April 16, 2020: Basic Attention Token (BAT): Up 5.79%

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How Did Basic Attention Token’s Price Fare Yesterday?

At the time of this writing, Basic Attention Token has a price of $0.1645 USD, which puts it up by approximately 5.79% 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 7.2% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 5 of the previous 10 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 5 of the previous 10 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 $0.137535 and $0.169365, 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.

The currency’s market cap currently stands at $240 million US dollars.

Straight Off the Chain

Over the past 24 hours, 1,775 transfers have been added to the blockchain recording transactions amongst holders of Basic Attention Token. As for the number of holders, yesterday saw the number of wallets holding Basic Attention Token jump by 362. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 665 wallets making a transfer this past day and 18,197 wallets having made a transfer in the past month.

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 90.78% 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 3.68% of the currency’s total money supply. Exchange ownership grew by -0.27% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.03% over that time period. 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 terms of social media presence, Basic Attention Token saw its Twitter followers and Reddit subscribers go up by 72 and 52 over the past 24 hours. If you are interested in following Basic Attention Token on social media, Twitter, where it has 115,190 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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