Basic Attention Token Price Prediction – Basic Attention Token Forecast 2021, 2022, 2025 & 2030

The rise of cryptocurrency over the past decade has opened the door to limitless opportunities across various sectors. One of the most innovative cryptos in recent years has been Basic Attention Token, which looks to revolutionise how we interact with advertisements online.

In this article, we’ll explore our Basic Attention Token Price Prediction in depth. We’ll touch on how this token works and its future outlook before highlighting where you can invest in Basic Attention Token – with zero fees!

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Basic Attention Token (BAT)

Price
$ 0.708432

Basic Attention Token Price Prediction 2021 to 2022

As you’ll discover throughout our Basic Attention Token stock forecast, this cryptocurrency has great potential and an innovative use case. However, if you’re just looking for a quick overview of our Basic Attention Token prediction 2021, then the bullet points below highlight our thoughts for the months that lie ahead:

  • One Month – The minor resistance level around $0.75 was broken recently, hinting at some downwards momentum over the short term. Due to this, we believe BAT could head towards the $0.50 level to find support.
  • Three Months – If this level proves to be strong support, it’ll provide a solid foundation to rebound upwards. We believe that BAT could head towards the $1.20 level over the next three months.
  • Start of 2022 – By this point, we’d expected BAT and the broader market to display consistent momentum. Due to this, our Basic Attention Token forecast projects that the token could be valued at $1.50.

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Basic Attention Token Price History – the Story of 2021 So Farbasic attention token logo

Before you buy Basic Attention Token UK, it’s a good idea to get a feel for what this cryptocurrency does. There are many innovative tokens within the cryptocurrency market right now, with BAT being just one of them. Let’s take a look at how this token works and how price reached this point.

Basic Attention Token (referred to as BAT) is what’s known as a utility token housed on the Ethereum blockchain, meaning it is designed to be used on a specific platform for use. The platform BAT is used on is called Brave, which is a unique web browser developed by Brendan Eich, who also created JavaScript and Mozilla. The first version of the Brave browser was launched in 2016 and has been growing ever since.

Essentially, the Brave web browser aims to revolutionise the way that digital advertising work. Users of the browser can opt to block ads entirely or be rewarded in BAT for watching ads. User data is collected by Brave but in an anonymous fashion, with this data being provided to ad publishers and marketers to target their content better. As BAT is the native token of Brave, advertisers, content creators, and users can all be paid in BAT – creating a seamless ecosystem.

BAT ecosystem

This ecosystem means that users are not bombarded with advertisements that aren’t relevant to them whilst also earning BAT simply by viewing ads. As we mentioned, Brave does collect data and stores it in a ledger on the Ethereum (ETH) blockchain. Thanks to blockchain technology, this data is held securely and anonymously, being used to better the platform rather than for financial gain.

Right now, Brave has stiff competition in the browser space from the likes of Google and Yahoo, so BAT tokens are still in the very early stages of adoption. However, as time goes by and internet users become more interested in preserving their privacy, the appeal of Brave will likely increase.

basic attention token price chart

Much like other cryptocurrencies, Basic Attention Token started rising in early 2021. Between February and May, BAT rose by an impressive 511%, reaching a peak of $1.67. However, the volatility caused by the Chinese regulation of Bitcoin (BTC) and Elon Musk’s comments regarding Bitcoin caused the entire market to sink – along with BAT.

Since July, there have been signs of recovery for BAT. The coin rose by just over 125% in the space of two months, hinting at some sustained bullish momentum. Nonetheless, BAT has recently dropped in price due to the market sentiment effects caused by the Evergrande situation in China. Although the current Basic Attention Token price looks to be heading downward, this may only be short term.

Basic Attention Token Price Forecast

Much like when you buy stocks, it’s crucial to understand the various factors affecting a cryptocurrency’s price. This will enable you to make better investment decisions and generate more significant returns over the long term. With that in mind, let’s look at the technical and fundamental aspects of our Basic Attention Token prediction.

Technical Analysis

Technical factors play a crucial role when investing in cryptocurrency. Although the price chart doesn’t tell the whole story, it can provide a great deal of information when used in conjunction with other types of analysis. Relating this to BAT, we can see that price recently formed a small bear flag on the daily chart, which was broken by the bearish momentum on September 20th.

BAT technical analysis

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The Basic Attention Token price live is now hovering around the $0.64 region, representing a decrease of 61% from the all-time highs experienced in May. The following support level is around $0.50, which just so happens to be a strong psychological level too. If the price were to go down in the short term, it’d likely head here as there will be many buy orders waiting to be triggered.

The upside of our Basic Attention Token price prediction is that we believe the token has a great future over the coming years. Right now, BAT hasn’t been in the market long enough to make any firm predictions, as there isn’t enough historical data to base them off. Having said that, if BAT rejects support at $0.50, the first price target will likely be around $1 – which represents an extremely profitable investment just for this short move!

Fundamental Analysis

According to CoinMarketCap, BAT currently has a market cap of $963 million. This is relatively small compared to large cryptos such as BTC, ETH, ADA, XRP, and others. Right now, BAT is the 90th largest cryptocurrency in the world and has a trading volume of around $222 million per day.

