April 9, 2020: Basic Attention Token (BAT): Up 5.29%; 2nd Consecutive Up Day

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How Did Basic Attention Token’s Price Fare Yesterday?

Basic Attention Token’s current price, at the time of this writing, is $0.1752 USD, up by approximately 5.29% from the day prior. Basic Attention Token enters the day 19.51% above its 20 day moving average, and is experiencing its the 2nd consecutive day up. To help contextualize yesterday’s price move, we can observe that price has rallied 9 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 583.96% 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 $0.121844 and $0.171356, 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 $256M US dollars.

Daily Engagement Metrics Update

9,175 transactions amongst holders of Basic Attention Token occurred yesterday. 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 1158. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.08, with 1,572 wallets making a transfer this past day and 18,640 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 90.91% 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 3.95% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.24%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.13%. 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.

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 227 and 142, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Basic Attention Token on Twitter here.

Article by SixJupiter

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