The native token for a blockchain-based ad platform, Basic Attention Token (BAT), seems to be deifying all odds in the market as the ecosystem bleeds out profusely. However, analysts have projected that the cryptographic project may be in for another major price correction from its previous support ($0.411), after an earlier one which made it escape the price band of $0.261 and $0.333.
Targeted at revitalizing the online advertisement industry by eliminating third parties, Basic Attention Token (BAT) has managed to trade up from its previous support to $0.504 as Bitcoin continues to fail in its attempt to push above $5300.
After initiating a rally on the upside trend on April 18 with 10% added, unstoppable Basic Attention Token hits its all-time high since July 2018. On April 20, Basic Attention Token also surged by 6% to be priced $0.3618.
While on the rising wedge, the altcoin has been able to achieve another all-time high with 8.33% increase in the last 24 hours with a market cap of $570,434,645 that makes it sit comfortably at the 21st position. Basic Attention Token is presently priced $0.259, and there are signs that the bull is yet to reach its peak.
Looking at the 1 month chart, it is obvious that the ads focused crypto coin has been on the upside trend since the last 30 days, and there has been no hiccup to take the coin down the slope.
After maintaining a band price between S1 ($0.261) and S2 ($0.333) for 20 days, the altcoin rallied for another momentous push upward the table on April 19, and since then, Basic Attention Token has found no clog in its wheel to reach the ceiling.
In the last 7 days, BAT has been able to register 63% value rise in the market.
Possible Reason Behind Basic Attention Token (BAT)’s Surge
The resent price surge of the altcoin has called for series of speculations from enthusiasts. However, an opinion which seems tangible relates the imminent launch of advertisements on Brave Browser to the altcoin’s growth.
Although the market is in red, but there are signs that Basic Attention Token (BAT) will lead the market out of bear in a short while from now.