April 22, 2020: Basic Attention Token (BAT): Up 2.84%; Price Crosses 20 Day Average; 2nd Consecutive Up Day

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Basic Attention Token Price Update

At the time of this writing, Basic Attention Token has a price of $0.1627 USD, which puts it up by approximately 2.84% from yesterday. Basic Attention Token is currently in a unclear , and it should be noted that this is now the the 2nd straight day that price has been up. Moreover, Basic Attention Token is now 1.34% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 348.37% greater than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Basic Attention Token suggest price may bounce between $0.150745 and $0.170355 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.

The currency’s market cap currently stands at $237 million US dollars.

Daily Engagement Metrics Update

Yesterday saw 2,153 transfers amongst holders of Basic Attention Token. As for the number of holders, yesterday saw the number of wallets holding Basic Attention Token increase by 294. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 515 wallets making a transaction yesterday, while 17,993 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 90.71% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.63% of the currency’s money supply. Exchange ownership grew by -0.13% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.1% over that time period. As for the Basic Attention Token’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.

Basic Attention Token’s Social Media Presence

Traders interested in following Basic Attention Token has the biggest presence on Twitter, where it has 115,356 users engaged. Use this link to follow Basic Attention Token on Twitter.

Article by SixJupiter

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