May 10, 2020: Basic Attention Token (BAT): Down 5.96%; 2nd Consecutive Down Day

.

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

Basic Attention Token’s current price, at the time of this writing, is $0.205 USD, down by approximately 5.96% from the day prior. Basic Attention Token enters the day 9.86% above its 20 day moving average, but is experiencing its the 2nd day in a row down. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 4 of the previous 10 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 4 of the previous 10 days.

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 $0.157154 and $0.216056, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $298 million US dollars.

Straight Off the Chain

Over the past 24 hours, 9,151 transfers have been added to the blockchain recording transactions 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 1482. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 2,298 wallets making a transaction yesterday, while 22,137 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.1.

How are the Strong Holders of Basic Attention Token Faring?

As for wealth distribution, the richest 1,000 wallets currently own 90.98% of the 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 4.22% 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 0.46%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.86%. 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 177 and 82 over the past 24 hours. Traders interested in following Basic Attention Token has the biggest presence on Twitter, where it has 116,721 users engaged. You can follow Basic Attention Token on Twitter here.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!