Price Action
In the week prior, the price for Basic Attention Token went down by -7.43%. It is below its 20 day moving average by 3.5%, so it’s slightly away. Basic Attention Token’s bullish momentum, based on its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. Now when considering volatility, Basic Attention Token is more prone to sizable price moves than 18% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Basic Attention Token in US dollars is expected to be between $0.3296889 and $0.3960811.
Where to trade Basic Attention Token (symbol: BAT): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
Over the past week, Basic Attention Token saw its daily volume range between 3,456,405 and 41,154,988 units of its own currency. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Basic Attention Token’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.55%. Its trading turnover percentage is higher than about 41.05% of the coins we’re tracking, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Engagement Update
Over the past week, Basic Attention Token saw its holders go from 142,395 to 146,605, an increase of 2.96%. And in regards to cumulative transactions logged on the blockchain, they went from 0 to 1,046,929, which amounts to a change of Inf%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Basic Attention Token is thus at Inf% which, relatively speaking, is ahead of 100.00% of the cryptocurrencies we’re tracking. This growth rate suggests the coin may be on track to getting and sustaining actual usage.
Technology Development Status
Basic Attention Token currently has 30 public repositories on GitHub, with the oldest one now 2.64 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Basic Attention Token’s public repositories collectively have a total of 224 watchers, which is about average compared to other similar coins; that’s more than approximately 40 % of coins in its index. The coin has 109 total outstanding issues across all 30 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count is quite poor, and may potentially indicate some concern that the software is at risk of not being updated fast enough. Our hypothesis that the open issue/watcher ratio may be of some value in assessing the healthiness of a coin’s software development process, and for Basic Attention Token, this ratio was better than a mere 10 % of the similar coins we track in our index.
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
