Basic Attention Token (BAT), Ethereum (ETH) – After the devastating moment of 2018 which saw Ethereum (ETH) on the third position, many thought the game was over for the distributed smart contract blockchain technology project. Alas, it was just the racing threshold. Ethereum has begun closing up the top of its long-term descending channel on daily basis with huge revival signs.
Nevertheless, there seems to be another coin that is performing gallantly in the present bear market. Basic Attention Token (BAT) took the chance of being an Ethereum-based ad-exchange platform, to lead not just Ethereum (ETH) but other first 34 coins in the market including Bitcoin.
While the market is still yet to find a solid traction on the recovery trend, the crypto realm has been survival of the fittest as most coins fight to be the lead in breaking out of the bear.
Furthermore, while the two coins confirmed a possible long term break out of the bear forming solid support along the upside trend, Ripple’s XRP seems to have no chance of taken over the second place as Ethereum continues grow with irreconcilable gap.
Despite the market situation, Ethereum (ETH) blockchain technology has added about 3.7% to its value against the US dollar in the last 24 hours, and against BTC, its value has been upped by about 3.8% within the same duration according to Coinmarketcap.
Looking at the 6 hours market chart, it is clear that Ethereum (ETH) is prepared for a relentless bullish race that will give XRP no overriding chance.
Basic Attention Token (BAT) Rides High beyond Imagination
On the first 35 market table, the bull left the likes of Bitcoin, Litecoin, XRP, Tron and more to give Basic Attention Token (BAT) a suitable ride on the rising wedge.
Since its credible listing on Coinbase in 2018, the altcoin has garnered bouquet of momentum and popularity in the market. Of course it is competing with the likes of Steem, Tron and other blockchain technologies in the content industry, but the fact that it is accepted by major content publishers like Vice, Barron’s, The Guardian, Washington Post, and Vimeo is an edge.
BAT displayed its potency by leading the market with about 5.6% rise in the last 24 hours according to Coinmarketcap as at press time, and the trend line depicts a strongly winged long term bull race.
The future holds happenings but Ethereum (ETH) and Basic Attention Token (BAT) are trending beautifully with signals of a better tomorrow.