Last Update: January 11th, 2022

Content

• BAT/USD Price Forecasts
• Forecast Summary
• BAT/USD Live Chart
• Price Prediction for the Next 5 Years
• BAT/USD Technical Analysis

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MARKETS TREND The market trend factors in multiple indicators, including Simple Moving Average, Exponential Moving Average, Pivot Point, Bollinger Bands, Relative Strength Index, and Stochastic.

BUY BAT

The BAT price started this year(2021) with a $0.2 level, grew nicely towards progress, and hit $0.3 by the end of January 2021. On 18 March 2021, the BAT price rose to $1.23. But the upticks were short-lived as it reached the new position; the market crashed on 19 May when the price plunged to $1.09. Afterward, the token became highly volatile and dropped from the $1 mark. The Basic Attention Token price is trading near $0.575057 with a 24-hour trading volume of $186,511,029. BAT has fallen by 1.30% in the last Twenty-four hours. The current market ranking is #74, with a live market cap of $861,250,573. It has a circulating supply of 1,497,678,376 BAT coins and a max supply of 1,500,000,000 BAT coins.

BAT is different from most of the cryptocurrencies, which act as means of payment as their primary objective. Although the crypto market acquired the status of safe havens since the breakout of the coronavirus, BAT hasn’t really benefited from it. The surge in BAT only started in February 2021, while other digital currencies have been surging since November 2020. The reason for this is that BAT is not really intended to act as a means of payment in everyday life or for wealth transfer, like most cryptos. BAT was created to be exchanged/used on the Brave web browser between advertisers, publishers and users, which we will explain in further detail below.    

Recent Changes in the BAT Price

BAT or the Basic Attention Token is the native digital coin of the Brave web browser, which I downloaded recently and is built on top of Ethereum network. It was created by Brian Bondy and Brendan Eich, who is the co-founder of Mozilla, Firefox and JavaScript. The aim was to improve the fairness in distributing the advertisement generated cash above all, but also to improve the efficiency and security of digital advertising through the use of block-chain technology.

Basically, BAT tracks the time for web browsing and web-based advertising, making online adverts more specific for the user, as well as sharing some of the profit generated on the site. It tracks the time media consumers spend, as well as attention on websites using the Brave web browser. It has attracted some attention recently, such as from the Digital Currency Group-backed Grayscale Investments, which formed the Grayscale Basic Attention Token trust. That was one of the reasons for the jump in the BAT price over the last few days, increasing the market value to $1.857 billion and nearly doubling in price, as it surged from $ 0.73 to $ 1.42. 

 BAT Token Live Chart

Understanding Brave 

As we mentioned above, the BAT token is native to the Brave browser, so in order to understand BAT we need to understand Brave first. Brave came as the need increased for a browser which had privacy as its main goal, designed to block trackers, invasive cookies, and malware, as well as be an open-sourced browser. The ability to inflict damage from viruses, robot programmes, malware, etc has surged enormously and the traditional browsers or platforms have suffered from credibility issues. Besides that, large platforms like Facebook, Google, etc have reduced the price of information while at the same time taking a nice cut of revenues coming from advertising themselves, which has reduced the advertisement revenues for publishers.

As a result, the need for a browser such as Brave arose and in January 2016 Brave Software launched the first version of the Brave browser. It had an ad-blocking feature, and the company had plans for a privacy-respecting advertisement-feature and a program to share the generated revenue. The browser used to run on an Electron fork called Muon until 2018, but then moved to Chromium, to ease their maintenance issues according to them. Brave launched its version 1.0 in November 2019 and accounts for around 25 million active users. It has also incorporated Tor in its browser, which helps users and their online information remain anonymous. It is a free and open source software and it directs the internet traffic through a worldwide, volunteer overlay network to hide a user’s information and location.

The BAT Token

The initial coin offering ICO of BAT took place on May 31 2017 and 1,000,000,000 BAT were sold in less than a minute, which totaled 156,250 Ethereum or $35 million at the time. BAT (Basic Attention Token) is an open-source and decentralized advert exchange platform, which is based on the Ethereum network. Brave Software International SEZC held 500,000,000 BAT itself and it distributed another 300,000 BAT to new users. The name of the token itself tells the story; BAT and Brave track the attention of the users which is recorded only on the user’s device (PC, Smartphone), unlike other browsers which send it to the company’s database and use it, for selling or any other thing. BAT is meant for exchange between users of Brave, advertisers and publishers as well, and to hold privacy sacred.

