May 5, 2020: Basic Attention Token (BAT): Up 0.16%

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Basic Attention Token Price Update

Basic Attention Token’s current price, at the time of this writing, is $0.187 USD, up by approximately 0.16% from the day prior. The up day for Basic Attention Token yesterday was a reversal from the day before it, which puts its price at 5.63% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 3 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 187.59% 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 $0.160796 and $0.193274. 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 $274 million.

Update on Transactions and Holders

Over the past 24 hours, 2,476 transfers have been added to the blockchain recording transactions amongst holders of Basic Attention Token. As for the number of holders, yesterday saw the number of wallets holding Basic Attention Token increase by 275. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 728 wallets making a transaction yesterday, while 20,385 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.

Observing Basic Attention Token’s Richest Wallets

And in regards to wealth distribution, note that the top 1,000 Basic Attention Token wallets hold over 90.48% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.32% 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 0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.03%. 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?

If you are interested in following Basic Attention Token on social media, Twitter, where it has 116,128 following it, may be a good place to start. Use this link to follow Basic Attention Token on Twitter.

Article by SixJupiter

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