The past week has been very rough for most alternative currencies on the market . Even the Basic Attention Token price noted significant losses, albeit some of those have been negated today.
This small uptrend offers speculators and traders some hope as to seeing the BAT price return to $0.2 fairly soon. As long as the Brave ecosystem keeps growing, it seems plausible to assume that Basic Attention Token’s price will follow suit.
A Week of Declines
The Basic Attention Token price has gone through a terrible week. Despite having a value of $0.215 just a few days ago, the altcoin continued to lose value all week long. At its lowest point, recorded December 5th, the value dropped as low as $0.180967. A very big difference for those who bought at the top, but a golden opportunity for speculators buying the dip.
Slowly but surely, things have started to turn around for Basic Attention Token. Albeit there is still a 9.8% loss over the week, and a 26.5% decline in the past 30 days, today’s small uptrend is certainly interesting. It shows all markets may see some changes in a positive manner, albeit nothing is ever set in this volatile industry. Anything can and often will happen when one least expects it.
A Basic Attention Token Price Spike
Over the past 24 hours, the value of BAT has undergone prominent changes. Offsetting the losses sustained earlier is incredibly difficult. However, traders, investors, and speculators will be happy with today’s 2.42% increase. It pushes the Basic Attention Token price to $0.1906 again.
If this trend is to be sustained, a new push to $0.2 is not out of the question over the weekend. There appears to be ample trading volume to make something happen. With $25.75m in trades, the altcoin notes 10% of its total market cap in active volume.
As is often the case, most of the trading volume originates from BTC-based trading pairs. For BAT, those pairs can be found on Idcm, Coinbene, Latoken, Exrates, and Binance. It is unusual to see Binance so low on the list, but that is the lay of the land today.