Basic Attention Token BAT Price, Chart, Value & Market Cap

His dream is to make this project reach the moon in the upcoming 10 years. Brendan’s realized to fruition changing the current online advertising landscape globally. On May 31, 2017, an ICO took place, during which the company managed to attract $35 million in just half an hour. BAT is the cryptocurrency which is taking the crypto space surprisingly.

• The current yearly supply inflation rate is -0.03% meaning -394,964 BAT were created in the last year.
• Any data, text or other content on this page is provided as general market information and not as investment advice.
• The utility token was integrated into the browser and launched officially on May 31, 2017; it managed to raise $35 million.
• Market cap is calculated by multiplying the asset’s circulating supply with its current price.
• It does not express the personal opinion of the author or service.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. The Basic Attention Token price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Users of the Brave Browser can be rewarded directly in BAT for viewing optional advertisements.

Market Overview

Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade . Users who have BAT can also choose to automatically contribute their BAT tokens to publishers based on their attention spent on the website or to manually tip them. Some known publishers who have signed up with Brave include The Washington Post, Vice, The Guardian, and more. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. Brave’s ad and tracker blocking also make the browser faster than its competitors.

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Basic Attention Token (BAT): Origin & Objective

And by the end of 2021, the BAT coin price has registered an all-time high of $1.92. Later, it fell sharply and currently, the price of Basic Attention Token is trading around $0.23. BAT or basic attention token price is nothing close to be growing.

The https://www.beaxy.com/ volume and liquidity is different for each exchange and those differences are what affect the price. After one of the fastest-selling initial coin offerings of all time – in which $35 million was raised in less than a minute – Basic Attention Token hit the market on June 1st, 2017 trading at around $0.16. Its price doubled in the next couple of days before falling to $0.07 the following month. From mid-July to the start of September, BAT price saw tremendous growth when it reached a price of over $0.30, which was followed by two months of consolidation. December brought it to new highs and BAT finished the year trading at $0.41, which represented gains of over 150% since launch.

BAT Price Chart

According to Basic Attention Token price predictions, it is said that BAT token will rise in the long term. The BAT projections are on technical studies of a cryptocurrency market past performance. Mainly because it targets the actual users using the token and more so as BAT tokens shall be utilized to pass advantage to content creators and publishers through tips by loyal fans and internet users. Here, a salient feature is that users shall earn BAT for watching ads, a visual treat enjoyed by virtually all.

As one of the most popular blockchain platforms in the world, Ethereum is deemed to be highly secure. This feature might not be available to all users, as it could depend on which country you live in. Please note that if you plan to store your BAT in an Ethereum wallet you control, you will also need some ETH to pay for transactions. The price of Basic Attention Token has been through some major XLM bat current price changes, from being worth $0.16 after its 2017 ICO to reaching an all-time high of $1.45 in 2021.

The start of 2020 showed promise as BAT climbed to $0.33 in February. These gains were quickly lost though, and Basic Attention Token hit a low of $0.08 in March after a single day crash of almost 45%. From there, prices gradually rose over the next five months until they reached $0.45 in August. Another crash around the start of September took BAT down to about half that value and there were no significant price movements for the rest of the year, at the end of which BAT was worth $0.20. The total maximum supply of BAT has been set to 1.5 billion BAT tokens, 100% of which have been released into circulation.

Similarly, users can set automated payments to websites that they visit based on their attention spent on them. Other uses of BAT include online tipping for content creators and social media platforms. The creators of BAT are seeking to improve the way that advertising is conducted in the digital age. They see current trends as disadvantaging users, publishers, and advertisers alike.

December 2023: Basic Attention Token Price Forecast

This is a statistical representation of the market cap, assuming the maximum number of 1.5 Billion BAT tokens are in circulation today. Depending on how the emission schedule of BAT tokens are designed, it might take multiple years before FDV is realized. Brave mentions that you will earn 70% of their ad revenue that they receive from advertisers. In exchange for your attention, you will be able to accumulate tokens as you browse the web. BAT is a popular token that is traded on most liquid and popular exchanges such as Binance, Coinbase Pro, Kraken, and more.

At the moment, BAT’s utility is almost completely tied to the Brave browser, but the token could also be used with other browsers and applications in the future. Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms. Unlike most other cryptocurrencies that gradually release new tokens into circulation over time, all 1.5 billion BAT tokens were created during its launch.

The BAT token is used as currency on the Brave platform which users currently access through the Brave web browser even though it will probably also be available on other platforms in the future. Users may be able to earn anywhere from $100 to $200 per year for viewing advertisements, but this depends on BAT’s performance in the market and other factors. The Brave browser has a program called Brave Creators which enables content creators and influencers to register to be eligible for BAT tips. When Brave user visit the website or YouTube page of a content creator who is registered, they will have the option of tipping them in BAT. Basic Attention Token’s price history can be analyzed with many of the same techniques as stock market analysis.

According to Basic Attention Token price prediction, by 2025, BAT cryptocurrency will reach to $0.8. You can see that the Bat_token is going to reach its highest resistance level for the seventh time. Additionally, despite the fact that Bitcoin is hovering around 24k at the moment, we do not observe any indication of a downtrend in the Bat_token. Despite the fact that we traded a lot on this coin, Now, the most crucial aspect is that this chart of Bat_Token… BAT token has a very active community behind it and an actually applicable use case.

These have also been incorporated into the mainframe projects like JavaScript programming language and Firefox browser. As this 1 year is preceded by a revolutionary phase in online advertising, the prospects look quite bullish, taking the BAT token value to reach $1 for sure in the next five years. This should be a price prognosis attraction for traders and individual investors to pour their money into BAT kitty.

Basic Attention Token shares 70% of their ad revenues with their users. Simply download the Brave browser, enable “Brave Ads” within the browser platform, and get notified about ads to earn free BAT tokens while surfing the web. You can also earn BAT by claiming random token grants worth BAT.

It doesn’t have much explosion potential, both according to investors and judging by its price history so far, but it can provide good returns in the long run. It also has a relatively high market cap of over 1 billion USD. Basic Attention Token is designed to act as a digital asset that is exchanged between advertisers, publishers and users.

As blockchain and digital currencies continue to increase, companies have sought new ways to apply this innovative technology to older problems and issues, such as web browsing and web-based advertising. Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses.

• The token reached its all-time high in late November 2021, trading at around $1.76 at its peak.
• In addition, BAT is used as the network currency, to facilitate operations within the network and on Brave’s decentralized web browser.
• Cryptoassets are highly volatile and unregulated in some EU countries and the UK.
• The exchange rate for BAT is set at 6,400 BAT per ETH, meaning that as the price of Ethereum climbs or falls, the price of BAT will be adjusted proportionally as well.
• By April , BAT was back up to $1.30, representing year-to-date gains of over 620%.

Brave also utilizes anonymous user attention data to assist advertisers with targeting and fraud reduction. Followed by a price correction in 2018 summers, the sluggish phase continued for the currency, and the addition of BAT via Brave added a breakthrough. The beginning of 2019 was a blessing for this pedestal as the token was listed on popular Exchange.

Market cap is measured by multiplying token price with the circulating supply of BAT tokens (1.5 Billion tokens are tradable on the market today). Brave browser’s value proposition is its privacy-centric advertisements which does not track users, and that they are only opt-in. As users browse the web and opt into advertisements on Brave, they are rewarded with BAT for their attention. Algorand is a cryptocurrency and blockchain platform that can finalize transactions immediately. Ethereum is a blockchain-based software platform with the native coin, ether. Ethereum smart contracts support a variety of distributed apps across the crypto ecosystem.