Basic Attention Token (BAT) is one of the cryptocurrencies taking the crypto space by surprise. This project will make massive improvements in the digital advertising space and related fields.
As crypto markets plummet, Basic Attention Token, the crypto behind the privacy-centric web browser Brave, is currently defying the downturn. The BAT community can start earning and using BAT now in the Brave browser. They’re making crypto and DeFi accessible for everyone.
Knowing the Basic Attention Token price is essential for creating a wise investment move. If you are concerned about BAT price prediction, you are in the right place.
Today’s Basic Attention Token price is $0.32612, with a 24-hour trading volume of $32,241,267. Basic Attention Token is up 2.71% in the last 24 hours. The current CoinMarketCap ranking is #74, with a live market cap of $486,932,389. It has a circulating supply of 1,493,102,345 BAT coins and a max. supply of 1,500,000,000 BAT coins.
What is BAT?
Basic attention token, BAT was created for the Brave Browser in 2015, and it was developed on the Ethereum platform. BAT is Brave browser’s utility token. It was meant to make a remarkable difference in users’ experience in the digital advertising space. The project came on board to solve some issues plaguing the online advertising space.
BAT founding team
The founder desires to reach great heights with the project within ten years. BAT’s capability to affect the online advertising space makes it a great project.
There was an ICO for the project on the 31st of May, 2021, and BAT exploded to realize $35 million within 30 minutes.
The creators have maintained their goal, and the project has supported this line of progress over time. Presently, there are up to 5.5 million active monthly users of the platform.
What is the mission of Basic Attention Token cryptocurrency?
BAT aims to solve some issues in the digital advertising space and bring some benefits to users, advertisers, and everyone concerned. Given the technological breakthrough that has reordered the advertising firm globally, it is only expected that more technological innovations will come on board to improve the system.
Given that people are getting more versed in social networking and advertising and the tools involved, some improvements are needed. For instance, ad-blocking software is in demand for millions of smartphones and computers.
Considering the resources that go into viewers’ data and the number of people using these platforms, it becomes relevant to improve the system, which BAT has come to do.
Advertisers and Publishers
BAT has improved users’ experience as well advertisers’ and publishers’ returns in a significant way. With BAT, the level of accuracy has improved.
These advertisers can have publishers take their ads to the end-users for just a token. The result is that advertisers can now have improved targets for their audience and get better returns for their expenses. However, the models work best with fewer ads.
Users can earn while they use the internet. They deserve BAT when they view Brave ads. The brave browser uses ML machine learning technology to monitor attention.
With the improved experience, BAT has helped the entire society. BAT has partnered with renowned and well-respected brands like Amazon, Apple, Starbucks, and Uber, and these alliances have accepted the use of coins on their websites. These partnerships have advertised the brand to millions of people and have improved its acceptability among users.
BAT Technical Analysis
BAT price analysis indicates the digital asset has been making higher highs and higher lows since late August as the market structure continues to favor the bears. From a technical standpoint, the digital asset is currently following an ascending parallel channel. The market has completed two bearish retracements, one from early August’s highs and another from mid-September’s lows. BAT’s current price is $0.3384, a decline of 1.58 percent in the last 24 hours.
The digital asset is currently trading at the upper end of the ascending parallel channel, and a breakout above the upper trendline could see BAT target the $0.36 level. On the other hand, a breakdown below the lower trendline of the ascending parallel channel could see BAT retest the $0.24 level.
The technical indicators are giving mixed signals as the MACD is favoring the bulls while the RSI is trading in bearish territory.
The market is expected to remain range-bound in the near term as the bulls and bears battle for control. The market volatility is currently high, as seen by the bulging Bollinger bands. A breakout from the current trading range could see BAT target the $0.50 level. A sell-off in the broader market could see BAT retest the $0.24 level as investors engage in profit-taking.
The moving average lines are currently giving mixed signals as the 50-day MA is trading above the 200-day MA. A crossover of the moving averages could see BAT target the $0.50 level, while a bearish crossover could see BAT retest the $0.24 level in the near term.
The market is expected to remain volatile in the near term as investors await fresh catalysts.
To summarize this BAT price analysis, we expect the current market conditions to persist in the near term as investors remain cautious. A breakout from the current trading range could see BAT target the $0.50 level, while a sell-off could see BAT retest the $0.24 level in the near term.
BAT Price Predictions 2022 – 2031
At Wallet Investor, their BAT forecast expects the coin price to reach as high as 0.000273 by the end of 2022. The website has a more modest prediction, estimating that BAT might reach $0.000965 by the end of 2027, which is still +955% up from the current price.
DigitalCoinPrice has more modest long-term BAT price predictions, forecasting that the coin might reach an average price of $1.69 by 2027. The website believes that the digital asset could potentially attain a maximum price of $0.47 by the end of 2022. The site believes by 2030; BAT will be trading at a maximum value of $4.78.
