Basic Attention Token (BAT) is among those cryptocurrency projects that survived the crypto winter of 2018, and it’s obvious now it is here to stay. That’s a good signal for investors and speculators who’re curious about Basic Attention Token (BAT) price prediction. The future seems to be extremely exciting for BAT enthusiasts. There have been some exciting developments lately which are bound to propel the price of BAT even further.
Firstly, Grayscale launched a BAT-focused trust earlier this year, alongside four other crypto investment vehicles. Additionally, Japan-based crypto exchange BitBank listed BAT for trading in March this year. Finally, the New York Times reserved particular praise for the Brave browser in an article covering privacy-focused web browsers to add to the positive sentiments.
In this article, we’ll try to provide some short-term and long-term BAT price predictions, but before that, let’s dive into some projects’ basics and narrow down what it entails.
What Problem Does BAT Solve?
The surging dominance of digital advertising has explicitly uncovered the flaws associated with it. Internet users are smitten with irritating ads that slow them down while violating their privacy while using location trackers and sharing their data with or without permission. In fact, mobile advertising can reduce the lifespan of a battery by more than 20% and can result in data charges of up to $23 per average mobile data user.
As a result, the usage of ad-blocking software and tools has surged worldwide, meaning that traditional publishers have been missing out on a lot of revenue. Unfortunately, the multibillion-dollar digital advertising industry appears to be already broken, and Basic Attention Token (BAT) appears the perfect fix.
Basic Attention Token(BAT) represents an essential reconsideration of the way digital advertisements are dispensed. Currently, digital ads rely on intermediaries, using scripts, cookies, and numerous intermediaries to match and disseminate ads domestically, online through a list of available ads and offers.
|Circulating Supply||1,489,043,084 BAT|
|Total Supply||1,500,000,000 BAT|
|Wallets||Atomic Wallet, Ledger Nano X, Trezor, MyEtherWallets, Brave Wallet, Meta Mask, Guarda, Exodus and more|
|All Time High||$1.65|
|All Time Low||$0.06621|
|Available on||Binance, Coinbase, Huobi Global, Bithumb, Bittrex, Kraken, KuCoin, Uniswap, Gemini, Bitfinex, Gate.io, Bitstamp, FTX...|
What is Basic Attention Token?
Brendan Eich, an American programmer, launched Basic Attention Token in 2017. BAT uses Brave web browser to address various fundamental hurdles facing many global internet users, content creators, and advertisers mutually. The digital advertising sector is currently broken, and Brave’s new blockchain-based model is looking to address its main challenges. The platform autonomously bars all ads, maladverts, and trackers, making browsing secure, fast, and private.
BAT is composed of several components: an ad exchange that enables advertisers to buy ad space and user attention, analytical dashboard, ML matching algorithms, attention gauge, rewards system, etc.
Advertisers use BAT to buy advertising space and user attention. On the other hand, the digital creators and publishers receive revenue from ads and user contributions through BAT. And finally, the users are paid using BAT for their attention. When users choose to view adverts within the BAT ecosystem, their efforts are rewarded using BAT. For instance, the users are allocated 70 percent revenue share for every ad exhibited via “private ad slots.”
How Does BAT Relate With Brave?
Brave refers to an open-source privacy-focused and performant web browser that autonomously blocks ads and trackers. The browser is available in Android, iOS, Windows, Linux, and MacOS operating systems. Although Brave integrates the Basic Attention Token, they are not the same thing. Although BAT’s fundamental focus is the Brave web browser, the blockchain platform aims to expand to other web browsers such as Chrome and Opera Mini via extensions, chat/messaging applications, games, and other attention-economy apps, as per its roadmap.
The Brave browser integrates BAT through the following ways:
- Brave Payments: this is a program that enables users to support their favorite content creators and publishers. Brave Payments automatically determines a user’s contribution as they surf the internet, computing the distribution for settlement based on time spent viewing content at the end of every month.
- BAT Ads: Brave browser users that decide to join BAT Ads are allocated a portion of 70% of the revenue generated from ads shown to them. Through BAT Ads, the attention of the users is valued. The reward for viewing ads is distributed in the form of BAT.
BAT Price History
Attention Token BAT’s price hit the $0.16 mark in June 2017 and broke the price level the next month. The Basic Attention Token corrected to $0.2 in October and later picked an uptrend to close the year at a high level of $0.33.
