Basic Attention Token has had a tremendous start to 2019 as its prices pumped by a massive 180% since February 02, 2019.
At press time, the price of BAT was $0.2641 and the coin held a market cap of $329 million. The trade volume of BAT in the 24-hour time frame was $42 million. Binance contributed 32.40% of the trading volume via the BAT/BTC trading pair. Coinbase Pro contributed 7% of the total trading volume of the altcoin.
The chart attached below, collated by CoinMarketCap, shows the price movement of BAT over the past seven days.
The pump in the coin’s price was speculated to be due to the recent AMA by BAT’s CFO, Holli Bohren, that took place on Reddit. In the AMA, Holli Bohern answered various questions, with the most popular one being about BAT’s “successful exit”.
Speaking about BAT’s successful exit, Bohren said:
“In Brave’s case, it is unlikely a buyer would overlook the BAT ecosystem and the UGP, and any exit involving an acquisition would (by design) bind the acquirer to Brave’s brand values and to BAT’s economics going to large scale. Any dismal exit would not be good for either equity investor or BAT holders. Go big or go home!”
“Brave has a large UGP (300M) sufficient to fund well beyond the launch of ads. The sale structure including genesis block structure was publicized on https://basicattentiontoken.org in blog posts, and then made public via smart contracts on Ethereum. The Public ledger is public.”
A Twitter user, @bula_naboo, commented:
“I wanna thank everyone who works so hard on bat I know you guys are knocking em dead thank you thank you.”
Another Twitter user, @RWMichaels92779, commented:
“BAT would be a perfect partner for @Tronfoundation and @BitTorrent with what they are building.”
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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.