According to predictions made on PricePrediction.net, the value of one BAT might potentially reach as high as $0.53 by the end of 2022. The site predicts BAT could potentially attain a maximum price value of $3.70 by 2027 and $10.52.
For instance, Gov.Capital’s BAT price forecast suggests a price of only $0.41 by the end of September, but a spike in value in late October and pass the $0.50 mark. The site then suggests there will be a general uptrend to around $0.67 by the end of December. In August 2023, the coin is expected to break the $1 barrier.
BAT Price Prediction 2022
According to our BAT price forecast, the value of one BAT might potentially attain a maximum price of $0.53 by the end of 2022. The site predicts BAT could potentially attain a minimum price value of $0.48 and an average trading price of $0.649.
BAT Price Prediction 2023
The market trend and technical analysis point to the prices of BAT continuing their surge in the next few months and potentially reaching a high of $0.88 by year’s end. An average forecast price of $0.73 and a minimum of $0.70 is possible by the end of 2022.
BAT Price Prediction 2024
According to our predictions, the bull run is expected to continue, and prices might reach an average trading price of $1.03 by the year 2024. The BAT price might attain a maximum trading price of $1.03 and a minimum price value of $1.0 by the end of 2024
BAT Price Prediction 2025
Basic Attention Token is expected to make significant gains in the next several years, according to the long-term price forecast. The average forecast price for 2024 is $1.50, and the token could potentially reach a minimum price of $1.46. By 2025, the prices are expected to surge even higher and could potentially hit a maximum price of $1.73.
BAT Price Prediction 2026
Basic Attention Token price prediction for 2026 sees the prices potentially reaching a new all-time high by then. The average value is $2.20, and the token could potentially reach a minimum price of $1.96. The maximum price that could be attained is $2.25.
BAT Price Prediction 2027
In 2027, BAT will be one of the most promising investments in the crypto sphere. The average forecast price is $3.14, and the token could potentially reach a minimum price of $3.70. The maximum price that could be attained is $3.70.
BAT Price Prediction 2028
The BAT coin price prediction for 2028 is bullish as the prices are expected to make significant gains in the next few years. The average trading price for 2028 is $4.39, and the digital asset could reach a minimum price of $3.02 and a maximum trading price of $3.70.
BAT Price Prediction 2029
The BAT Token is expected to continue its upward trend in the next few years and could potentially reach an average price of $6.44 by 2029. The basic Attention token’s price could be a minimum trading price of $6.44 and a maximum price of $7.33.
BAT Price Prediction 2030
Basic Attention Token is anticipated to attain a maximum price value of $10.52 and an average price of $9.27 by the end of 2030. The digital asset could potentially reach a minimum trading value of $8.94.
BAT Price Prediction 2031
In 2031, mass crypto adoptions might occur, and this will result in a significant increase in BAT’s prices Basic Attention Token. The average price forecast is $13.59, and the token could potentially reach a minimum price value of $13.13 by the end of 2031. The maximum possible price that could be attained is $15.83.
Basic Attention Token Price Prediction by Market Experts
Predicting cryptocurrencies can be a tricky business as the slightest change in the market can have a significant impact on prices. Despite this, many experts have given their Basic Attention Token price predictions for the next few years.
Popular industry influencers endorse the project. According to the BitBoy Crypto channel, which boasts 1.44 million Youtube subscribers, “BAT is one of the most promising altcoins with a ton of upside potential.” He also stated that he thinks the token could reach $1 by the end of 2022.
Basic Attention Token has a lot of potential as it solves a real problem in the digital advertising industry plagued by fraud and privacy concerns. The token is also backed by a strong team with a lot of experience in the crypto market.
Amongst the myriad of cryptocurrencies, Basic Attention Token (BAT) is one that particularly stands out. This is because the token is solving a real problem in the digital advertising industry which is plagued by fraud and privacy concerns.
According to the BAT whitepaper: “Digital advertising is broken. The marketplace for online advertising, once dominated by advertisers, publishers, and users, has become overrun by ‘middleman’ ad exchanges, audience segmentation, complicated behavioral and cross-device user tracking, and opaque cross-party sharing through data management platforms.”
These intermediaries not only take a large share of the revenue but also collect and sell user data without the consent of the users. This results in a loss of privacy for the users and a generally bad experience.
The BAT solution is to create a decentralized, transparent digital advertising platform on the Ethereum blockchain that cuts out the middleman and allows direct interaction between advertisers, publishers, and users. Users will be rewarded with free Basic Attention Tokens for viewing ads which they can then use to tip their favorite content creators or redeem for premium content.
The long-term Basic Attention Token price predictions seem very optimistic as the prices are expected to surge in the next few years. However, it is not certain that BAT will be able to achieve mainstream adoption as it faces stiff competition from other digital advertising platforms such as Google and Facebook. Nevertheless, if the team is able to execute its vision successfully, then the Basic Attention Token could potentially revolutionize the digital advertising industry.
The above projections are based on analysis and price history. Investors are advised to do their own research and due diligence before investing in cryptocurrencies. This is not investment advice.