Cryptocurrency Price Prediction

Basic Attention Token (BAT) Price Prediction 2022: Will It Skyrocket To $5?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 9, 2022

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 The ever-evolving crypto space has been generous enough for unique crypto projects to establish their reigns. One such project is the Basic Attention Token, which is built to incentivize traders. Basic Attention Token works on Proof-of-Work (PoW) consensus mechanism backed by the Ethereum miner network. 

The native token BAT has portrayed phenomenal returns in the past. Hodlers and savvies are wishful of more such runs in the near future. Are you considering BAT for your investment portfolio, but doubtful of its returns? Fret not, as this write-up will get all your doubts sorted. As we decode the plausible price predictions for 2022 and beyond.

Overview

CryptocurrencyBasic Attention Token
TokenBAT
Price$ 0.3823
Market cap$ 573,772,933.0000
Circulating Supply 1,498,150,385.8774
Trading Volume $ 63,931,526.0000
All time high$ 1.9000 Nov 28, 2021
All time low$ 0.0724 Jul 16, 2017

Basic Attention Token (BAT) Price Prediction For 2022

Potential LowAverage PricePotential High
$0.9522$1.159$1.337

  BAT had made its way to 2022, with a price tag of $1.208. Whilst ranging in an uptrend, which lasted until the 5th of January. But as the bears took control of the market, BAT experienced a major setback. Wherefore, it slid from $1.32 to its support levels at $0.962 on January 10th. 

While BAT did climb back to $1.115 by the 13th of January. But the market-wide crash called for another downtrend. Which led to the quarterly bottoms of $0.655 by the 24th of January. However, the altcoin managed to portray a leg-up towards the month-end. Unlike many of its competitors, February for BAT had commenced on a turbulent note. 

It was on the 3rd of February when the crypto asset had first signalled a leg-up. Which pushed the price to $0.983 by the 7th of February. Howbeit, aggravating turmoil resulting from geopolitical tensions between Russia and Ukraine and worsening inflation numbers. Dragged the price to $0.57. Oscillating from the lows to the highs, the quarter was closed at $0.939.  

Basic Attention Token’s (BAT) Price Prediction For Q2

 The second quarter until the time of publication has been treacherous for BAT. The digital coin has lost close to ~50% in gains this quarter. BAT is presently testing its support levels at $0.5. If it manages to pose a rebound from the levels, it could go as high as $0.669

On the flip side, losing steam from current levels could push the price to $0.4589. Constrained by a linear trajectory, the average price could settle at $0.592

BAT’s Price Forecast For Q3

  By the second half of the year, if BAT copes up to lure the interests of foreigners. With Brave wallet, Brave swap, and hold on to NFTs and Defis. A possible incline in the userbase and volumes will push the price to its potential high of $0.948

However, ebbing volumes and depleting dominance might slash the price down to $0.641. Successively, a balance in buying and selling pressures will settle the price at $0.7908

Basic Attention Token’s Prediction For Q4

  The optimism of the fourth quarter coupled with developmental initiatives falling in place. Such as BAT utility for search engines, BAT for e-commerce, IPFS and rewards. The price could climb up to $1.337. On the downside, negative criticism following the protocol failing to adhere to its claims could slash the price to $0.9522. Factoring in the bullish and bearish targets, the average price could find support at $1.159

BAT Token’s Price Forecast For 2023

  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 $2.203 by the end of 2023.

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, the price might fall to $1.779

Price Prediction Of BAT For 2024

  If the protocol brings in community-building initiatives and strives toward diverse sectors such as NFTs and Defis. The price of BAT could ascend towards its potential high of $3.748. On the flip side, emerging rivals and stiffer competition could bring the price down to $2.29

Price Trajectory For 2025

  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’s price may blow to $6.58.

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 $3.9 by the end of 2025. But if BAT successfully keeps up the privacy algorithm on the Brave browser, BAT shall trade at $5.087.

