Price Action
In the week prior, the price for Basic Attention Token went down by -6.14%. It is below its 20 day moving average by 2.23%, so it’s fairly close. Basic Attention Token’s bullish momentum, if assessed by its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, Basic Attention Token is more prone to sizable price moves than 6% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect Basic Attention Token to experience a price range in US dollars between 0.315314 and $0.347696.
Where to trade Basic Attention Token (symbol: BAT): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, Basic Attention Token’s daily volume, in terms of its own unit of currency, has fluctuated between 1,905,087 and 53,665,811. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Over the past week, Basic Attention Token saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.66%. Its trading turnover percentage is higher than about 55% of the coins we’re tracking, 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
The number of wallets holding Basic Attention Token went from 155,625 to 160,755 in the past week, marking a change of 3.30%. And in regards to cumulative transactions logged on the blockchain, they went from 1,086,357 to 1,108,821, which amounts to a change of 2.07%. Basic Attention Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 5.37% which puts it ahead of 84.85% of the coins in our index. One interpretation of this may be 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 2.7 years young. Its last public update to any of its repositories was within the past week which is not bad, as the coin is still being updated routinely. Basic Attention Token’s public repositories collectively have a total of 243 watchers, which is below average relative to its peers; that’s more than only 39 % of the 100 similar coins in our 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 9 % of the similar coins we track in our index.
Basic Attention Token News and Commentary
We found 2 links over the past week about Basic Attention Token that we thought were especially worth sharing. Where available, we included a snippet of the article that we thought might be interesting.
Basic Attention Token — Crypto News – Cryptonomad.info
Basic Attention Token: AMA with Brave’s VP of Services and Operations
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
