It's no longer big news that all financial markets took a kick to the balls when COVID-19 struck the world.
Everything dumped, even gold. Although some dump harder than others.
Bitcoin dumped particularly hard, losing over 65% of it's value in just a few days.
While Bitcoin is on the road to recovery as we speak, it doesn't dispute the fact that most of the alts that dumped along with it are still in the shitter.
However, there is one that has recovered all of its value, and is on its way to making profits even.
You guessed it(or just read the title). BAT is that cryptocurrency.
BAT isn't known to be very volatile or have huge amounts of trading volume. It just has a very strong and loyal fan base, and these guys have managed to pump BAT back to its previous glory in less than 2 months.
Keep in mind that BAT lost more than 50% of its value in that fall.
Therefore, people who bought and held the bottom would have 50% profits in their bag right now. Cool no?
So how is it that BAT recovered its percentage losses quickly?
To be honest with you, there is no direct answer to this question.
BAT didn't do it in just a few candles. It took time, and generally went unnoticed.
However, this is proof to me that BAT is a great investment, as even Bitcoin is yet to recover to it's full value.
What does this recovery mean to you? Let me know down below.
Thanks for reading.