While most of the popular cryptocurrencies drowned in the bearish waters, one managed to stay afloat. Basic Attention Token [BAT] has now emerged to be one of the biggest gainers in the bear market, posting a growth of 15.69% in the last 24 hours alone.
At the time of writing, BAT was trading at $0.27 with a market cap of $272 million. BAT has surged by 57.5% in the past 7 days, making it the biggest gainer in the top 50 cryptocurrencies.
The token’s meteoric rise over the last 24 hours started with the price at $0.23. The series of hikes undertaken by coin has now left its trading price close to the $0.27 mark.
Last week saw a steady increase in BAT’s price, starting at $0.17 on 15th October to $0.21 on 17th October. The price was at a constant of $0.20-$0.21 from 18th to 20th October, after which it moved up to $0.23.
The token saw a hike on 19th October post the announcement of the new Brave desktop browser, which included features set to increase the utility value of the token.
Even as the price remained stable, BAT saw prominent hikes in the volume between 17th-18th October and 19th-20th October. The first spike was from 5.26 million to 26.83 million and then from 5.58 million to 28.05 million.
The comes after the news of BAT being chosen as one of the coins to be reviewed for listing on Coinbase, which may have fueled the upward momentum over the week. Another coin that saw the effect of the bull over the week due to Coinbase was 0x, which saw a growth of 21% over the same time frame.
Subscribe to AMBCrypto’s Newsletter
Bitcoin SV’s roller coaster price market, R3’s new partnership and more
Crypto News – 22 May – BSV’s roller coaster price market, R3’s new partnership and more
— AMBCrypto (@CryptoAmb) May 22, 2019
Crypto News – 22 May
Ethereum Foundation’s latest update: Ethereum Foundation released a blogpost, highlighting its allocation of funds for the present and future development of the Ethereum network
Read more at https://bit.ly/2wcDJp9
Israel court makes landmark ruling: An Israeli court classified the world’s largest cryptocurrency as an asset, and not as a currency
Read more at https://bit.ly/2JTrJAW
New chapter for Ripple: Ripple’s Pat Thelen was elected onto the U.S Faster Payments Council’s Board of Directors
Read more at https://bit.ly/2YJCr1b
Craig Wright gets attacked, again: The latest crypto-proponent to attack Wright was Monero’s Ricardo Spagni, who called Wright ‘so dumb,’ and attacked his legal credentials
Read more at https://bit.ly/2EBvtnx
CryptoCompare exchange review: Bitcoin [BTC] to USDT market share fell for the first time in 6 months post-Bitfinex fiasco, the report found
Read more at https://bit.ly/2WZfnuX
Ron Paul on crypto-ban: Former Congressman Ron Paul is in the news after he claimed that Bitcoin [BTC] and crypto-ban was highly unlikely as US Dollar will self-destruct
Read more at https://bit.ly/2WrgjLL
Bitfinex launches Tokinex: Bitfinex announced its collaboration with a hybrid Ethereum-based trading platform, Ethfinex, to launch an Initial Exchange Offering [IEO] platform, Tokinex
Read more at https://bit.ly/2HJ27UH
Subscribe to AMBCrypto’s Newsletter
Tron, Binance and Huobi celebrate Bitcoin Pizza Day
Bitcoin [BTC] fails to witness improved transaction rates despite surging by 32% over 30 days
Cardano’s Charles Hoskinson confirms ‘blockchain in a box’ approach for Testnets’ assessments
Bitcoin Cash’s [BCH] Roger Ver: Kudos to those who hijacked original BTC and made it expensive, complicated
Ethereum network improves daily transaction numbers and Gas consumption; outperforms Bitcoin over 90 days
Tron [TRX] announces future trading on OKEx platform from May 20
Bitcoin’s [BTC] Lightning Network is awesome, says Blockstream’s Samson Mow
Tron [TRX]: Justin Sun short-changes new winner; awards USD equivalent instead of a Tesla
Crypto is replacing the US Dollar and no one seems to be noticing, claims prominent investor Robert Kiyosaki
Coinbase extends XRP trading access to New York users; coin pumps by 22%
Game of Thrones ignites barrage of Bitcoin [BTC] bets on who will take the ‘Iron Throne’
Cryptopia: Stolen Ethereum transferred to unknown wallet days after exchange confirms liquidation
Bitcoin [BTC], Litecoin [LTC] can be transacted on Whatsapp, announces Zulu Republic as security concerns remain
Cryptopia hack: Stolen Ethereum, ERC20 tokens land up in ‘major cryptocurrency exchanges’