April 26, 2020: Basic Attention Token (BAT): Up 0.55%; 6th Straight Up Day

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How Did Basic Attention Token’s Price Fare Yesterday?

Basic Attention Token is up by approximately 0.55% from the previous day, with its price currently hovering around $0.1835 USD. This marked the the 6th straight day Basic Attention Token has been up; it is still in an uptrend, and is currently 10.44% 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 21 of the previous 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 289.3% 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 $0.148547 and $0.183763, 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 currency’s market cap currently stands at $268 million US dollars.

Update on Transactions and Holders

Yesterday saw 2,891 transfers amongst holders of Basic Attention Token. 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 343. In terms of recurring usage, we can note that 18,477 wallets have sent or received coins in the past month, while 847 have in the past day.

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

As for wealth distribution, the richest 1,000 wallets currently own 90.5% of the 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 3.36% of the currency’s total money supply. Exchange ownership grew by -0.24% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.26% over that time period. Basic Attention Token’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.

Basic Attention Token’s Social Media Presence

In terms of social media presence, Basic Attention Token saw its Twitter followers and Reddit subscribers go up by 164 and 101 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Basic Attention Token.

Article by SixJupiter

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