Does The Basic Attention Token Deserve Yours?

BAT is one of the only ICO projects that’s still getting people excited. It stands for Basic Attention Token, and its creators are trying to reinvent the way we consume content. The question is, does BAT deserve your attention?

At its heart, Basic Attention Token is designed to replace advertising revenue with a digital token. Instead of giving away your privacy to online trackers, users will be able to pay for content in cryptocurrency. Instead of ad revenue going straight to publishers, you’ll be able to choose which ads you want to see — and if you do want ads, you’ll get a share of the profits.

It is still at an early stage, but the Basic Attention Token team is already well down the road. They’ve designed and built Brave, a web browser that automatically blocks most ads and allows websites to be tipped in BAT tokens. Brave already has millions of active users and thousands of verified publishers.

But can BAT deliver? Brave already has millions of active users, and thousands of verified publishers, making it already a likely candidate for adoption. Of course, there are still plenty of things that can go wrong, but Basic Attention Token received Invest Diva's highest ever assessment for any investment.

The Best Time To Buy BAT Vs. Bitcoin?

Versus Bitcoin, the BAT/BTC pair has mostly been moving in a cyclic pattern, between the resistance level shown in green and the support level shown in purple. At the moment the pair is moving below the daily Ichimoku Cloud, approaching the pivot level shown in orange.

Basic Attention Token: BAT/BTC Price Action Technical Analysis

The future Ichimoku cloud is also bearish with all other five Ichimoku moving averages moving downwards. With that, we could see the price drop further to the median support levels before moving back up, which could give you an opportunity to buy BAT at a lower price.

Disclosure: The author personally own some BAT along with other cryptocurrencies. Only invest money you can afford to lose in the crypto market.

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