March 27, 2020: Basic Attention Token (BAT): Down 3.07%

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Basic Attention Token: What’s the Latest Regarding its Price?

Basic Attention Token’s current price, at the time of this writing, is $0.1483 USD, down by approximately 3.07% from the day prior. 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 2.09% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 3 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 258.29% greater than its 7 day average volume.

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 $0.117993 and $0.172527. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

As for Basic Attention Token’s market cap, it is currently at about $215M US dollars.

Daily Engagement Metrics Update

Yesterday saw NA transfers amongst holders of Basic Attention Token. As for the number of holders, yesterday saw the number of wallets holding Basic Attention Token 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 0.04, with 716 wallets making a transfer this past day and 20,372 wallets having made a transfer in the past month.

How are the Strong Holders of Basic Attention Token Faring?

And in regards to wealth distribution, note that the top 1,000 Basic Attention Token wallets hold over 92.06% of the token’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 4.02% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.03%. 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.

The Latest on Basic Attention Token and Social Media

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 466 and 39 over the past day for Basic Attention Token. If you are interested in following Basic Attention Token on social media, Twitter, where it has 113,315 following it, may be a good place to start. Here is the Twitter page for Basic Attention Token.

Article by SixJupiter

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