Basic Attention Token (BAT) Trading See Double-Digit Boost Amidst Coinbase Rumours
BAT, the token set to reward users of the Brave browser for viewing adverts, is one of a few coins that showed green last week when others didn’t.
BAT’s rise comes amid speculations that the cryptocurrency might be the next to be listed on Coinbase, following the footsteps of the recently added 0x. The speculation is backed by a report released by Coinbase that had talked about exploring the addition of cryptocurrencies like Basic Attention Token [BAT], Stellar Lumens [XLM] and Cardano [ADA]. More specifically, the exchange had made it clear they were introducing ERC20 tokens at some point. The two currencies named in this conversation are 0x – which has been added – and Basic Attention Token. As such, it appears to be a matter of time until BAT makes it to this platform.
There are many different reasons as to why Basic Attention Token can be a pretty interesting project moving forward. The native asset of the Brave browser has the potential to change the way people look at the internet altogether. It is also a token subject to a fair bit of speculation in the cryptocurrency industry these days, which can lead to quite a bit of volatility along the way.
Founder Eich revealed more of the plans for the promised Brave user rewards of BAT in August 2018, including that users are now testing adverts and payment methods ready for roll out. Something that could be garnering attention for Brave this week is Eich’s letter to the U.S Senate calling for a U.S version of Europe’s new data protection policy GDPR. Notably, the EU’s chief privacy regulator, Andrea Jelinek, referred to the letter in her testimony to a U.S Senate Committee.
However, on the other hand, Quantum Vision tried to convey some technical analysis wisdom with BAT speculators. His findings indicate there will be a potential dip which pushes the value down to $0.191 again. Even so, the target for this week seems to hover near the $0.24 mark, a value which certainly isn’t out of reach based on the current circumstances.
Keeping the volatility in crypto market in mind, in the case of Basic Attention Token, it is difficult to predict what the future will hold. If the market follows the same pattern as 0x, when Coinbase actually lists BAT the price should increase higher.