Price Action
Over the past week, Basic Attention Token saw its price go up by 2.53%. It is above its 20 day moving average by 1.15%, which is quite 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 31% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect Basic Attention Token to bounce between 0.3031065 and $0.4184235 US dollars per coin.
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 403,764.5 and 9,021,571. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw Basic Attention Token’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.15%. Its trading turnover percentage is higher than about 10.31% of the coins we’re tracking, so it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.
Engagement Update
Basic Attention Token saw the number of wallets holding its coin go from 132,847 to 138,018 over the past week — a change of 3.89%. As for overall transactions, they increased from 955,720 to 990,465 — an increase of 3.64%. Basic Attention Token’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 7.53% which puts it ahead of 77.14% 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 2.61 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Basic Attention Token’s public repositories collectively have a total of 223 watchers, which is below average relative to its peers; that’s more than only 34 % of the 100 similar coins in our index. The coin has 106 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison 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 8 % 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
