BAT Tokens Three Whammy Hit

By Cje95 | Chronic Illness and Crypto | 4 Sep 2020


I've written quite a bit about the Brave Browser and BAT Token given the first whammy, the distribution cut, due to what I can only assume is advertisement cutbacks paired with the browser itself growth, and the need to distribute more tokens. The last couple of days crypto including the BAT Token has seen a massive massive pullback/correction which it might not bounce back from as quickly as one would hope. Adding to the technology sector having such a massive selloff going into the weekend. 

 

BAT second whammy was the big pullback in the price of the coin. I initially had hoped that the distribution cut would help support the tokens price however with the whole market pullback it has not worked out that way. After flying high and being worth ~$0.35 they have fallen now down to ~$0.26-0.27 and payouts are coming up. The good news is that the payouts are not until September 8th due to payouts falling on a weekend and Monday is Labor Day. Since I am unsure of how exactly the Brave team calculates the actual number of coins distributed this price crash could have profound impacts on how much the actual payout is. If the Brave team could keep the distributions at the previous levels in the $0.30-0.35 range. The distribution is going yo be much lower than expected. If it is adjusted for the pullback than Brave users could end up coming out ahead it will all depend on how the team decides to handle this. 

 

The last whammy is the US Dollar. Money has been cheap recently and that has really benefitted the crypto community. While money is still cheap and should be due to what the Fed's, US Federal Reserve, have done and said they will continue to the power of the dollar recently started to strengthen against other world currencies. This makes dollars more expensive and could hamper the BAT tokens as depending on how the Brave Team receives its ad revenue it could be in for a decline. The Dollar though is still near the lowest it has been in years but if this trend reverses Bitcoin could continue to fall thus dragging down the crypto market with it. 

 

Only time will tell how this will all shake out and the next 4-5 days will really tell us what we could expect from future payouts. The days of making $10 a month in BAT could be behind us and we might have to settle for much less but I hope not! I hope yall enjoyed this article and learned a little bit about the multiple issues facing BAT and what we could expect or not! Thanks for reading!

 

If you haven't previously downloaded the Brave Browser and would like to try it out here is my referral link! https://brave.com/cod116 

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Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_


Chronic Illness and Crypto
Chronic Illness and Crypto

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