April 4, 2020: Basic Attention Token (BAT): Down 0.21%

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Basic Attention Token: What’s the Latest Regarding its Price?

Basic Attention Token’s current price, at the time of this writing, is $0.1453 USD, down by approximately 0.21% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 5.99% 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 17 of the past 30 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 17 of the previous 30 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 $0.121122 and $0.153058, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

As for Basic Attention Token’s market cap, it is currently at about $211M US dollars.

Update on Transactions and Holders

Over the past 24 hours, 1,531 transfers have been added to the blockchain recording transactions amongst holders of Basic Attention Token. Regarding a tally of holders, Yesterday saw Basic Attention Token’s wallet count rise by 287. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 662 wallets making a transfer this past day and 19,095 wallets having made a transfer in the past month.

How are the Strong Holders of Basic Attention Token Faring?

As for wealth distribution, the richest 1,000 wallets currently own 91.92% 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 3.89% of the currency’s total money supply. Exchange ownership grew by 0.02% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.09% 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 the past day, Basic Attention Token’s Twitter followers and Reddit subscribers went up by 336 and 45, respectively. 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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