Now, I'll make two assumptions:ġ) Bitcoin reaches $130,000 during the next bull run.Ģ) Brave's continued growth and adoption makes it a major player in international web browsers, catapulting BAT to a new ATH against BTC at 0.0001 BAT/BTC. Looking at the BAT/BTC all-time high, we can see it's just under 0.0001, as interestingly marked during the 2019 highs.
This is likely attributed to Bitcoin's current market dominance as it recently exploded up in price, marking possibly the beginning of a bull market, a time in which altcoins tend to lag behind BTC and suffer against Bitcoin, or "bleed satoshis." This is because measuring against the USD is less reliable, as tokens predominantly trade in BTC or ETH pairings, and BTC and ETH themselves trade against the USD, even wildly sometimes, so calculating using the USD is wildly subjective and might lead to less accurate projections.Īs such, after analyzing the BAT/BTC chart, I noticed it's currently extremely stretched to the downside, near an all-time low against BTC. One thing I like to do when determining price targets for crypto investments is to look at all-time highs of each token against BTC or ETH.
So, as far as altcoins go, this one not only has a specific purpose but is also already functional. In this platform, content consumers send and receive BAT to publishers based on viewing behaviors, and can choose to automatically send or manually tip a fixed amount of tokens per month or single occasion. Aside from it being a native browser reward/utility token, does it have any value as an investment asset, and if so, how much?īAT (Basic Attention Token) is an altcoin created as a utility token to be transmitted amongst users on Brave's Web 3.0 platform. We all know BAT from Brave's Opt-In Paid Ad program rewards (among other things).