Context
The Basic Attestation Token, better known by its acronym "BAT", which is the cryptoactive of the Brave browser, was added in recent days to Coinbase (digital currency Exchange), so that users can negotiate with this cryptoactive easier through this platform; However, not everything is rosy when looking for comfort, so, this integration of BAT to Coinbase, has made the price of it will decrease exponentially.
Likewise, it should be emphasized that the announcement of this event was officially granted on November 8th. On the other hand, Coinbase customers can exchange and support without any inconvenience their other virtual currencies, such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC). , the famous Litecoin that is on the rise after the business with Facebook (LTC), and finally the new ZRX and USDC currencies.
The price drop that the BAT had, was shocking, as it went from being at 0.379 dollars, to be at 0.29 USD, reflecting a retraction greater than 10%, percentage speaking.
Among the main BAT exchange markets are: Binance, Bittrex, UpBit and Huobi, in which it is negotiated against pairs such as BTC, ETH and the Korean currency, known as WON.
Image of CoinMarketCap: Source
Buy or sell?
Months ago, we saw a movement in the market similar to the ETC and ZRX prices, as these increased their price due to various gossip or rumors that there was in the network with the entry of these to Coinbase, where this actually happened and its price decreased; However, this situation that occurs repeatedly in the market, stockbrokers call it "Buy the rumor, sell the news" (buy the rumors, sell the news), which happens when the price of some currency has a good projection , but as soon as it is integrated into an Exchange, its price goes down. Therefore, many decide to sell their crypto-active products to earn their investment again and not lose it in the future.
An example of this is the problem that ZRX experienced on October 11, where this currency saw an increase in its price after the activation of the deposits of this cryptoactive in the trading platform of this company, known as "Coinbase Pro" , arriving this way this currency to be worth near 0.82 dollars, so that later it was losing its value, until arriving at 0.72 dollars.
On the other hand, on August 16 of this year, the ETC, managed to reach a price of $ 14.55, so that after being added to Coinbase and RobinHood (Exchange of cryptocurrencies), it will lower its price to $ 9.
Finally, we must not forget that the BAT (Basic Attestation Token), is a virtual currency, which belongs to and forms part of the Brave browser, which decided to work and implement the use of the BAT, to remunerate content creators, advertisers and its users through different methodologies.
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