Basic Attention Token Price Prediction – Will BAT Price Hit $3 in 2021?

This Basic Attention Token (BAT) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our BAT price analysis and prediction.

The crypto industry was able to end the year 2021 gracefully despite the economic crisis brought by the CoronaVirus. As a result, investors from in and out of the crypto world are now closely monitoring various cryptocurrencies with potential. One of these tokens is the Basic Attention Token (BAT), a token that provides support for the advertising industry.

Moreover, the BAT network works with BRAVE, an internet browser that blocks ads and trackers. This partnership enables the BAT users to have a fast, free and secure web browser that prevents unknown cyber frauds. Surely, users of the network can browse with confidence without the fear of any cyber malicious acts.

Now that we’ve got some ideas about BAT, do you think BAT will be a profitable cryptocurrency this year? Let us find out together in this CoinQuora Basic Attention Token (BAT) price analysis and price prediction 2021. But before we go there, let us understand first, “what is Basic Attention Token (BAT)?”

What Is Basic Attention Token (BAT)?

Basic Attention Token (BAT) is an ERC20 token that runs on the Ethereum blockchain. More so, it is founded by Brendan Eich, the creator of JavaScript and Co-Founder of Mozilla. The platform aims to support the digital advertising industry and its publishers by eliminating the middleman and unnecessary ads. Hence, content creators and publishers earn more profit and revenue.

The BAT network has a total circulating supply of over 1.2 million BAT and a total supply of 1.5 billion BAT. Therefore, users of the network can massively use these tokens in exchange for BAT and BRAVE’s premium services.

Now that we are fully aware of “what is Basic Attention Token (BAT)?”, what are we waiting for? Let us now head to our BAT price analysis and prediction for 2021.

BAT Current Market Status

As of the time of writing this Basic Attention Token price analysis, BAT trades at $0.98 with a 24-hour trading volume of $408,964,129. The price of BAT has increased by 4.47% in the last 24 hours.

Furthermore, BAT has a current circulating supply of 1,492,816,441 BAT. Currently, the top cryptocurrency exchanges for BAT are Binance, OKEx, FTX, Huobi Global, and Upbit.

Now, let’s proceed to the next part of this BAT technical analysis for 2021.

Basic Attention Token (BAT) Price Analysis 2021

Currently, Basic Attention Token holds the 86th place on CoinGecko. But will the latest upgrades, developments, and changes in the BAT blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this BAT price prediction article.

The above daily frame chart shows the Ascending Channel pattern. This is a bullish pattern which is formed by joining higher highs and higher lows. Based on the graph above, BAT was able to defend its position well against the bears in the early days of the month.

In other words, BAT is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with BAT.

Conversely, if the bulls turn against the crypto, the price of BAT might fall. In short, BAT might break out from its uptrend position and nosedive to a bearish price. This pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline shows the start of a new bearish trend. In contrast, a breakout from the upper trendline signal indicates the beginning of a new bullish trend.

As shown above, at the beginning of this month, BAT turned from its bear to bull trend. This happens as the result of the high trade volume that occured in that period.

The Relative Strength Index (RSI) is close to 68, which means that BAT is nearly overbought state. Hence, this may lead to a price reversal at any given time. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of BAT.

Since the start of 2021, BAT’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, BAT has a competitive market this 2021.

Basic Attention Token (BAT) Price Prediction 2021

The chart below shows that Basic Attention Token has performed great over the past few days. Moreover, the BAT price surged 23% in the last 7 days. If this trend continues, BAT might run along with the bulls, overtaking its $1.61 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone BAT from its uptrend position. In simpler terms, the price of BAT might drop to almost $0.69, a bearish signal.

Meanwhile, our long-term BAT price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $1.65 this year. It will only happen if it breaks many previous psychological resistances.

Basic Attention Token (BAT) Price Prediction 2022

If this bullish trend continues, BAT will hit $4 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $4.5. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $4 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Basic Attention Token (BAT) Price Prediction 2023

If BAT holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $7, making it not plummet but play consistently.

Basic Attention Token (BAT) Price Prediction 2024

As per the latest upgrades, developments, BAT price prediction, and new project forecasts of the platform, BAT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of BAT in the crypto market, and it will be the best investment as the price can spike and reach around $10.

Basic Attention Token (BAT) Price Prediction 2025

In the next four years, BAT prices could race up to $15. In addition, reaching this level could not be so difficult for BAT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BAT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Basic Attention Token has a bright future ahead of it in 2021. With the ongoing developments happening within the BAT ecosystem, as well as in the overall crypto market, we may see BAT reach new heights.

Bullish BAT price prediction 2021 is $1.61. However, it may even reach $3 if investors have decided that BAT is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

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