Basic Attention Token [BAT] holders are in profit, thanks to these factors
Basic Attention Token [BAT]
Modified Date:- Published Date:-Categories: Cryptocurrency
Basic Attention Token [BAT] holders are in profit, thanks to these factors
In the crypto space, some altcoins that do not find much popularity than others usually go unnoticed. And, currently, Basic Attention Token (BAT) is failing to get the attention it deserves. The altcoin faced broader market bearish pressure but managed to outperform others.
After marking its all-time high (ATH) of $2.02 in November 2021, BAT began a decline and fell 83.8%. But rising above the low of $0.25, the altcoin gained almost 53% in the second half of June. Though the asset recorded a decline of 8.5% during the week, it did not seriously affect the investors. And, surprisingly, the 77.49% drop since ATH didn't impress BAT investors much.
Of the 430,000 investors, 56.08% of BAT holders were still sitting in profits at press time. Thus, only 170k investors suffered losses. The ratio is wildly better than that of Cardano, Shiba Inu and King Coin bitcoin. In fact, on July 3rd, the Basic Attention token seemed to be far from showing any signs of an active downtrend.
BAT token has grown from strength to strength, gaining in market value and user numbers. Following major developments and financial results, the token has shown clear signs of surpassing its medium-term growth potential.