Basic Attention Token Price Prediction 2023-2030: Will BAT Reach $1 Soon?

• Bullish BAT’s price prediction ranges from $0.8349 to $0.9148.
• BAT’s price might also reach $1 this 2023.
• BAT’s bearish market price prediction for 2023 is $0.1570.

The Internet has been filled with various potential threats at every corner such as hackers, lack of privacy, risk of being spied on, and annoying pop-up ads. Users across the globe have demanded a new brand of web browsers that would have the individuals’ best interests in their hearts. Like a courageous knight, Brave fearlessly embraced this challenge with open arms and decided to meet the communities demand.

Brave, with a mission to protect users’ privacy, has developed a suite of internet privacy tools such as its free and open-source web browser and search engine. Brave’s native token, Basic Attention Token aka BAT acts as an Ethereum-based utility token that is used as a unit of reward between advertisers, publishers, and users. Moreover, BAT helps in powering up its blockchain-based digital advertising and services platform. 

While it is evident that BAT is a utility token and can be used as a means to obtain services in the platform, the altcoins price forecast remains to be a mystery. Before we analyze BAT’s current price and forecast the altcoin’s value for the years 2023, 2024, 2025, 2026, and up to 2050, let’s initially grasp the concept of BAT and its ecosystem. 

Basic Attention Token (BAT) Market Overview

What is Basic Attention Token (BAT)?

The Basic Attention Token (BAT), as described on the website, is a utility token based on the Ethereum network that can be used as a unit of reward between advertisers, publishers, and users within its new blockchain-based digital advertising and services platform. Moreover, the team explained that BAT will be used as a means to obtain services and conduct transactions on the BAT platform. 

Moreover, Brave is a privacy-focused open-source web browser and one of the products developed by Brave Software Inc. By default, Brave shields users from ads, trackers, and risks that exist within the Internet. Apart from the Brave browser, the team also offers many solutions and features such as Brave Search, Brave Wallet, Brave Talk, Brave News, Brave Playlist, and more. Currently, Brave reported that they have 57.27 million active users and 22.06 million daily active users. 

Among the many features offered within the Brave browser, Brave Rewards enables users to earn BATs as rewards, and at the same time, they can send “tips” to the sites they visit. Users can turn on the Brave Ads to earn BAT based on the attention they give to the ads. Once the users view the ads on the Brave Browser, they receive BAT tokens at the end of the month. The team also mentions that Brave Rewards uses an “anonymous contribution system.”

Brave search is another innovative solution created by the team claiming it to be “the real alternative to Google.” One of the key features of Brave Search is that it allows users to experience a private, independent, and transparent search engine. Moreover, they highlight that “users can search without a trace” using the Brave Search engine. 

Analysts’ View on Basic Attention Token (BAT)

One crypto analyst called DonAlt took to Twitter to share his favorite altcoin list which includes, ETH, LTC, and BAT. This is one of the indications that BAT has become a favorite token for some crypto analysts. 

The co-founder of Gemini, Tyler Winklevoss indicated to the crypto community that trading BAT on Gemini is part of their initiative to build a “better Internet.” 

Moreover, Ben Armstrong, a crypto analyst, highlighted that BAT, along with BTC, XRP, ADA, and ETH, is part of the “2017 essential crypto portfolio.” This also confirms BAT has become a significant token in the crypto industry.

Basic Attention Token (BAT) Current Market Status

BAT is currently priced at $0.2918 experiencing a 0.49% fall in just 24 hours. Moreover, BAT is ranked in the 102nd position based on CoinMarketCap’s Market Cap ranking with a market cap of $327,378,421 and experienced a 3.56% in just one day. BAT’s trading volume is valued at $12,128,745, experiencing a surge of 25.37% in just 24 hours, indicating that the trader’s demand for the altcoin is rising. BAT has a circulating supply of 1,489,010,445 BAT, while its maximum supply is 1,500,000,000. 

Moreover, BAT reported that there are currently 22.1 million daily active users over the last 30 days. The team also reported that there are 10.6 million BAT wallets and 4.03 million on-chain transactions have taken place.

BAT can be exchanged on many exchanges such as Binance, KuCoin, OKX, ByBit, Gate.io, and MEXC.

