cryptopolitan.com
Basic Attention Token (BAT) is one of the cryptocurrencies taking the crypto space by surprise. This project is set to make massive improvements in the digital advertising space and related fields.
The price of Basic Attention Token has risen by 33.54% in the past 7 days. The price increased by 5.28% in the last 24 hours. In just the past hour, the price shrunk by 0.23%. The current price is $0.855 per BAT. Basic Attention Token is 55.47% below the all-time high of $1.92.
As crypto markets plummet, Basic Attention Token, the crypto behind the privacy-centric web browser Brave, is currently defying the downturn.
Knowing the Basic Attention Token price is essential for creating a wise investment move. If you are concerned about the price prediction of the BAT coin, you are in the right place.
What is BAT?
Basic attention token, BAT was created for the Brave Browser in 2015, and it was developed on the Ethereum platform. BAT is Brave browser’s utility token. It was meant to make a remarkable difference in users’ experience in the digital advertising space. The project came on board to solve some issues plaguing the online advertising space.
Basic Attention Token is a project that garnered attention as soon as it entered the crypto discourse. The brain behind the BAT project created a JavaScript programming language intending to get people’s attention all over.
BAT Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
Basic Attention Token
BAT
|
BAT | $ 0.854214 | $ 1.29 B | 5.17% | 1.50 B | $ 263.34 M |
BAT founding team
The founder desires to reach great heights with the project within 10 years. BAT’s capability to affect the online advertising space makes it a great project.
There was an ICO for the project on the 31st of May, 2021, and BAT exploded to realize $35 million within 30 minutes.
The creators have maintained their goal, and the project has supported this line of progress over time. Presently, there are up to 5.5 million active monthly users of the platform.
BAT has caught the attention of people since it came into the business. Brendan Eich, an American programmer and the originator of JavaScript and Mozilla Browser, is interested in the project.
What is the mission of Basic Attention Token cryptocurrency?
BAT aims to solve some issues in the digital advertising space and bring some benefits to users, advertisers, and everyone concerned. Given the technological breakthrough that has reordered the advertising firm globally, it is only expected that more technological innovations will come on board to improve the system.
Given that people are getting more versed in social networking and advertising and the tools involved, some improvements are needed. For instance, ad-blocking software is in demand for millions of smartphones and computers.
Considering the resources that go into viewers’ data and the number of people using these platforms, it becomes relevant to improve the system, which BAT has come to do.
Advertisers and Publishers
BAT has improved users’ experience as well advertisers’ and publishers’ returns in a significant way. With BAT, the level of accuracy has improved.
These advertisers can have publishers take their ads to the end-users for just a token. The resultant effect is that advertisers can now have improved targets for their audience and get better returns for their expenses. However, the models work best with fewer ads.
Users can earn while they use the internet. They deserve BAT when they view Brave ads. The brave browser uses ML machine learning technology in monitoring attention.
With the improved experience, BAT has helped the entire society. BAT has partnered with renowned and well-respected brands like Amazon, Apple, Starbucks, and Uber, and these alliances have accepted the use of coins on their websites. These partnerships have advertised the brand to millions of people and have improved its acceptability among users.
BAT Technical Analysis
Basic Attention price analysis shows a bullish trend for BAT prices. It is expected to continue the trend throughout the day. BAT is currently trading at $0.861, an increase of 6.11 percent after a slight dip from the opening price of $0.858. The market capitalization is $1.29 billion, and the 24-hour trading volume is $268 million. Basic Attention Token price analysis reveals that BAT is currently ranking position 69 overall in the entire market while dominating 0.07 percent of the market.
BAT has been on an overall bullish trend over the past few days, with the price reaching a high of $0.862. The resistance level for BAT prices is present at $0.87, and it will be interesting to see if the bullish trend can continue past this point. The support level for BAT prices is current at $0.829, and the resistance level is present at $0.862.
BAT Price Prediction 2022-2025
BAT has performed impressively from its inception till date, and it is set to do well. The ICO launched for the coin was strategically timed. Additionally, the token has received ample attention, especially in this era where digital media greatly influences world economies.
The future of a token is essential for predicting if it will be a good investment choice. Looking at the market performance of the token and what it brings to the table, it is expected to do well on a short-term and long-term basis.
BAT Price Prediction 2022
The bullish momentum will continue, and the token is expected to reach $1.94 by the end of the year. Investors can expect a positive outcome for them and an encouraging market sentiment.
BAT Price Prediction 2023
The market sentiments are expected to retain the brighter side and drive the sales of BAT to higher values where it would be worth over $2.47. This price will fluctuate between $2.56 and $2.04 at the beginning of the year.
BAT Price Prediction 2024-2025
This token’s progress will improve farther than it has done in other years, and the asset’s value will burst expectations and increase amazingly. This token is forecasted to be a profitable investment and yield good returns for people who will be bold enough to take it on. 2024 will see the value of the token multiplying, and by the end of 2025, it will reach $3.49.
BAT Price Predictions by Industry Influencers
No one can predict cryptocurrencies with absolute certainty because the cryptocurrency market is volatile. However, some websites get their predictions from studying market trends, price analysis, trading volume, and historical data. The following are some Basic Attention Token predictions from experts. They will help predetermine the direction of BAT price.
As an investor or trader, you cannot rely entirely on these Basic Attention Token forecasts to make investment decisions as they are not meant to be considered investment advice. Here is a very high level BAT valuation from Reddit.
- BAT has a valuation of $26 per user, what I think is a valuation below what is worth.
- BAT market cap is 1.3Bi and Opera market cap is 830MM but it is necessary to consider that BAT is not Brave.
- Brave has a much higher potentiality and other products besides the browser.
- BAT also has a lot more liquidity and is listed in almost all exchanges.
In my own view, the absolute most important metric is the dollar value of the monthly BAT purchases Brave does. If it goes up, BAT is worth more, and vice-versa.
The great challenge and opportunity for Brave are to preserve, defend and enhance BAT’s relationship to these metrics. Again, as with real-world currencies, there is a huge element of trust involved. It’s clear to me Brave does care about trust – for example, they gave bonus BATs this last month to users as a way of apologizing for the technical issues that they experienced.
Conclusion
As the years go by, the Basic Attention Token price prediction indicates improvement in value. Brave browser built this cryptocurrency for its platform. However, it has garnered attention from other browsers owners, and it is set to attract web browser owners and crypto enthusiasts the world over.
The market capitalization, trading volume, and value have been impressive. The price analysis of BAT coin from each expert is optimistic with no mention of a resistance level.
However, whatever investment you make in the crypto market depends on your decision. To make a sound decision, you have to note the price movement, predictions, trading volume, etc.
For instance, it is advisable to monitor BAT token price prediction, Bitcoin price prediction, iota price prediction, etc., if you wish to invest in them. The same applies to other cryptocurrencies. This will help you make informed decisions before you buy BAT tokens.