YearPotential LowPotential High
2023$1.779$2.203
2024$2.29$3.748
2025$3.9$6.58

What Does the Market Say?

Wallet Investor

As per Wallet Investor’s predictions, BAT is forecasted to hit a maximum price of $0.895 by the end of 2022.  While a trend reversal could bring the price down to a minimum of $0.426. The token is expected to trade at an average price of $0.662 by 2022. 

Digital Coin Price

According to Digital Coin price, the price may reach $0.7 by the end of 2022. And might reach $0.76 by the end of 2023. By 2025, the price may experience a steady rise and surpass $1.03.

Gov.Capital

Gov. capital has changed its prediction for the BAT price. It expects the crypto asset to hit a maximum of $0.658 this year. And with average buy and sell pressures it would end up trading at $0.57. The website has also made predictions for the long term. It expects BAT to surge to a maximum of $1.49 by the end of 2023. And a maximum of $3.705 by the end of 2025. 

Click here to read our price prediction of OMG Network’s (OMG)!

What is Basic Attention Token (BAT)?

BAT is the native token of the 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 the 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, you can also mine these tokens. Currently, the token is capped at a total supply of 1.5 billion.

Fundamental Analysis

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. 

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 any identity nor reveal it! 

After a successful launch in 2017, the network partnered and collaborated with multiple networks and platforms. One notable partnership was with the TAP Network, a leading data network and advertising platform which has a stablecoin called TAP coin. Other remarkable collaborations include those with Dow Jones Media, Quant, and Cheddar.

The project is evolving in all possible dimensions and looks forward to implementing easy micropayments for goods using BAT. The network officially announced an on-board Privacy-preserving News recommendation on its Browser. 

Our Price Prediction

Considering the previous price movements and the current price trend, the price is expected to rally steadily. According to Coinpedia’s formulated BAT’s price prediction. The token may surge slowly back to $1.4 as the year ends. In contrast, Ethereum’s scalability issues might impact the growth of BAT. Which is an ERC-20 token causing the price to slump to $1.

Historical Price Sentiments

2017

BAT initiated the trade in the mid of 2017 with a price of around $0.16 but 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.

2018

The price started the trade with a 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 between $0.1 to $0.2 till the end of 2018.

2019

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.

2020

The price began 2020 trade at 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 at around $0.2 levels.

2021

The BAT price commenced this year at the $0.2 mark. Progressing ahead it hit the $0.3 mark by the end of January. On 18th March, the price soared to $1.23. But no sooner did it reach the new juncture, as the market crashed on May 19th. 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. The market turmoil coming out of the Chinese market plunged the price to $0.5945. As bulls were taking over the market the altcoin started to soar once again. And it hit $0.7647 on October 9th, 2021. 

After ranging sideways throughout the month of October. November marked the month of the bulls when BAT’s price soared to $1.93, by the 28th of November. December turned out to be a volatile month, as the altcoin oscillated to interim peaks while heading south. The annual trade was closed at $1.27. 

To read our price prediction of Terra (LUNA) click here!

FAQ

Q: What is a BAT token?

A: BAT, the native token of Brave browser, it intends to attract the media customers and their attention. Intending to provide a platform with fewer ads, and maintain user privacy, the BAT token is built on the Ethereum blockchain

Q: Is BAT a good investment?

A: Considering the price history, BAT prices showcase a decent rate of volatility. And turns out to be a good one for the long term. 

Q: How does BAT token work?

A: The publishers and content creators get paid in BAT tokens on brave browsers. And the users of the platform can use the tokens to pay fees.

Q: Where can I buy BAT tokens?

A: BAT tokens can be bought on most of the major cryptocurrency exchanges such as Binance, Coinbase Pro, and Huobi global amongst others. 

Q: How much will be the BAT price at the end of 2022?

A: The BAT token could possibly escalate as high as $1.337 by the end of 2022. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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