Flash Hike: Basic Attention Token [BAT] sees 45% growth; skyrockets by 27% in an hour

click here to see original post

The cryptocurrency market saw most of the coins registering tremendous growth on February 24, however, most coins soon plunged at the same rate. Basic Attention Token [BAT], which ranks 27th on the CoinMarketCap list, saw a late reaction to the soaring market as it is now showing a growth of 45% over the past day.

Source: CoinMarketCap

At the press time, BAT is valued at $0.1903 with a market cap of $235 million. The token has a 24-hour trading volume of $31.5 million while noting a staggering growth of 27% over the past hour. The token has registered a growth of 35.79% over the week and now reports a 45.53% growth over the past day. However, as seen on the one-hour chart of the token, market correction has already started.

Source: Trading view

Source: Trading view

BAT was highly traded on Binance with the BAT/BTC pair, reporting a trading volume of $9 million. The second place was taken by UPbit. UPbit noted a volume of $8 million with the BAT/KRW pair. Bithumb followed UPbit as it noted a trading volume of $3 million with the BAT/KRW pair.

Though the exact reason for the hike cannot be pinpointed, Twitter user @DJThistle01 had a theory:

“$ZRX dropping into a support block
$BAT just pumped. they both were added to coinbase and experienced the same type movement back then.”

However, another Twitter user @MartyTalk, said:

“Had to take some profits on $bat with a +50% gain at 5100, still have my long position but that flip was just way too tempting.”

Follow us on Telegram | Twitter | Facebook

Don’t Miss

Bitcoin SV [BSV] soars and overtakes Cardano [ADA]; inches closer to Binance Coin [BNB]

Namrata Shukla

Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Share !