Recently, the media was full of news about the possibility of the U.S. Securities and Exchange Commission (SEC) accepting Bitcoin as an Exchange-Traded Fund (ETF). Being acknowledged by an agency of such importance was huge for the whole cryptocurrency market. Moreover, if the SEC approves Bitcoin as an ETF, more and more investments would be done in the cryptocurrency market since Fear, Uncertainty, Doubt (FUD) levels would drastically decrease.
To add to the hype, there were many predictions that yet another bull run is likely to commence by the fourth quarter of 2021. If we take a look at Bitcoin’s recent price movements, you can see for yourself that Bitcoin is on a bullish trend. Experts claim that if Bitcoin successfully surpasses its current all-time high during this period of time, its price might double or even triple by the end of the year.
As we mentioned before, the whole cryptocurrency market benefits from this. Considering that Bitcoin controls most of the market, Bitcoin’s good days are every other cryptocurrency’s good days. This is also valid for Basic Attention Token (BAT), a utility token that caught quite some attention during early 2021.
Basic Attention Token aims to build an ecosystem specifically for advertisements using blockchain technology. They try to reward both advertisers and consumers equally. They are doing this through their browser known as the Brave Browser. There, users are able to see advertisements that fit them most and receive rewards for simply consuming the ad. Moreover, through the Brave Browser, you are able to gift BAT to eligible websites. For example, you read a good article in Crypto Academy and you want to tip the writer, you can do so through the Brave Browser which allows you to directly send BAT from your wallet to their wallet.
At the time of writing, there is around 1.49 billion BAT in circulation out of a maximum supply of 1.50 billion. This cryptocurrency has a market capitalization of $1.02 billion, around $1.20 billion lower than the one it reached during its peak back in April.
Market Price Prediction
Most experts and crypto enthusiasts acknowledge the potential that Basic Attention Token has, therefore, their price predictions are quite positive. Considering how bullish the market gets during the end of each year, these positive price predictions are quite realistic.
Let us begin with a price forecast presented by Economy Watch in September 2021. In their forecast, they include both technical analysis and fundamental analysis. First off, they present their technical analysis and claim that the first price target for Basic Attention Token might be around $1. According to their fundamental analysis, Basic Attention Token is likely to attract more and more people as time passes by, therefore, hitting $1 might be easy as more people get into this project.
Another prediction regarding Basic Attention Token is that done by Wallet Investor. Their algorithms show that this token is likely to increase in price throughout the next weeks. Moreover, they believe that this token might surpass the $1 once more by the end of 2021. As for 2022, their forecast shows BAT sitting at a possible price between $1.22-$1.41 by the end of the year. When it comes to the long term, Wallet Investor believes that BAT might reach a high of $2.81 by the end of 2025.
One of the biggest cryptocurrency Youtubers, BitBoy Crypto, also made a price prediction regarding BAT. In his video published back in March 2021, he claims that Basic Attention Token is likely to end the year 2021 with a trading value above $3.
Crypto Academy Basic Attention Token Price Prediction
Basic Attention Token has a clear vision and that makes it a very valuable project. Considering that this project is really well built and it keeps improving every day, we believe that this token is just getting started. Soon, Basic Attention Token will reach its maximum supply and no more BAT tokens will enter the market. This is considered to be a very bullish indicator since from that day forward, BAT will become deflationary.
Moreover, Basic Attention Token is a low-cap coin, having a market capitalization of $1 billion. The lower the market cap of a cryptocurrency, the more impact each investment has on its price. So, considering this and numerous other factors, this token has enormous room and potential to grow.
After careful analysis, we came up with our own price prediction for Basic Attention Token.
Basic Attention Token (BAT) Price Prediction 2021
If you followed the price movements of cryptocurrencies during 2021, you are already aware of the huge bull run that occurred at the beginning of this year. It was during that time that Basic Attention Token reached its peak and set its current all-time high of $1.56. Today, this cryptocurrency is trading 54% below its all-time high. We believe that BAT might follow the current Bitcoin uptrend and end the year with a trading value between $1.10-$1.25.
Basic Attention Token (BAT) Price Prediction 2022
As we mentioned before, the previous bull run was during the first and second quarter of 2021, while the next one is believed to begin as we move into the fourth quarter this year. Considering that the year 2021 is likely to end during a bull run, the beginning of 2022 might be even more bullish, with many coins potentially reaching new all-time highs. We believe that Basic Attention Token might reach a new all-time high of $3.68 by March 2022. Nevertheless, its price may drop afterward resulting in BAT ending the year with a potential trading value of $2.80.
Basic Attention Token (BAT) Price Prediction 2023
The year 2023 is believed to be more bearish than 2021 and 2022 because of numerous reasons. Keeping in mind that the whole cryptocurrency market experienced considerable growth during the two previous years, it is a logical assumption that the market might undergo a market correction during 2023. That being said, we believe that Basic Attention Token may have a high of $3.70 for the year 2023. Moreover, our forecast shows BAT ending the year with a possible price between $3.40-$3.55.
Basic Attention Token (BAT) Price Prediction 2024
Moving on, we believe that the token might have a slow start as the year 2024 begins, but enter a bull run later on. Moreover, the next Bitcoin halving is set to occur in 2024. Historically, this event is known for affecting the market positively. That being said, our price prediction for Basic Attention Token for 2024 is $7.50-$8.15.
Basic Attention Token (BAT) Price Prediction 2025
The first quarter of 2025 is expected to be very bullish. Major cryptocurrencies are expected to reach new all-time highs, and we believe that this might be the case for Basic Attention Token too. Entering the year with a potential price of $8, Basic Attention Token may experience a 137% increase, ending the year with a possible price between $19.50-$20.00.
Relatable: Basic Attention Token (BAT) Price Prediction 2021 and Beyond – Is BAT a Good Investment?
Takeaways
- Bitcoin might be accepted as an Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) soon.
- This news has had a positive impact on the cryptocurrency market, pushing the prices of major cryptocurrencies even higher.
- Moreover, the current bull run is believed to continue and become larger than the previous one.
- After Bitcoin, altcoins are expected to skyrocket.
- One of these altcoins is Basic Attention Token – a utility token used for powering an ecosystem for advertisers and consumers.
- We believe that BAT may be trading at $1.10 by the end of 2021; $2.80 by the end of 2022; $3.40 by the end of 2023; $7.50 by the end of 2024; $20.00 by the end of 2025.