BAT has dropped a lot of weight lately.
After following in Bitcoin's steps to establish a $0.25 new high for the month, BAT has been corrected by the market to a brand new low for the year. This low is at $0.19 down from $0.22
This is a prime time for me to accumulate some BAT tokens with some of my spare USDT.
(Notice I said 'me'. This isn't financial advice guys! DYOR before buying any securities after reading this post).
My reason? Because I'm trying to accumulate as many BAT tokens as possible before Bitcoin's halving comes to play.
You see, the price of BAT is connected strongly to that of Bitcoin. In fact, they move almost the same percentage up and down!
I am a strong believer that Bitcoin will establish a brand new high after it's halving occurs. And if it does, so will BAT.
I am also a strong believer that BAT will moon this year. There are a lot of reasons why I think so, but my major reason is because of the new features that Brave will introduce this year, as well as the fact that more people have started going the Brave browser way instead of using Chrome.
Also, BAT conversions to BTC on Changelly have spiked even more, reaching a new daily high of 1.5BTC worth of BAT being transacted just yesterday. This is a sign that the market is oversold, and it is time for me to buy.
Again, this isn't financial advice guys. Look at your prospects personally before buying anything, and don't make decisions with your hard earned money based off of my ideas in this post.
What do you think? Tell me down below!