What is BAT?
Basic Attention Token (BAT) is issued by Brave browser, which is is a fast, open source, privacy-focused browser that blocks malvertisements, trackers, and contains a ledger system that anonymously captures user attention to accurately reward publishers. Brave Software CEO is Brendan Eich, the web pioneer that created the JavaScript programming language and co-founded Mozilla
Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users.
What's the future for Brave Browser and BAT tokens?
Well, BAT managed to raise $35 million in Less Than 30 seconds on 02nd June 2017 by some big whales as we all know!
Since then, BAT has been going down by 10%-15% day by day and as you can now see in the chart below, the market cap of BAT is now half of what is was on its peak time on 05th June when it was added to exchanges.
Now the question is how far can it drop before we can see a more stable trading on BAT?
What I think is now is a great time to buy this dip on BAT and go long for 1 year at a price target of $10 at market cap of $10 billion.
Until next time,
Rick