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Basic Attention Token Price Prediction – Will BAT Price Hit $2 Soon?

Basic-Attention-Token-BAT-Price-Prediction Prediction
  • Bullish BAT price prediction ranges from $1.07 to $1.93.
  • BAT price might also reach $2 soon.
  • BAT bearish market price prediction for 2022 is $0.43.

This Basic Attention Token (BAT) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our BAT price analysis and prediction.

The crypto industry was able to end the year 2022 gracefully despite the economic crisis brought by the CoronaVirus. As a result, investors from in and out of the crypto world are now closely monitoring various cryptocurrencies with potential. One of these tokens is the Basic Attention Token (BAT), a token that provides support for the advertising industry. It gained 29.7% in the past 1 year.

Moreover, the BAT network works with BRAVE, an internet browser that blocks ads and trackers. This partnership enables the BAT users to have a fast, free and secure web browser that prevents unknown cyber frauds. Surely, users of the network can browse with confidence without the fear of any cyber malicious acts.

Now that we’ve got some ideas about BAT, do you think BAT will be a profitable cryptocurrency this year? Let us find out together in this CoinQuora Basic Attention Token (BAT) price analysis and price prediction 2022. But before we go there, let us understand first, “what is Basic Attention Token (BAT)?”

What Is Basic Attention Token (BAT)?

Basic Attention Token (BAT) is an ERC20 token that runs on the Ethereum blockchain. More so, it is founded by Brendan Eich, the creator of JavaScript and Co-Founder of Mozilla. The platform aims to support the digital advertising industry and its publishers by eliminating the middleman and unnecessary ads. Hence, content creators and publishers earn more profit and revenue.

The BAT network has a total circulating supply of over 1.2 million BAT and a total supply of 1.5 billion BAT. Therefore, users of the network can massively use these tokens in exchange for BAT and BRAVE’s premium services.

Now that we are fully aware of “what is Basic Attention Token (BAT)?”, what are we waiting for? Let us now head to our BAT price analysis and prediction for 2022.

BAT Current Market Status

As of the time of writing this Basic Attention Token price analysis, BAT trades at $0.7636 with a 24-hour trading volume of $108,711,304. The price of BAT has increased by 3.04% in the last 24 hours.

Furthermore, BAT has a current circulating supply of 1,496,076.082 BAT according to CoinGecko. Currently, the top cryptocurrency exchanges for BAT are Binance, OKEx, FTX, Huobi Global, Gate.io, Bithumb, Kraken, Bitfinex, Bittrex, and Upbit.

Now, let’s proceed to the next part of this BAT technical analysis for 2022.

Basic Attention Token (BAT) Price Analysis 2022

Currently, Basic Attention Token holds the 90th place on CoinGecko. But will the latest upgrades, developments, and changes in the BAT blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this BAT price prediction article.

BAT/USDT 1Day Chart Showing Keltner Channel
BAT/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

The price of BAT is bullish as seen from the chart above since it has almost breakout at the middle curve in the Keltner Channel.

BAT/USDT 1Day Chart Showing Relative Strength Index
BAT/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

With a relative strength index value of 48.72, the present trend of BAT/USDT is weak, though it is approaching the 50 value mark that indicates a strong trend.

BAT/USDT 1Day Chart Showing 90-MA and 30-MA
BAT/USDT 1Day Chart Showing 90-MA and 30-MA (Source: Tradingview)

Since the 90-MA is above the 30-MA, the price of Basic Attention Token (BAT) is bullish in the future. Hence, long-term investors will make gain.

Basic Attention Token (BAT) Price Prediction

The chart below shows that Basic Attention Token has performed great over the past few days. Moreover, the BAT price surged 11.3% in the last 7 days. If this trend continues, BAT might run along with the bulls, overtaking its $0.8715 resistance level and climb higher to $1.9319, bullish signal for 2022.

BAT/USDT 1Day Chart Showing the Key Levels
BAT/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone BAT from its uptrend position. In simpler terms, the price of BAT might drop to almost $0.4263, a bearish signal.

Meanwhile, our long-term BAT price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $1.92 according to CoinMarketCap this year. It will only happen if it breaks many previous psychological resistances.

Basic Attention Token (BAT) Price Prediction 2022

If this bullish trend continues, BAT will hit $1.9313 by the end of 2022. Moreover, the first half of 2022 is going to reveal fast growth, up to $1.07. Then the rise will slow down, but no major falls are expected. With upcoming partnerships and developments happening, reaching $2 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Basic Attention Token (BAT) Price Prediction 2023

If BAT holds the support level around 90-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $5, making it not plummet but play consistently.

Basic Attention Token (BAT) Price Prediction 2024

As per the latest upgrades, developments, BAT price prediction, and new project forecasts of the platform, BAT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of BAT in the crypto market, and it will be the best investment as the price can spike and reach around $10.

Basic Attention Token (BAT) Price Prediction 2025

In the next four years, BAT prices could race up to $15. In addition, reaching this level could not be so difficult for BAT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BAT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Basic Attention Token (BAT) Price Prediction 2026

In the next four years, BAT prices could race up to $20. In addition, reaching this level could not be so difficult for BAT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BAT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Basic Attention Token has a bright future ahead of it in 2022. With the ongoing developments happening within the BAT ecosystem, as well as in the overall crypto market, we may see BAT reach new heights.

Bullish BAT price prediction 2022 is $1.9313. However, it may even reach $2 if investors have decided that BAT is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is BAT?

Basic Attention Token (BAT) is an ERC20 token that runs on the Ethereum blockchain. BAT was founded by Brendan Eich, the creator of JavaScript and Co-Founder of Mozilla.

How to buy BAT Tokens?

Users can obtain BAT Tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, FTX, Huobi Global, and Upbit.

Will BAT surpass its current ATH?

BAT is a good investment in 2022. Moreover, BAT has a high possibility of surpassing its current ATH at about $1.92 this year.

Can BAT reach $2 soon?

Yes, it’s very much possible that BAT might reach $2 in the near future as per the current bullish trend.

What will be the Basic Attention Token price by 2022?

The Basic Attention Token (BAT) price is expected to reach $1.9313 by 2022.

What will be the Basic Attention Token price by 2023?

The Basic Attention Token (BAT) price is expected to reach $5 by 2023.

What will be the Basic Attention Token price by 2024?

The Basic Attention Token (BAT) price is expected to reach $10 by 2024.

What will be the Basic Attention Token price by 2025?

The Basic Attention Token (BAT) price is expected to reach $15 by 2025.

What will be the Basic Attention Token price by 2026?

The Basic Attention Token (BAT) price is expected to reach $20 by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.