Basic Attention Token started the year at $0.42. In just one week, the coin picked an uptrend and reached a $0.88 price level. Later in April, the token price plunged to $0.1 and traded at an average price of between $0.099 -$0.23 throughout the year.
BAT price experienced similar surges and plunges in 2019. For example, the token price reached a maximum price of $0.4 in mid-April and corrected closing the year at a minimum value of $0.18.
Basic Attention Token started at $0.201 in January 2020 and traded at that price level the following months until August reached the $0.4 mark. The token price was corrected afterward and closed at $0.2 in December.
Attention Token BAT’s price traded at $0.199 in early January and picked an uptrend the following month. Due to various market forces, the token price reached a $0.617 mark on 14 February and plunged to a minimum of $1.02 on 16 March. Attention, token BAT price, traded at that price range for next few weeks. Finally, on 9 April, BAT recorded an all-time high of $1.648.
BAT Price Prediction Over the Coming Five Years
|Year||Predicted Forecast||High Forecast|
The Basic Attention Token (BAT) price is $0.6654, with a trading volume of $137,475,626 over the last 24 hours. BAT’s total market capitalization is $991,330,378, with a circulating supply of 1.49 billion BAT coins.
Different market experts have some mouth-watering Basic Attention Token price predictions, suggesting brighter days ahead.
Basic Attention Token Price Prediction 2021
According to Digital Coin Price, the price of each BAT could hit $1.90 by December 2021. CryptoGround’s BAT price prediction is not far from that of Digital Coin Price. They predict that BAT’s price will revolve around $1.8 before the end of 2021.
Basic Attention Token Price Prediction 2022
BAT is likely to continue with the positive momentum and hit $3 by December 2022. As a result, traders and holders can expect a positive driven by positive market sentiment.
Basic Attention Token Price Prediction 2023
BAT’s price is expected to hover between $3.50 and $4.30 early into the year. The digital asset is anticipated to continue with its bullish momentum and close the year, trading near $4.90. Besides the digital advertising industry, BAT’s price will be driven by other related areas, such as its ventures in the gaming industry.
Basic Attention Token Price Prediction 2024 – 2025
The growth of the token is expected to grow at a rapid momentum than in previous years. As such, the market value of BAT will rise exponentially, and it will turn out to be a superb investment. As a result, most market experts predict that the price of BAT will hit $7 by December 2025.
Is Basic Attention Token a Good Investment?
When it comes to investments, reward/risk is the primary factor to consider. Basic Attention Token (BAT) comes with many benefits for internet users and advertisers. Furthermore, the Basic Attention Token experiences high volatility, which day traders capitalize on to earn profits as the price changes direction.
However, the inherent volatility makes trading BAT a risky investment like any other cryptocurrency. The token’s market price can change anytime in any direction, resulting in a loss of capital.
Buying and hodling risky cryptocurrencies like BAT in a reliable wallet is a suitable investment method for long-term investors. To a large extent, Bitcoin and other Blockchain projects such as Ethereum or Basic Attention Token have seen significant surges or plunges in the short and mid-time frames. Still, their price values have increased over an extended period.
Basic Attention Token aims to revolutionize the advertising ecosystem. With Basic Attention Token joining the race, the developers plan to provide a better user experience for the wallet investor, content creators, and advertisers.
Historical chart data shows Basic Attention Token has skyrocketed and dropped in the short term but has increased in the long run. Also, the token price prediction indicates that the current price will increase steadily until the end of 2025.
Every type of investment is associated with its own set of risks, and that’s why one should do their homework well before committing capital. Keeping track of the latest cryptocurrency news events is essential in understanding the volatile cryptocurrency market.
Nevertheless, Basic Attention Token appears a good investment because you can buy and hold it over the long term as its value rises. You can also earn profits by trading BAT to capitalize on short and medium-term price movements.
BAT Price Prediction – Conclusion
BAT has remained resilient in the present bear market. However, most experts and prediction sites have predicted the price of BAT tokens to rise as the years pass by. This is because the Brave browser has started attracting the attention of internet users and cryptocurrency enthusiasts worldwide. As a result, its market capitalization and trading volume have continued to surge.
Basic Attention Token remedies the essential economic inducements by properly valuing user attention, fixing privacy compliance, user privacy, and providing a mutually beneficial advertising model for publishers, advertisers, and users.
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