{"id":434505,"date":"2023-08-29T17:39:40","date_gmt":"2023-08-29T17:39:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=434505"},"modified":"2023-08-29T17:40:31","modified_gmt":"2023-08-29T17:40:31","slug":"basic-attention-token-price-prediction-bat-sets-eyes-on-0-2-driven-by-browser-adoption","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/basic-attention-token-price-prediction-bat-sets-eyes-on-0-2-driven-by-browser-adoption","title":{"rendered":"Basic Attention Token Price Prediction: BAT Sets Eyes on $0.2 \u2013 Driven by Browser Adoption?"},"content":{"rendered":"

At 7:44 a.m. EST, Basic Attention Token <\/span>BAT<\/span> posted gains of 0.7% in one hour. It trades at $0.17 within this timeframe, closing in on the $0.2 price. <\/span><\/p>\n

However, the bears seem determined to halt the rally, with a 1.4% decrease in the past 24 hours and a 2.35 decline in the past week. <\/span>Also, BAT has shed 17.2% of its price gains in the past month, suggesting sellers control the token’s price. <\/span><\/p>\n

Brave Software Addition of Solana NFT Likely Driving Slight Gains<\/h2>\n

Brave Software <\/span>announced<\/span> the addition of Solana NFT Token-gating to Brave Talk. With a Solana Wallet, users can now set an NFT as their avatars and receive Gate access to holders of a specific collection.<\/span><\/p>\n

Also, moderator rights can be automatically assigned based on NFTs, and hosts can start a Web3 call with a premium Talk Subscription. <\/span><\/p>\n

Brave Talk<\/span> users can join Web3 calls on any browser using any Web3 wallet. This added function will boost the value of the Brave ecosystem and will likely affect BAT’s price action positively.<\/span><\/p>\n

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We’re thrilled to announce the addition of @Solana<\/a> NFT token-gating to Brave Talk. Using your Solana wallet, you can now…<\/p>\n

– Set an NFT as your avatar
\n– Gate access to holders of a specific collection
\n– Automatically assign moderator rights based on NFTs pic.twitter.com\/bSLwhjpCmv<\/a><\/p>\n

— Brave Software (@brave) August 22, 2023<\/a><\/p><\/blockquote>\n

Brave Browser Ranks as One of the Most Secure Browsers For Web Privacy, Boosting BAT’s Utility<\/h2>\n

SlasshGear.com<\/span><\/a>, on August 20, ranked Brave Browser as a popular choice for users who seek privacy due to its extensive features enabled by default. <\/span><\/p>\n

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SlashGear says Brave is one of the best private browsers because it offers a wide range of easy-to-use privacy protections.<\/p>\n

Read more through the link!https:\/\/t.co\/T8jhhGpxMq<\/a><\/p>\n

— Brave Software (@brave) August 21, 2023<\/a><\/p><\/blockquote>\n

Brave Browser blocks ads, trackers, and browser fingerprinting in its default mode, making it safe for users who don’t want to leave data traces behind when browsing the web. <\/span><\/p>\n

Also, it supports a wide range of extensions. It offers users an inbuilt password manager with extra secure private browsing modes. <\/span>Brave Browser has a strict Ads policy but enables its users to view non-intrusive Ads to earn BAT tokens that can be used to support creators and websites. <\/span><\/p>\n

This arrangement boosts the utility of BAT tokens while preventing excessive Ads from bugging users. <\/span>According to <\/span>Brave Software Developers<\/span><\/a>, companies profit from collecting users’ browser activity and using it for target advertising without permission. <\/span><\/p>\n

It protects users against companies that try to track users’ data with cookies, bounce tracking, and fingerprinting. <\/span>Overall, the integration of BAT tokens as rewards will likely have a positive effect on its price in the long term. <\/span><\/p>\n

