May 8, 2020: Basic Attention Token (BAT): Up 2.05%; 2nd Consecutive Up Day

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

At the time of this writing, Basic Attention Token has a price of $0.1891 USD, which puts it up by approximately 2.05% from yesterday. Basic Attention Token enters the day 5.32% above its 20 day moving average, and is experiencing its the 2nd consecutive day up. From another vantage point, note that price has gone up 18 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 416.87% 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 $0.17194 and $0.18714, 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 $276M US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 6,374 transfers have been added to the blockchain recording transactions amongst holders of Basic Attention Token. Regarding a tally of holders, Yesterday saw Basic Attention Token’s wallet count increase by 1079. To understand loyalty or repeat usage amongst holders of Basic Attention Token, we can note that there were 1,676 wallets making a transaction yesterday, while 20,748 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.08.

Observing Basic Attention Token’s Richest Wallets

As for wealth distribution, the richest 1,000 wallets currently own 90.41% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.52% of the currency’s money supply. Exchange ownership grew by 0.18% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.1% over that time period. Basic Attention Token’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.

Basic Attention Token’s Social Media Presence

In terms of social media presence, Basic Attention Token saw its Twitter followers and Reddit subscribers go up by 157 and 180 over the past 24 hours. If you are interested in following Basic Attention Token on social media, Twitter, where it has 116,505 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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