One of the most important things going in BAT’s favour is the development team behind the Brave browser. As Brendan Eich founded Mozilla, he has extensive browser-building experience through Mozilla Firefox. Due to this, the Brave browser is already super popular and offers an exceptional user experience. Once more people realise this, it’ll likely boost the BAT price.

In addition, consumers are becoming more aware of spammy ads, whilst advertisers are looking for ways to target their ads more effectively. Brave provides a platform that can suit everyone’s needs, making the entire process financially rewarding. As the years go by, we’d expect more people to use Brave as their go-to browser, leading to significant value increases for BAT.

Basic Attention Token Price Prediction 2025 – Long Term Outlook

Most beginner crypto investors will typically enter the market looking to invest in Bitcoin – and that’s okay! However, if you are more experienced in the market and are looking for a more speculative investment, then BAT might be worth considering. Although it doesn’t have the same use cases as Bitcoin or the same size as Ethereum, BAT still could offer an excellent opportunity to generate returns.

As we’ve highlighted earlier in this Basic Attention Token forecast, the use case for BAT is very inventive and could change the way that the advertising industry works. Furthermore, the Brave browser is open-source, adding an additional level of trustworthiness to the platform. Overall, users will likely be attracted to Brave, as the browser offers a more private experience.

BAT stats

A recent report by eMarketer noted that worldwide spending on digital ads is expected to reach $455.30 billion this year. This figure highlights the sheer scale of this industry, meaning that if Brave can market itself appropriately, there is a huge opportunity here. Although there is stiff competition from other browsers, there is still scope to carve out a niche and attract users.

With that in mind, our Basic Attention Token price prediction 2025 is encouraging. If there were ever a significant shift in consumer tastes, it would be now due to all of the changes being brought about by cryptocurrency. Due to this, we’d imagine BAT could be valued at $3 by 2025.

basic attention token market cap

Furthermore, our Basic Attention Token price prediction 2030 is also optimistic. It’s unlikely that Brave will ever displace Google as the number one browser because Google is simply too strong and has unlimited resources. However, by 2030 we’d expect a reasonable percentage of users might shift to Brave, meaning BAT could be worth upwards of $8.

Basic Attention Token Price Chart

The decision to buy cryptocurrency is usually one with a long-term investment horizon, as many cryptos are still in the early stages of their lifecycle. This is undoubtedly the case with BAT, and as you can see from our Basic Attention Token prediction, we are still encouraged by the ecosystem’s progress.

A glance at the price chart highlights how volatile BAT has been this year, with huge spikes followed by steep declines. Even though the BAT price is much lower than May’s highs, it is still up a remarkable 222% since the turn of the year. This highlights just how much potential that price has to generate market-beating returns.

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So, if you were looking to buy BAT, we’d recommend having a long-term outlook. As our Basic Attention Token prediction has emphasised, the Brave browser does have some exciting and beneficial features for all stakeholders. However, the adoption just isn’t quite there yet. If Brave can market itself more efficiently and attract more users, we’ll likely see solid gains in the BAT price.

Where to Invest in Basic Attention Token

Rounding off our Basic Attention Token forecast is a look at the process of investing in the altcoin. Many of the best trading platforms UK will now offer BAT as a tradeable asset, even though the token is still relatively small. However, it’s essential to choose a broker or cryptocurrency exchange that is both safe and low-cost.

We’ve researched many of the top options within the industry and found that eToro represents the best platform for traders to buy BAT. Firstly, eToro has over 20 million users worldwide and is regulated by the FCA, ASIC, and CySEC. This adds a great deal of credibility to the platform, ensuring users can trade safely.

 

etoro cryptoportfolioOne of the best things about eToro is the platform’s fee structure. eToro charges 0% commissions when you trade with them, meaning that when you buy BAT, there will be no fees attached. The only thing to be aware of is the spread, which is the difference between an asset’s buy and sell prices. This can fluctuate, although it tends to remain competitive with other brokers.

eToro’s minimum deposit is only $50, making them one of the more accessible CFD brokers. Users can fund their accounts via credit/debit card, bank transfer, or various e-wallets. Notably, eToro accepts PayPal, Skrill, and Klarna, making deposits extremely easy to make.

Finally, eToro even offers a handy feature called ‘CopyPortfolios’. These are professionally managed portfolios that do not require a fee to invest in! There is even a ‘CryptoPortfolio’ on offer that provides broad exposure to the cryptocurrency market – ideal for a diversified investment!

Basic Attention Token Price Prediction – Conclusion

In conclusion, Basic Attention Token is an exciting concept with some real-world value. The combination of the Brave browser and BAT could redefine the advertising industry in the years ahead. Although adoption is not currently where it needs to be to make a dent in the sector, the potential is there for BAT in the years ahead.

So, if you’re interested in buying BAT today, we’d recommend using eToro. As one of the world’s largest brokers, eToro has over 20 million users globally. Furthermore, eToro is regulated by the FCA, ASIC, and CySEC, ensuring you can trade cryptocurrency as safely as possible.

 

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About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.