April 13, 2020: Basic Attention Token (BAT): Down 3.66%; 2nd Straight Down Day


Basic Attention Token: What’s the Latest Regarding its Price?

Basic Attention Token is down by approximately 3.66% from the previous day, with its price currently hovering around $0.1552 USD. This marked the the 2nd consecutive day Basic Attention Token has been down; it is still in an uptrend, and is currently 2.75% 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 2 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 219.31% greater 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 $0.13139 and $0.1707, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

The market capitalization of Basic Attention Token, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $226 million.

Daily Engagement Metrics Update

Over the past 24 hours, 1,785 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 rise by 339. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 609 wallets making a transaction yesterday, while 18,765 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.

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

And in regards to wealth distribution, note that the top 1,000 Basic Attention Token wallets hold over 90.82% of the token’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 3.78% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.16%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.07%. 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?

In the past day, Basic Attention Token’s Twitter followers and Reddit subscribers went up by 117 and 42, respectively. If you are interested in following Basic Attention Token on social media, Twitter, where it has 115,037 following it, may be a good place to start. Here is the Twitter page for Basic Attention Token.

Article by SixJupiter

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