March 25, 2020: Basic Attention Token (BAT): Up 4.96%; Price Crosses 20 Day Average; 3rd Straight Up Day

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Basic Attention Token Price Update

Basic Attention Token is up by approximately 4.96% from the previous day, with its price currently hovering around $0.1607 USD. This marked the the 3rd consecutive day Basic Attention Token has been up; it is still in a unclear trend, and is currently 4.17% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 7 of the previous 10 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 7 of the previous 10 days.

As for Basic Attention Token’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.125807 and $0.182723. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $232 million US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Basic Attention Token. Regarding a tally of holders, Yesterday saw Basic Attention Token’s wallet count NA by NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 1,023 wallets making a transfer this past day and 20,184 wallets having made a transfer in the past month.

Observing Basic Attention Token’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 92.06% of the coin’s total money supply. 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 4.08% 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 -0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.07%. As for the Basic Attention Token’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.

The Latest on Basic Attention Token and Social Media

In terms of social media presence, Basic Attention Token saw its Twitter followers and Reddit subscribers go up by 323 and 45 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Basic Attention Token.

Article by SixJupiter

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