Have you ever considered investing in BAT? This cryptocurrency is becoming more popular now, so it is understandable that many crypto investors are getting drawn to it. But is Basic Attention Token a good investment? And when is the best time to buy it?
Basic Attention Token Overview
Basic Attention Token (BAT) is a very specific cryptocurrency that has ramifications beyond just the crypto market. In 2021, BAT reached new highs and now crypto investors are asking ‘how much can Basic Attention Token be worth?’ Let’s recap why BAT is a top investment choice.
BAT Overview
| Cryptocurrency | Basic Attention Token |
|---|---|
| Ticker Symbol | BAT |
| Rank | 173 |
| Price | $0.32202200429394706 |
| Price Change 24h | 4.36% |
| Price Change 7d | 18.27% |
| Market cap | $481,634,901.84 |
| Circulating Supply | 1,495,658,356.953 |
| Trading Volume | $91,400,484.81 |
Getting straight to the point, Basic Attention Token’s prospects are looking pretty good right now. Here’s a quick look at some of the milestones BAT can reach in the run-up to 2030.
If you want to buy BAT quickly and easily, check out eToro!
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
BAT — A Coin For Digital Advertising
Basic Attention Token (BAT) is the utility token of Brave, a digital advertising platform that’s based on the Ethereum (ETH) blockchain and designed to democratise the world of online ads. This platform centres around the Brave browser — a search engine that automatically blocks adverts and keeps sensitive data secure.
There is a fixed total supply of 1.5 billion BAT, all of which is already in circulation. The smallest denomination of BAT is 0.000000000000000001 BAT (18 decimal places).
Some of Basic Attention Token’s rivals include:
What’s The Point Of Basic Attention Token?
The team behind Basic Attention Token believes that in its current state, digital advertising is failing not only users but publishers and advertisers.
They plan to improve digital ads by adding a monetising aspect that will reward users for their attention, content creators for the content (based on popularity) and provide advertisers with more coherent data.
Some of Basic Attention Token’s benefits include:
- Supported by the Brave browser, one of the fastest-growing alternatives to Google Chrome and Safari.
- As an ERC-20 token, it benefits from Ethereum’s security and updates.
- Can be earned passively and used to tip people online.
- Can potentially revolutionise digital ads by improving the relationship between creators and advertisers and viewers.
- One of the first coins to tackle digital ads with the aim of decentralising the web.
Read Also: 14 Reasons Why You Should Invest in BAT
Who Is Behind Basic Attention Token?
The senior team at Brave has excellent credentials. Founder Brendan Eich helped create the programming language JavaScript and the web browser Firefox. Other team members are alumni from some of the world’s biggest tech companies, including Microsoft and Intel.
What Is Basic Attention Token Used For?
Instead of being bombarded with ads, users can choose whether or not to view them. The available ads are stored in a Brave database that can be downloaded directly onto a user’s device. If a user chooses to look at an ad, they will be rewarded in BAT. This means they are paid for their attention online, hence the name of the crypto.
The advertisers themselves also use BAT tokens to pay for their advertising campaigns. Of the total pool, around 70% is distributed among users (people who view the ads) while the remaining portion is given back to the advertisers.
Who Uses Basic Attention Token?
When the Basic Attention Token was launched in March 2017, its record-breaking ICO (initial coin offering) raised a total of $35 million in less than one minute. One billion tokens were sold during the ICO, around half of which were bought by just five buyers.
Today, BAT has up to 16.2 million daily active users and 49 million active monthly users.
Technical Analysis Of Basic Attention Token’s (BAT) Price Movements
Basic Attention Token was first available via its ICO which took place on the 31st of May 2017 at $0.036 per BAT — a low it hasn’t returned to. A month later in June, CoinMarketCap began tracking the price of BAT where it traded at $0.1566.
Since then, Basic Attention Token’s lowest recorded price is $0.06621 on the 16th of July 2017 and its all-time high is $1.92, which it reached on the 28th of November 2021.
In 2021, Basic Attention Token started the year at $0.2051 and ended the year at $1.2089. BAT’s 52-week low is $0.4344.
BAT started 2022 at $1.29, but throughout the year due to the bearish market, the price was slowly declining to close the year at $0.165.
Basic Attention Token Price Chart
BAT/USD price chart. Source: Coinmarketcap
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Expert’s Take On Basic Attention Token Price Predictions
Experts across the internet have given generally favourable BAT price predictions.
Future price of the asset is predicted at $0.81919315889943 (228.993% ) after a year according to our prediction system.
Gov Capital
According to our current Basic Attention Token price prediction, the value of Basic Attention Token will increased by 216.93%, reaching $0.87 by end of 2025.
