As per the Basic Attention Token latest update, the price of the asset increased by 2.01% over the past day and reached a price of $0.183. This way, BAT experienced a price reversal from the day before but the price is still in an unclear trend, marking 2.5% above the 20 day moving average as we are reading in the basic attention token price news.
Staying above the 20day moving average level may be crucial to sustaining the short-term momentum since looking at it from another point, the price increased by 8 percent over the past two weeks.
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As for the volume regarding the move from yesterday, the price change happened on volume which was 271 percent higher than the 7day average volume. In regards to the trading range, the Bollinger bands on the Basic Attention token show that the price could increase between $0.16967 and $0.18741 based on the volatility and the momentum in the past two weeks.
As we are getting closer to the range, the traders could consider exploring shorting opportunities. The market cap of the BAT is currently estimated at $266 million. Yesterday, about 7297 transactions happened among the BAT holders and the number of wallets that hold BAT increased by 2131 in one day. There were also 1355 wallets making a transaction yesterday while 20,350 wallets have sent or received tokens the past month. This puts the daily active wallet use to monthly active wallet use ratio of about 0.07.
As for the BAT wealth distribution, the richest 1000 wallets own 90 percent of the money supply. The percent of the currency that is owned by the wallets that belong to exchanges and top 1000 richest wallets, reached 3.44% of the entire money supply. In terms of the growth rates, the share of the total supply of the top wallets reached -0.04% in the previous 7 days. For the exchange wallets within the top 1000 wallets, the share increased by 0.12%. As for the BAT smart contract itself, the amount of the total money supply is unchanged.
In the previous basic attention token latest update news, we saw that the price of the asset decreased but then struggled to maintain the resistance and managed to find a new stability zone.
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