May 4, 2020: Basic Attention Token (BAT): Down 4.85%; 2nd Straight Down Day

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Basic Attention Token Price Update

Basic Attention Token is down by approximately 4.85% from the previous day, with its price currently hovering around $0.1787 USD. Basic Attention Token enters the day 2.08% 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 19 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 298.23% greater than its 7 day average volume.

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 $0.154747 and $0.195373, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting 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 $262 million.

Straight Off the Chain

Yesterday saw 2,178 transfers amongst holders of Basic Attention Token. Regarding a tally of holders, Yesterday saw Basic Attention Token’s wallet count rise by 298. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 781 wallets making a transfer this past day and 20,198 wallets having made a transfer in the past month.

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

As for wealth distribution, the richest 1,000 wallets currently own 90.48% 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 3.27% 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 -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.02%. 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.

What’s Going on Social Media?

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 252 and 66 over the past day for Basic Attention Token. Traders interested in following Basic Attention Token has the biggest presence on Twitter, where it has 116,128 users engaged. Here is the Twitter page for Basic Attention Token.

Article by SixJupiter

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