Price Action
In the week prior, the price for Basic Attention Token went up by 2.07%. It is above its 20 day moving average by 1.13%, so it’s fairly close. 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. Now when considering volatility, Basic Attention Token is more prone to sizable price moves than 9% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect Basic Attention Token to bounce between 0.3115751 and $0.3622349 US dollars per coin.
Where to trade Basic Attention Token (symbol: BAT): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for Basic Attention Token has ranged between 3,466,685 and 21,618,662 currency units. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. Basic Attention Token experienced a turnover rate of about 1.06% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 35.71% of the coins we’re tracking, so it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
Over the past week, Basic Attention Token saw its holders go from 151,237 to 156,171, an increase of 3.26%. And in regards to cumulative transactions logged on the blockchain, they went from 1,068,982 to 1,088,850, which amounts to a change of 1.86%. Basic Attention Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 5.12% which puts it ahead of 79.41% of the coins in our index. This could indicate that the coin’s engagement is growing at an above average rate.
Technology Development Status
Basic Attention Token currently has 30 public repositories on GitHub, with the oldest one now 2.68 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. Basic Attention Token’s repos that are visible to the public collectively have 242 watchers — that’s more than approximately 50 % of coins in its index. The coin has 112 issues reported across its public repositories. Relative to the number of watchers it has, though, 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 12 % 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.
Article by SixJupiter
