Basic Attention Token Chart Review
About Basic Attention Token
Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
What can i tell from the chart?
The image above shows a chart dated Jun 17 to now. The green circles indicate each high points at different period and the red line shows that the previous high is ranging downwards. The yellow line shows the support levels where buying usually occurs. The buying prices range from $0.01 to $0.12.
Available token supply stood at 1.24 billion while total tokens is 1.5 billion, 0.25 billion is locked up for team and user growth usage. Available token supply numbers make up 82% of the total supply, therefore makes it hard for the tokens to go up. The reason is because a lot of resources is needed to move 82% compared to 40% circulating supply. It is not surprise to see that the previous high trend lower over time.
As previous highs trend lower, it is quite likely that the tokens are still being distributed to retail investors. Unlikely to notice a whale entering unless the current high of $0.188 can break the previous high of $0.34, which is a possible entry to catch the bull wave.
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