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ARTICLE SOURCE ��https://stockstelegraph.com/basic-attention-token-surging-amidst-brave-sol-collaboration/

Published on: November 10, 2021
Written by: Muskan

Basic Attention Token is one of the best performing tokens out of the top hundred coins. The cryptocurrency garnered an increase of 26% during the day while the weekly performance surged by 16%. As the new month started, BAT started surging upwards and has been performing well. However, a recent downturn is being observed as the cryptocurrency fell by nearly 4% during the daily timeframe while the daily trading volume has fallen by 33%. At the time of writing, the token stands at a price level of $1.16. Basic Attention Token stands at a market rank of #82.

What is Basic Attention Token?
Basic Attention Token powers a blockchain-based advertising platform. The platform works similar to any traditional advertising; however, by incorporating blockchain technology, it completely decentralizes the whole process. Decentralization ensures transparency and increased efficiency through the elimination of middlemen and intermediaries. The aim of the network is to fairly compensate users for their attention as well as providing a better return for advertisers.

The protocol runs on Brave Browser. Brave is a free and open-source browser developed by Brave Software Inc. which is centered around privacy. Brave automatically blocks out advertisers and website trackers through its default settings to ensure greater privacy for users. The Basic Attention Token’s platform ensures privacy-preserving advertisements on Brave. Since the protocol runs on Brave’s browser, the network is closely linked to the browser.

Why is the token surging?
Brave Browser and Solana recently announced a partnership which resulted in Basic Attention Token gaining the limelight with its phenomenal upward surge. Through the partnership, Brave will integrate Solana’s blockchain into its browser. This will result in the provision of Solana’s ecosystem support to all the active users of the Brave browser. Moreover, Brave is also planning on utilizing Solana’s capabilities for multi-chain interoperability.

Brave is aiming to facilitate the mass adoption of Web 3.0 through its offerings. The partnership between Brave and Solana will result in increased traffic on the Brave browser and as Basic Attention Token’s advertising platform runs on the Brave browser, the partnership will also result in boosting the activity on BAT’s platform.

The partnership between Brave and Solana and Brave’s ever-growing presence in the market indicates good things for the future of Basic Attention Token. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $1.41 in a year’s time while the five-year projection estimates a price of $3.128.

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Basic Attention Token: Not very brave #crypto #bat #basicattentiontoken #brave #bravebrowser #tierlist

The advertisement-focused basic attention token (BAT) soared higher in price today after a major technical break-out on the chart sparked a buying frenzy among traders. The token, which among other things is used to reward users in the privacy-centric internet browser Brave, rose by 21.7% over the past 24 hours, trading at a price of USD 1.59 at 10:20 UTC on Friday. The gains today positioned BAT as the day’s best-performing token among the top 100 cryptoassets by market capitalization by a relatively wide margin. The token, ranked as the 76th most valuable cryptoasset per CoinGecko, has also risen by 62.8% over the past 7 days, and 123.1% over the past month. The recent gains come after the Brave browser on November 16 announced the Brave Wallet, a crypto wallet integrated into the browser with no need for browser extensions installed. The wallet reportedly works with all Ethereum Virtual Machine (EVM) compatible chains, including Polygon (MATIC), xDai, Avalanche (AVAX), and others, as well as Layer-2 networks built on top of Ethereum (ETH). The current price gains are also notable from a technical analysis perspective, with today’s rise marking a major breakout above the token’s all-time high of USD 1.6498 from April this year. Moreover, today is also the first time since October 30 that BAT has traded above the USD 1.4 level, after a failed attempt at staying above that level back then. BAT has seen gains even as the rest of the crypto market has experienced selling, with for instance bitcoin (BTC) being down nearly 4% over the past 7 days.- BAT Outperforms Bitcoin, Ethereum on Uber, Amazon, HBO News- Basic Attention Token and BitTorrent Rise on Good News- Coinbase Acquires BRD to ‘Bring Decentralization’ to More People, BRD Skyrockets 724%- Cardano and Tron Fall as eToro Restricts Access for US Users

All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/basic-attention-token-best-performer-in-top-100-after-technical-breakout-new-wallet.htm

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