March 31, 2020: Basic Attention Token (BAT): Down 0.43%

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Basic Attention Token Price Update

Basic Attention Token is down by approximately 0.43% from the previous day, with its price currently hovering around $0.1392 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 4.93% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 7 of the past 14 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 7 of the previous 14 days.

In terms of an expected trading range, the Bollinger bands on Basic Attention Token suggest price may bounce between $0.113611 and $0.151709 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.

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 $202 million.

Update on Transactions and Holders

Yesterday saw 2,128 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 568. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 671 wallets making a transfer this past day and 19,225 wallets having made a transfer in the past month.

Just How Rich are Basic Attention Token’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 Basic Attention Token wallets hold over 91.99% 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 3.86% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.1% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.12%. The underlying smart contract itself for Basic Attention Token owns 0.02% of the total money supply; over the past week, this amount has not changed.

What’s Going on Social Media?

In terms of social media presence, Basic Attention Token saw its Reddit subscribers go up by 21 over the past 24 hours. If you are interested in following Basic Attention Token on social media, Twitter, where it has 113,764 following it, may be a good place to start. Use this link to follow Basic Attention Token on Twitter.

Article by SixJupiter

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