Basic Attention Token (BAT) Price Analysis 2023 

It is clear that the Basic Attention Token plays a vital role in the Brave platform and BAT is mostly considered a utility token rather than a security. Moreover, BAT is constantly developing, however, will these developments, collaborations, and upgrades increase the altcoin’s prices? Will the transformations and trend shifts in the digital advertising industry affect BAT’s prices?

Basic Attention Token (BAT) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

Looking at the chart, BAT is currently facing a downtrend as it is trading in the bottom half of the Bollinger Bands. Moreover, BAT’s market volatility has started to reduce since 2022. Currently, BAT only experiences a slightly increased volatility as the bands hardly expand. Compared to its past market sentiment, BAT is relatively experiencing low volatility, so the trend reversal that may happen would be hardly different from its previous position.

However, if BAT observes a similar market sentiment in the past, there is a high chance that the altcoin start trading upwards. During its rising trajectory, there is a high chance that BAT could form new resistance as it starts forming new higher highs.  

Basic Attention Token (BAT) Price Analysis – Relative Strength Index 

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.

The RSI is valued at 38.68, which is considered a weak trend by most traders as it is valued between 50 and 30. However, RSI crossed above the SMA and pointed upwards, indicating that BAT could continue moving upwards. With its current trajectory, there is a high chance that BAT start experiencing a strong trend as the RSI enters in the region of 50 and 70. 

However, if the RSI makes a quick turn in its current trajectory, then, BAT could fall into the oversold region.  

Basic Attention Token (BAT) Price Analysis – Moving Average

The Moving Averages have recently crossed and formed a golden cross as the 50MA went above the 200MA. However, after the formation of the golden cross, there is hardly any distance between the 200MA and the 50MA, indicating that a trend reversal could happen soon. Currently, the candlesticks are trading below the MA indicators, indicating that BAT is facing a downtrend. Since the distance between the 50MA and the 200MA is narrow, there is a high possibility that the candlesticks could climb up above the indicators, thus signaling the start of an uptrend.

BAT Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

Looking at the charts, BAT volatility has reduced, while observing minor surges and falls along the way. Currently, the MACD line is below the signal line, indicating that BAT is facing a downtrend. However, the MACD line has touched the signal line recently. Observing the previous patterns, when the MACD line touched the signal line at the Recovery Points, it went above the signal line, indicating the bullish trend has arrived. Similarly, there is a high possibility that BAT could continue to move upward after its recovery point.

Basic Attention Token (BAT) Price Prediction 2023 – 2030 Overview

Basic Attention Token (BAT) Price Prediction 2023

Looking at the chart, the candlesticks is currently trading in between the Resistance and Support. Moreover, BAT is trading closer to the Support region. However, indicators claim that BAT could experience a bullish trend soon as they point out that the candlesticks are near the recovery point. This can be seen in the MACD indicator as the MACD line touched the signal line, which is the recovery point. The candlesticks are trading below the 200MA, which is often considered a bearish sign. However, since the candlesticks are trading close to the 200MA, there is a high possibility that BAT could climb above the indicator. 

The indicator also shows that BAT is experiencing a similar behavior in the past, where the altcoin touched the recovery point and went upwards. The ADX is valued at 20.81, which is considered that the trend strength is weak. However, looking at the indicator’s past behavior, ADX would experience quick reversals and would go upwards. Ultimately, there is a high chance that BAT would start climbing upward soon.

Meanwhile, our price prediction for BAT remains to be bullish with expectations of future upgrades and developments. The bullish price prediction for BAT ranges from $0.8349 to $0.9148. Moreover, BAT could also reach $1 by 2023, if it experiences an extremely bullish sentiment. However, BAT’s bearish price prediction ranges from $0.0815 to $0.1570.

Basic Attention Token (BAT) Price Prediction – Resistance and Support Levels

Looking at the chart, the candlesticks are currently trading between the Resistance 1 and Support. The Area between Resistance 1 and Resistance 2 is considered a bullish area and has a potential for BAT to trade in its bullish price prediction range between $0.8349 and $0.9148. If BAT breakthrough the boundaries of Resistance 2, then, BAT would reach the extremely bullish area. Once BAT reaches the extremely bullish area, the candlesticks could reach $1. 

After BAT breakthrough the Resistance 3, then, the altcoin could experience a gradual upward movement reaching the Resistance 5 level at 1.5911. When BAT trades between Resistance 6 and Resistance 5, the altcoin has the potential to form new Resistance levels and new All-Time Highs.

