April 1, 2020: Basic Attention Token (BAT): Down 2.59%

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Basic Attention Token Price Update

Basic Attention Token is down by approximately 2.59% from the previous day, with its price currently hovering around $0.139 USD. The down day for Basic Attention Token yesterday was a reversal from the day before it, which puts its price at 3.6% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 2 of the previous 5 days.

In terms of an expected trading range, the Bollinger bands on Basic Attention Token suggest price may bounce between $0.118118 and $0.150222 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.

The currency’s market cap currently stands at $200 million US dollars.

Daily Engagement Metrics Update

2,297 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 jump by 291. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 585 wallets making a transfer this past day and 19,294 wallets having made a transfer in the past month.

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

As for wealth distribution, the richest 1,000 wallets currently own 91.98% of the 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 3.86% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.22%. Basic Attention Token’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.

Basic Attention Token’s Social Media Presence

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 363 and 40 over the past day for Basic Attention Token. If you are interested in following Basic Attention Token on social media, Twitter, where it has 114,127 following it, may be a good place to start. You can follow Basic Attention Token on Twitter here.

Article by SixJupiter

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