Today we’re going to talk about BAT, one of the only ICO projects that’s still getting people excited. BAT stands for Basic Attention Token, and its creators are trying to reinvent the way we consume content. The question is, does BAT deserve your attention?
Basic Attention Token Fundamentals
At its heart, Basic Attention Token is designed to replace advertising revenue with a digital token. Instead of giving away your privacy to online trackers, users will be able to pay for content in cryptocurrency. Instead of ad revenue going straight to publishers, you’ll be able to choose which ads you want to see– and if you do want ads, you’ll get a share of the profits.
That’s still at an early stage, but the Basic Attention Token team is already well down the road. They’ve designed and built Brave, a web browser that automatically blocks most ads and allows websites to be tipped in BAT tokens. Brave already has millions of active users and thousands of verified publishers.
Brave already has millions of active users, and thousands of verified publishers, making it already a likely candidate for adoption.
Of course, there are still plenty of things that can go wrong, but Basic Attention Token received our highest ever assessment for any investment. You can read the full report, for free, on Crypto Briefing’s website. Now you might be asking, when is the best time to buy BAT? For that, let’s take a look at the token’s price action.
When’s the Best Time to Buy BAT versus Bitcoin?
Versus Bitcoin, the BAT/BTC pair has mostly been moving in a cyclic pattern, between the resistance level shown in green and the support level shown in purple. At the moment the pair is moving below the daily Ichimoku Cloud, approaching the pivot level shown in orange.
The future Ichimoku cloud is also bearish with all other five Ichimoku moving averages moving downwards. With that, we could see the price drop further to the median support levels before moving back up, which could give you an opportunity to buy BAT at a lower price. And here’s a disclaimer, I personally own some BAT along with other cryptocurrencies but you should only invest the money you can afford to lose in the crypto market. For more on risk management, please attend this free webinar.
I’d also like to hear from you and your thoughts on BAT. Once you’ve subscribed, head over to the comment section and let me know what you think of the DARE report’s assessment on BAT. Also, if you think BAT is a good buy, what price point are you planning to get in?
Remember that as the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio. Don’t forget to complete your risk management due-diligence before developing your investment strategy.