April 5, 2020: Basic Attention Token (BAT): Up 0.14%; 7th Consecutive Up Day

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Basic Attention Token Price Update

Basic Attention Token’s current price, at the time of this writing, is $0.1468 USD, up by approximately 0.14% from the day prior. Basic Attention Token is currently in a unclear , and it should be noted that this is now the the 7th day in a row that price has been up. Moreover, Basic Attention Token is now 5.68% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 7 of the past 10 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 7 of the previous 10 days.

In terms of an expected trading range, the Bollinger bands on Basic Attention Token suggest price may bounce between $0.126298 and $0.151522 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $212 million US dollars.

Update on Transactions and Holders

1,602 transactions amongst holders of Basic Attention Token occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Basic Attention Token jump by 225. 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 518 wallets making a transfer this past day and 18,912 wallets having made a transfer in the past month.

Observing Basic Attention Token’s Richest Wallets

As for wealth distribution, the richest 1,000 wallets currently own 91.9% 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 3.86% of the currency’s money supply. Exchange ownership grew by 0% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.1% 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

Social media growth, in terms of Reddit subscribers, came in at up 29 over the past day for Basic Attention Token. Traders interested in following Basic Attention Token has the biggest presence on Twitter, where it has 114,463 users engaged. You can follow Basic Attention Token on Twitter here.

Article by SixJupiter

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