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Basic Attention Token [BAT] pumps by 180% in less than two months

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Basic Attention Token [BAT] pumps by 180% in less than two months
Source: Unsplash

Basic Attention Token has had a tremendous start to 2019 as its prices pumped by a massive 180% since February 02, 2019.

At press time, the price of BAT was $0.2641 and the coin held a market cap of $329 million. The trade volume of BAT in the 24-hour time frame was $42 million. Binance contributed 32.40% of the trading volume via the BAT/BTC trading pair. Coinbase Pro contributed 7% of the total trading volume of the altcoin.

Source: Trading View

The chart attached below, collated by CoinMarketCap, shows the price movement of BAT over the past seven days.

Source: CoinMarketCap

The pump in the coin’s price was speculated to be due to the recent AMA by BAT’s CFO, Holli Bohren, that took place on Reddit. In the AMA, Holli Bohern answered various questions, with the most popular one being about BAT’s “successful exit”.

Speaking about BAT’s successful exit, Bohren said:

“In Brave’s case, it is unlikely a buyer would overlook the BAT ecosystem and the UGP, and any exit involving an acquisition would (by design) bind the acquirer to Brave’s brand values and to BAT’s economics going to large scale. Any dismal exit would not be good for either equity investor or BAT holders. Go big or go home!”

She added:



“Brave has a large UGP (300M) sufficient to fund well beyond the launch of ads. The sale structure including genesis block structure was publicized on https://basicattentiontoken.org in blog posts, and then made public via smart contracts on Ethereum. The Public ledger is public.”

A Twitter user, @bula_naboo, commented:

“I wanna thank everyone who works so hard on bat I know you guys are knocking em dead thank you thank you.”

Another Twitter user, @RWMichaels92779, commented:

“BAT would be a perfect partner for @Tronfoundation and @BitTorrent with what they are building.”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Altcoins

Tron [TRX] DApps surpass Ethereum, EOS in terms of weekly active and new users

Namrata Shukla

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Tron [TRX] DApps surpass Ethereum and EOS in terms of Weekly active and new users
Source: Pixabay

Tron [TRX], the eleventh largest coin on CoinMarketCap, has been crossing new milestones recently, with its block height and partnerships. Despite the coin performing rather poorly in a relatively bullish market, its adoption and the popularity of its DApps have made Tron lead the DApps market.

Tron’s popular proponent, Misha Lederman, shared with the community Tron’s recent achievement. Compared to Ethereum [ETH] and EOS, Tron registered a higher number of new users and active users. It noted 60k new users, while Ethereum reported 25K and EOS reported 9k. The active users on Tron’s DApps platform were 172k, followed by EOS with 170k and ETH with 54k.

Lederman in his tweet commented,

“#TRON growing fastest in terms of new users among Top 3 platforms:
New Users:
TRON 60K; #ETH 25K; #EOS 9K
Active Users:
TRON 172K; EOS 170K; ETH 54K”

Source: Twitter

Source: Twitter

He added that BitTorrent Speed’s launch in Q2 would provide Tron and BitTorrent users with BTT as an incentive for seeding, which might lead to a growth in the user base of TRX and BTT.



Source: Twitter

Source: Twitter

According to Tron foundation and BitTorrent CEO Justin Sun, TRX will make its way into the top 10 by the end of June, whereas BTT will be a part of top 30 by Q2. However, Tron’s current market cap is $1.87 billion, whereas Cardano [ADA] on the tenth position reported a market cap of $2.12 billion.

At press time, Tron was valued at $0.0279, with a market cap of $1.87 billion. The 24-hour trading volume of the coin was noted to be $664 million, as it fell by 2.80% in a day. TRX managed to register 12.60% growth over the past seven days. However, it fell by 0.53% in an hour.





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