Big tech like Google and Facebook take a significant part of the revenue from publishers and advertisers, while giving nothing to the user. At the same time, they drive the price of information down due to the monopolized system, which doesn’t benefit publishers. BAT’s objective is for users to experience fewer and more well-tailored adverts to their interests while at the same time not giving up their data privacy rights. This way it helps advertisers target their audiences better and publishers to earn more, while users can also earn BAT coins based on how long they use the Brave platform and particularly by the ads that they chose to see. You will have to register to receive the BAT tokens. I have earned 0.1 Bat so far for the half day that I have been registered on the Brave browser and I think I might stay, since they are accumulating and the BAT has taken off at last.  

BAT Catching Up Late With the Crypto Market Sentiment

BAT coin is different from the majority of cryptocurrencies. While the large part of digital currencies can be used to buy a wide variety of items in many shops and retailers, with the list still growing, BAT can only be used in the Brave browser. Although it is traded over global or regional cryptocurrency exchanges. BAT is not really a cryptocurrency right now, although it might turn into one later considering how fast this market is evolving. But, at the moment it is more of a utility token which can be used as a unit of account between advertisers, publishers, and users in a new, blockchain digital advertising and services platform.

So, BAT normally doesn’t behave like other cryptos, because the performance and adaptation/usage depends on the Brave users. The more people use Brave, the more the demand for it increases. Although, it is not totally out of the crypto market bubble, which picked it up in December 2017 and again in this latest crypto surge. But, BAT token lost most of the bullish move in the crypto market during the Q4 of 2020. It only started turning bullish in February this year when it jumped from around $0.30 to above $0.70. The second surge came by the middle of March as the BAT price increased from around $ 0.70 to $ 1.50, currently trading above $1. The latest surge came after some big name in the industry decided to adopt the BAT coin, which we will cover in the section below.  

Adoption of BAT

The BAT token is a new concept, but so were cryptocurrencies when Bitcoin came out. Besides that, this is a really interesting concept. Brave in itself is interesting as a platform, considering that it keeps your details and history in your PC only, which means high privacy. But considering that BAT could only be used in this browser, it was a little bit difficult to persuade the public. But, BAT became available for cashing out in October 2019, which has made it more interesting for a larger audience. Besides that, BAT is being adopted by some large names in the crypto world, as we mentioned above. The digital currency group Grayscale Investments has launched five new digital currency investment trusts, one of which was the Grayscale Basic Attention Token trust. The growing demand from institutional and individual investors has made cryptos more attractive and one of the main markets now. Also, BAT is now also available on the Binance Smart Chain as wrapped BAT. Xiaoguang Zhang, the Binance Smart Chain Ecosystem Coordinator said, “With this strategic integration between the Brave browser and Binance Smart Chain, we will introduce seamless UX together for crypto users to access DeFi and DApps in BSC and other blockchains, which will dramatically inspire mass adoption and inclusive finance“. Brendan Eich, the CEO and co-founder of Brave also added, “our hope is that BAT and Brave will take crypto mainstream and to make DeFi user-friendly for the mass market. With wrapped BAT now available on BSC, we believe this is achievable. We are especially excited by the low transaction fees and scalability of Binance Smart Chain and how that enables us to build scalable and seamless DeFi applications for Brave users,” 

The BAT token started life in late 2017, which was a really great time for cryptocurrencies, as this new market was attracting broader attention from the public for the first time. BAT was launched at $0.10, which turned out to be the bottom level for this digital currency for years to come. It benefited from the bullish momentum in cryptocurrencies, joining it right at the very start, and increasing to 1.0880, which translates to an 11-fold appreciation.

As of 18 October 2021, the Basic Attention Token was trading at $0.69, in terms of its USD rate, with a 0.13 percent price movement in the last hour. BAT has a total market capitalization of $1,027,485,673, with a daily trading volume of $295,069,602.00. This puts Basic Attention Token (BAT) in 96th place in the cryptocurrency market.

If you are a crypto investor, you may be wondering what the Basic Attention Token price prediction for the end of 2021 is, or what the Basic Attention Token will be worth by the end of 2021. Is the Basic Attention Token a smart investment or something to still consider purchasing in 2021? Will the price of BAT surpass its all-time high? These are our Basic Attention Token (BAT) price forecasts for the future.

BAT/USD Weekly Timeframe –  50 EMA Supports

According to the Basic Attention Token prediction price and technical analysis, the BAT price is likely to cross an average price level of $0.76 in 2021, with a minimum price value of $0.73 by the end of the current year. Furthermore, BAT has the potential to achieve a maximum price of $0.78.

Price Prediction for Basic Attention Token (BAT) in November 2021: In November 2021, the price of the Basic Attention Token is expected to be as low as $0.66. With an average predicted price of $0.73, the BAT could reach a maximum probable level of $0.75.

Price Prediction for the Basic Attention Token (BAT) in December 2021: The price of Basic Attention Token is expected to reach an average monthly limit of $0.76 in December, with the currency trading between a high of $0.78, and a low of $0.73.

Updated: Oct 18, 2021