Basic Attention (BAT) Price Rises After Brave Rewards Release for Android
The price of BAT is reawakening, expecting a spike in activity and a return to higher valuations.
Basic Attention (BAT) saw its market price reawaken for another rally to go above $0.30 after the launch of Brave Rewards for Android. BAT built upon previous rallies, reaching a three-month peak and even repeating and breaking the peak against Bitcoin (BTC) from January 2018. The project continues to extend its activity to ensure rewards and an ad-free experience for its users.
https://twitter.com/neilscudder/status/1118219076084441088
The BAT rally received an additional boost from the news of being added into the Crypto.com ecosystem.
https://twitter.com/cryptocom/status/1118409712603516929
The Crypto.com app allows for storage, sending and receiving BAT, as well as trading.
BAT traded at $0.32 as of 6:50 UTC on Wednesday, on volumes above $48 million in the past 24 hours. BAT has been extremely active in the past month, suggesting a return to previous peak levels near $1.
BAT is one of the most prominent Ethereum-based tokens, featured on Coinbase and most major exchanges. This grants the asset additional visibility and may boost the rally in the coming days.
The recent trading activity receives its boost from Binance trading, where more than 51% of BAT trades are against Tether (USDT). Now, with BTC prices once again stable well above $5,000, BAT is also inching up in Satoshi terms, holding above 6,300 Satoshi, levels not seen since early 2018.
The behavior of BAT is seen as an indicator that the digital asset market is coming out of the long period of bearish attitudes. Traders see an indication of a breakout based on current performance and market volatility.
https://twitter.com/MartyTalk/status/1118202539302772736
However, the rallies on Binance remain risky. Recently, the exchange saw a pattern of Binance-listed assets that performed in unison, usually rising faster than coins and tokens on other exchanges. BAT still has a relatively large BTC component and speculation may raise its dollar-denominated price.
Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.