Basic Attention Token (BAT) Price Prediction: Bulls or Bears To $1?

Advertising has by all means taken over the internet. Ads on browsers, web pages are not new. But are they safe? Advertisements on your browse pages can come with trackers interfering with a safe and secure browsing activity. That’s why the Brave Browser came to rescue safe surfing. But How effective is it?

The Brave browser and its Attention value system envision a safe internet experience for their users helping content creators and advertisers at the same end. Ever imagined an ad-free internet experience alongside every extension you use now? It’s now possible with Brave, a blockchain-based browser. Moreover, what about some rewards for viewing ads?

Yes. Users who would like to view ads can enable them and earn rewards for the same. Remember that these ads are again safe and not malicious. The network pays the users via BAT, its native utility token. Basic Attention Token reached its highest peak in 2021 leaving behind all the previous predictions. It has been showing extreme rising tendencies and hence similar market sentiments are also framed in the current time frame.

With the huge growing adoption, the platform is attracting many new strong hands and hence retail traders have also jumped in. Therefore, if you think about investing in BAT but unsure of where the token will go, here is everything about Brave and its token, the latest buzz, updates and a long term BAT price prediction.

We have covered the history of the token with a complete technical analysis since its inception. Also, the future price movements can assist you to get a decent picture of the upcoming price rally.

Overview

Cryptocurrency	Basic Attention Token
Token	BAT
Price	$0.6171
Market capitalization	$924,896,493.75
All Time High	$1.65   Apr 09, 2021
All Time Low	$0.06621  Jul 16, 2017
Circulating supply	1,497,640,550 BAT
Total Supply	1,500,000,000 BAT
Average ROI	267.4%

What is Basic Attention Token (BAT)?

BAT is the native token of Brave web browser which is built on the Ethereum blockchain. Created by co-founder of Mozilla & Firefox, Brendan Eich, in 2017 it is a blockchain-based system built to attract the media consumer’s attention using Brave web browser.

The token is in use for mediating payments between advertisers and content creators who lend space on their webpage for the ads. Also, to users who view the ads. Thus, Brave acts as a blockchain-based advertising platform powered by the BAT token.

Built on Ethereum, BAT is an ERC-20 token and allows the creation and transfer of smart contracts for irreversible payments happening over the network. It works on a PoW consensus like most cryptocurrencies now. Also, you can mine these tokens. Currently, the token is capped at a total supply of 1.5 billion.

The network’s first ICO was held in 2017, and it set off to be the most popular sale that happened. The coin offering climaxed with a sale of nearly One billion BAT tokens to investors across the world. The remaining 500 million tokens were locked for User growth and development in pools. However, as 2020 ended, these reserves turned nil.

The BAT can be used as a means of exchange between users, advertisers, publishers, etc, which is specialized to obtain several other advertising services. The main objective of this blockchain system is to provide the users with a platform with fewer ads according to their interest by maintaining their privacy. Also, it improves cost efficiency to advertisers and gets rid of intermediates, keeping every ad popping on the browser safe and transparent.

If you are interested in buying and starting trading Basic Attention tokens outside the network, look out for exchanges that list the tokens. According to Coinmarketcap some of the most popular exchanges are Binance, Clinbase Pro and Huobi Global.

Fundamental Analysis

With conventional internet experience, moving to a website to read an article or blog, the server takes some time to fetch the data. However, if ads have collaborated, then they must be fetched too! This will eat up an extra amount of data.

The key problem with advertisements is that some of them can be malicious and no one will know about it! It paves way for hackers and creates a passage for extracting every personal and sensitive data you enter! Brave can solve even that and acts as a decentralized advertising platform.

The Brave browser works very much similar to that of Google chrome but vigorously blocks ads from appearing on the web pages. However, profiting the users, publishers and advertisers, ads can be enabled anytime. That is, a product based company needs to pay the browser in the form of BAT via smart contracts, which will, in turn, be distributed to the publisher who posts these ads on their webspace. 

End users will also get a part of the tokens as incentives for viewing the ads. As a user, you will be paid based on how long you view the ads. Collecting these tokens on your Brave rewards wallet. The network also facilitates the usage of the Basic Attention Tokens outside the network by simply transferring them to an external wallet.

Many may wonder about the need for a cryptocurrency to power the network when the user or publisher can just be paid in any fiat currency. But it is here that the network eyes on improving privacy and transparency. Transactions and payments within the network using BAT do not record your identity nor reveal it! A high-scale decentralization internet journey!

After a successful launch in 2017, the network partnered and collaborated with multiple networks and platforms. One notable partnership was with the TAP Network, a leading data network and advertising platform which has a stablecoin called TAP coin. Other remarkable collaborations include those with Dow Jones Media, Quant and Cheddar.

The project is evolving in all possible dimensions and looks forward to implementing easy micropayments for goods using BAT. Recently, the network officially announced an on-board Privacy-preserving News recommendation on its Browser! With this, ‘Users can subscribe for their favourite news outlet and stay updated with all the news they want at a single place, said the network.

