The Basic Attention Token (BAT) is an Ethereum-based token that compensates website publishers for their content and advertising. It seeks to become the standard currency of the digital advertising industry, and is set to launch on the Brave Browser in early 2018.
BAT is the Brave browser’s native cryptocurrency, but its value has been on the rise lately. While the price of Bitcoin has risen in a similar manner, Brave’s price has skyrocketed over the past few months. While Brave has made a name for itself as a privacy-focused browser and blockchain startup, it has also attracted attention due to its native cryptocurrency, Basic Attention Token (BAT).
Basic Attention Token (BAT) has caused a lot of buzz in the past month, and for good reason. The token has seen a very impressive growth, from around $1 to about $2.50, and as such, the price has been rising by the day. That being said, a lot of people are concerned about the token, as it has no real-world application and could disappear at any time. In order to make it easier to track the price, I’ve created a simple dashboard with the price of BAT, the market cap, and the price prediction – making it easier to track and stay on top of the token’s price movements.
- The range of bullish BAT price predictions is $0.86 to $1.63.
- The price of BAT may potentially hit $2 in the near future.
- For 2021, BAT’s pessimistic market price forecast is $0.50.
We utilize data, price trends, ADX, and other information about BAT to evaluate the cryptocurrency’s future movement in Basic Attention Token (BAT) price forecast 2021.
When media consumers use the Brave web browser, the Basic Attention Token (BAT) is a blockchain-based mechanism for monitoring their time and attention on websites. It is based on Ethereum and has the aim of effectively distributing advertising money between marketers, publishers, and consumers of online marketing material and advertisements.
The Brave browser is based on Chromium, an open-source program that makes surfing the internet quicker, safer, more private, and more egalitarian. The Basic Attention Token is its native utility token (BAT).
Basic Attention Token’s Current Market Situation (BAT)
The price of Basic Attention Token is $0.5322, according to Coingecko, with a 24-hour trading volume of $97,005,379 at the time of writing. In the past 24 hours, however, BAT has fallen to 2.92 percent.
Furthermore, there are 1,488,718,839 BAT in circulation. BAT is currently traded on Binance, OKEx, Upbit, FTX, and Huobi Global, among other cryptocurrency exchanges.
Price Prediction for Basic Attention Token (BAT) in 2021
Basic Attention Token (BAT) is currently ranked 88th on CoinGecko. The price of BAT in 2021 is forecasted using a daily time period, as shown below.
Ascending Scallop in BAT/USDT (Image courtesy of TradingView)
During a bullish rise, the ascending scallops pattern may be seen. This pattern seems to be shaped like a J with a little rightward slant. An upward breakout is one that occurs above the pattern’s highest high, while a downward breakout occurs below the pattern’s lowest low.
Furthermore, the hypothesis explains why there is a price decrease at the commencement of the pattern. The descent is smaller, and it reverses, giving the bottom a broader appearance. The price continues to climb after the reversal, and the whole pattern resembles a slanted J.
BAT is now waving at its broader bottom above the $0.5322 entry point. Following that, BAT will continue to climb, forming a slanted J. BAT will soon hit $1.69 if this trend continues. If the trend continues, BAT’s price may decrease below $0.28.
Support and Resistance Levels for Basic Attention Tokens (BAT)
The chart below depicts the Basic Attention Token’s support and resistance levels (BAT).
Support and Resistance Levels for BAT/USDT (Source: TradingView)
The resistance and support levels of BAT are clearly visible in the above two time periods.
- $0.86 is the first level of resistance.
- $1.63 is the second level of resistance.
- Level 1 Support – $0.50
- Level 2 Support – $0.28
BAT’s bullish performance during the preceding month is shown in the graph. However, if the trend continues upward, BAT has a good possibility of breaking over the $1.63 resistance level shortly. On the other hand, if the trend reversed, BAT might fall below $0.28, indicating a negative indication.
Average Directional Index for Basic Attention Tokens (BAT) (ADX)
Let’s have a look at the Average Directional Index of BAT (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of BAT is in the region of 12.84 in the preceding chart, indicating a weak trend.
The BAT is one of the cryptos that has managed to hold its footing in a negative market. Furthermore, our long-term BAT price forecast for 2021 is positive. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the BAT ecosystem, BAT’s performance is expected to increase to $1.69 in the near future. However, if investors think BAT is a solid investment in 2021, it might reach $2.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
You’ve been recommended
Basic Attention Token (BAT) is a token designed to reward users for performing a variety of actions on a decentralized digital advertising network. This includes browsing, watching video, and installing apps. BAT is an ERC-20 token built on the Ethereum blockchain. It will be distributed to all Ethereum holders at the same rate as ETH, with a pre-distributed amount for the founders. It has a current circulating supply of 24,115,996,839 BAT and a total supply of 100,000,000,000 BAT.. Read more about how high will bat go and let us know what you think.
Bats will be worth $1,000 in 2025."}}]}
Frequently Asked Questions
Is basic attention token a good investment 2021?
Basic Attention Token is a cryptocurrency that is used to monetize digital advertising. It can be bought on many exchanges, but its not a good investment for the time being.
What will bats be worth 2021?
I am not able to answer this question.
What will bats be worth 2025?
Bats will be worth $1,000 in 2025.
This article broadly covered the following related topics:
- basic attention token price prediction 2030
- bat token price prediction 2025
- bat-price prediction reddit 2021
- bat price prediction 2021
- bat price prediction 2022