Predicting where Basic Attention Token goes next

in #cryptocurrency6 years ago (edited)

Basic Attention Token continues to make substation gains. Rumors of Basic Attention Token collaborating with Samsung's new Galaxy 10 pumps prices higher.

Samsung and Basic Attention Token (BAT)

Rumors are one of the great motivators and movers of short term price action. And in the cryptocurrency world, rumors are powerful. One of the most recent and important rumors is that Basic Attention Token (BAT) may be integrated with Samsung’s new Galaxy 10. Samsung has already confirmed that the Enjin Wallet will be part of the bloatware on the newest smartphone. But was Basic Attention Token predicted or just speculated to be added? There is actually some positive credence to this rumor. A marketing announcement by T Store in South Korea released this image:
022619samsung.PNG

Very clearly we can see the icons and labels of Enjin’s coin, Ethereum, and Basic Attention Token. Does this mean Basic Attention Token will be afforded some special utility? I don’t know – it could just be used as an example of broad ERC20 wallet support on the newest Samsung phone. Regardless of the rumor – the news that Samsung is integrating cryptocurrency into their new phone is one of the single greatest adoptions of cryptocurrencies in history.

BAT price action predictions

022619bat.PNG

Forecasting and predicting future price action is one of the primary focus’ of technical analysis. For Basic Attention Token, we should consider the current price action. When news broke out regarding a potential Basic Attention Token and Samsung relationship, price spiked – massively. At one point last evening, Basic Attention Token was up over +55% in a move from $0.1305 to $0.2029. The spike created, predictably, new 2019 highs but also created the highest highs since November 18th, 2018. It has since sold off the great majority of that move. Currently (1641 CST), Basic Attention Token is up +10.43% and trading in the $0.16 range. What is interesting is where and ‘why’ price stopped trading at the level it did. There was a strong confluence zone of a shared Fibonacci arc and Gann angle – the 50% Fibonacci Arc and the 45-degree angle. During the initial push, price closed just below the 45-degree angle before making a further move down. Basic Attention Token is currently finding support against the 38.2% Fibonacci arc and the 1x2 Gann Angle. But will it hold?
The current 38.2% Fibonacci arc was already held as a sort of support prior to the move higher. Now that Basic Attention Token has moved this arc and has found support, I predict that the current 38.2% Fibonacci arc and the 50% Fibonacci arc will act as the trading range until Basic Attention Token can move higher and past the 50% arc. Of course, this entire move could just sell off. The broader cryptocurrency market is still reeling from a massive drop last weekend and it remains under threat for another move lower. But if the aggregate cryptocurrency market can at least maintain its present level (specifically Bitcoin), then investors and speculators have some time to absorb the information regarding Basic Attention Token and Samsung and it could bring in another big push to the upside.

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Hopefully if it gets integrated with Samsung, Samsung will change BAT for the better and not how usually the big corporations do...

I am a huge fan of this token. Been a top 5 of mine for a couple years now

Brave is a great project, but I'm not convinced about holding BAT as an investment for now.

There are 300 000 000 BATs in the user growth pool, which at today's price means that about 45 000 000$ will be given away. I assume most of these will be instantly sold by users, and with the current market conditions this doesn't appear sustainable. And there will be the same problem when users will be paid to watch ads: most people will not hold it.

Also, assuming an upcoming bull market for cryptocurrencies, I don't think BAT will rise as much as the other cryptos, because it lacks important attributes that a crypto should have. Such as decentralisation, low fees and fast transaction speed (granted BTC and ETH share two of these problems, which is why I'm bearish about them also).

I would be glad to be proven wrong however, as this project could greatly help to grow awareness in cryptocurrencies.

Posted using Partiko Android

The question remains: How do I sell my free BAT from Brave Browser for STEEM?

How do I get BAT from brave browser?

Brave ads are supposed to start some day, they block ads and insert their own ads and you make BAT.

Ok so its someday and not today? It seemed as if some people were already making BAT.

I'm making BAT monthly and if you have a demonitized YouTube channel or website you can get donations from BAT holders..better than nothing, I guess.

of course you can

The Brave Browser website states that the Brave Wallet can only receive deposits. Since BAT is a utility token it is designed to be used on the platform and not be traded as an investment.
Here's a screenshot from their FAQ:
anythingrandom_comment_bravewallet.PNG
You can still trade and invest BAT on exchanges, but once it is in the Brave Wallet it can't be withdrawn.

Transfer BATs to shapeshift then sell for LTC then blocktrades ltc to STEEM and POWER UP!!

Posted using Partiko Android

BAT will be making its browser wallet unidirectional.But for now I just transfer BAT to BTC via my UPHOLD wallet.

The only way to get the BAT endowment is getting it from another user through tipping. There will also be options where you can get rewards by viewing ads but that has not been enabled yet. You can also get BAT through referrals if you will be able to get your unique referral link. The process goes like this.

  1. Install brave browser
  2. Register at Uphold and verify
  3. Register to be a brave publisher
  4. Link your YouTube channel to you brave publisher account to create your own referral link.

There is a limited option which social media platform you can link but hopefully they will support Steemit and the different condensers as well in the future.

BAT for STEEM is easy you just find a platform that supports them both I think Binance and Bittrex support them both have them exchanged there.

Haha want to know that, too

Posted using Partiko Android

So many exchanges are available to sell or convert it to Steem

Excelente pregunta, deseo saber lo mismo que tu!

Excelente pregunta, deseo saber lo mismo que tu!

BAT token is on its way to greatness.
Long term BraveBrowser user with BAT reward process.

Posted using Partiko Android

Can you make some money with that or is it way too early.

If you are content creator you can get BAT reward with BraveBrowser.
In my case I use BraveBrowser just to surf on Internet.

Posted using Partiko Android

Good post, congratulations!

I see STEEM 100 times more valuable than BAT

Good news to hear,hope one can mine this coin on samsung phones.

Next Level Technology.. In Future Everyone Grab It

I disagree, because on average 50% of mobile data is for ads and trackers, costing $23 a month.