The Basic Attention Token (BAT) uses the Ethereum Blockchain and it`s Brave Browser, a specialized web browser that hosts BAT as a native currency with access to a variety of advertising services.
BATs are designed for the exchange between users, advertisers and publishers. They enable advertising companies to commercialize user attention.
The BAT team plans to introduce digital advertising into the cryptocurrency era to address alleged failures in status quo marketing practices and to help advertisers with improved demographic targeting and content delivery tools. BAT keeps track of how users interact with advertising content and stores this data in a distributed ledger to ensure that consumers receive less irrelevant advertising.
Market forecast for BAT in 2020
Because the market is completely unpredictable, cryptocurrency price prediction is more of a gamble and a gamble than a data-driven estimate. Let's take a look at the outstanding publications and personalities and their predictions about the BAT price, which will give us a different perspective:
Walletinvestor is a popular website that makes technical analysis-based price predictions of various cryptocurrencies and has traditionally been skeptical of most coins. It is expected that BAT will drop sharply to 0.09$ per token in a year.
Trading Beasts show that BAT can rise around 0.25$ within a year, which means that it will essentially trade sideways the next year.
Cryptoground predicts that BAT could hover around the current level and reach 0.30$ by the end of 2020. They even added their version of the BAT price forecast 2024, stating that the BAT could reach 0.91$ by 2024, an increase of four times the current price.
Digitalcoinprice made a neutral prediction that by the end of 2020 BAT could be worth the same amount of dollars as it is today - about 0.21$ per token.
My forecast for BAT in 2020
The majority of the projects will fail - some startups will only be created to raise money and disappear, others will not be able to get the competition under control, but most are just ideas that look good on paper, but in reality, are useless for the market.
"There are some good ideas, there are many very bad ideas, and there are many very, very bad ideas, and there are also many scams."
This is what Vitalik Buterin, co-founder of Ethereum, says.
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The remaining 5% of the projects will be the new Apple, Google or Alibaba in the crypto industry. Will BAT be in this 5%?
BAT is a unique project that builds on the Ethereum blockchain and addresses a major problem in one of the largest digital sectors - digital advertising. The project increases the efficiency of digital advertising, blocks ads and trackers.
The team behind BAT is one of the strongest in the entire cryptocurrency industry with highly relevant experience. In addition, the BAT ecosystem is very active, for example, the project has a broad network of users, publishers, advertisers and partners.
BAT's token economy is pretty solid and the roadmap is detailed and transparent.
BAT enjoys a first-mover advantage in its niche and has significant opportunities to dominate the advertising market due to competition from emerging blockchain projects. In addition, BAT can also take a bite out of the market from traditional industrial companies.
However, not everything is milk and honey, as there is a possible scalability problem that can affect the development of the project in the long run.
BAT remains very vulnerable to unfavorable market conditions; the token price is moderately volatile.
All of this means one thing: BAT could survive a few orchestrated pumps that are completely unpredictable for a normal trader, but the majority of the time will be a cloudy, sideways trade with low volume and no significant market interest.
The price depends heavily on what BTC will do. The price is likely to stagnate and experience a slower devaluation or appreciation depending on team activity, potential technological breakthrough, or high-level partnership.
The Future BAT from 2020 to 2025
BAT price forecast 2020
Basic Attention Token (BAT) was one of the fastest-selling ICOs during the 2017 ICO hype, which spawned thousands of new coins. Unlike many other vaporware projects, however, the BAT team continued to work on their product and the project seems to have a solid future, although until recently it was largely unknown to the wider crypto community. In 2020, once the market wiped out the worthless projects, BAT could move into the spotlight and reach the 10 best coin ranks, which could lead to the BAT token price rising to its all-time high of $ 0.86 per coin.
BAT price forecast 2023
If BAT 2023 survives, it would mean that the project has stood the test of time and user acceptance is increasing, which would result in the token being worth at least 10-100 times its all-time high so far. That would mean that BAT would cost $ 8-80 per coin.
BAT price prediction 2025
Even if BAT 2025 survives, it would mean that the project has proven itself and user acceptance is increasing, which would result in the token being at least 100x + more valuable than its all-time high so far. That would mean that BAT would cost $ 80 + per coin.
Where can I trade Basic Attention Token (BAT)?
Basic Attention Token (BAT) is one of the best known and most established cryptocurrencies on the market. I recommend Coinbase to buy and manage your Basic Attention Token (BAT). You can also simply earn some BAT just by using the Brave Browser.
I hope I could provide you with some useful information.
Thank you for following my blog and thank you for reading, liking and tipping! I appreciate your support!