The crypto space has enjoyed spectacular evolution over the past two years with a drastic upsurge. In addition, the consequent rise has led to the emergence of Basic Attention Token. Further, the central goal of the platform has been an advertising platform built to offer commission for their attention, while providing advertisers ease for better reward on their ad spend.
With the huge growing adoption, the platform is attracting many new strong hands and hence retail traders have also jumped in. Therefore, if you think about investing in BAT but are unsure of where the token will go, then this piece of writing will provide clear speculation of the upcoming rally.
The article covers the history of the token with a complete technical analysis since its inception. Also, the BAT price Prediction can assist you to get a decent picture of the upcoming price rally.
|Cryptocurrency||Basic Attention Token|
|Market cap||$ 2,499,389,099.0000|
|Circulating Supply||$ 0.0000|
|Trading Volume||$ 0.0000|
|All time high||$ 1.9000 November 28, 2021|
|All time low||$ 0.0724 July 16, 2017|
What is Basic Attention Token (BAT)?
BAT is the native token of Brave web browser which is built on the Ethereum blockchain. Created by co-founder of Mozilla & Firefox, Brendan Eich, in 2017 it is a blockchain-based system built to attract the media consumer’s attention using Brave web browser.
The token is in use for mediating payments between advertisers and content creators who lend space on their webpage for the ads. Also, to users who view the ads. Thus, Brave acts as a blockchain-based advertising platform powered by the BAT token.
Built on Ethereum, BAT is an ERC-20 token and allows the creation and transfer of smart contracts for irreversible payments happening over the network. It works on a PoW consensus like most cryptocurrencies now. Also, you can mine these tokens. Currently, the token is capped at a total supply of 1.5 billion.
The network’s first ICO was held in 2017, and it set off to be the most popular sale that happened. The coin offering climaxed with a sale of nearly One billion BAT tokens to investors across the world. The remaining 500 million tokens were locked for User growth and development in pools. However, as 2020 ended, these reserves turned nil.
The BAT can be used as a means of exchange between users, advertisers, publishers, etc, which is specialized to obtain several other advertising services. The main objective of this blockchain system is to provide the users with a platform with fewer ads according to their interests by maintaining their privacy. Also, it improves cost efficiency to advertisers and gets rid of intermediates, keeping every ad popping on the browser safe and transparent.
If you are interested in buying and starting trading Basic Attention tokens outside the network, look out for exchanges that list the tokens. According to Coinmarketcap some of the most popular exchanges are Binance, Clinbase Pro, and Huobi Global.
With conventional internet experience, moving to a website to read an article or blog, the server takes some time to fetch the data. However, if ads have collaborated, then they must be fetched too! This will eat up an extra amount of data.
The key problem with advertisements is that some of them can be malicious and no one will know about it! It paves way for hackers and creates a passage for extracting every personal and sensitive data you enter! Brave can solve even that and acts as a decentralized advertising platform.
The Brave browser works very much similar to that of Google chrome but vigorously blocks ads from appearing on the web pages. However, profiting the users, publishers, and advertisers, ads can be enabled anytime. That is, a product-based company needs to pay the browser in the form of BAT via smart contracts, which will, in turn, be distributed to the publisher who posts these ads on their webspace.
End users will also get a part of the tokens as incentives for viewing the ads. As a user, you will be paid based on how long you view the ads. Collect these tokens on your Brave rewards wallet. The network also facilitates the usage of the Basic Attention Tokens outside the network by simply transferring them to an external wallet.
Many may wonder about the need for a cryptocurrency to power the network when the user or publisher can just be paid in any fiat currency. But it is here that the network eyes on improving privacy and transparency. Transactions and payments within the network using BAT do not record your identity nor reveal it! A high-scale decentralization internet journey!
BAT Price Prediction 2021
The BAT price commenced this year with a $0.2 mark and surged significantly towards progress and hit $0.3 by the end of January. On 18 March, the price soared to $1.23. But no sooner did it reach the new juncture, the market crashed on 19 of May when the price dipped to $1.09. Further, the token became highly volatile and dropped from the $1 mark.
Recovering from the May market crash, BAT’s price started to soar from $0.5228 in July to $0.9822 in September. Yet again market turmoil coming out of the Chinese market plunged the price to $0.5945. As bulls are taking over the market the altcoin has started to soar once again, hitting $0.7647 on October 9th, 2021.
BAT Price for Q4: The BAT price has kickstarted Q4 with a parabolic move. Post gaining substantial strength around $0.75, the protocol has skyrocketed by more than 2x claiming a 4-month high of $1.4. With a decent sell-off, the price gained a substantial strength of around $0.99. However, as bulls dominated the market, the price appears to have generated subsequent lower highs since the start of Q4.
