In this guide, we will express our and the market’s views on the future of BAT as we discuss BAT’s price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Basic Attention Token.
Now, let’s get into it.
Before we delve into BAT price prediction and answer questions about whether BAT is a good investment or not, why BAT will succeed or fail, or why the BAT price will rise or fall, let’s quickly take a look at what Basic Attention Token is and its history to date.
You can buy BAT on Cex.io, Coinbase, or Binance. You can store it on the Ledger Nano S, Trezor T or eToro wallet.
BAT Overview
The Basic Attention Token (BAT) uses the Ethereum blockchain and Brave, a specialized web browser, which hosts BAT as a native currency with access to a plethora of advertising services.
BATs are designed for exchange between users, advertisers and publishers allowing advertising companies to attract users’ attention.
The BAT team wants to launch digital advertising in the cryptocurrency era to improve perceived failures in status quo marketing practices and arm advertisers with better demographic targeting and content distribution tools. BAT tracks how users interact with advertising content and stores that data in a distributed ledger intended to ensure that consumers experience fewer irrelevant advertisements.
Table of Contents:
Our Basic Attention Token (BAT) Price Prediction 2021
Below is a tabular overview of how BAT will develop in the short term, for the next 90 days.
BAT, like the rest of the
market, is tied to the hip of bitcoin price action. If bitcoin embarks on another bull run, BAT can hope for one as well. Bitcoin usually has a cooling phase after its mega bull runs and that’s when altcoins take over and have a field day with bulls, often doubling or tripling their price in a few days.
All fans and holders of cryptocurrencies enjoyed the last two months of 2020 and the beginning of 2021. Bitcoin destroyed all resistance levels and continued to set new all-time highs.
All altcoins followed suit and their dollar value skyrocketed. In addition, there have been a couple of short but very profitable bullish seasons of altcoins that have seen new and old altcoins rise, exploding through old all-time records and setting new milestones.
Future BAT Price – Long-Term
Most projects will fail: some startups are created only to raise money and disappear, some would not handle the competition, but most are just ideas that look good on paper, but are actually useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are many very bad ideas, and
there are many very, very bad ideas, and also some scams”
Basic Attention Token (BAT) Future Prospects
As a result, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will BAT be in that 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 improves the efficiency of digital advertising by blocking ads and trackers.
The team behind BAT is one of the strongest in the entire cryptocurrency industry with very relevant experience. In addition, the BAT ecosystem is very active, i.e. the project has an extensive network of users, publishers, advertisers and partners.
BAT’s token economy is pretty solid, and the roadmap is detailed and transparent.
BAT enjoys a first mover advantage in their niche and has significant opportunities to dominate the advertising market given competition from emerging blockchain projects. In addition, BAT can also bite a slice of the market from companies in the traditional sector.
However, not everything is milk and honey as there is a potential scalability problem, which can limit the development of the project in the long term.
BAT also remains highly susceptible to adverse market conditions; The price of the token is moderately volatile.
BAT price forecast for the long-term future: 2025, 2030
Our forecasting model predicts that BAT will reach a new ATH in 2025:
$1.89
Is BAT a good investment in 2021 and beyond?
When it comes to 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 cryptocurrency and has a working product that is very popular and has a steady growth rate. We are talking, of course, about the Brave browser.
