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Basic Attention Token [BAT] surges by over 9% in an hour, undergoes immediate correction

Namrata Shukla



Source: Pixabay

The cryptocurrency market had been keeping the crypto community on the edge of their seat. With great volatility, major cryptos like Bitcoin [BTC] had reached new milestones this week. Altcoins were not so far off in the race as Basic Attention Token [BAT] achieved a growth of over 9% in an hour on May 18.

Source: Trading view

Source: Trading view

According to the one-hour chart of BAT, the token noted a growth of 9.32% in an hour, after which it slipped further. According to CMC, the coin was valued at $0.3945 with a market cap of $497 million. The 23rd largest coin registered a 24-hour trading volume of $64 million as it noted a growth of 11.32% over the past day. Over the past seven days, the coin spiked by 9.77%.

The crypto-community was amused by the growth registered by the coin over the past few weeks. A Twitter user @Cyptolete1 exchanged his Ethereum [ETH] for BAT. The user said:

“just sold all my $ETH for a 1.5% loss and went all in on $BAT”

The sudden surge in the price of BAT can be attributed to Coinbase’s Earn project, where the users can earn crypto by learning. Along with that, the highly anticipated HTC phone Exodus 1 phone was revealed with an inbuilt feature for crypto-users to earn BAT.

BAT was highly traded on ZB.COM via the BAT/USDT pair as it noted a volume of $9.93 million. The second place was taken by Coinbit with a trading volume of $9.77 million via the BAT/KRW pair. The third place was taken by CoinBene as it reported a volume of 8.63 million via BAT/BTC pair.

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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind




XRP TipBot goes online after a tiny downtime
Source: Unsplash

XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.

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