Basic Attention Token (BAT) Price Dips As The Market Slips With Most Altcoins Losing. Thursday, October 25th
Basic Attention Token (BAT) Price Dips As The Market Slips With Most Altcoins Losing
The last 24 hours have seen most coins take a dip. Led by bitcoin, which has dropped by 0.29% and is trading at around $6,479, most altcoins have taken slight losses. Most of these range between 0.50% to 2% and remain of no large concern for long-term position holders. For short-term positions, no drop is of no concern. In addition, there’s never telling what slight drop might lead to a panic and a dramatic fall of prices and so there’s not really a time when holders aren’t concerned about price slips.
BAT/USD Price Chart, Thursday October 25th:
In an unexpected move, BAT has slipped and is among the many coins that have lost their positions. In BAT’s case, the coin has dropped by 3.09% and at the time of writing, this is trading at $0.266952. This represents just a small percentage loss for most holders who have gained from the hype witnessed in the last couple of weeks. Since speculations of a possible listing on Coinbase, BAT has seen a 56% price rally in the last 2 weeks. However, as we reported, some of these gains were partly because of the launch of the project’s Brave desktop browser.
While the speculation continues to make headlines, many have given reasons why the listing would be a great thing for Basic Attention Token. This means a new market for the coin, more exposure for the project and a higher market cap- possibly leading to a higher ranking in the market. But, if the coin is not listed in the next couple of weeks, we could see the newly found positions begin to reverse.
If Coinbase does not soon announce the listing of Basic Attention Token (BAT), speculators- who are the ones largely pushing BAT prices, might lose confidence in the coin and starting selling. Although this will see demand drop and supply increase- in turn, prices dropping, we probably will see it establish a high support level, setting it at a great position for the next price rally.
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