The main idea of Eich was to change the current situation in the online advertising sector. In particular, an approach in which users pay for access to content by viewing ads. On May 31, 2017, an ICO took place, during which a billion dollars worth $35 million were sold in just half an hour.
How has the price of BAT changed since the day of IСO? What awaits the coin in 2019 and 2020? What do influencers and bloggers predict? Read all about the Basic Attention Token price forecast in 2019-2020 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 their data is used by social networks such as Facebook. This is evidenced by the growing demand for ad-blocking software that runs on more than six hundred million smartphones and computers in the world.
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.
|Project name||Basic Attention Token|
|Asset Type||ERC-20 token standard|
|All-time high / All-time low||$0.980702 / $0.066209|
|Curr. Supply / Total Supply||1,279,225,522 BAT / 1,500,000,000 BAT|
|ROI since launch||8.35%|
|Launch date||May 31, 2017|
Basic Attention Token Price History
Right after the ICO, the token appeared on the exchanges and traded at 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 promptly 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 up and down 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 the addition of BAT to the Uphold site.
However, in December, 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. Still, the cryptocurrency quite quickly entered the next phase of correction. Now we can see the BAT downtrend that began in April 2019.
By the way, last spring, BAT appeared on the list at number 55 (now 34th). This means that users invest in a token, and cryptocurrency is actively developing. However, if we analyze only the price dynamics of the current, this is not too noticeable.
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 graf 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.
Influencers Views on Basic Attention Token
Scott Melker, the crypto trader from Texas West Capital, predicts nothing good for Basic Attention Token. He writes a predict every well-known coin on his Twitter once a week. He says that the BAT price is stable low. There is the last update about the BAT:
Meanwhile, Reddit users’ predictions have great gradation. They even have a thread with BAT price prediction:
Some users assume that the BAT price will be $0.75 or even more bearish. Most agreed that cryptocurrency would cost no more than $0.40.
Basically, all the cryptocurrency market is under the bearish pressure, so there is no wonder why BAT coin price going through hard times. If we look at the following graph, we definitely can see a strong downtrend.
Since August 22, 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.
Tradingbeasts website gives predictions for every month. They predict the average price equal to $0.35 in 2019, 2020, 2021, and 2022. The difference exists only in the hundredth part of the price of a coin.
What to expect from Basic Attention Token Price in late 2019 & 2020
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.
All in all, the coin price may rise to $0.3 until the end of 2019, but it really depends on the whole market. In 2020, the coin can gain great popularity, and as a result, the rate will rise.
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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.