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Basic Attention Token [BAT]: Ad Launch gains attention as prices hike by 7%

Namrata Shukla



Basic Attention Token [BAT] surges by 7% within an hour as community looks forward to the ads launch
Source: Pixabay

The cryptocurrency market has been fighting the bear and managing to register small-cap growth, however, Basic Attention Token [BAT] has been registering tremendous growth over the past few days.

Source: Trading view

Source: Trading view

At press time, BAT was valued at $0.4839, with a market cap of $604 million. The 24-hour trading volume of the coin was $131 million as it noted a surge in its price by 22.98% over the past day. In the past seven days, BAT rose by 51.70% and continued the upward trend by 7.17%.

Basic Attention Token is based on entertainment and it can be obtained through a variety of advertising and attention-based services on its platform. The platform recently announced that they were going to launch ads on its platform and retweeted AdMonsters’ tweet that:

“Somewhere along the way, as marketers and advertisers, we lost focus of the key value that advertising brings to the market,” says @lukemulks @brave #web3 powered by #blockchain might be how we get it back.”

The launch expected to take place by the end of April leading many crypto enthusiasts to even switch cryptos. Twitter user @tonygreene113 said:

“I’m cashing out my $STEEM for more $BAT”

The exchnage to note the highest trading volume of BAT, according to CoinMarketCap was Binance with $28.20 million with BAT/BTC pair. ZB.COM took the second place as it registered a trading volume of $14.38 million with BAT/USDT pair. Binance, in the third place, reported a trading volume of $9.72 million with BAT/USDT pair.

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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.