Basic Attention Token Has Seen A Significant Level of Growth This Year

Basic Attention Token is one of the most popular digital currency in the market. The digital currency is very popular not because it is associated with Brave browser, but because it provides a great investment opportunity. Many digital asset investors also consider it as one of the best cryptocurrency to invest in 2019. Basic Attention Token has seen a significant level of growth this year, and the digital currency looks set to surge higher in the short-term. The short-term Basic Attention Token price prediction is very bullish and the effort of its parent firm might further boost the price of Basic Attention Token, making it one of the best cryptocurrency to invest in 2019.

Brave browser is associated with Basic Attention Token, and this has significantly increased the price of Basic Attention Token (BAT). It has also resulted in bullish Basic Attention Token news and Basic Attention Token price prediction.

Basic Attention Token News – Brave is the most popular web browser in the digital currency space

Brave has grown to become the most popular web browser in the digital currency space. The project used blockchain technologies to conquer the demand of the community. Brave boasts of a lot of fascinating and attractive features. The features of the browser have taken it outside the crypto-verse, and it is now competing with Google Chrome. Brave is now among the top three most downloaded mobile browsers in the world. Recently, the browser even took over the position of Google Chrome as the second most downloaded browser for a short period of time. At the moment, both browsers are competing for the second position, with Mozilla Firefox holding the first position.

Brave created Basic Attention Token to use it as a means for transferring value through the web browser. The firm aims to reward users with Basic Attention Token for viewing content and also rewarding creators for their work. Over the past year, the price of Basic Attention Token grew as fast as the firm. Basic Attention Token was listed by two top trading platforms – Circle and Coinbase, and this significant boosted the price of Basic Attention Token. Nevertheless, the digital currency is currently in the red due to the recent bearish crypto news. Binance – the most dominant digital currency trading platform in the world – was recently hacked. Attackers found some loopholes on the platform and stole Bitcoins worth more than $40 million.

Basic Attention Token Price Prediction  – Will BAT USD Price Recover?

At the time of writing, BAT USD live price is $0.34 after a decrease of about five percent over the past twenty-four hours. The current market cap of the digital currency is $400.65 million. The trading volume of the digital currency over the past day is $51.39 million.

According to the latest BAT price analysis on Coincodex; while Bitcoin BTC, 3.64% continues to gain market dominance, most top altcoins are losing momentum and retracing to solid support levels. Accordingly, Basic Attention Token BAT, 10.10% nears the $0.3 support on a bearish retracement after recording a $0.5 high on April 21.

In the last three months of trading, BAT had displayed tremendous gains after rising from $0.1 in early February.

Considering the ascending green trend line as diagonal support, the token is actually in the bullish territory but has been losing the market to the bears for the past three weeks. Meanwhile, it appears that the selling momentum may exhaust on the supporting green line at $0.3, where the price is likely to bounce or break. The actual scenario is revealed on the daily RSI.

If BAT bounces at the $0.3 support, another impulsive move could possibly revisit the previous resistances of $0.4, $0.45 and $0.5 in a subsequent move. On the other hand, breaking $0.3 level might drop the price below the supporting green line, testing $0.25 support and potentially even lower levels.

Currently, the daily Stochastic RSI is reflected at the oversold territory, compounding for a bullish move.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.


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