Introduction
Basic Attention Token (BAT) is a part of the digital advertising platform ecosystem based on blockchain technology. Its utility can be ascertained because it provides both users and advertisers an opportunity to harness rewards using its novel technology. Users can download the Brave Browser and can earn rewards by watching the advertisements with the privacy-preserving technology. On the other hand, advertisers will get an opportunity to catch users’ attention without any distraction, thereby ensuring a better return on their investment.
What Is BAT Cryptocurrency?
BAT is cryptocurrency based on the Ethereum blockchain. In the ecosystem of advertisers, users and publishers, the BAT token is a reward unit. Since the launch of its ICO in 2017, it has scaled impressive heights of popularity and expansion in the advertisement world. The utility of the BAT can be ascertained from the fact that it is helpful to all stakeholders in the advertising field, which also partly explains its high growth and adoption in recent years.
History and Technical Analysis on BAT
BAT reached its all-time high value of $1.08 in January 2018, but the cryptocurrency could not maintain its momentum and plummet to the level of $0.10 at the starting of the year 2019. By March 2019, BAT came up with a new policy for rewarding the users, which helped the digital coin to reach the level of $0.50. However, by the start of 2020, the prices again dropped to $0.10. This year 2021, has proved exceptionally good for BAT as it recorded its all-time high value of $1.60 though breaking its previous high of $1.08. At the press time, the coin was trading at $1.20.
Future of Basic Attention Token by Crypto Experts
Most cryptocurrency experts are upbeat about the Basic Attention Token Price Prediction in the future. This is because the basic structure and fundamentals are proper. By taking an early mover advantage, BAT is likely to garner the lion’s share in the advertisement and promotion domain. Another factor that lends a significant benefit to the BAT is its vibrant and dynamic ecosystem. Right from the users and publishers and from promoters to the advertisement agencies, every stakeholder is very active in the value chain created by the BAT. It has helped create a positive image in the minds of prospective users, and this, coupled with its specific application, makes the project unique. Some issues have to be addressed by the BAT ecosystem, and prominent among these are scalability problems and the turbulent nature of BAT token.
Basic Attention Token Price Prediction 2021 and Beyond
According to the BAT price predictions, BAT is expected to reach the level of $2.4 by the end of this year. On the other hand, Wallet Investor predicts that the value of BAT will be around $1.3 by December 2021. The year 2023 will be exceptional as far as the predictions related to the price of BAT are concerned. Digital Coin Price has the prediction that the digital currency will reach $4 by the end of 2023, and it is also possible that it can scale to the value of $110 in 2023 itself. Visit Cryptonewsz to get the detailed analysis of Basic Attention Token Price Prediction for next five years.
Conclusion
The unique application of BAT and its all-encompassing reward system make this whole ecosystem very special in terms of its application and usability. Undoubtedly, BAT has been able to create a niche for itself. Suppose it continues to focus on its application path while rewarding all the stakeholders in the advertisement ecosystem. In that case, it will continue to grow at the desired pace and ultimately achieve an enviable place in the hearts and minds of cryptocurrency investors.