For the past few days Ethereum has climbed from $220-240 to $360, which is some 50% up since mid-May. During the same period, BAT has gone from $0.22-0.24 to $0.25. Which is quite weird, since BAT has historically been following Ethereum with some 92% correlation. One could easily predict the price movement of BAT by just looking at the price of ETH and dividing it by 1,000.
At current exchange rates, BAT should be at around $0.32-0.36, while at the same time ETH-BAT transaction volume/value in most decentralized exchanges is at all-time lows.
Has BAT lost steam, or it is going to boom within the next few days, while Ethereum price will be heading lower? What do you think?