Therefore, since it has about 50 million users, there is more room to grow. Today, there are billions of people using the internet. Third, the BAT token is a good investment because it is in a big industry. However, as the number of users increases, many companies advertising on the platform rise.
In theory, the value of BAT tokens should decline as the number of people using the platform increase. Therefore, the BAT price will continue growing as the number of users rise. This is a remarkable performance for a company that was established in 2016.
For example, brave announced that it had over 50 million monthly users and over 5 million daily users in its annual report.
Second, the ecosystem is showing strong growth. This means that it has a real value, which means that it will likely continue doing well. First, unlike many other altcoins like Shiba Inu, BAT has a utility value. There are several reasons why some analysts believe that the Basic Attention Token is a good investment. In addition, its ranking among cryptocurrencies has declined to about 85. As a result, the market cap of BAT crypto has declined from over $2.5 billion to the current $1.3 billion. However, the coin’s price has lost momentum in the past few months and is down by about 55%. The coin has risen by more than 800% from its lowest level in March 2020, making it a strong performer. Its price has surged by over 344% since August 29 th, making it a better performer than the S&P 500 and the Nasdaq 100 index. Is BAT a good investment?īasic Attention Token price has had mixed returns in the past few years. But, in general, the coin has done well since it started to trade. They have also rolled out a cryptocurrency wallet and a video communication platform similar to Zoom Video or Microsoft Teams. For example, they have created a search engine that works in a similar method to Google. The developers have developed other tools that will benefit Brave users. This is a developing story…Check back for updates.Brave is not just a browser company. It’s important to note that BAT has long traded on Binance, which is an exchange with the most volume across several markets. Nevertheless, as market share of it grows, the native utility of the BAT will continue to grow, and thus so will demand for it.ĬCN.com will check in with BAT as trading on Coinbase goes live to see whether the move by one of the oldest, largest, most compliant exchanges will have a positive impact. Current market share reports on browsers do not sufficiently differentiate user agents enough to tell the difference between various forks of Chrome thus, it is hard to estimate how many people are currently using the browser. Last year, Brave enabled them on YouTube videos and over the past few weeks, prior to the listing on Coinbase Pro, the token has seen a rally due to the program entering beta and increased awareness.Īs CCN.com has previously reported, the Chrome-based browser itself has millions of active users and discourages tracking, malvertising, and inefficient website coding. BAT tokens have a real-world value assigned by market traders and benefit both sides of the content world – the viewer and the content provider. Brave browser has ads disabled by default. The Brave browser project is the primary effort behind BAT, which is aimed at rewarding users for enabling ads. It is not difficult to speculate that the increased exposure through the Coinbase Pro platform will continue this incline and that BAT could see new highs beyond its all-time-high of more than 60 cents per token. The price of BAT was around 25 cents as of yesterday, but on today’s news, it has gone up by a nickel. Users will have to bring their own BAT, as purchase of the token is not currently available on the regular. Trading is apparently not going to be allowed to residents of New York, likely due to regulatory concerns. BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York.” “Once sufficient liquidity is established, trading on the BAT/USDC order book will start. Trading in the token - which runs on Ethereum - will actually begin after a market begins to formulate. Coinbase has just announced that trading of the Basic Attention Token is soon to be enabled on the Coinbase Pro platform, and deposits of the token are now being accepted.