Basic Attention Token (BAT) Price Prediction 2024

It is important to note that Traders’ are speculating that 2024 could be a crucial bullish year for Bitcoins and altcoins. For instance, the BTC halving is one of the most anticipated events by traders and crypto analysts. The BTC halving event could drive the prices of Bitcoin upwards, and altcoins, like BAT, could experience a similar upward movement. 

There would be many other factors that could also affect BAT’s price momentum such as the technological development within its ecosystem, news related to Brave, the public’s opinion on BAT, traders’ emotions, market adoption, and industries towards the projects’ goals and tokens. 

The crypto community also believes that the events from the regulatory sector could affect the price of the crypto industries. For instance, positive regulations like providing clear set guidelines could drive the prices upward and negative regulations such as strict bans could affect the price negatively. 

Basic Attention Token (BAT) Price Prediction 2025

BTC’s halving event could send ripples across the digital asset industry and traders also speculate that the prices for altcoins could continue to move upwards. Moreover, the after-effects of the industry could continue to prevail for many altcoins including BAT, which could drive the price upwards. Similarly, BAT would experience a bullish sentiment due to the after-effects of the BTC halving. 

Basic Attention Token (BAT) Price Prediction 2026

Normally, traders expect that after a bull run, digital assets would experience a bearish sentiment. BAT, along with many other altcoins, could face a fall this year. 

Moreover, it is expected that after two years of bullish sentiment, the prices would become jacked up and enter the overbought region. It is expected that a price correction would happen after a certain digital asset has entered the overbought region.

Alike many altcoins, there is a possibility that BAT could experience a similar price correction and it is expected that 2026 would be a bear season. Since traders would be expecting a bearish season, there is also a high chance that they would sell their digital assets, which could further drive the price downwards

Basic Attention Token (BAT) Price Prediction 2027

After experiencing a bearish market, it is expected that BAT could witness a slight surge. Moreover, there is a high possibility for BAT to fall into the oversold region during the reign of the bears.

Hence, it is expected that another price correction could happen, which would pull BAT out of the oversold region. This year could be considered a recovery period for many altcoins, including BAT and there could be slight surges, during this period.

Basic Attention Token (BAT) Price Prediction 2028

The crypto community will be eagerly waiting for this year, expecting another Bitcoin halving event this year. Earlier, it has been observed that the altcoins price is also affected by Bitcoin halving. When the king of crypto experiences an uptrend, there is a high possibility that altcoins would follow BTC’s steps. 

Similarly, there is a high chance that investors could feel bullish for BAT, which could drive the price upwards. Furthermore, BAT’s technological development within the ecosystem could also affect the altcoins price positively. 

Basic Attention Token (BAT) Price Prediction 2029

After experiencing a bullish season after the BTC halving, the altcoin would still experience a surge. Moreover, BAT would also experience a similar effect in 2029 due to the aftermath of the BTC halving event. The crypto community also believes that the digital asset industry would become much more stable, thus, increasing the chances for the surge.  

Basic Attention Token (BAT) Price Prediction 2030

There is a high chance that BAT could have entered the overbought region during its two years of bull season. Moreover, BAT would experience a fall as the prices could face a price correction due to its entry into the overbought region. It is also expected that during the price correction, BAT could move sideways and may also face a fall as new sellers enter the market.

Basic Attention Token (BAT) Price Prediction 2040

It is expected that BAT could create new all-time Highs and new resistance levels after a long time. Moreover, it is expected that HODLERs of BAT would be looking forward to selling some of their assets this year, in return for profits. Although it is expected that BAT could continue to move upwards, the altcoin could also experience. 

Basic Attention Token (BAT) Price Prediction 2050

After a long period of time, the crypto community believes that there will be widespread adoption of cryptocurrencies. Moreover, there will be a huge uptrend observed for many cryptos as each project continues to revolutionize various industries. There is a chance that Brave could continue to develop new technology and developments in the hopes of transforming the industries.

Conclusion

In conclusion, BAT has the potential to become one of the most prominent altcoins of the digital asset industry due to its status as a utility token. Moreover, the continuous development and upgrades of the Brave ecosystem could drive the price upwards. BAT’s bullish price prediction shows that it could pass beyond the levels of  $0.9148. Meanwhile, BAT has the potential to reach the $28 level by 2050 if investors and trade analysts continue to show their interest.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and affiliates will not be held liable for direct damage or loss.

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