Basic Attention Token Operates Positively Amid Crypto Market Crash

ยท in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Basic Attention Token (BAT) is one of the three digital assets operating positively in the last 24 hours. Most of the cryptocurrencies in the space are registering large losses after weeks of sustained growth. At the same time, users could soon start to enjoy from BAT rewards on the Brave web browser.

BAT Operates Positively After Market Crash

BAT is currently growing 6.81% the second largest price increase among the top 100 coins in the market after ODEM (ODE). Just to understand why is this important, EOS is falling 11%, Stellar Lumens (XLM) 8.39%, Tezos (XTZ) 15% and Ethereum Classic almost 8%. Bitcoin is the best performing digital asset among the top 10 falling just 2.75%.

The digital currency is now the 20th largest virtual currency with a market capitalization of $545 million. In the last three months, BAT has registered a price increase of 250%, making it one of the best performing cryptos among the top 20. Its market capitalization could keep growing and help the virtual currency reach the 19th position.

Basic Attention Token is the digital asset used on the Brave browser, created by Brendan Eich, the creator of JavaScript and co-founder of Mozilla. Brave is a web browser that aims at changing the way in which the advertising industry works. The intention is to reward users for the attention they pay to ads displayed on the platform. At the same time, Brave focuses on its users by protecting their privacy and data when they surf the internet.

A few hours ago, Brendan Eich announced during a conversation with CoinDesk that they are releasing Brave Ads today. Until now, users could add funds to their accounts on the Brave browser and give tips to the sites they like or visit the most. Brave was also giving users a few BAT tokens to use in the platform.

Since today, some users will be able to earn BAT for the “attention” they will be paying to ads displayed on the Brave browser. Some of the companies that will be already working with Brave placing their ads include eToro, BuySellAds, TAP Network, Fluidity, Uphold and ConsenSys, among others.

Nonetheless, users will no be able to withdraw their BAT coins. As Eich explained, if users start to take BAT out of their wallets, they would be defrauded overnight.

Currently, each BAT can be purchased in different exchanges for around $0.43 according to CoinMarketCap.

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