April 10, 2020: Basic Attention Token (BAT): Down 6.05%

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Basic Attention Token Price Update

At the time of this writing, Basic Attention Token has a price of $0.1614 USD, which puts it down by approximately 6.05% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 9.29% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 8 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 8.58% less than its 7 day average volume.

Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Basic Attention Token imply the currency may oscillate between $0.123605 and $0.171765, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

As for Basic Attention Token’s market cap, it is currently at about $235M US dollars.

Update on Transactions and Holders

4,644 transactions amongst holders of Basic Attention Token occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Basic Attention Token has gone up by approximately 851. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 1,198 wallets making a transaction yesterday, while 18,716 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.

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

In terms of wealth concentration, the richest 1,000 wallets own 90.89% of the coin’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 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 -0.24% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.03%. 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.

What’s Going on Social Media?

Social media growth, in terms of Reddit subscribers, came in at up 40 over the past day for Basic Attention Token. 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.

Article by SixJupiter

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