BAT (Basic Attention Token) becomes the most used token in the digital finance space in Q2 2020. The token has surpassed ethereum in transaction volume by more than $300 million according to a report on Monday from dapp.com. Jon Jordan, director of communications at DappRadar suggests that the popularity of the token was based on the best return on the compound and not because of any feature of BAT. Enough BAT was borrowed in June alone to make it the most traded digital asset in Q2 2020.
Coincheck exchange - a Japan-based cryptocurrency exchange will soon support the trading of BAT. The token experienced exponential growth over the last few months during the pandemic and crossed the mark of 15 million users.
What Is Basic Attention Token (BAT)?
Basic Attention Token or BAT is an open-source advertising platform built on Ethereum platform using smart contract revolving around blockchain technology. It was founded by the famous internet entrepreneur Brendan Aich in 2017. It is introduced as a means for all monetary transactions on advertising platforms.
The users need not reach out to the external servers for every page load as ad matching is performed locally. The browser has an entire collection of user data along with URLs, browsing information, active tabs and so on. They also provide with some offers if they find a user inclined to a certain site or page.
Currently, Basic Attention Token (BAT) is trading at $0.259900 with BAT price 1.03% down today. The market cap of Basic Attention Token is USD 386,529,821 with 1,487,222,637 BAT circulating currently. The 24-hour price movement chart indicates that $174,743,325 worth of BAT were trading.
BAT has tried and got its own identity, and is known by almost everyone in the crypto world for its hunger to succeed. Let us check some of the predictions for BAT:
Crypto Ground has given a detailed prediction for BAT in the years to come. They have predicted that BAT might reach $0.2182 by the end of the year, which would be an increase of 66.21%. They even predicted that in 5 years, BAT might reach $0.9139.
Digital Coin Price has given BAT predictions till 2026. They believe that BAT might reach $0.2141 by 2019 end and $0.545 by 2025 end. Their prediction is taken on a conservative note.
Wallet Investor believes that there is a possibility of BAT token value going down to $0.0365 by 2019 end.
Trading Beasts is a crypto prediction website, which has given a monthly prediction on BAT and predicts that BAT might reach $0.25 by the end of 2019.
2019 is going to prove BAT’s capability to the fullest. We saw that during the bearish trends, BAT was one of the least affected coins, which is a sign that it won’t fall down even in times of heavy turbulence. As over the years, online advertising has become really inefficient, BAT has managed to create a niche ecosystem for itself. The Brave browser is solving all the issues and in return, their user base is also increasing exponentially. By the end of 2019, BAT might reach $0.348, which doesn’t look like an impossible scenario.
BAT aims to revolutionize the way customers are interacting with the companies. Even very recently, the Brave browser made a partnership with Cheddar, the leading media and entertainment company. They have partnered to provide free subscriptions to premium Cheddar content for users of the Brave browser. Even there are speculations that Imgur, one of the internet’s largest photo-sharing sites are going to be BAT’s partner sometime soon, in 2019, which would mark a significant development for the BAT project. BAT getting enlisted on Coinbase and Goldman Sach’s circle platform in itself is a big step for BAT, which might reach $0.348 by 2019 end.
BAT token is relatively new and has many more miles to go and never sleep. IT is one of the top 35 cryptocurrencies in the world, which has aimed at making ads useful, for creators as well as the users. 2020 might be even better for BAT as it might get the big players on the table to partner with, which might lead to unstoppable developments for BAT. This might lead to high adoption and growth rate. By the end of 2020, BAT Is estimated to reach around $0.527.
In 5 years, the crypto world will develop and progress like anything. As far as the future of BAT coin is concerned, it might take the advertising industry by storm and grab the spot for building on it for long term developments. Anyway, it has got industry-wide support, with many big names in it and high basic attention token potential. By 2025, BAT Might reach $0.658 and can even hit $1 mark. (BAT price prediction 2025)
BAT is considerably performing better and is expected to grow more in 2020 and the years to come.
Basic Attention Token (BAT) is trading at $0.1948, as of May 11, 2020.
BAT might go up and reach $0.527 by the end of 2020.
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