May 7, 2020: Basic Attention Token (BAT): Up 2.01%

.

Basic Attention Token: What’s the Latest Regarding its Price?

At the time of this writing, Basic Attention Token has a price of $0.183 USD, which puts it up by approximately 2.01% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 2.5% 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 8 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 272.79% greater 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 $0.16967 and $0.18741 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 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 $266 million.

Daily Engagement Metrics Update

7,297 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 increase by 2131. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 1,356 wallets making a transaction yesterday, while 20,340 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.07.

Observing Basic Attention Token’s Richest Wallets

As for wealth distribution, the richest 1,000 wallets currently own 90.44% 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 3.44% 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 -0.04% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.12%. 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?

If you are interested in following Basic Attention Token on social media, Twitter, where it has 116,348 following it, may be a good place to start. Use this link to follow Basic Attention Token on Twitter.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!