Basic Attention Token (BAT) is a cryptocurrency that is made out of the Ethereum blockchain technology and a brave browser- a customized web browser. This combined platform is utilized to attain different advertising services. In the world of monetary exchange between the advertisers and publishers, BAT lets the users be rewarded from the millions of ads they are being subjected to. It lets the complete advertisers’ transactions in BAT to acquire advertising room, followed by publishers receiving BAT coins from advert-revenue and the user contributions. Finally, the users are rewarded in BAT for their contribution. BAT’s features include privacy in user’s browsing data, Enhanced advertisement matching the users favorable time and place and improved experience by performing ad matching locally.
Current Scenario
According to Coinmarketcap, BAT is ranked the 24th largest cryptocurrency in the market with the mcap value being traded at USD 374,774,370 and its corresponding price per coin amounting to 0.300007 USD for the 24h volume of $43,990,921 on April 10 at 10:29 UTC. The current circulating supply of coins sums up to 1,249,216,783 BAT coins. The approximate return on investment for this cryptocurrency is calculated to be 77.78%.
Market Analysis
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The market capitalization of BAT has improvised and has been majorly on an uptrend for the past 30 days. The market cap value of the coin was as low as USD 250 million at the beginning of March 2019 and was trading at 0.206470 USD. The values have clambered up to USD 369,866,765 with a hike of 44.40% by the end of March. The values surged up to its peak on April 03 at 05:34 USD with the Mcap value trading at USD 399,671,128 and the price of the token selling at 0.320091 USD. The current price movement and the trading values have deteriorated from its peak by an average of 6.67%.
BAT’s Price Prediction
The current market trend portrays a bright future for BAT cryptocurrency. As per the market analysis, the price of BAT is estimated to increase by 25.79% by the end of the year reaching around 0.3783 USD per token. There is expected to be a further increase by 249.59% by 2024 with the price of BAT being purchased at 1.0515 USD. As per BAT Coin Price Prediction, technical analysts have predicted the value to reach 0.40 USD by the end of 2020 and believe that the token would attempt to set a new record price of $1 by 2025.
Conclusion
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The current market points in favor of the buyers. Both long-term and short-term investments in BAT would earn profitable outcomes for the investors. The continuation of the current trend would lead to a further rise in the price of the cryptocurrency in the future.
