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Highlights
- The BAT crypto is the native token of new-age digital advertising platform Brave
- BAT has gained well over the past 24 hours and the rise may continue if the project finds more takers
- BAT crypto’s price performance in 2021 is not dissimilar to that of Bitcoin
Highlights
One thing about the uncertain world of cryptocurrencies is that crypto tokens could create wealth for its backers over a short period.
Source: Pixabay.com
The BAT crypto is a token that has lately surged in value. Let’s find out more about BAT.
What is the BAT crypto?
Basic Attention Token is an advertising platform-linked token that claims to reward all its stakeholders. It is used within the Brave web browser, which uses the services of Ethereum’s blockchain network.
BAT Crypto promises to change Advertising - What’s its Price Prediction?
Over 12 million users access the Brave browser on a daily basis. The BAT token is used by advertisers that place ads on the platform. A share of its revenue goes to viewers that lend their attention to the ad.
The BAT crypto project claims to eliminate inefficiencies from the traditional ad world by leveraging blockchain technology. Brendan Eich, the co-founder of prominent browsers Mozilla and Firefox, is said to be behind the creation of the BAT crypto.
Is BAT crypto an investment to consider?
BAT or any other crypto’s returns depend on the timing of the investment. For example, Bitcoin was priced at nearly US$29,000 on January 1, but it rose to nearly US$65,000 by mid-April. The price fell to nearly half by July, and now one Bitcoin is worth US$68,000.
Also read: Is Bitcoin better than gold as hedge against high inflation?
The BAT crypto may be a good investment if the blockchain-powered advertising platform of Brave delivers on its promise to make the ad industry more efficient by weeding out frauds. If users find it worthwhile to get rewards for watching ads, the browser and its linked BAT crypto might both gain traction but there’s no telling for sure.
Also read: 7 Altcoins up over 1000% in 2021
What is BAT’s price prediction?
BAT was priced at nearly US$0.20 on January 1. By mid-April, BAT’s price reached over US$1.5. A slump followed and the price dropped to below US$0.5 in July.
This can be seen as a price movement that resembles the movement of Bitcoin. It is trading at nearly US$1.24 as of now and could cross US$2 by the end of 2021.
Also read: Can Bitcoin end 2021 with a price tag of $100,000?
Bottom line
The BAT crypto promises to bring efficiency to the advertising industry and reward stakeholders. If the Brave browser can find more takers in the coming months, the linked BAT crypto is likely to rise based on its increased use within the platform.
