January 16, 2020: Basic Attention Token (BAT): Down 2.14%

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Basic Attention Token Price Update

Basic Attention Token is down by approximately 2.14% from the previous day, with its price currently hovering around $0.2151 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 12.76% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.168737 and $0.212773, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.

Get your analysis of Basic Attention Token (BAT) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.

The market capitalization of Basic Attention Token, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $312 million.

Straight Off the Chain

Yesterday saw 4,274 transfers amongst holders of Basic Attention Token. 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 506. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Basic Attention Token ranked 11 out of the 29 Ethereum tokens we’re tracking.

How are the Strong Holders of Basic Attention Token Faring?

Of the coin’s total money supply, the richest 1,0000 wallets currently own 88.9%. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 4.65% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.04%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.48%. Basic Attention Token’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.

Technical Development Status

In terms of how active the software development team working on Basic Attention Token is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on January 13, 2020, or approximately 3 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Basic Attention Token are growing by 0.5 and 0.07, respectively, over the past 30 days.

Basic Attention Token’s Social Media Presence

In terms of social media presence, Basic Attention Token saw its Twitter followers and Reddit subscribers go up by 43 and 21 over the past 24 hours. Traders interested in following Basic Attention Token has the biggest presence on Twitter, where it has 109,882 users engaged. Here is the Twitter page for Basic Attention Token.

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

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