2019-11-16 14:09 |
BAT Intro
The Basic Attention Token (BAT) utilizes the Ethereum blockchain and Brave, a specialized web browser, which hosts BAT as its native currency with access to a plethora of advertising services.
BATs are designed for exchange between users, advertisers and publishers allowing advertising companies to commoditize user attention.
The BAT team wants to launch digital advertising into the age of cryptocurrency to ameliorate perceived failures in status quo marketing practices and arm advertisers with improved demographic targeting and content delivery tools. BAT tracks how users interact with advertising content and stores that data in a distributed ledger intended to ensure consumers experience fewer irrelevant advertisements.
Year in ReviewOne of the largest events for BAT in 2018 was its Coinbase listing.
The BAT Coinbase listing was not so much of a surprise for the community; BAT, an ERC20, was already a usable asset on Coinbase’s Toshi Wallet. The project has not had any run-ins with regulators – not even with the SEC – and has seen a marked increased in users, from 1m in December to 3m by the middle of July to 5+ million of Brave MAU by the end of the year.
They also implemented a donation flow fee revenue, smaller but scaled as far as possible via incentives to users who get BAT revenue from ads and want to give back to their pinned and top sites. A major work has been done to move from Brave Ledger confirmation and revenue flows to entirely decentralized on Ethereum flows using a state channel with ZKP for anonymity.
Read our comparison of Brave vs Firefox.
BAT team also works on integration into other apps based on open source & specs for greater ad buying leverage and publisher onboarding.
The BAT roadmap is very detailed and transparent. The team constantly works on updating it, regularly informs the community about existing updates and works on the development of its product as can be seen from the activity on GitHub.
The first roadmap was published on March 23, 2017, which indicated the initial path of development of the project in general. The latest roadmap was published on GitHub, which covers all the important milestones of the project from December 2017 to the current moment.
Also, the team posted Brave Ads Roadmap, that plans to see user ads and publisher-integrated ads be implemented in 2019. That is, users, publishers, and the Brave browser will receive their share of the advertiser’s payment. The implementation of this feature can be the main catalyst for the subsequent development of the project.
Our Basic Attention Token (BAT) Price Forecast 2019
Overall, the price change of any altcoin token is explained by the dynamics of the bitcoin-influenced market. However, there are also fundamental reasons for the individual token rise and fall in price, which can be pinned down to a big tech upgrade or more often, big partnership.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will BAT be among those 5%?
BAT is a unique project built on the Ethereum blockchain that is tackling a big problem of one of the largest digital sectors – digital advertising. The project enhances the efficiency of digital advertising, blocking ads and trackers.
The team behind BAT is one of the strongest in the whole cryptocurrency industry with highly relevant experience. Additionally, the BAT ecosystem is very active, that is, the project has a wide network of users, publishers, advertisers, and partners.
The token economics of BAT are pretty sound and the roadmap is detailed and transparent.
BAT enjoys a first mover advantage in their niche and has substantial opportunities to dominate the advertising market given its competition from emerging blockchain projects. Moreover, BAT can also bite off a piece of the market from companies in the traditional industry.
However, not everything is milk and honey as there is a potential scalability problem, which can curtail the development of the project in the long-term.
BAT also remains highly susceptible to adverse market conditions; token price is moderately volatile.
All of this summed up means one thing: BAT might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.
Check out our Verge (XVG) Price Prediction for The Future
Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect BAT will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the BAT price, which will give us another point of view to consider:
Wallet InvestorWalletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins. According to them, BAT is expected to drop heavily to $0.09 per token in one year.
Trading BeastsTrading beasts display that BAT can levitate around $0.25 within a year which means it will essentially trade sideways in the next year.
CryptogroundCryptoground predicts that BAT might hover around the current level and reach $0.21 by the end of 2019. They even added their version of BAT price prediction 2024, where they stated that BAT might reach $0.91 by 2024, a 4.5x increase to the current price.
DigitalCoinPriceDigitalcoinprice gave a neutral prediction saying that by 2019 end, BAT might be worth the same amount of dollars like now – around $0.21 per token.
BAT Future: 2020, 2023, 2025BAT Price Prediction 2020Basic Attention Token (BAT) has been one of the quickest sold ICOs during the 2017 ICO frenzy that spawned thousands of new coins. However, unlike many other vaporware projects, BAT team kept working on their product and the project seems to have a solid future, despite being, up until recently, fairly unknown to the broader crypto community. In 2020, once the market wipes out the worthless projects, BAT might jump into spotlight and top 10 coins ranks which could see the BAT token price go up to its all time high levels of $0.86 per coin.BAT Price Prediction 2023If BAT survives to see 2023, that would mean the project stood the test of time and user adoption is growing, which would all lead to the token being worth at least 10-100x than its hitherto all time high. That would mean BAT would cost $8-80 per coin.BAT Price Prediction 2025Again, if BAT survives to see 2025, that would mean the project stood the test of time and user adoption is growing, which would all lead to the token being worth at least 100x+ than its hitherto all time high. That would mean BAT would cost $80+ per coin.Realistic BAT Price Prediction Predicting prices of novel, highly volatile and risky asset classes is a thankless task – best answer is no one knows. Educated guess is that realistic BAT price for the foreseeable future is somewhere between its current price and its all time high.The post Basic Attention Token (BAT) Price Prediction 2019 & 2020 – Future Forecast For BAT Price appeared first on CaptainAltcoin.
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