Trading digital assets requires some patience as assets can bleed out from time to time. Again, we are going through a period in which investors must show patience. Remarkably, its total market cap has slumped from $2.8 trillion a few weeks ago to $2.5 trillion now. However, despite the market depreciation, Basic Attention Token (BAT) is currently in reverse. The digital asset recently reached an all-time high of $1.81.
BAT is currently trading at $1.50
Although the asset price has dropped to around $1.50 at the time of writing, BAT is still up 14% in the last 24 hours. The number of cryptocurrencies traded in green among the top hundred cryptocurrency between.
BAT is Brave’s native token, while Brave is a browser focused on providing privacy to users. Rather than monitoring users’ behavior, the browser prefers to show them ads where they can earn a little BAT. The cryptocurrency was launched in 2017.
Although it is not possible to attribute the asset’s rapid rise to any event, it can be said that recent updates may be a triggering factor. For example, Brave announced that it is expanding its browsers outside of Ethereum and has chosen Solana as its potential destination. Brave also reported that investors may see a Solana-backed Brave wallet next year.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.