Home Cryptocurrency News Is Basic Attention Token’s (BAT) bullish run backed by Brave’s Super surge...

Is Basic Attention Token’s (BAT) bullish run backed by Brave’s Super surge in User Base?

BAT is up by 11.98% against the crypto deity, Bitcoin (BTC).

Basic Attention Token (BAT) has been trading with a higher volume in the recent trading session. The crypto market has shown it’s here to stay for a long, long time. Comparatively, the market looks much stable and in control as compared to back in 2017 and 2018. When we talk about the market, it’s still Bitcoin who’s leading it.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

However, over the past three years, other digital currencies and altcoins have grown with confidence and have developed a more solid ecosystem. Basic Attention Token is growing but still, it has a way to go. The recent bulls have carried the stock quite higher with the start of March.

Read More

What’s happening?

Basic Attention Token (BAT) is up followed by a strong volume today. On Feb 26, 2021, the digital asset of BAT went through its largest daily exchange outflow to date. Around 1.15% of BAT’s total supply left crypto exchanges, following that the digital asset soared over 9%.

This breakthrough was backed by Santiment, sharing its thoughts on Basic Attention Token’s largest exchange outflow. They shared their thoughts with the following statement:

“BAT has decoupled from $BTC, & is one of the few altcoins in the green.

Its+9% rise the past hour comes after the largest Basic Attention Token exchange outflow in 7 months earlier, & biggest single-day supply drop from exchanges (-1.15%) of all-time.”

Moreover, the crypto asset has largely benefited from Grayscale’s decision regarding BAT trust. The massive pull out of BAT from the exchanges reflects that whales are accumulating Basic Attention Token.

Another major aspect that might have played the role of catalyst in shaping a bullish start for BAT on Monday is Brave’s user base surpassing 25.4 million. Brave, aprivacy-centric web browser built on Basic Attention Token (BAT) has seen a massive rise in monthly active users more than doubling in a year.

Brave blocks ads and restricts websites from tracing individual’s movements on the internet. In return, Brave rewards them with BAT tokens for opting advertisers. Moreover, these tokens are also used to reward content creators and publishers through the browser’s in-built wallet. The tokens can be exchanged for other digital coins, as well.

The increase in daily active users base from 3.8 million to 8.6 million increasing the volume of BAT tokens being owned by more and more users.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

In the long-term, the indicators show that Basic Attention Token (BAT) is bullish and a breakout above $0.68, crossing its all-time high. As we write this, BAT was trading around $0.58, up by 25.35% and 11.96% against BTC.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Amarin Corporation plc (NASDAQ: AMRN) stock plunged in the premarket trading session; here’s why

In the premarket trading session, Amarin Corporation plc (AMRN) stock had plunged by -4.56% to $4.4. AMRN stock closed previous session at $4.61 gaining...

Why Second Sight Medical Products, Inc. (EYES) stock is Popping High today?

Second Sight Medical Products, Inc. (EYES) stock announced two-year results of its Orion Study after which the EYES stock price happened to be green...

Luokung Technology Corp. (LKCO) Stock Undergoes Volatility as Appeal Over CCMC Designation is Underway

Luokung Technology Corp. (LKCO) stock prices were down by 6.40% as of the market closing on May 11th, 2021, bringing the price per share...

Vista Gold Corp. (VGZ) Stock Inches Higher After Promising Q1 2021 Financial Reports

Vista Gold Corp. (VGZ) stock prices were up by an incremental 1.82% as of the market closing on May 11th, 2021, bringing the price...

Array Technologies, Inc. (ARRY) Stock Prices Stay Stable Despite Troubling Q1 2021 Financial Reports

Array Technologies, Inc. (ARRY) stock prices were up by a marginal 0.28% as of the market closing on May 11th, 2021, bringing the price...

Lucira Health Inc. (NASDAQ:LHDX) stock rallied today in the current trading session; here’s why

In the current trading session at last check, Lucira Health Inc. (LHDX) shares had surged by 15.32% to the price of $5.87. LHDX's stock...

PaySign, Inc. (PAYS) Stock Down Following Disclosure of Troubling Q1 2021 Financial Reports

PaySign, Inc. (PAYS) stock prices were down 15.0568% early in the trading day on May 12th, 2021, bringing the price per share down to...

Comstock Mining Inc. (NASDAQ:LODE) stock plunged in the current trading session; here’s why

In the current trading session at the last check, Comstock Mining Inc. (LODE) stock had plunged -3.25% to trade at $3.21. LODE stock previously...

Related News

Rise of the NFTS: Is Tron (TRX) close to a break out?

Tron (TRX) is ranked at 22 in the market in terms of market capitalization. With a market ‎capitalization of $4,563,271,447, the market cap observed...

Zilliqa (ZIL) Sky Rockets as the Digital Asset Crosses $100 million TVL

Zilliqa is going big as the coin as the third-party Airdrop is about to end. The market is going nuts again as Bitcoin has crossed...

QTUM to have a Hard Fork in 5-6 weeks to accelerate Qtum up

Qtum is trading in the red zone, down by 6.09%. Qtum (QTUM) is a crypto to hold at the moment and it will bring you...

MATIC rebrands to Polygon (MATIC) Crypto as Coinbase Pro Looks to List it Tomorrow

MATIC is getting listed on Coinbase Pro and will be available for trading from March 11, 2021. MATIC has rebranded its name and will...

Ontology (ONT) Signs a major collaboration with MicroWorkers to support additional payment options for workers

ONTO team has published a new version of ONTO v3.7.6. Ontology (ONT) has been quite busy working on different projects to uplift the blockchain project....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.