Basic Attention Token (CCC:BAT-USD) is up nearly 25% in trading today. BAT-USD has been receiving increased investor attention in recent weeks following the launch of a Grayscale trust.
BAT-USD is a utility token built on the Ethereum (CCC:ETH-USD) blockchain and is the token underpinning the Brave web browser. Brave allows users to browse the internet anonymously and completely ad-free, but also allows for users to opt-in to watch ads in exchange for BAT-USD.
Publishers also get BAT-USD when users watch or click on ads on their sites. Advertisers benefit from lower overhead costs and higher engagement. And users get increased privacy without sacrificing the benefits of tailored advertisements.
On Wednesday, Brave published a roadmap update for Basic Attention Token. Highlights include partnering with Binance Smart Chain, an NFT launch and the creation of a native HD wallet keyring for Ethereum and Bitcoin (CCC:BTC-USD). Brave also introduced support for NFT purchases in February.
Grayscale launched a trust focused solely on Basic Attention Token in mid-March, alongside four other altcoin investment vehicles. Also in mid-March, the token was listed on Japan-based cryptocurrency exchange bitbank. Last week, the New York Times published an article on privacy-focused browsers where the writer said they liked Brave best.
Basic Attention Token (BAT-USD) Price Predictions
Currently trading at $1.59, what’s next for Brave? Here are some Basic Attention Token (BAT-USD) price predictions:
- Digital Coin Price has a Basic Attention Token (BAT-USD) price prediction of $2.40 by the end of 2021 and $3.41 by the end of 2023, with a five-year prediction of $5.57.
- Wallet Investor has a one-year forecast of $1.32 and a five-year forecast of $1.94 for Basic Attention Token.
- Trading Beasts has a Basic Attention Token (BAT-USD) price prediction of $1.50 by the end of October.
- RippleCoinNews says BAT-USD could hit $15 by the end of 2025.
- Captain Altcoin says BAT-USD could climb as high as $11 to $110 in 2023 given Brave and Basic Attention Token see strong and growing user adoption.
- In mid-March, FX Street said, “a breakout above the previous high of $1.379 will drive BAT towards $1.69… The next key point is the psychological level at $2 followed by $2.10.”
On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article.