Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Basic Attention Token (BAT) Price Spikes on Upbit Listing

Published 07/23/2018, 09:57 AM
Updated 07/23/2018, 10:00 AM
 Basic Attention Token (BAT) Price Spikes on Upbit Listing

Basic Attention Token (BAT) Price Spikes on Upbit Listing

Basic Attention Token (BAT (LON:BATS)) is having another field day, with a sudden appreciation, adding as much as $0.10 within minutes following a listing on Upbit. The listing coincides with the addition of AdToken (ADT) and AdEx (ADX), which also appreciated significantly.

https://twitter.com/pale_jack/status/1021330505940135936

The dramatic price moves saw BAT jump from $0.32 to $0.42 in less than half an hour on Monday morning (UTC) on a sudden increase in buying. Then it dropped to $0.37, and jumped again above $0.40, and then fell again to trade around $0.37 during the past hour.

Basic Attention Token is a blockchain-based digital advertising project aiming at a wider adoption of distributed ledger technologies, as well as a broader adoption of crypto assets and tokenization. BAT has a vast potential user base, and some believe its price may easily reach $2-$3 with wider adoption. But this is a long-term proposition, and BAT has not climbed above its peak of nearly $0.90, reached at the beginning of January.

Some see this asset as under-priced, potentially returning to its previous peak prices. BAT is also one of the digital assets selected by Coinbase for further explorations regarding a potential listing, though with no guarantees. Along with Stellar (XLM) and Cardano (ADA), BAT has had a strong week, but the new dramatic move is not directly related to Coinbase.

!BAT!

The Basic Attention project has recently increased its publicity by writing to all European Union member states on the issues of online confidentiality. Additionally, the project has been making the rounds on conferences, presenting at the Distributed2018 event over the weekend:

https://twitter.com/AttentionToken/status/1020131825052573697

The BAT digital asset has its most active market against Bitcoin (BTC), and the recent spike shows a significant appreciation up to 5,477 Satoshi, a level not seen since May. Upbit trading is even more active, leading the coin to the equivalent of $0.41.

The BAT token is available through the Shapeshift service, and can be held in the Exodus wallet - another factor making it popular. Despite the increased activity, the Shapeshift service has not deactivated the token.


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.