DigitalCoinPrice
The price of Basic Attention Token is predicted to reach at a minimum level of $0.56 in 2025. The Basic Attention Token price can reach a maximum level of $0.66 with the average price of $0.57 throughout 2025.
ICOcreed
Basic Attention Token has a price prediction of $0.3367 in over a years time.
Coinskid
Basic Attention Token price is forecast to reach a lowest possible level of $0.81 in 2025. As per our findings, the BAT price could reach a maximum possible level of $0.96 with the average forecast price of $0.83.
Price Prediction
The price of Basic Attention Token (BAT) in 2025 will be about $0.9565. As per the forecast and algorithmic analysis, the the price of 1 Basic Attention Token (BAT) will be around $1.8360 in 2028.
CryptoGround
Basic Attention is forecasted to be worth on average $0.28465987462751 by the beginning of 2024 (January). In the years that follow - 2025, 2026, 2027 the BAT price is predicted to be in January worth on average $0.42055504066444, $0.43824887366107, $0.51482944705818, respectively.
Trading Beasts
BAT was anticipated to touch a maximum price level of $0.89 by the end of 2025, according to analysts. On the other hand, it is highly optimistic that the Basic Attention Token's future will ultimately grow. Therefore, the predicted average price of BAT will be around $0.78 to $0.81 is expected in 2025 depending on the market.
Tech News Leader
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Basic Attention Token (BAT) Price Prediction: 2023-2030
According to the forecast, Basic Attention Token crypto is predicted to go up over the long term. The data predicted that BAT coin price is expected to rise to $0.44 by the end of 2023, $0.78 in 2025, and $2.03 in 2028. Basic Attention Token price prediction for 2030 is predicted to hit above $4 mark per coin.
Our Basic Attention Token price predictions for 2023 to 2030 are informed by several key factors.
The primary key factor that affects the price of any asset is the relationship between supply and demand. If the demand for a token is greater than the supply, the price will go up to reflect the rarity. If the supply is greater than the demand, the price will fall.
As we mentioned earlier in the article, there is a total supply of around 1.5 billion BAT tokens. Of these, one billion were sold during the ICO, and 500 million were purchased by just five different buyers. Because such a sizable percentage of BAT are held by a few individuals, this could potentially cause problems.
If one or more of the holders decide to sell a huge portion of their reserves, it could flood the market and cause the supply of tokens to be far greater than the demand. This would harm BAT’s price.
On top of that, the recent bull run has reminded us all that the price of Bitcoin can make or break the cryptocurrency market as a whole. Although Basic Attention Token isn’t a typical BTC competitor (as a utility token, it has a set of unique use cases), the asset has still gained and lost value in line with Bitcoin in 2021.
The price of Bitcoin began soaring in November 2020, and within months, most of the altcoins on the market were following suit. Then, when Elon Musk caused the price of Bitcoin to crash after announcing that Tesla would no longer accept BTC payments for its cars, the price of almost every other crypto plummeted overnight.
Basic Attention Token was no exception. Between April and May 2021, it lost almost half of its value as investor confidence crashed. But then in November 2021, as Bitcoin was once again on the rise, BAT reached an all-time high.
Our Basic Attention Token price predictions strongly suggest that BAT can make a good long-term investment. Here are our Basic Attention Token price predictions for 2023 to 2030.
Basic Attention Token (BAT) Price Prediction 2023
2023 will see the DeFi sector continue to expand into BAT, finding new ways to utilise the coin and build DeFi apps with it. By 2023, Basic Attention Token has an average target of $0.35.
As per our Basic Attention Token price prediction for 2023, we believe that the BAT coin will improve significantly and that it will rise further in 2023. While being cautious, we predict that the minimum price for the coin in 2023 will be $0.27 while the maximum price will be in the region of $0.44.
Basic Attention Token (BAT) Price Prediction 2024
Like much of the crypto market, Basic Attention Token will be greatly impacted by Bitcoin halvening. The BAT 2024 price prediction estimates that Basic Attention Token will reach a record high of $0.54 and can sink to a low of $0.32.
Basic Attention Token (BAT) Price Prediction 2025
By 2025, BAT price is expected to increase significantly compared to its current value. The token could trade at an average market price of $0.62 in 2025. Basic Attention Token’s expansion into the metaverse and NFTs will start to garner swaths of new users by 2025. BAT will be able to reach a high of $0.78 in 2025, according to our BAT price forecast. At the lowest, Basic Attention Token will be worth $0.46.
Basic Attention Token (BAT) Price Prediction 2026
The growing popularity of the Brave browser will see the adoption of BAT increase significantly by 2026. By 2026, the price of Basic Attention Token will touch $1 per coin. The maximum price of Basic Attention Token will be $1.20, and the minimum will be $0.57. The expected median price at the end of 2026 will be $0.88.
