May 3, 2020: Basic Attention Token (BAT): Up 0.31%; 3rd Consecutive Up Day

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How Did Basic Attention Token’s Price Fare Yesterday?

Basic Attention Token is up by approximately 0.31% from the previous day, with its price currently hovering around $0.1914 USD. This marked the the 3rd straight day Basic Attention Token has been up; it is still in an uptrend, and is currently 9.62% 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 11 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 235.76% 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 $0.150324 and $0.198886. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.

The currency’s market cap currently stands at $279 million US dollars.

Straight Off the Chain

Over the past 24 hours, 2,120 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 316. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 676 wallets making a transaction yesterday, while 20,061 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.

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

As for wealth distribution, the richest 1,000 wallets currently own 90.51% 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 3.36% 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 0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0%. 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.

Basic Attention Token’s Social Media Presence

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Basic Attention Token on Twitter.

Article by SixJupiter

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