The main idea of Eich was to change the current situation in the online advertising sector. On May 31, 2017, an ICO took place, during which the company managed to attract $35 million in just half an hour.
How has the price of BAT changed since the day of IСO? What will await the coin in the next few years? What do influencers and bloggers predict? Read all about the Basic Attention Token price prediction in 2020-2025 on Changelly!
Basic Attention Token Fundamental Value
BAT was invented to pay for the functionality of the new Brave web browser. The BAT project, along with the Brave browser is quite impressive, as it tries to solve some of the fundamental problems that exist today in digital advertising.
For example, everyday consumers are increasingly aware of how social networks like Facebook use their data. This is evidenced by the growing demand for ad-blocking software that runs on more than six hundred million smartphones and computers.
It is becoming increasingly difficult for the industry to align relationships between advertisers, publishers, and end-users. The advertising ecosystem exploits the personal data of users. Also, a lot of money is spent on reporting on engagement.
Demand for BAT will be formed depending on the following factors:
- Advertisers pay tokens to publishers to bring their ads to users;
- Users earn BAT for viewing ads. Attention is monitored in the Brave browser using machine learning technology (personal data always remains on devices and is not used for personal gain);
- Advertisers get good returns as a result of increased levels of accuracy.
Basic Attention Token (BAT) Live Price
Basic Attention Token Price History
Right after the ICO, the token appeared on the exchanges and traded at the price of 17 cents. Against the backdrop of increased interest in the project, cryptocurrency quickly entered a positive trend and doubled the cost in a couple of days. Market capitalization increased from $35 to $285 million. A sharp rise went into the correction phase, and within a month, the price dropped to 9 cents and capitalization to 90 million.
Almost symmetrical jumps of the rate persisted until the end of 2017. In December, the price of BAT rose to 70 cents, and capitalization approached 700 million.
The spring of 2018 brought another correction, which again dragged on for many months. Then it ultimately turned into a downtrend, which was characteristic at that time for the entire market. In summer, the coin’s performance briefly jumped up amid news of BAT’s addition to the Uphold site.
However, in December 2018, the price of the coin began to grow due to the positive news background. Firstly, BAT was listed on the popular Coinbase exchange. Secondly, the developers announced the long-awaited payment for viewing ads. These factors raised the cost of BAT to a historic high of 90 cents, and capitalization to 900 million.
Later, against the backdrop of a general market decline, coin performance plummeted. The cryptocurrency quite quickly entered the next phase of correction. In April 2019, the BAT token reached $0.4. The graph was showing both an up and down trend. Since March 2020, the coin price is still growing.
Basic Attention Token Live Price
Basic Attention Token (BAT) Technical Analysis
Well, there is not actually any technical analysis expertise of Basic Attention Token (BAT). However, here is the aggregate rating for BAT from several traders & analysts on TradingView.
Basic Attention Token Community Reputation
Since the launch date, the coin has been popular. Gradually gaining momentum since 2017, the company has entered into many agreements with global brands. Coins are accepted at Amazon, Starbucks, Uber, and Apple.
If we compare the graph of the Basic Attention Token worldwide trend with the graph of the change in its price, we can notice that the price of the coin completely depended on the popularity and significant events.
Basic Attention Token Price Prediction for 2020 – 2025
Here we’ve aggregated the best Basic Attention Token (BAT) coin price predictions for the next few years.
#1. Wallet Investor BAT Price Prediction for 2020-2025
According to the WI, BAT is a good long-term investment. The Basic Attention Token price can go up from 0.15 USD to 0.17 USD in one year. The long-term earning potential is +14.54% in one year. The Basic Attention Token (BAT ) future price (in 2025) will be 0.139 USD. Basic Attention Token (BAT) and potentially its market environment has been in a bullish cycle in the last 12 months.
#2. Crypto Ground Basic Attention Token Price Prediction for 2020-2025
Based on the data, it can be predicted that it is profitable to invest in Basic Attention Token (BAT) for the long term. By long-term, the source means 5+ years. The price of Basic Attention Token (BAT) in 5 years will be around $0.92.
The price of Basic Attention Token (BAT) in 2021 will be about $0.51. The price of 1 Basic Attention Token (BAT) will be around $0.92 in 2024.
#3. Trading Beasts Price Prediction for Basic Attention Token
Basic Attention Token price is forecasted to reach $0.41 by the end of the year. In 2021, the BAT coin price will be $0.44. In 2022, the price of one BAT coin will be $0.48. By the end of 2023, BAT coin price will reach about $0.55.
Influencers Views on Basic Attention Token
Scott Melker, the crypto trader from Texas West Capital, predicts nothing good for Basic Attention Token. He writes predictions for every well-known coin on his Twitter once a week. He says that the BAT price is stable and low. There is the last update about the BAT:
Basically, all the cryptocurrency market is under bearish pressure, so there is no wonder why the BAT token price is going through hard times.
Since August 22, 2019, the Kraken exchange has added BAT cryptocurrency to the listing. In the future, this may affect the price of the cryptocurrency in a positive direction because it is a significant milestone in the crypto sphere.
Well, let’s be frank: the idea of the Brave team and Basic Attention Token is great. While the internet-ads become ineffective, the browser and token take advertising to the new level.
Over time, the number of users and coverage will increase, which will inevitably lead to at least a slight increase in the price of BAT. The coin rate can also grow due to the growth of the main cryptocurrency and altcoins, so you need to follow the rate of more popular and significant crypto coins.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements.
Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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from Changelly https://changelly.com/blog/basic-attention-token-bat-price-prediction/