Web 3.0 is the latest addition to a host of new innovations powered by Blockchain and Crypto. Web 3.0 aims to change the way we interact with information on the internet. One of the key facets of Web 3.0 is the ability of a user to have more ownership over their information and privacy. The BAT crypto token and its ecosystem do precisely this. It allows users to be equitable owners of their data and earn crypto by watching advertisements. It is one of the most prominent names in crypto today with tremendous real-world applications. So what does the Basic Attention Token price prediction look like in the near future?
What is Basic Attention Token? : A Fundamental Overview
There are several issues with the online advertising industry of today. It has several intermediaries that increase costs without adding much value. BAT was created in 2015 to shift the focus back to the main stakeholders of the advertising ecosystem – users and advertisers.
The Brave browser, which is the Web 3.0 ecosystem of the BAT token employs a blockchain-based system that measures and quantifies each user’s “attention”. This allows advertisers to understand the exact impact an ad has on an individual, while the user is rewarded with BAT tokens for viewing the Ad.
This system offers anonymous, relevant ads for those who choose to opt into it. Ads are targeted based on the demographics of the user. This is very different from the conventional advertising mechanism used by Google and Facebook, where a user’s browsing behaviour is tracked through cookies. The Brave ecosystem alleviates the risk of fraud and data theft from advertising. It also reduces the bloat present in the industry and lowers the cost of advertising. Most importantly, it gives users complete control over their data.
How Much Is A BAT Worth?
BAT started the year 2022 at a high, reaching $1.35 in January. But it soon started a sharp decline, hitting $0.67 in just three weeks. The token continued to trade in a broad band of $0.6 to $0.9 between February and April of 2022.
May saw another decline in the price of BAT, this time to $0.33. From June to the beginning of November 2022, it maintained a steady decline, trading between $0.28 and $0.47. It experienced its latest decline days after the FTX fiasco sending prices to $0.21. It is currently trading at $0.17.
Looking at the price trends over the last few months, it is likely that BAT will continue to trade in a band of $0.15 to $0.22 till the first few months of 2023.
Basic Attention Token (BAT) Technical Indicators
|Circulating Supply||1.4 Billion|
|24-hour Volume(Subject to dynamic change)||$21,481,060|
|Current Price (As of 3rd Jan 2023)||$0.1735|
|50 Day SMA||$0.1703|
|100 Day SMA||$0.1677|
|200 Day SMA||$0.1678|
|14-day Relative Strength Index||33.52|
|Fear and Greed Index||26( Fear)|
BAT Price Prediction 2023
|Year||Optimistic Low ( End of Q2)||Optimistic High (End of Q2)||Optimistic Low (End of 2023)||Optimistic High (End of 2023)|
- Note: Chances to hit the $0.4 mark are high provided that macroeconomic conditions and regulations do not deter investor confidence
With 2023 comes the hope of a new trend in global markets. BAT is expected to experience a steady rise to cross the $0.2 threshold again by the second quarter of 2023. But a bulk of the returns are expected in the last two quarters of 2023.
Analysts believe that economic recovery is expected to begin in the second half of the year. Renewed hopes in financial markets will also make investors more confident in crypto investments. By the third quarter, BAT has the potential to cross $0.4 and end the year at a high of $0.45
BAT Price Prediction 2024
|Year||Optimistic Low||Optimistic High|
The upward trend of BAT might most likely continue during 2024 provided that macroeconomic conditions do not add any headwinds. Analysts project that BAT will trade likely between $0.4 and $0.6 during 2024. Optimistic analysts project that BAT might end 2024 at $0.6.
BAT Price Prediction 2025
|Year||Optimistic Low (End of 2025)||Optimistic High (End of 2025)|
Most crypto projects are currently focused on increasing the functionality and efficiency of their tokens and BAT is no different. Improvements in the economic landscape over 2024 into 2025 and the growth of the crypto industry will lead to a good year for investors.
Experts predict that BAT will start 2025 at a price of $0.65, steadily rising to a high of over $0.8. Some hopeful investors even believe that it can cross the $1 mark by the end of the year.
BAT Price Prediction at a Glance
Is BAT A Good Investment?
BAT is unlikely to hit very high trading prices in the short term. However, it is a popular project with an enthusiastic and engaged user base. Most importantly, it has a fundamentally strong ecosystem with a real-world use case.
While the project will not explode and provide astronomical returns, it can be a good choice for stable returns in the long run.
The main benefit of BAT over other tokens is its specific use case and partnerships. The team’s intention is to create the best online advertising ecosystem which involves the user to the maximum extent.
Read more: Bitcoin Price Prediction
Should I Invest In BAT?
Your choice to invest in BAT depends on the returns you expect. If you want a short-term investment with high returns, BAT might not be the right choice for you at the moment. But if you are interested in investing for the long haul, BAT is a great project to back. BAT’s ecosystem is said to make massive changes to way we interact with information on the Internet.
Read more: Crypto Trading Strategies
One of the advantages of BAT is that you can earn it without spending any money. Downloading the Brave browser and opting into BAT rewards gives you an easy option to obtain more tokens.
You can now buy BAT on ZebPay. Trade confidently with ZebPay Singapore.
FAQs on Basic Attention Token Price Predicition
How is BAT price prediction done?
BAT price prediction is done by careful analysis of technical factors, fundamental factors, future upgrades of BAT and optimistic analysis of future global macroeconomic factors.
How Does the BAT token work?
BAT is the native token of the Brave Browser. The Brave ecosystem rewards users for watching Ads on its platform. Rewards are paid in BAT which can be used within the Brave ecosystem to make purchases. BAT can also be purchased on centralised and decentralised exchanges which enable ERC-20 tokens.
What will BAT be worth by the end of 2025?
An optimistic analysis predicts that BAT token value might touch the $1 mark by the end of 2025. This is an astronomical 488% rise in a span of 3 years. However, these factors are subject to macroeconomic factors, regulations and widespread acceptance of BAT and the Brave Browser.