Basic Attention Token (BAT) Price Prediction 2027
2027 will be the year large financial institutions begin to buy up enormous quantities of BAT after it proves to be a solid investment. Our Basic Attention Token price prediction indicates that BAT will be worth an average of $1.13 for much of 2027. The price of BAT will fluctuate from an all-time high of $1.54 to a low of $0.72.
Basic Attention Token (BAT) Price Prediction 2028
Have you ever wondered what the price of the Basic Attention Token will be in the next five years?
We have every reason to believe that BAT will have a good year in 2028. Another Bitcoin halvening will create yet another bull market and the price of Basic Attention Token will explode.
If things should go as experts anticipate, based on their data and analytical methods, the minimum price of BAT in 2028 should be $1.16. It is also projected that the coin can record a high estimated price of $2.03. BAT will be worth $1.60 by the end of 2028, according to the average Basic Attention Token price prediction.
Basic Attention Token (BAT) Price Prediction 2029
In 2029, an increasing number of content creators and advertisers will join BAT’s ecosystem.
As per our Basic Attention Token (BAT) price forecast for 2029, the minimum price for the coin should be around $1.53 while the maximum price should be $2.52. The average price of BAT, according to our projections will be $2.02 in 2029.
Basic Attention Token (BAT) Price Prediction 2030
Smarter ways of utilising advertisements and monetising them will bring Basic Attention Token to higher highs in 2030.
As per our Basic Attention Token price prediction and forecast for 2030, it is expected to record a minimum price of $2.47 while the maximum price is expected to be $4.07. The average price per BAT coin is projected to be in the region of $3.27.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion: What Could Basic Attention Token Be Worth?
Taking it all into consideration, Basic Attention Token is positioned to do immensely well over the next eight or so years. That said, you should never assume that any investment is perfect — there are always a million and one ways a crypto can fall apart.
Basic Attention Token’s biggest pitfall is that it’s struggled to drive up adoption. Adoption of BAT is key to its success and the primary way it will grow in value. And so, BAT needs to work harder at appealing to new users. If it doesn’t, it could fail to compete against its rivals.
Elsewhere, crypto regulation will continue to loom over the market in the coming years. Though Basic Attention Token is arguably less exposed to the threats of crypto regulation, it could still have a detrimental impact if regulation is too strict.
Will Basic Attention Token (BAT) Go Up In 2023?
Yes, Basic Attention Token will go up in 2023 and it will hit a yearly high of $0.44. The price of Basic Attention Token is not expected to crash in 2023, as per our Basic Attention Token price prediction.
Will Basic Attention Token (BAT) Go Up In 2025?
Our Basic Attention Token price prediction is very bullish for 2025, calculating that BAT will achieve a high of $0.78.
Will Basic Attention Token (BAT) Hit $1?
Yes, Basic Attention Token will hit $1 again. BAT first surpassed $1 in 2021 and our Basic Attention Token price prediction estimates this will happen again by 2026 at the earliest.
Can Basic Attention Token (BAT) Reach $10?
According to Price Prediction, Basic Attention Token will reach $10 for the first time in 2032 where it could even reach a record price of $12.95.
What will Basic Attention Token be worth in the next five years?
The Basic Attention Token coin price prediction estimated that the price could move to $2 in five years.
eToro – The Best Platform To Buy BAT
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Other Crypto Price Predictions
FAQs Basic Attention Token Price Prediction
What Is Basic Attention Token Used For?
Basic Attention Token is used to more evenly distribute money gained from advertising campaigns between creators, advertisers, and viewers.
How Do I Earn Basic Attention Token?
You can earn Basic Attention Token simply by using the Brave browser when you view ads or as a content creator. You cannot earn Basic Attention Token by staking or mining as the entire supply is already in circulation.
Is BAT A Stablecoin?
No, BAT (Basic Attention Token) is not a stablecoin. It is a utility coin that can be just as volatile as any other cryptocurrency. Its price is not backed or pegged by fiat currency.
Will Basic Attention Token Rise?
Basic Attention Token is widely expected to rise in the run-up to 2030. Our Basic Attention Token price prediction expects BAT to rise in 2023 to an average of $0.35 and reach a price above $2 by 2028.
When Will Basic Attention Token Take Off?
After reaching prices above $1 in 2026, Basic Attention Token will take off in 2029, reaching a new all-time high of $2.52. Further highs are expected before 2030.
What Price Could Basic Attention Token Reach?
Based on the Basic Attention Token price prediction, an exponential increase is expected in the long term. The price of BAT can rise to $2.03, by 2028, which would mean a 700% increase in five years.
How High Will Basic Attention Token Go?
Price Prediction has so far given the highest estimate for Basic Attention Token. They believe that Basic Attention Token will rise to $12.95 at the highest in 2032.