Basic Attention Token (BAT) Marks New All-Time High

Basic Attention Token (BAT), one of the widely used ERC-20 tokens with a real-life application, is having a rally to new all-time highs above $1.70. BAT, a token tied to the Brave browser and tokenized online ads, has lagged behind other assets despite its wide adoption. 

BAT rose by more than 44% overnight, extending its previous rally, to recover its previous all-time high and achieve price discovery at $1.73. The recent climb also coincided with near-peak trading volumes above $2.7B in the past 24 hours. 

The immediate reason for the BAT rally is a recent announcement the asset would be accepted as payment at Regal Cinemas. 

But for BAT, the buildup to a new all-time high has happened over the years. BAT hovered around $0.22 for years before its breakout in 2021, leaving behind its all-time high from early 2018 at just $0.89. 

BAT has also remained behind the trend of DeFi, with only limited usage as a liquidity token. Most BAT circulates in the Brave browser online ad economy. The latest growth model shows Brave browser carries more than 36M active users per month.

BAT is held in more than 400,000 wallets, which is about 10 times the usual holding rate of other ERC-20 tokens. The asset is immensely popular and widely distributed, though about 20% of the tokens may be available on centralized exchanges for speculative trading. Read Full Story

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• Basic Attention Envisions Gaming Future

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• BAT May Follow Game Token Trend

• Altcoin Economy Gains Dominance