Blockchain technology has started a revolution in all aspects of our daily lives. Although the said technology is most commonly associated with cryptocurrencies and finances, it has other possible applications. Some newer blockchain projects aim at solving problems like data storage and digital advertising. That is the case with the Basic Attention Token (BAT) project, aiming at developing a novel digital advertising platform.
So, what is the novelty of the BAT platform? The principle is simple. Consumers get rewards for the attention paid to advertisements. These rewards are in cryptocurrency, making it easier for consumers to store their earnings. Advertisers also benefit from the approach mentioned above since their ads are more targeted, quickly bringing profits.
As a crypto investor, you may wonder, how is BAT performing in the market? Or in other words, is it profitable to invest in this digital token? We present a detailed Basic Attention Token forecast for the next few years to answer these questions. Also, we begin with an analysis of the short-term projections for 2022. We finalize with a BAT price prediction 2030. Let us begin!
Basic Attention Token Forecast
The BAT token was launched in an initial coin offering (ICO) on May 31, 2017. Because of the novelty of the idea behind the BAT project, the ICO raised $35 million in a few seconds, making it one of the most successful ICOs of all time. At the time, investors could buy this digital asset at $0.16. The price immediately fell and remained low throughout 2017.
This digital token has had its ups and downs over the years, but it was not before 2021 that the BAT price skyrocketed. This digital asset reached its all-time high value on November 28, 2021, trading at $1.91. As of the third week of April 2022, the BAT price was approximately $0.77. Crypto experts think this token’s value will fluctuate between $1.5 and $1.6 in the second half of 2022. Some optimistic analysts believe the BAT price could soar to $3 by the end of this year.
More conservative analysts think BAT will cross the $3 mark in 2025. They do not expect significant price movements in 2023. In 2024, the price of this asset will be around $2. By the end of 2026, this digital coin could sell at $3.91 or even higher. It is not easy to predict the behavior of BAT beyond this point. Yet, some experts think the BAT price could be $4.87 in 2028 and $7 in 2030.
Is It Profitable to Invest in the Basic Attention Token?
BAT is a promising investment. This associated project addresses a significant problem using a simple yet ingenious solution. So, adding this asset to your investment portfolio is recommended. You can purchase it on an instant exchange. This type of platform allows you to swap cryptocurrencies quickly with low fees. You can also change Bitcoin to Ethereum, Monero to Bitcoin, and many more crypto pairs.
How Basic Attention Token Works
The BAT platform runs on Ethereum. It rewards consumers in exchange for their attention to online advertisements. Digital advertising companies have struggled to find the correct format to deliver ads to consumers. For example, some companies use traditional online pop-ups. But this format is usually irritating to Internet users. The result is that a potential consumer usually closes the pop-up ad before reading it.
The Basic Attention Token Platform allows consumers to choose whether they want to watch ads. If they decide to do it, they get BAT rewards for their attention. This platform functions in cooperation with the Brave browser, which automatically calculates the monthly rewards of each user.