In case, bulls continue to predominate the market then BAT price would reach a maximum of $1.85. In case of a bearish trap, the price would plummet to bottom support of $0.751. With decent buy and sell pressures, the price would end up trading at $1.2.
BAT Price Prediction 2022
If this year closes with bull rallying, then 2022 may commence with a price of $1.854. On the other hand, if BAT hits the minimum as the year ends, then the next year’s trade may resume bearishly at $0.80.
The network believes to extend Brave beyond its browser and collaborate with leading third-party browsers. On this note, momentum may be induced causing the BAT price to hit a high of $3.101 by the end of 2022.
In the urge of gaining rewards, users not interested in the ads might view them, thus not yielding potential customers for the advertisers. The adoption of Brave is still controversial and if the network fails to improve this within a year, the price might fall to $1.758.
However, with regular buying and selling pressures, we can see BAT trading at $2.0153 by the end of next year.
5 Years BAT Price Prediction
The network has already collaborated with leading platforms like Townsquare, Dow Jones, and many more. We can expect better outcomes from BAT as they are planning for further partnerships. If the network successfully introduces updates like posting comments and unlocking premium content, then the Basic Attention Token price may blow $3.5017.
On the other hand, if the network falls prey to current critical debates on Mining and PoW consensus, the market may crash. In such a scenario the BAT price may wipe down to $2.487 by the end of the next five years. But if BAT successfully keeps up the privacy algorithm on the Brave browser, BAT shall trade at $3.0.669.
BAT Market Prediction
As per the revised prediction of wallet investors, BAT price is forecasted to hit a maximum price of $1.287, minimum it would flip to $0.9034. The token is expected to trade at an average price of $1.107. Walletinvestor anticipates the token to trade at an average price of $3.340. And maximum price expected is $4.351, minimum it would plunge back to $3.582 by 2025.
Digital Coin Price
According to Digital Coin price, the price may reach $1.6 by the end of 2021 and breakout $2.28 by the end of 2023. In 2025, the price may experience a 400% rise and surpass $3.23.
Gov. capital has changed their prediction for the Basic Attention Token price, they expect the protocol to hit a maximum of $1.1707. On the contrary, they believe, trend reversals in the market would plummet the price to $0.8653. And with average buy and sell pressures it would end up trading at $1.018 by the end of 2021.
The website has also made a whopping prediction in the long term, they expect the price to surge maximum of $4.4091. The average and minimum probabilities is being $3.83 and $3.25 respectively by the end of 2025.
Our Price Prediction
Considering the previous price movements and the current price trend in 2021, the price is expected to rally steadily. The price by the end of 2021 may attempt hard to cross $1.83 and keep the bullish momentum intact. By the end of 2022, the price may trend within similar levels by surpassing $2.5 would be a difficult task. In 2025 the price may rally above $4.85 and eventually try hard to smash the highest levels above $4.85 by the end of 2025.
|Year||Potential High||Potential Low|
Historical Price Sentiments
BAT initiated the trade in the mid of 2017 with a price of around $0.16 and slashed it within a month. However, it regain the previous levels and attained $0.2 in October and rallied high to attain $0.33 to mark the closing levels of the trade-in 2017.
The price started the trade with the price of $0.42 which peaked at $0.88 within a week. However, the price dumped miserably close to $0.1 by April and trended within the same range in between $0.1 to $0.2 till the end of 2018.
The BAT price maintained a more or less similar price trend throughout the year with some minor fluctuations. The price reached the yearly highs at $0.45 in mid-April and plunged back. However, the price closed the yearly trade below $0.2 at $0.18.
The price began 2020 trade with less than $0.2 and trended within the same range until it reached $0.41 by mid of August. Nevertheless, the price plunged back and by the end of December, the price traded around $0.2 levels.
The price initiated the fresh trade around $0.2 levels and surged high to reach $0.65 by the mid of February. However, including pumps and dumps, the price successfully rallied above $1 by the mid of March. The price remained above the levels since then and hit ATH at $1.65 on April 09, 2021.
BAT, the native token of Brave browser, intends to attract the media customers and their attention. Intending to provide a platform with fewer ads, maintaining user privacy, BAT token is built on Ethereum blockchain
The BAT token is expected to rally close to $1 by the end of 2021, however, $2.2 to $2.5 may also be an achievable target in the coming years.
Considering the price history, BAT prices showcases a decent rate of volatility and hence Coinpedia suggest the traders do their own research before investing
The publishers and content creators get paid in BAT tokens on brave browsers and the users of the platform can use the tokens as a utility to pay fees.
BAT tokens can be bought on most of the major cryptocurrency exchanges.