Basic Attention Token Price at $1.19 after 48.5% Gains

The crypto market has been showing signs of consolidation over the weekend. Bitcoin and ethereum are maintaining the levels of $61K and $4300, respectively. Most coins have also avoided high volatility. However, some altcoins are making explosive gains and among these is BAT. BAT has made double-digit gains in the past 24 hours, pushing it to new highs.

BAT is trading at $1.19 at the time of writing after a 48.5% gain in the past 24 hours.

Basic Attention Token Price Analysis

BAT has been on an explosive rally during the past 24 hours. The 24-hour high for the altcoin stands at $1.42. However, it has shed some of these gains, hence the slump to the current price.

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If the buyer support continues to build, the coin could once again test $1.42. This will place it closer to reaching the all-time high of $1.63. Currently, market support is not very strong because bitcoin and ethereum are consolidating; hence buyers are responsible for these gains.

If there is a slump in prices, we could see BAT dropping to the lows of around $1.15. Lack of buyer support or increased selling pressure could also make the altcoin test the $1 levels. However, slumping to such lows could only attract more buyers because of the high volatility, thus igniting another bullish rally.

The BAT token could see the rising value because of the rising use cases of the Brave browser that is enjoying ad success. The BAT token and Brave browser have become popular because of the reward distribution system on the platform. This allows users to claim rewards after registering on the platform.

The success of major cryptocurrencies that have real use cases has created strong demand for tokens that have real use cases. There is potential for this token because it is yet to find optimal value in its ad revenue business.

Where to Buy BAT

If you want to buy BAT, you can create a cryptocurrency exchange account on eToro. eToro is one of the leading cryptocurrency exchange platforms. It supports a wide range of features such as copy trading and low trading fees that make it suitable for both new and expert traders. eToro also offers support to a wide range of cryptocurrencies and trading pairs.

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