Should You Invest in Basic Attention Token (BAT)?

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Basic Attention Token (BAT) is one of the long-standing cryptocurrencies in the space. It has a kind of "stable-coinish" price movement... well, it did up until February 4th.

On Feb 4, BAT started to show signs of life. The rest of the crypto market was already in the bull cycle with coins like CRV going 3x in a matter of days.

BAT, however, showed almost no upward movement. Slight upticks here and there.

Is BAT a Good Investment?

It's an interesting question and one that the Leo Roundtable folks addressed in a podcast episode over 6 month ago.

BAT has a lot of utilility within the Brave browser ecosystem. In fact, it is probably one of the closest forms to actual currency in the entire cryptocurrency industry.

It is used to send millions of tips and rewards to creators and users while advertisers either purchase it or send other forms of payment to Brave and Brave repurchases BAT on the backend.

With all of this utility, you might expect to see a lot of bullish action on the token.

Yes and no. Perhaps the purpose of such a utility token is to be stable in its value. Almost akin to a stablecoin that slowly rises in value over time rather than depreciates alongside USD.

Kucoin Listing

Kucoin listed BAT on Feb 6th... is it a coincidence that BAT 2x'd in a matter of days around this listing time? I don't think so.

I hear Brave is very popular amongst the asian markets (privacy, VPN, etc.).

Is this upward explosion short-lived or has BAT just reached the perfect demographic to send it to the moon?

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18 comments
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I use Brave, so I do subscribe to the BAT economy in a sense... but it has never really stuck to my radar as a prime investment. I would like it better if it was built on its own chain though, or if it could find a way to circumvent the ETH gas fees. Withdrawal thresholds from Brave and Uphold are too high as a result.

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I was going to comment something pretty similar so I’ll go for an upvote of your comment instead ;)

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uphold is the killer of BAT. should just be able to store it in a metamask. the withdraw friction makes me apprehensive with buying it from an exchange, tough to believe in it until thats amended. love the browser tho.

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(Edited)

Well I guess after all rather not. There are so many great crypto projects out there, I’ll stick to them. BAT has a dedicated and Interesting utility, but it is also rather centralized and ERC20. I’ll keep my Brave rewards as Moonbags and that’s it, no further investments.

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we are in the phase 1 of mass adoption

then more companies will invest in crypto

until 2025, crypto industry will reach 10 trillion dollars which mean 10x from nowadays

my personal advice to anyone is invest in crypto for your wealth and prosperity

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I have no thoughts of buying any BAT. Enough of what I am earning from Brave browser. Though, BAT is bullish these days.

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I have never taken BAT very seriously but we must recognize that Brave is the best web browser in the world, at least for me it is for the fact of blocking pop-up ads on Youtube videos, that is priceless.

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I don't invest in the token but have been using it for a few years now and converting into bitcoin which has been a nice little faucet. I think they have a good concept but like all things It really needs to be picked up by the masses to give it a boost. To me, this seems to be just a pump before a dump.

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I’m disappointed that they had to remove mobile rewards for apple products because it is against apples App Store policies.

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Love BAT but also the browser it self blows away any other so that's serious value right there!

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I was sending my BAT earned from using their (very good) browser to exchange it for other coins as it was too stable. After this I'm going to hodl.

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apart from getting some with brave I havent been too fond of it as yet, although the idea is useful. i tried logging into my kucoin account and it had actualy increased a bit. i wasnt aware of that there were rewards of any kind. cool stuff!

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I have recently received more BAT than before on my browsing... and I changed nothing on my daily basis... so there must be something going on.

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