BAT Price Prediction 2021

 The BAT price commenced this year with a $0.2 mark and surged significantly towards progress and hit $0.3 by the end of January. On 18 March, the price soared to $1.23. But no sooner did it reach the new juncture, the market crashed on 19 of May when the price dipped to $1.09. Further, the token became highly volatile and dropped from the $1 mark.

As decentralization in gaming is gaining popularity, if BAT successfully sticks to its promise of incorporating rewards in gaming apps, then it can easily draw new users. If this happens in the coming months, then the BAT price can fall back to $1.127 by the year’s end

Though BAT offers a unique and decentralized dimension, it has to thrive under thick competition with Digital monsters like Google and Facebook. If the network fails to give a head-on, then it might fail miserably leading to a price drop. In such a case, the Basic Attention token price may drop to $0.396. On the flip side, if Brave manages to gain a substantial position amidst competition in the market, it may trade at $0.774, on average.

Also read: Solana Price Prediction, Price boom to hit with a $100?

BAT Price Prediction 2022

 If this year closes with bulls rallying, then 2022 may commence with a price of $1.204. On the other hand, if BAT hits the minimum as the year ends, then the next year’s trade may resume bearishly at $0.80.

 The network believes to extend Brave beyond its browser and collaborate with leading third-party browsers. On this note, momentum may be induced causing the BAT price to hit a high of $1.891 by the end of 2022.

In the urge of gaining rewards, users not interested in the ads might view them, thus not yielding potential customers for the advertisers. The adoption of Brave is still controversial and if the network fails to improve this within a year, the price might fall to $ 1.118.

However, with regular buying and selling pressures, we can see BAT trading at $1.253 by the end of next year.

 5 Years BAT Price Prediction

The network has already collaborated with leading platforms like Townsquare, Dow Jones and many more. We can expect better outcomes from BAT as they are planning for further partnerships. If the network successfully introduces updates like posting comments and unlocking premium content, then the Basic Attention Token price may blow $3.017.

On the other hand, if the network falls prey to current critical debates on Mining and PoW consensus, the market may crash. In such a scenario the BAT price may wipe down to $2.188 by the end of the next five years. But if BAT successfully keeps up the privacy algorithm on the Brave browser, BAT shall trade at $2.669.

Also Read: Theta Price Prediction, Will THETA Hit $50 By 2021?

What Does the Market Say?

Ripplecoinnews

According to Ripple coin news the platform needs to continue the innovation to develop a broader BAT-led digital economy. The BAT price may skyrocket steadily through out 2021 to 2025 and surpass $10 by the end of 2025.

Digital Coin Price

According to Digital Coin price, the price may reach $0.9285 by the end of 2021 and breakout $1.32 by the end of 2023. In 2025, the price may experience a steady rise and surpass $1.87.

Gov.Capital

According to Gov.Capital, the price would manifest a steady uptrend. The price could grow and trend below $1 by the end of 2021. The price may range between $1 and $1.4 throughout the year 2023 and 2024. However, according to the platform, the price may surpass $2.63 with an extreme bullish rally by the end of 2025.

EXPERT’S CORNER | What Experts Say About BAT?

Know Our Price Prediction

Considering the previous price movements and the current price trend in 2021, the price is expected to rally steadily. According to Coinpedia’s formulated BAT price prediction, as privacy is at stake in the current systems, Brave may see incredible traction. Moreover, with improved transparency and incentives. On this note, BAT price may surge slowly back to $1.120 as the year ends. In contrast, Ethereum’s scalability issues might impact the growth of BAT, which is an ERC-20 token causing the price to slump at $0.390.

Year	Potential High	Potential Low
2021	$1.127	$0.396
2022	$1.891	$ 1.118
2025	$3.017	$2.188

Also read: Cardano Price Prediction, Evolutions to make ADA mark at $5?

Historical Price Sentiments

2017

BAT intiated the trade in the mid of 2017 with a price around $0.16 and slashed within a month. However, it regain the previous levels and attained $0.2 in October and rallied high to attain $0.33 to mark the closing levels of the trade in 2017.

2018

The price started the trade with the price $0.42 which peaked to $0.88 within a week. However, the price dumped miserably close to $0.1 by April and trended within the same range in between $0.1 to $0.2 till the end of 2018.

2019

The BAT price maintained a more or less similar price trend through out the year with some minor fluctuations. The price reached the yearly highs at $0.45 in the mid- April and plunged back. However, the price closed the yearly trade below $0.2 at $0.18.

2020

The price began 2020 trade with less than $0.2 and trended within the same range until it reached $0.41 by mid of August. Neverthless, the price plunged back and by the end of December the price traded around $0.2 levels.

2021

The price initiated the fresh trade around $0.2 levels and surged high to reach $0.65 by the mid of February. However including pumps and dumps, the price successfully rallied above $1 by the mid of march. The price remained above the levels since then and hit ATH at $1.65 on April 09, 2021.

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