January 14, 2020: Basic Attention Token (BAT): Up 3.37%; Surprising Moves In Price


Basic Attention Token: What’s the Latest Regarding its Price?

Basic Attention Token is up by approximately 3.37% from the previous day, with its price currently hovering around $0.193 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 4.1% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Basic Attention Token’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.179156 and $0.191634. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

Get your analysis of Basic Attention Token (BAT) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.

As for Basic Attention Token’s market cap, it is currently at about $265M US dollars.

What Anamolies Occurred Since Yesterday?

Yesterday, the metrics price saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Straight Off the Chain

2,482 transactions amongst holders of Basic Attention Token occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Basic Attention Token increase by 537. To provide context, we’d rank this token as 11 out of the 29 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are Basic Attention Token’s Richest Holders?

The top 1,000 Basic Attention Token wallets hold over 88.79% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 4.22% of the currency’s total money supply. Exchange ownership grew by 1.21% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.12% over that time period. The underlying smart contract itself for Basic Attention Token owns 0.02% of the total money supply; over the past week, this amount has not changed.

How Much Development is Occurring?

In terms of how active the software development team working on Basic Attention Token is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on January 13, 2020, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.37 per day, while the number of followers watching Basic Attention Token’s repositories is growing by 0.07.

The Latest on Basic Attention Token and Social Media

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Basic Attention Token on Twitter here.

Where to Buy

You can trade Basic Attention Token, listed under the symbol BAT, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.

Article by SixJupiter





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