Basic Attention Token has embarked on a moon mission, leaving the rest of the crypto market behind. Covered: BAT Price Update What is Brave Browser? It’s Black Friday, and cryptocurrency prices have reacted accordingly. The entire cryptocurrency market cap has dropped 7.6% in the past 24 hours following macro concerns regarding a new coronavirus variant. […] The post Basic Attention Token Skyrockets Amid Crypto Market Crash appeared first on CryptosRus.

Basic Attention Token Skyrockets Amid Crypto Market Crash

Basic Attention Token has embarked on a moon mission, leaving the rest of the crypto market behind.

Covered:

  • BAT Price Update
  • What is Brave Browser?

It’s Black Friday, and cryptocurrency prices have reacted accordingly. The entire cryptocurrency market cap has dropped 7.6% in the past 24 hours following macro concerns regarding a new coronavirus variant. Brave Browser’s Basic Attention Token (BAT) has disregarded the market drawdown and rallied to a new all-time high instead despite the blood-red market.

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BAT Price Update

Since its local low of $1.00 the day before Thanksgiving, BAT rose more than 85% to a new all-time high of $1.87. The token has since pulled back slightly, currently trading at $1.49.


Zooming out to the weekly chart, BAT is looking great. It’s sitting right on previous all-time highs from April. After trading volume tapered out following the summer crypto market crash, buyers have come back strong to trade BAT, as indicated by the impulse in volume. 

While the markets aren’t looking hot, BAT could continue on its gravity-defying run. The relative strength index (RSI), which measures the overbought and oversold conditions of an asset, has yet to break past the high RSI readings from April, indicating that BAT could have more room to run before topping out again. 

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What is Brave Browser?

If you aren’t familiar with Basic Attention Token, it may be helpful to learn more about Brave Browser. Brave is a web browser alternative to popular choices like Google Chrome, Firefox, etc. 

Brave CEO ??Brendan Eich says that Brave aims to be a privacy-focused browser to combat the surveillance economy sustained by less privacy-centered browsers. 

“Brave Search fills a clear void in the market today as millions of people have lost trust in the surveillance economy and actively seek solutions to be in control of their data…

The way we differentiate for most users, especially as we grow, is through speed, because no other browser blocks all the cookies that are third-party tracking, all the fingerprinting techniques… we block all that stuff.”

In addition to Brave’s privacy-based principles, the browser also passively mines the BAT cryptocurrency in the background as you use Brave.

BAT is a token with clear utility. Users receive BAT for every ad sent to their browser, regardless of whether they click on the ad or not. Users can either keep their earned BAT or they can use it to tip approved publishers online. BAT is also integrated into Twitter and YouTube, enabling users to tip content creators directly.

The post Basic Attention Token Skyrockets Amid Crypto Market Crash appeared first on CryptosRus.