In this guide, we will voice our own and market’s opinion on BAT future while discussing BAT price forecast for 2021 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Basic Attention Token.
Now, let’s head into it.
Before we delve deep into the Iota price prediction and answer questions if BAT is a good investment or not, why will BAT succeed or fail or why will BAT price rise or drop, let’s quickly throw a glance at what is Basic Attention Token and its to date history.
The Basic Attention Token (BAT) utilizes the Ethereum blockchain and Brave, a specialized web browser, which hosts BAT as its native currency with access to a plethora of advertising services.
BATs are designed for exchange between users, advertisers and publishers allowing advertising companies to commoditize user attention.
The BAT team wants to launch digital advertising into the age of cryptocurrency to ameliorate perceived failures in status quo marketing practices and arm advertisers with improved demographic targeting and content delivery tools. BAT tracks how users interact with advertising content and stores that data in a distributed ledger intended to ensure consumers experience fewer irrelevant advertisements.
If you would have bet on the right coins this year you could easily have 10xed your capital…
You could even have made as much as 100x which means you could have turned $100 into as much as 10k.
Experts believe this will happen again in 2021, the only question is which coin do you bet on?
My friend and cryptocurrency expert Dirk is personally betting on 3 under-the-radar cryptocurrencies for huge ROI in 2021..
Click here to learn what these coins are (watch till the end of the presentation).
Our Basic Attention Token (BAT) Price Forecast 2021
BAT, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, BAT can hope for one as well. Bitcoin usually has a cool-off phase after its mega bull runs and that is when the altcoins take over and have a field day with the bulls, often doubling or tripling their price within days.
All crypto fans and holders have been enjoying the last couple of months of 2020 and the start of 2021. Bitcoin smashed all resistance levels and kept setting new all time highs.
All altcoins followed suit and their value in dollars skyrocketed. Additionally, there were a couple of short but very profitable altcoins bull seasons that saw new and old altcoins surging, bursting through old all-time high records and setting new milestones.
BAT was one of those altcoins that had its five minutes of fame where it outperformed bitcoin and the rest of the market by a lot.
After that, we had an almost three month long correction since the all time high and it seems that bull run is about to resume.
Altcoins are going to, as usual, to wait out what bitcoin does before they start their own moves. This means some more ranging for BAT before we see sharper moves in either direction.
BAT Future Price – Long-term
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
Basic Attention Token (BAT) Future Outlook
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will BAT be among those 5%?
BAT is a unique project built on the Ethereum blockchain that is tackling a big problem of one of the largest digital sectors – digital advertising. The project enhances the efficiency of digital advertising, blocking ads and trackers.
The team behind BAT is one of the strongest in the whole cryptocurrency industry with highly relevant experience. Additionally, the BAT ecosystem is very active, that is, the project has a wide network of users, publishers, advertisers, and partners.
The token economics of BAT are pretty sound and the roadmap is detailed and transparent.
BAT enjoys a first mover advantage in their niche and has substantial opportunities to dominate the advertising market given its competition from emerging blockchain projects. Moreover, BAT can also bite off a piece of the market from companies in the traditional industry.
However, not everything is milk and honey as there is a potential scalability problem, which can curtail the development of the project in the long-term.
BAT also remains highly susceptible to adverse market conditions; token price is moderately volatile.
Market prediction for Basic Attention Token – BAT Coin Price Prediction 2021
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the BAT price, which will give us another point of view to consider:
Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins but not for BAT. According to them, BAT is expected to stay pretty much the same and hover around $0.90 per token in one year.
Trading beasts display that BAT can levitate around $1.79 within a year which means it will reach new all time high again in this year.
Digitalcoinprice gave a positive prediction saying that by 2021 end, BAT might be worth the almost double amount of dollars than now – around $1.66 per token.
BAT Price Prediction for Long-Term Future: 2023, 2025, 2030
Basic Attention Token Price Prediction 2023
Basic Attention Token Price Prediction 2025
Realistic Basic Attention Token Prediction
Is BAT a good investment in 2021 and beyond?
When speak about smaller altcoins, BAT is one of the best investments you can make. It is definitely not a scam, it is run by one of the most prolific developer teams in crypto and has a working product that is very popular and has a steady growth rate. We are speaking, of course, about the Brave browser.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com