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Basic Attention Token ready for a 35% jump



Basic Attention Token (BAT) price rallied on Thursday as general market sentiment improved. The token has increased by more than 20% in the past 24 hours. It trades at $ 1.26, which is about 200% higher than its lowest level in July this year.

What is Basic Attention Token?

Behind Basic Attention Token is the same team that developed the relatively new and rapidly growing Brave web browser. With this project, the developers are trying to establish themselves in an industry that is currently dominated by Google. The browser uses a relatively unique model compared to Google Chrome or Microsoft Edge.

On the one hand, Brave has an integrated ad blocker, so that most of the advertising is blocked while surfing. It also has many data protection functions. Most importantly, Brave has its own ads that users can turn off.

Those who choose to display the advertising in the network instead will be rewarded with the Basic Attention Token. The users can then decide how they want to use their tokens. This creates a relative win-win situation for users and advertisers.

Experience with Brave

In the past few years, Brave has attracted a number of large companies to advertise on its platform. Some of the major advertisers are The Sandbox, Axie Infinity, PayPal, and SoFi. Brave also has more than 30 million monthly active users. The platform is used by more than 10 million users every day.

I am one of those users. For the past few months, I've been using the Brave mobile browser and amassing 6,250 BAT. These are now worth around 7 euros. So it is a difficult task to get rich with Brave. But I still think it's a better option than Google, which pays you nothing.

The developers have also added new features to the ecosystem. You introduced a privacy-focused search engine and video and audio calling service. They will also soon be rolling out the BAT search engine and feature utility so that the token can be used to shop directly.

BAT Pre-forecast

The daily graph shows that the BAT price has moved within a narrow range in the past few days. The coin has formed a bullish pennant pattern that is shown in pink. The price is also slightly above the main resistance at $ 1.0325, the high on September 15. It is also above the moving averages for the past 25 and 50 days.

Therefore, the Basic Attention Token is likely to experience a breakout to the upside if investors target the main resistance at $ 1.70, which is about 35% above current levels.

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