Basic Attention Token (BAT) July 15, 2019 Weekly Summary: Price Down 22.21%

May 11, 2020: Basic Attention Token (bat): Down 3.78%; 3rd Straight Down Day
May 11, 2020: Basic Attention Token (bat): Down 3.78%; 3rd Straight Down Day
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Price Action

Over the past week, Basic Attention Token saw its price go down by -22.21%. It is below its 20 day moving average by 22.27%, so it’s somewhat away. Basic Attention Token’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Basic Attention Token is more volatile than roughly 27% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Basic Attention Token in US dollars is expected to be between $0.2559924 and $0.3396576.

Where to trade Basic Attention Token (symbol: BAT): Gate, Yobit, Binance, DDEX, Ethfinex
January 21, 2020: Basic Attention Token (bat): Down 0.85%

Volume Update

Over the past week, Basic Attention Token saw its daily volume range between 323,436.7 and 32,903,174 units of its own currency. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Basic Attention Token’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.29%. Its turnover rate is more than approximately 48.04% of the cryptocurrencies in our index, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.

Engagement Update

Over the past week, Basic Attention Token saw its holders go from 165,649 to 170,915, an increase of 3.18%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 1,143,231 to 1,170,028, which translates to growth of 2.34% for the week. This translates to a combined engagement growth rate of 5.52% for Basic Attention Token — which is higher than 88.78% of the cryptocurrencies we’re reporting on. This could indicate that the coin may be on track to getting and sustaining actual usage.

Technology Development Status

At the moment, Basic Attention Token has 30 repositories open to the public on GitHub, with the oldest one now being 2.76 years young. The last recorded update to its public repositories was within the past week which is not bad, as the coin is still being updated routinely. Basic Attention Token’s public repos now have 244 which is about average compared to other similar coins; that’s more than approximately 44 % of coins in its index. The coin has 115 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against its open issues count, is quite poor, and may potentially indicate some concern that the software is at risk of not being updated fast enough. Our hypothesis that the open issue/watcher ratio may be of some value in assessing the healthiness of a coin’s software development process, and for Basic Attention Token, this ratio was better than a mere 7 % of the similar coins we track in our index.

Where to Buy

You can trade Basic Attention Token, listed under the symbol BAT, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex. January 21, 2020: Basic Attention Token (bat): Down 0.85%

Article by SixJupiter