May 11, 2020: Basic Attention Token (BAT): Down 3.78%; 3rd Straight Down Day

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How Did Basic Attention Token’s Price Fare Yesterday?

Basic Attention Token’s current price, at the time of this writing, is $0.1886 USD, down by approximately 3.78% from the day prior. Basic Attention Token enters the day 0.49% above its 20 day moving average, but is experiencing its the 3rd day in a row down. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 2 of the previous 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 77.53% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Basic Attention Token suggest price may bounce between $0.159569 and $0.215781 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 $276 million.

Straight Off the Chain

5,475 transactions amongst holders of Basic Attention Token occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Basic Attention Token jump by 1131. In terms of recurring usage, we can note that 22,400 wallets have sent or received coins in the past month, while 1,266 have in the past day.

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

As for wealth distribution, the richest 1,000 wallets currently own 90.97% of the 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 4.12% 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 0.49% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.85%. 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.

Basic Attention Token’s Social Media Presence

If you are interested in following Basic Attention Token on social media, Twitter, where it has 116,721 following it, may be a good place to start. You can follow Basic Attention Token on Twitter here.

Article by SixJupiter

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