April 12, 2020: Basic Attention Token (BAT): Down 0.31%

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How Did Basic Attention Token’s Price Fare Yesterday?

Basic Attention Token’s current price, at the time of this writing, is $0.1622 USD, down by approximately 0.31% from the day prior. 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 7.42% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 11 of the past 14 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 11 of the previous 14 days.

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 $0.129605 and $0.172385, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

As for Basic Attention Token’s market cap, it is currently at about $237M US dollars.

Update on Transactions and Holders

Over the past 24 hours, 2,708 transfers have been added to the blockchain recording transactions amongst holders of Basic Attention Token. Regarding a tally of holders, Yesterday saw Basic Attention Token’s wallet count fall by 122. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 1,294 wallets making a transfer this past day and 19,211 wallets having made a transfer in the past month.

How are the Strong Holders of Basic Attention Token Faring?

As for wealth distribution, the richest 1,000 wallets currently own 90.84% of the money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 3.83% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.15%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.01%. 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.

The Latest on Basic Attention Token and Social Media

In the past day, Basic Attention Token’s Reddit subscribers went up by 48, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Basic Attention Token on Twitter.

Article by SixJupiter

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