Basic Attention Token rises as it is listed on Upbit cryptocurrency exchange. Basic Attention Token (BAT) is a token that is meant to create a long-lasting online ad model. It is formed by the developer of JavaScript and the co-founder of Mozilla and Firefox. The recent rise in the token as led to more speculation of an increase in the value of the token.
Basic Attention Token’s Sudden Rise
Basic Attention Token (BAT) has been on a sudden rise of about $0.10 within minutes of its listing on Upbit. It was listed along with some other tokens such as AdToken (ADT) and AdEx (ADX) which has also experienced rise equally.
BAT is a blockchain token that is designed to improve the efficiency of digital advertising, through making a new token that can be exchanged between publishers, advertisers, and users, created with Ethereum Blockchain. This token can be used to gain a different type of advertising and attention-based services on the Brave platform. The importance of the token is centered on user attention.
Price Action
BAT, a token that is designed for the digital advertisement, saw a sudden rise in less than a minute from $0.32 to $0.42 in the early hours of Monday morning. Just within a short time, it drops to $0.37, and later rose to $0.40, and still fell back to $0.37 at the time of compiling this report; it was still showing a tendency to go on the rise above $0.32 which it started the day with.
The token tends towards broad acceptance, because of the adoption of blockchain into the digital advertising project. There is speculation of a potential rise to $2-$3 because of the larger bases of users it has presently, and will still have, as a result of incorporating digital advertising with blockchain. Even though it is a long-term projection, it has not risen beyond the $0.90, that it had reached much earlier in the year.
The BAT project has increased its trend through writing to all European Union member states on handling issues of online confidentiality. So also is publicity it has received on some recent crypto conferences.
The token, BAT, has just been listed on Upbit and there has been a sudden rise. There is a possibility of it being listed on the Coinbase soon. Coinbase plans to list it along Stellar (XLM) and Cardano (ADA).
BAT project transforming the digital advertising world with blockchain remains one of the yet to be seen impact of the blockchain. However, the rise and fall in the value of the token will be determined by the broad acceptance by users and the impact it is set to achieve.
