BAT: Basic Attention Token defies market trend as it breaks out of bullish pattern to reach one-year highs

2019-4-22 18:30

Basic Attention Token broke the market trend and pumped by approximately 20% since the start of the candle on April 21, 2019 [UTC]. The token has been performing nothing short of a miracle since 2019. It pumped by approximately 300% year-to-date.

The price of the token at press time was $0.45 and the market cap was $566 million. The 22nd largest cryptocurrency was just below NEM, and very close to reaching the top-20 cryptocurrency list.

Cup and Handle Pattern

BAT formed a Round Bottom pattern, which could further develop into a Cup and Handle pattern. These are bullish patterns and suggest a further bullish move.

Source: TradingView

If the Round Bottom pattern proceeds to become a cup and handle pattern, the price of BAT will correct to form a handle, which will mean the prices will fall. After the formation of the “handle”, the prices will breakout to the top, breaking the highs made in April 2018. The price of BAT has so far pumped by 300% in four months, and if the pump continues, the price could easily surpass its all-time high of ~$1.

Altcoins

At the time of writing, Bitcoin was crashing from a bearish pattern, by 1.55%, which caused other cryptos to fall drastically. Litecoin crashed by approximately 10% in a few hours, Cardano fell by 8%, Ethereum dropped by 4%, and XRP also faced a drop of 4%. Considering the trend of altcoins, BAT managed to defy the trend and move up.

This could be the start of BAT decoupling from the king coin and  having a value of its own, where the price of the token would depend on the developments occurring in the project.

The post BAT: Basic Attention Token defies market trend as it breaks out of bullish pattern to reach one-year highs appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.6097 (-100%)

token market basic trend attention pumped approximately

Источник: ambcrypto.com

token market → Результатов: 126


This Little Known DeFi Token Is Attracting Investors – Find Out Here

This DeFi token, which only ranks 138th among cryptocurrencies according to total market capitalization, is starting to make some real loud noise in the crypto space this ‘Uptober. ’ Even though the market continues to struggle to recover from its dismal September performance, SUSHI – the native token of SushiSwap – is making impressive leaps over the past couple of days.

2022-10-8 11:50


Bitprim Team Launches a Token Asset Creation and Smart Contract System Called Keoken

Now the firm Bitprim has announced the launch of a new token creation and smart contract platform called ‘Keoken’, an open protocol for extending blockchain functionality. Also Read: Market Caps for Privacy-Centric Currencies Have Dropped Significantly Bitprim Team Launches a Token Asset Creation and Smart Contract System Called Keoken This week the Bitprim development team gave news.Bitcoin.com

2018-7-31 22:34


Chamber of Digital Commerce Releases Guidance on ICOs to Support Self-Regulatory Approach

The Chamber of Digital Commerce’s (CDC) industry initiative has released a comprehensive report outlining guidelines for the token ecosystem and initial coin offerings (ICOs). The report, Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers & Practitioners, was prepared by the Token Alliance, an industry-led initiative of the CDC.

2018-7-31 20:25


SyntheticsAI ICO (SYNT Token): Blockchain AI Market Business Reports?

Synthetic AI ICO looks to create a venture to connect brands and consumers through blockchain solutions involving Chatbot that will enable an innovative conversation among the participants. The goal is to create a direct communication channel between the brands and their respective consumers which in turn would help deliver better involvement in the different industries. […]

2018-7-30 18:18


Фото:

How Escrow Platforms Can Create Real Demand and Reduce Token Supply

Supply and demand are two fundamental components of any economy, and their relationship will determine its boom or bust. Token economies are no exception. Leveraging Supply and Demand Whenever the demand for a token increases and the number of tokens in circulation decreases, the result is that the token has a higher purchasing power in the blockchain market.

2018-7-27 04:00


Gemstra ICO

Gemstra is building a blockchain-integrated ecosystem (ASTRA Platform) and token economy (GMS Token) to unlock social selling to the entire retail market. ASTRA is a smart contract platform. It leverages blockchain technology to put data back in the hands of sellers and enable retailers (called "Merchants" in the Gemstra ecosystem) and brands from the $24 trillion global retail economy to join social selling.

2018-7-24 22:18


OpenBrix ICO (BRIX Token): Blockchain Real State Property Network?

The fragmentation and centralization with our property sector are leading to plenty of issues such as wire fraud, mortgage defrauding among others. Consequently, the rigid structure of our real estate market is also responsible for a considerable number of assets lost or millions in funds during the transactions. Such a situation has led to plenty […]

2018-7-23 15:28


Tripterium T50 ICO

Tripterium T50 is a tokenized, closed-end index fund (CEF), which passively tracks the top fifty cryptocurrency assets by market capitalisation, in order to deliver healthy returns. The fund has a Venture Capital Feeder Fund, which will invest in expertly-vetted early stage blockchain technology companies that are seeking to undertake an Initial Coin Offering (ICO), therefore benefitting from the ICO returns.

2018-7-22 20:34


Togacoin ICO

Togacoin's endeavor is to separate the mining operations from the electricity costs, as well as diversifying investments to make the business safer and more independent from any market variable. This guarantees a complete payout to the token holders: in case mining become no longer profitable, it will be gradually replaced by our other activities (hosting/housing, application design/development and electricity sales).

2018-7-21 13:21


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How Crypto is Shaping Professional Sports

Crypto sector observers believe it's only a matter of time before all major sports apps accept Bitcoin and other major cryptocurrency. That prediction carries weight as we're already seeing crypto impact the professional sports industry at every level - here's how.