May 2, 2020: Basic Attention Token (BAT): Up 1.28%; 2nd Straight Up 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 $0.19 USD, up by approximately 1.28% from the day prior. This marked the the 2nd consecutive day Basic Attention Token has been up; it is still in an uptrend, and is currently 9.86% 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 4 of the past 5 days. Another data point we may find worthy of observation is that price for Basic Attention Token has increased 4 of the previous 5 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 $0.148955 and $0.196925, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

As for Basic Attention Token’s market cap, it is currently at about $277M US dollars.

Daily Engagement Metrics Update

2,063 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 rise by 301. In terms of recurring usage, we can note that 20,020 wallets have sent or received coins in the past month, while 737 have in the past day.

How are the Strong Holders of Basic Attention Token Faring?

In terms of wealth concentration, the richest 1,000 wallets own 90.53% 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 3.35% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.11%. 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 the past day, Basic Attention Token’s Twitter followers and Reddit subscribers went up by 76 and 37, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Basic Attention Token on Twitter here.

Article by SixJupiter

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