BAT Price Prediction: Will Basic Attention Token Make a Bullish Comeback?
According to our BAT price prediction, the token may soon spark a fresh bullish surge following a slight downward retracement.
The crypto space is full of scams and frauds, as it recently witnessed the collapse of the most trustworthy and popular crypto exchange, FTX. There is a long list of exploits and hacks this year that have wiped billions of dollars from the crypto market as the total market cap severely plunged from the $1 trillion mark. However, there is a way to eliminate the risks of the blockchain industry, as Basic Attention Token provides a smooth and transparent user interface and infrastructure for users to surf the crypto space in a more convenient way. BAT, or the Basic Attention Token, is a cryptocurrency that aims to solve regular-based and well-known problems of the crypto sphere. The advertising industry is plagued by several issues, including advertiser fraud, user abuse, an abundance of trackers which slows the load times, and a bloated user experience. However, the BAT token has been severely impacted by FTT’s downfall, which plummeted the entire altcoin market. Hence, our BAT price prediction aims to bring its project analysis and expected future prices with an in-depth technical analysis of the current price movement to decide the best profitable investment plan for investing in this coin.
Basic Attention Token (BAT): Roadmap
The project outlook of Basic Attention Token can be understood by its name. There is hardly any crypto project that was executed in the world of digital advertising to redress the issues that kept posing obstacles for advertisers. The Basic Attention Token (BAT) was built for the Brave Browser in 2015 and developed on the Ethereum mainnet. BAT is Brave browser’s utility token, and it was meant to make a remarkable difference in users’ experience in the digital advertising space by integrating blockchain technology. The project was established to solve some issues plaguing the online advertising space.
|Cryptocurrency||Basic Attention Token|
|Price Change 24 hours||+0.6%|
|Circulating Supply||1,491,754,554 BAT|
|All time high||$1.92|
|All time low||$0.06621|
BAT: Objective And Features
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. Moreover, users of the Brave platform can earn while they surf the internet as they are rewarded with BAT when they view Brave ads. The brave browser implements ML machine learning technology to monitor attention and reward users accordingly.
According to the BAT whitepaper, “Digital advertising is broken. The marketplace for online advertising, once dominated by advertisers, publishers and users, has become overrun by ‘middleman’ ad exchanges, audience segmentation, complicated behavioral and cross-device user tracking, and opaque cross-party sharing through data management platforms.”
With astronomical growth in the digital advertising sector, it is crucial that there be a way to unleash the true potential of blockchain in the digital advertising sector for advertisers, publishers, and end-users. As the community is becoming more and more engaged with social networking and the tools associated with it, there is a burgeoning demand for ad-blocking software that works on more than six hundred million smartphones and computers using smart contracts.
BAT Price Prediction: Price History
Before heading toward the BAT price prediction, it is essential for investors to get an overview of its past trend to get a rough idea about BAT’s future potential. However, it is to be noted that price history is not an indicator of our BAT price prediction.
Basic Attention Token went live into the crypto market on 31 May 2017 with a trading value of $0.17 after an initial coin offering of $35m in under 30 minutes. However, it dropped to a low of $0.06621 on 16 July; it recovered and was trading at $0.2444 by 2 September 2017. A series of peaks and troughs followed before it rocketed by the beginning of 2018, reaching $0.8482 on 8 January that year. It soon came back to the ground, and the token spent the next three years trading between $0.10 and $0.40. However, like a lot of cryptocurrencies, things started to change for the BAT coin in 2021 following a crypto boom. A growing coin market benefitted Basic Attention Token and skyrocketed in value.
It started the year at $0.2051, and its value increased exponentially as the market sped up. BAT touched $0.3022 at the end of January, and by 28 February 2021, it was hovering at $0.5193. March was even better for the Basic Attention Token price as it attained an intra-day high of $1.37 on 18 March. However, it was down to $1.18 by the end of the month, but its price was still favorable by over 475% over the course of three months. In early April, things improved as BAT made an all-time high of $1.65 on 9 April 2021. However, the market then seemed to correct itself, leading to a great crypto day crash on 19 May, and the value of Basic Attention Token was down to the bottom levels. It reached a low of $0.5626 on 23 May 2021 (a drop of 66% in six weeks) before making a comeback to $0.7617 on 4 June. It then plunged to $0.46 on 20 July 2021 before peaking and troughing over the next two months, reaching a high of $0.98 on 5 September and then making a low of $0.58 on 28 September. On 31 October 2021, the price was trading at nearly $1.09, from which it saw an impressive peak afterwards and made a new all-time high of $1.77 on 27 November 2021, but the price stabilized itself, and BAT was worth around $1.19 by 30 December 2021.
