April 28, 2020: Basic Attention Token (BAT): Down 1.49%; 2nd Consecutive Down Day


How Did Basic Attention Token’s Price Fare Yesterday?

Basic Attention Token’s current price, at the time of this writing, is $0.1787 USD, down by approximately 1.49% from the day prior. This marked the the 2nd day in a row Basic Attention Token has been down; it is still in an uptrend, and is currently 6.46% 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 3 of the previous 5 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 3 of the previous 5 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 $0.148456 and $0.187264, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $260 million US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 1,869 transfers have been added to the blockchain recording transactions 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 389. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 707 wallets making a transaction yesterday, while 18,762 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.

Observing Basic Attention Token’s Richest Wallets

As for wealth distribution, the richest 1,000 wallets currently own 90.47% of the money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 3.29% 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 -0.19% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.28%. 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 the past day, Basic Attention Token’s Twitter followers and Reddit subscribers went up by 129 and 88, respectively. Traders interested in following Basic Attention Token has the biggest presence on Twitter, where it has 115,686 users engaged. Here is the Twitter page for Basic Attention Token.

Article by SixJupiter

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