Overview
Launched in 2017, Basic Attention Token is an Ethereum-based cryptocurrency that seeks to revolutionize the digital advertising industry by developing a blockchain-based digital advertising exchange that removes fraud. Basic Attention Token helps develop an advertising experience that offers free, decentralized, and transparency by benefiting both customers and clients. The same team that has developed BAT has created the Brave Browser that connects advertisers, users, and publishers that mutually benefits everybody. BAT is also regarded as a reward and offers better revenue for the users and publishers, which is less expensive for advertisers and offers stronger privacy.
History of BAT
The Basic Attention Token was developed in 2017, and it raised $35 million in less than a minute; it is considered one of the fastest ever sold ICO (initial coin offering). At that time, there was a controversy that around 130 people had bought this token, and half of the BAT token supply was purchased by only five people. The Brave software was launched in 2015 by the same team that had developed the Basic Attention Token.
Working of BAT
Brave is a privacy-focused, open-source browser that, by default, blocks unnecessary ads and trackers using brave shields. Anyone using Brave can turn on the ads feature, and they get paid in BAT for the time they have spent viewing the ad. Also, the users can directly tip their preferred content creators using the browser’s reward panel, or they can click the tip button given on the sites like Twitter, Reddit, and YouTube.
The progress so far
Brave browser’s native token is BAT, created by Co-founder of Mozilla & Firefox, Brendan Eich, is a blockchain-based system. It was developed to attract media user’s attention using a brave browser. BAT price has been constant throughout 2020 when compared with other cryptocurrencies whose value was fluctuating. But, the price dropped in a mid-March crash to $0.20 and after late July increased to $0.36.
Basic Attention Token Price Prediction 2021-2025
- Basic Attention Token ranks #62 according to coinmarketcap.com, and the current price is $1.49 with a 24-hour trading volume which is up by 6.9 % in the last 24 hours.
- Basic Attention Token prediction for 2021, as analyzed by experts, is forecasted to go up by $1.6 to $1.7, and the same range might continue till the end of 2021. Further, they expect the price to hit $1.8 to $2.
- Experts have analyzed BAT’s price prediction for 2022 that the same price might continue from the previous year’s closing, but they expect the price to increase to $2 in April 2022, and it might go down to $1.8. Also, they have predicted that the same trend might continue till the end of 2022.
- In the next 5 years, the forecasted price is expected to range between $2 to $2.7 till mid-2023 or towards the beginning of 2024. As per the experts, the price might continue to climb from $3 to $3.6 at the start of 2025. This trend might continue till the end of the year. However, if there is a bullish trend, the price might go above $4 and $5.
- You can also visit https://www.cryptonewsz.com/ to get the detailed analysis of Basic Attention Token Price Prediction for next five years.
Is it the right time to invest in BAT?
Basic Attention Token was created to pay for functionalities offered by Brave web browser. Brave browser, along with the BAT project, is impressive, and it solves problems in current digital advertising. Experts remark that investing in BAT is worthy, but immediate results cannot be expected as the cryptocurrency sector is prone to market fluctuations and volatility.
Final thoughts
To conclude, while launching its ICO, BAT attracted many investors’ interest; it had a very talented, successful, and experienced team that solves multiple issues in the digital advertising industry. It prevents fraud and offers an improved browsing experience for their customers by also serving creators and advertisers. The brave browser implements several beneficial features by blocking malicious advertising that targets users. Further, its native token BAT can be used as a long-term investment asset, as its price is expected to go up in the next 5 years.
