The year 2018 has been relatively successful for Basic Attention Token and the Brave browser project. This solution has now received a lot more attention, ultimately leading to BAT being listed on Coinbase. Ever since that time, a large portion of the excitement has been nullified, albeit a new small uptrend appears to be forming on the charts.
Basic Attention Token Price Notes Small Gains
Although getting listed on Coinbase is often considered to be a major milestone for any cryptocurrency, it is not the ultimate goal. If the token, asset, or currency cannot be used for real-world purposes, it will remain a speculative tool first and foremost. In the case of Basic Attention Token, there appears to be a genuine use case in the form of the Brave browser ecosystem. As such, there is more to this token than meets the eye at first.
As such, the current Basic Attention Token price uptrend looks somewhat promising. While it might not resemble the hype and excitement regarding BAT’s Coinbase listing, small gains are usually the key to long-term success in this industry. Over the past 24 hours, there has been a 3.8% increase in USD value, pushing the Basic Attention Token price to $0.1376. Notable uptrends in BTC and ETH value confirm something appears to be brewing.
On social media, it would appear users are getting confused regarding how to use BAT in conjunction with the Brave browser. Transferring BAT from an exchange to the Brave built-in wallet means withdrawing funds will not be possible. That is a bit of an issue for those unaware of this “feature”, yet it also shows Brave is not designed to act as a storage solution. It is possible to export the private key, though, so no funds will be lost in the process.
.@TraceMayer I transferred my #BAT @AttentionToken Tokens from @UpholdInc to official @brave wallet to have ownership of my tokens on my own wallet with my own seed @AttentionToken #ProofOfKeys @BrendanEich Now I can’t withdraw!! #fail
— orywr [Jan/3 ] (@ORyWr) January 3, 2019
Based on the current market circumstances, one would expect more traders and speculators to invest in Basic Attention Token. MaltLiquorPapi is wondering if anyone is doing now, or whether it is better to wait for the next dip. Cryptocurrency and token markets often evolve in mysterious ways, thus either option needs to be researched first and foremost.
— MaltLiquorPapi (@LowkeyBrilliant) January 4, 2019
It would appear BAT is part of a very appealing and lucrative triangular arbitrage option. As KoinKnight points out, there is good money to be made by following the steps outlined and selling the obtained BAT on WazirX. As is usually the case with large profits like these, there are questions regarding the overall liquidity of all platforms involved.
— KoinKnight (@KoinKnight) January 4, 2019
Under the current circumstances, it would appear as if this Basic Attention Token price uptrend has some legs. Although no spectacular gains should be expected, this small gain can keep holders and speculators happy. All markets will eventually see big gains again, but for now, the slow and steady approach appears to be a more favorable option. A BAT price of $0.14 seems plausible, but anything beyond that may be difficult to sustain.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
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