Basic Attention Token (BAT) Wakes Up Following Bitcoin’s BTC $6,500 Target
Following the drop to $5,200 which the pair BTC/USD experienced last week, bitcoin proved many bearish predictions wrong with the present performance as it just topped the $6,400 mark with 5.60% increase in the last 24-hours which is equal to $400 gain. While its dominance against altcoins in the crypto-verse has been very visible since the beginning of April (BTC 56.0%), in most occasions when it is standing in the green in general the leading coins follow the positive sentiment.
Read: All Eyes On $6,400: Bitcoin (BTC) Taps $6,100 In Clear Uptrend
Taken from the above article – Mainstream analysts, like Fundstrat’s Rob Sluymer, are also bullish. In a research note released just recently, the Fundstrat Global Advisors chartist wrote that “Bitcoin’s long-term technical profiles continue to point to a new up cycle,” looking to the fact that BTC continues to trade far above its 200-day moving average. This comes just days after he remarked that it would be wise for investors to “use pending pullbacks,” which may soon arrive as a result of Bitcoin being overbought per some indicators, to “accumulate BTC in the second quarter.” However, keeping mind that the next resistance to clear is the very important $6,450 which as acted as a support for a very long time before the great decline.
On the other hand, per time of writing the famous yet 23rd ranked cryptocoin Basic Attention Token (BAT) has recovered 21.60% in the last 24-hours leading the BTC market for 15.20% – reaching a level of $0.3433 against the US Dollar.
The expansion of Brave, an internet browser which is built with blockchain technology and uses Basic Attention token as means for transferring value through the browser is a great example of how day by day it become more convincing for more people that cryptocurrencies have the potential of daily usage. Recently, the browser even took over the position of Google Chrome as the second most downloaded browser for mobile for a short period of time. At the moment, both browsers are competing for the second position, with Mozilla Firefox holding the first position.
The browser integrates its code with a wallet that allows users to reward content creators and receive rewards for their interaction:
Last week, we hooked up our cryptocurrency wallet to our Brave creator account. Those tiny micropayments that Brave users had tossed into the Archive’s virtual tip jar had accumulated, growing into more than 9k Brave Attention Tokens (BAT) – the equivalent of $2500 USD! – the team added
Its story – The Basic Attention Token, which transacts the token transfers in the via Ethereum’s blockchain, made its debut in the cryptocurrency industry with the target of resolving present marketing and advertising issues with which individuals have to deal with in the particular industry.