The state of the digital currency market right now is not very impressive. However, many digital asset investors and traders are not surprised by it. At the moment, almost all the top 30 digital currencies in the market are in the red. Only about four digital currencies are trading in the green according to Coin Market Cap. The cryptos trading in the green include Binance Coin (BNB), Cosmos (ATOM), Basic Attention Token (BAT), and Crypto.com Chain (CRO).
The price of Binance Coin is up by more than three percent, Cosmos is up by one percent, Basic Attention Token is up by almost ten percent, and CRO is up by more than fourteen percent. The highest gainer so far is CRO, with Basic Attention Token holding the second spot. The massive increase in the price of Basic Attention Token is surprising, as all the top digital currencies in the market are deep in the red.
Bitcoin (BTC), which is the most dominant coin, is down by almost two percent over the past twenty-four hours. Ethereum (ETH) and XRP (XRP) are also deep in the red by more than two percent, with Litecoin (LTC) being one of the highest losers.
Does the Price Action of Basic Attention Token Make It the Best Cryptocurrency to Invest in 2019?
Usually, when the price of Bitcoin surges higher, every other coin in the market will follow. The same trend occurs when Bitcoin price plunges lower. Altcoins basically follow the trend of Bitcoin (BTC). While other digital currencies still followed the trend, Basic Attention Token (BAT) and a few others chose to opt out. The recent price trend of Basic Attention Token has been pretty impressive, making many digital asset investors consider it as the best cryptocurrency to invest in 2019.
Is BAT the best cryptocurrency to invest in 2019? Does Basic Attention Token have the fundamentals to emerge as the best cryptocurrency 2019? The bullish Basic Attention Token news has helped to bring the digital currency to where it is today. The bullish BAT price prediction 2019 has also helped to increase the adoption of the coin by attracting more digital asset investors and traders to the coin.
Basic Attention Token Price Analysis – Best Cryptocurrency 2019
The price of Basic Attention Token is presently within the 30 and 35 cents level. The value of BAT surged significantly after the recent crypto bull run. Interestingly, even when other digital currencies are correcting lower, the price of Basic Attention Token is still on the rise. The price of BAT is currently supported at the 30 cents level – the previous resistance level of the coin.
At the moment, the immediate resistance of the digital currency is at the 33 cents level. Basic Attention Token looks set to surge higher but it needs to break over this level to achieve that. If the digital currency breaks over this level, it could test the 35 cents and 36 cents levels in the short-term
Basic Attention Token Price Today
At the time of writing, the value of Basic Attention Token is 32 cents after an increase of about ten percent over the past twenty-four hours. The current market cap of the digital currency is $403.81 million. The trading volume of the digital currency over the past twenty-four hours is $49.2 million. With the gains amassed by Basic Attention Token over the past day, do you consider it as one of the best cryptocurrency to invest 2019?
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.