Have you heard of Basic Attention Token (BAT)?
You might be wondering why a web browser has a utility token associated with it. And that’s a good question.
We will answer that question in this article. In addition to that, we will provide some price predictions about the Basic Attention Token (BAT) for the short term, mid term, and long term future.
Basic Attention Token (BAT) – Price Predictions
Here are a few price predictions about the future price of the Basic Attention Token (BAT) by some of the top cryptocurrency prediction sites. Remember, these are only educated guesses. No one knows the true future price of any cryptocurrency or commodity.
That said, these predictions tend to be fairly accurate. And a good general indicator of future price trends.
Wallet Investor’s Basic Attention Coin (BAT) Price Prediction
Wallet Investor has a flat prediction for BAT. They expect the price to drop to $0.196 in 2021, which is a statistically insignificant drop in price.
They do not offer longer term forecasts. However, they are more bearish than bullish on the future price of BAT.
Digital Coin Price’s Basic Attention Coin (BAT) Price Prediction
Digital Coin Price has a very positive price prediction for BAT. They expect the price to rise to $0.38 by the end of the year.
We find that prediction very unlikely at this point in the year, but it is still possible.
In addition to that, Digital Coin Price expects linear price increases of BAT for the next 5 years. The final price, according to them, will be about $0.80 in 2025.
Again, we find that price extremely optimistic. It is still possible, though.
Changelly’s Basic Attention Token (BAT) Price Prediction
Chagelly is a cryptocurrency that also provides cryptocurrency price prediction. They have a bullish price prediction for BAT.
The expected price from BAT in 2021, according to them, is around $0.30. That’s a 50% increase in price for the cryptocurrency.
Basic Attention Token and Brave – Explained
This section will explain everything you need to know about the Basic Attention Token (BAT). We will also cover the Brave browser because it’s a significant part of BAT.
Why does Brave (web browser) have a utility token called the Basic Attention Token (BAT)?
This is the first question people have when they hear that the Basic Attention Token is a utility token for a web browser. However, to understand why Brave has a utility token, you first must understand Brave.
Brave bills itself as a privacy-focused web browser, which really isn’t the case. And that’s where the Basic Attention Token enters the picture.
Users can opt into a program that allows them to view advertisements from Brave. The revenue generated from those advertisements goes into a users Basic Attention Token wallet. Subsequently, the user can tip content creators that have signed up for the Brave Rewards in Basic Attention Token.
Users also have the option of purchasing BAT on various cryptocurrency exchanges, and then sending BAT to content creators from their own personal wallet.
In addition to that, the ICO for Basic Attention Token was used to fund the development of Brave. The ICO generated $35 million worth of revenue by selling 1 billion BAT.
It took less than one minute for Brave to sell out their ICO, which is very impressive.
What is the current price of Basic Attention Token (BAT)?
As of the time of writing, the current price of Basic Attention Token (BAT) is approximately $0.20 per BAT.
The price has remained at that point for a very long amount of time. In other words, the price is very stable.
What causes Basic Attention Token (BAT) to increase in price?
Increases in the price of Basic Attention Token (BAT) depend on the following:
- An increased popularity for Brave.
- More use of Basic Attention Token (BAT).
In our opinion, Brave browser has reached its saturation point with users. Most everyone that will use Brave is already using Brave, so we find it unlikely that the price will increase much beyond its current price.
Of course, something catastrophic could happen to Chrome or Firefox, but we find that unlikely.
Is Brave a good browser?
Yes, Brave is considered an excellent browser. It has some of the fastest load times of any web browser available at the moment.
It also has a built-in ad blocker and it allows users to tip their favorite content creators. All things considered, the browser is excellent.
The only problem is that no one really knows about the browser, so it’s not that popular. And Brave does not appear to be attempting to gain any more users.
Final Thoughts on Basic Attention Token’s Future Price
In our opinion, it seems improbable that BAT will see any major rise in price in the future. It could rise 50%, but we don’t expect any drastic increase in price.
This is a utility token afterall.
With that said, we don’t view BAT as the best investment for investors. If you already have some, then you’re likely safe holding it. Just don’t expect the price to go up by any significant amount.