While a vast majority of cryptocurrencies celebrate a third consecutive in the green, Basic Attention Token (BAT) has achieved much more, with the value of its token doubling under one month.
On October 11, BAT was being traded for around $0.156, fast-forward to November 5 and BAT tokens were exchanging hands as high as $0.3273. It took a blend of consistent growth and stability for the BAT tokens double under a month, remarkably, however, the majority of this process went unnoticed.
Basic Attention Token (BAT) in the Market Today
Despite the overall positive outlook of the crypto market today, Basic Attention Token is currently battling the bears. As at the time of this writing, BAT is trading at a deficit of 1.36% against the USD.
Today’s figures in the market put a stop to BAT’s impressive growth in the market.
Basic Attention Token is now trading at $0.30948, an improvement from yesterday’s lows. Thanks to its phenomenal performance over the last two months, Basic Attention Token is ranked as the 30th most valuable cryptocurrency with a market capitalization of $309.8 million.
Coinbase Pro Now Fully Supports Basic Attention Token
To add to the list of remarkable feats recorded in two months, on the 2nd of November, leading U.S based crypto exchange announced its listing of Basic Attention Token (BAT) along with full support on Coinbase Pro.
The listing of BAT on Coinbase has been expected for months, following Coinbase’s announcement in July this year that it was exploring the possibility of listing Basic Attention Token (BAT) along with four other digital assets (Cardano, Stellar Lumens, Zcash and 0x).
Following 0x’s listing in October, there was much speculation it would not take long before BAT is listed on Coinbase. As it is expected with being listed on Coinbase, the announcement caused a spike in the price of the Basic Attention Token (BAT).
However, BAT’s rally with the bull was not long-lived. Spiking by more than 30% on the day of its listing, the value of BAT dinked by more than 10% in the next 24 hours.
Can Basic Attention Token (BAT) Continue in this Form
The current form of BAT has drawn much attention towards the digital asset, with many questioning how long it can keep up its current performance, and if it would be able to retain most of the gains it raked up within a relatively short amount of time.
Looking at BAT’s upward journey, although it has faced sharp declines on some occasions, the token returns stronger. BAT dropped 10% shortly after its Coinbase listing, however, in the next 24 hours, the token had amassed gains of over 8.5% recovering most of its value.
While it is impossible to predict how long BAT will continue raking in the gains, the coin has shown immense strength along the way, something that would be pivotal for it to retain its accumulated gains.