stakeholders. It is trading at nearly US$1.24 as of now and could cross US$2 by the end of 2021.Īlso read: Can Bitcoin end 2021 with a price tag of $100,000? Bottom line This can be seen as a price movement that resembles the movement of Bitcoin. A slump followed and the price dropped to below US$0.5 in July. By mid-April, BAT’s price reached over US$1.5. If users find it worthwhile to get rewards for watching ads, the browser and its linked BAT crypto might both gain traction but there’s no telling for sure.Īlso read: 7 Altcoins up over 1000% in 2021 What is BAT’s price prediction?īAT was priced at nearly US$0.20 on January 1. The BAT crypto may be a good investment if the blockchain-powered advertising platform of Brave delivers on its promise to make the ad industry more efficient by weeding out frauds. The price fell to nearly half by July, and now one Bitcoin is worth US$68,000.Īlso read: Is Bitcoin better than gold as hedge against high inflation? For example, Bitcoin was priced at nearly US$29,000 on January 1, but it rose to nearly US$65,000 by mid-April. Is BAT crypto an investment to consider?īAT or any other crypto’s returns depend on the timing of the investment. Brendan Eich, the co-founder of prominent browsers Mozilla and Firefox, is said to be behind the creation of the BAT crypto. The BAT crypto project claims to eliminate inefficiencies from the traditional ad world by leveraging blockchain technology. A share of its revenue goes to viewers that lend their attention to the ad. The BAT token is used by advertisers that place ads on the platform. Over 12 million users access the Brave browser on a daily basis. It is used within the Brave web browser, which uses the services of Ethereum’s blockchain network.īAT Crypto promises to change Advertising - What’s its Price Prediction? What is the BAT crypto?īasic Attention Token is an advertising platform-linked token that claims to reward all its stakeholders. The BAT crypto is a token that has lately surged in value. One thing about the uncertain world of cryptocurrencies is that crypto tokens could create wealth for its backers over a short period.
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