2019-9-30 19:40 |
BAT is been in the news mostly for the stunning growth their ecosystem has produced in the last year or so. However, price-wise, BAT has seen better days.
With over 20 million downloads and 5.5 million active users, Brave browsers is gaining ground in the browsers world. However, that is literally a droplet in a bucket in comparison to Google’s Chrome browser that reported two billion installs back in 2016. However, in multiple head-to-head tests, Brave had the quickest load times amongst competitors Chrome and Firefox.
The Brave platform is spawning all major platforms (YouTube, Twitch, Twitter, Reddit, Vimeo, Github, and other websites) with over 273,000 registered publishers listed. Over 70% of all registered publishers originate from Youtube and all categories have seen continued growth over the past year.
BAT/BTC Price AnalysisBAT has dropped to 2000 sats level, which it saw back in November 2017 last time. At one point in April 2019, BAT reached almost 10k satoshis, almost 5x the value it currently has.
BAT is right now 31st crypto project ranked by market cap with $221 million market cap and a price of $0.16 per token.
As shown by the chart below, BAT is in a similarly weak position as the rest of the market – bears have been dominating the market and pounded it to its yearly lows back in September, measured in BTC.
Right now, BAT is waiting a market wide recovery before it can gain some ground and claw back up into its usual trading pattern (up tilting horizontal channel between 4000 and 6000 sats).
Right now, BAT is trying to defend the 1800 sats zone, a confluence point of its moving averages – 20 and 50. If this level fails to hold the bears, BAT might touch a new all time low.
Total market analysisThe market is still dominated by the bears and overall sentiment is bearish filled with fear, as shown by the crypto fear and greed index.
Market is struggling to produce a momentum upwards and it is glued to the Fib382 level at around $206 billions (figures by Tradingview).
The post Basic Attention Token (BAT) Price Analysis: user numbers go up, token price goes down appeared first on CaptainAltcoin.
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