Also, according to a Brave Browser user, <\/span>David<\/span><\/a>, the Browser blocked over 278 thousand trackers and Ads while saving 4.01 GB of bandwidth and 3.9 hours. <\/span><\/p>\n

This positive review will likely boost adoption in the ecosystem and the value of BAT tokens. <\/span><\/p>\n

BAT Struggles in Sideways Trend<\/h2>\n

\"Basic<\/p>\n

BAT is in a sideways trend on the daily chart after its decline below the 50-day Simple Moving Average (SMA) between August 15-17. <\/span>It started the sideways trend from August 20 as the bears and bulls tried to seize market control. <\/span><\/p>\n

Today, August 29, BAT is trading below its 50-day and 200-day SMA, expressing a bearish sentiment in the coming days. This implies that sellers dominate the market and control much of the trading volume. <\/span><\/p>\n

Also, the Relative Strength Index (RSI) indicator is dropping to the oversold region with a value of 33.60, showing massive activity from the sellers in the market today. <\/span><\/p>\n

The Moving Average Convergence\/Divergence also confirms this bearish outlook and is below its signal line. <\/span><\/p>\n

However, the MACD shows a weakening sell signal. The fading red Histogram bars hint at a possible price recovery if the buyers return. <\/span>The resistance and support levels will determine the following price moves of the asset. However, the large red candle formed today still hints at a downtrend. <\/span><\/p>\n

BAT Support and Resistance Levels<\/h2>\n

\"Basic<\/p>\n

BAT is dropping to retest the $0.16 support level that has sustained its price since August 17. A drop below this level will send the asset down to $0.15, creating a bearish outlook for investors. <\/span><\/p>\n

However, if the $0.16 support holds, a rally back to $0.17 is likely the next target. Also, if the buyers mount sufficient pressure to overcome $0.17, then $0.19 is the next profit target for buyers. <\/span><\/p>\n

Although the MACD shows a fading sell sentiment, BAT is not yet in the oversold region; therefore, it is risky to open long positions for the token. <\/span><\/p>\n

Traders and investors should closely monitor tomorrow’s candle for confirmation of the following price direction, as sideways trends often present tricky market situations and potential liquidations. <\/span><\/p>\n

As BAT is still down without a solid hint of a trend reversal, a revolutionary memecoin yPredict that reshapes the trading analysis space through AI-driven predictions can be a good alternative. <\/span><\/p>\n

BAT has undoubtedly carved a niche; yPredict’s innovative approach and potential to enhance investor profits present a fresh and compelling narrative.<\/span><\/p>\n

yPredict Makes Ideal Alternative Option for BAT<\/h2>\n

In the ever-evolving landscape of cryptocurrency, projects that showcase innovation, utility, and the potential to redefine industries stand out. <\/span><\/p>\n

Among these, <\/span>yPredict<\/span> has emerged as a compelling alternative to Basic Attention Token (BAT), offering a unique blend of artificial intelligence (AI), utility-driven functionality, and a promising trajectory.<\/span><\/p>\n

yPredict empowers traders with data-driven insights. This distinction makes yPredict a unique player in the cryptocurrency ecosystem, as it caters to a niche that seeks intelligent tools to navigate the complex world of financial markets.<\/span><\/p>\n

One of the standout features of yPredict is its commitment to <\/span>predictive accuracy<\/span>. The verification process by yPredict DAO members ensures that each prediction is rigorously tested and validated, minimizing the risk of erroneous information.<\/span><\/p>\n

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🔮 yPredict: New article! Predicting #Ethereum<\/a> price with #SVM<\/a> model. SVM offers high accuracy (~94%) for crypto price forecasting. Our study shows SVM performs well in predicting ETH prices & explaining volatility. SVM surpasses other models like BNN & GB. #MachineLearning<\/a>… pic.twitter.com\/MILTRsIRmI<\/a><\/p>\n

— yPredict.ai (@yPredict_ai) August 28, 2023<\/a><\/p><\/blockquote>\n