April 18, 2020: Basic Attention Token (BAT): Up 0.72%; 3rd Straight Up Day

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How Did Basic Attention Token’s Price Fare Yesterday?

Basic Attention Token is up by approximately 0.72% from the previous day, with its price currently hovering around $0.1671 USD. This marked the the 3rd day in a row Basic Attention Token has been up; it is still in an uptrend, and is currently 6.65% 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 19 of the past 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 238.41% greater than its 7 day average volume.

As for Basic Attention Token’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.144686 and $0.168674. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.

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 $243 million.

Update on Transactions and Holders

2,097 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 374. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 637 wallets making a transaction yesterday, while 18,426 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?

As for wealth distribution, the richest 1,000 wallets currently own 90.8% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.63% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.03% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.3%. 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

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 81 and 33 over the past day for Basic Attention Token. If you are interested in following Basic Attention Token on social media, Twitter, where it has 115,271 following it, may be a good place to start. Use this link to follow Basic Attention Token on Twitter.

Article by SixJupiter

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