The start of 2022 was slow for crypto markets, and BAT was no exception as the token made a strong downtrend. By 19 January, the coin was trading around $0.96, extending its bearish trend to lows of $0.66 by the end of February. On 7 March, the coin made a four-month low and traded below $0.62. However, the coin made some upside momentum in the markets, and fleeting signs of a recovery piqued the interest of potential investors. From that price point, the coin saw an uptrend to highs of around $0.97 on 3 April, but the price has since drastically retreated following a market-wide crash in May, attaining lows of about $0.35. BAT has dropped with a solid downward potential (50%) in the last few weeks, triggered by the collapse of FTX.
BAT Price Prediction: Technical Analysis
BAT has been hovering around an extreme fear zone since its price plunged in November, and now the bearish trend has been sent to a death spiral following the recent market crash triggered by the collapse of the popular crypto exchange FTX. However, the developing team behind BAT promises a bright future despite current market hurdles. Moreover, the BAT community looks optimistic about its expected future potential as the token is making a significant recovery rally in the price chart. Our BAT technical analysis aims to bring an in-depth analysis of the current price momentum with advanced technical indicators to help you decide on a profitable investment plan.
Observing the 1-day price chart of BAT, the token is poised to flash bullish signals after a minor downward retracement in the upcoming days. BAT has witnessed a remarkable price fluctuation throughout this year and brought an immense bearish wave in the price chart after coming across a massive selloff brought by whale investors after getting pushed into a FUD situation caused by the recent market turmoil. BAT began its bearish trend after making a fake breakout near its fundamental resistance level of $0.34 on 5 November.
According to CoinMarketCap, the current BAT price is trading at $0.2281, with an uptrend of 1% from yesterday’s price. After making a low of $0.2, BAT formed support below its 0.31 Fib levels from its current price level. In the last few days, BAT price has made a significant recovery momentum in the altcoin market as the RSI-14 is slowly heading toward the North after getting out from the mud of a support region of 34 and is currently hovering around an initial bullish region of 44. The BoP indicator trades in a slight negative region of 0.18, which may soon ignite a downward correction for BAT before sparking a bullish surge. However, the crypto market is currently in a recovery phase as the impact of FTX is fading with better-than-expected CPI data and several positive news.
Our BAT technical analysis reveals that the current downturn of the market will soon vanish after a prolonged effect on multiple altcoins. Bulls are building intense buying pressure in the price chart, which may push this digital asset to a resistance level near the EMA-50 trend line at $0.25. Additionally, the MACD line attempts to hold its momentum above the signal line as it forms green candles in the BAT price graph. The Bollinger bands are also narrowing as the lower limit is at $0.19, acting as a crucial support level. If BAT drops below $0.17, it can plunge hard and trade near the bottom level of $0.11. Conversely, the Bollinger band’s upper limit is at $0.28 near the EMA-100 trend line, above which BAT can skyrocket to its next resistance level of EMA-200 at $0.36. It is anticipated that BAT may face a downtrend to retest its support level at $0.19 before making any further upward movement to new highs by the end of 2022.
BAT Price Prediction By BlockchainReporter
BAT Price Prediction 2022
According to our BAT price prediction for 2022, the token is predicted to attain a maximum value of $0.25 with an average trading price of $0.24. However, our technical analysis reveals that BAT can go as low as $0.22.
BAT Price Prediction 2023
Our BAT price prediction for 2023 expects a maximum trading price of $0.40, with an average trading price of almost $0.35. BAT might retrace downward with a minimum price of $0.34 by the end of 2023.
BAT Price Prediction 2024
BAT boasts of developing solid and overwhelming fundamentals for the crypto community. Our BAT price prediction for 2024 predicts that the token will…
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