Basic Attention Token (BAT) is having another field day, with a sudden appreciation, adding as much as $0.10 within minutes following a listing on Upbit. The listing coincides with the addition of AdToken (ADT) and AdEx (ADX), which also appreciated significantly.
The dramatic price moves saw BAT jump from $0.32 to $0.42 in less than half an hour on Monday morning (UTC) on a sudden increase in buying. Then it dropped to $0.37, and jumped again above $0.40, and then fell again to trade around $0.37 during the past hour.
Basic Attention Token is a blockchain-based digital advertising project aiming at a wider adoption of distributed ledger technologies, as well as a broader adoption of crypto assets and tokenization. BAT has a vast potential user base, and some believe its price may easily reach $2-$3 with wider adoption. But this is a long-term proposition, and BAT has not climbed above its peak of nearly $0.90, reached at the beginning of January.
Some see this asset as under-priced, potentially returning to its previous peak prices. BAT is also one of the digital assets selected by Coinbase for further explorations regarding a potential listing, though with no guarantees. Along with Stellar (XLM) and Cardano (ADA), BAT has had a strong week, but the new dramatic move is not directly related to Coinbase.
The Basic Attention project has recently increased its publicity by writing to all European Union member states on the issues of online confidentiality. Additionally, the project has been making the rounds on conferences, presenting at the Distributed2018 event over the weekend:
The BAT digital asset has its most active market against Bitcoin (BTC), and the recent spike shows a significant appreciation up to 5,477 Satoshi, a level not seen since May. Upbit trading is even more active, leading the coin to the equivalent of $0.41.
The BAT token is available through the Shapeshift service, and can be held in the Exodus wallet - another factor making it popular. Despite the increased activity, the Shapeshift service has not deactivated the token.