BAT Token powered one of the most interesting blockchain projects. It was launched in the mid of 2017 through an astonishing initial coin offering (ICO) during which all tokens were sold out and raised $35 million in just half an hour.
Basic Attention Token (BAT) still ranked high among the top 40 cryptocurrencies in the market, but how about the token price movements and where does BAT’s price is going in 2020?
Let’s analyze together the BAT project and see what is awaiting the token with the ChangeNOW BAT price predictions and market’s opinion.
BAT Overview: What is BAT?
Basic Attention Token (BAT) is a functional token based on Ethereum-blockchain that took a high place in the crypto market since May 31, 2017.
Eich was aiming to change the current model of the web traditional advertising sector that worth over $600 billion, and that could succeed. The current advertising model is based on tracking user-behavior to report that to publishers and providing ads to the people on their browsing habits basis.
But in a world where privacy violations and data-stealing occur on a daily basis, internet users are getting fed up, and they are constantly looking for alternatives. Brave Ads allow you to earn BAT coins for opting-in watching ads with blocking advertising you don’t like to see.
If you are wondering how to earn BAT tokens, you can easily start earning by using the Brave browser while activating the Brave Rewards feature, and you also can convert BAT to USD by using the ChangeNOW exchange tool.
The philosophy behind BAT cryptocurrency puts users’ privacy and security in the first place and shows them only ads they are interested in.
BAT (Basic Attention Token) is used within the system as a payment tool that rewards the browser user for attention and protects him while giving better conversion to advertisers and higher yield to publishers.
BAT Price: What does it depend on?
Predicting the BAT value can be a stressful process as it depends on many things among them: the Brave browser’s number of users, the adoption of the cryptocurrency and the actual use of the token, and the state of the overall crypto market.
BAT Price Prediction 2020
At the end of 2019, the blockchain-based Brave browser reported about doubling the number of monthly active users, with a 12x increase in new publishers. Moreover, recently, the crypto-related media buzzed with good news for BAT about Binance and Brave partnership.
The global blockchain company that manages the largest crypto exchange around the world, Binance, has teamed up with the Brave browser to enable users to seamlessly trade BAT BnB and other cryptocurrencies pairs through Binance widgets.
All of this refers to the continued growth of the ecosystem which ultimately relies on BAT token and this also could explain to us these price movements in the BAT USD chart in recent months.
BAT price started its bullish trend at the end of 2019 and continue to grow to reach the peak at $0.320 in February 2020, then the token price crashed during markets crash in March. But this is not necessarily a measure of the token success, the crypto market is mainly driven by sentiment after all.
However, we obtained the most considerable forecasts about the future price of BAT coin based on various algorithms and technical analysis of the BAT coin data. Here are the BAT price predictions for 2020 and the coming 5 years:
BAT Price Prediction (2020)
According to TradingBeasts Price Prediction for 2020, BAT price might reach $0.312 by the end of 2020.
BAT Long Term Price Prediction (2021–2025)
Analysis of the cryptocurrencies by CryptoRating shows that BAT price may reach $0.481 in 2021, $0.552 in 2022, and $0.614 in 2023. While Crypto Ground has predicted that BAT price might reach $0.913 by 2025.
Where to buy BAT?
If you want to buy BAT instantly, you are only 4 steps away from getting your tokens. ChangeNOW provides you the best exchange tools to buy tokens in a simple and easy way with several purchase options, just follow the steps below:
Step 1. From the ChangeNOW home page, go to the ChangeNOW Echange Tool, choose a currency and enter the amount you would like to deposit. The service will automatically calculate the amount of BAT you will get. Then click on the Exchange button.
Below is an example of buying BAT tokens with Bitcoin.
Step 2. Enter the BAT address where you would like to receive your token.
Step 3. Double-check all the information and if everything is correct, click Confirm. Remember that all operations are irreversible.
Step 4. After you have confirmed the transaction, send Bitcoins to the generated address you see on the screen and you will receive your tokens immediately.
While current crypto market dynamics may create an impression of fading the investors’ interest in the altcoins market, which may not be the case, tokens that provide real value will not fade away.
Instead, they will keep on growing — and Basic Attention Token one those, which have the potential to stand considerately for the very long run. Our BAT’s price forecasts could help you choose the right entry time and make a proper trade plan.
Disclaimer: This article reflects its author’s opinion only and is not financial advice. We take no responsibility for the results of any trader’s decision or action.