So, is the Basic Attention Token a good investment going into 2022? Well, I’ve got to start things off by letting you guys know, I used to own this coin. I bought it at 17 cents and sold it for 20-ish cents. I made a huge mistake on that, and I know we’ve all been there in crypto where we’ve sold too early. For those of you that don’t know what this coin is, I want to talk about that first. Basically, the Basic Attention Token is a cryptocurrency intended for digital advertising for creators and consumers. It’s been around since 2017, runs on Ethereum and it’s connected to the Brave Browser. What they’ve done with this project is incredible. Let’s talk about how it works.
How Basic Attention Works with Brave Browser
Basically, users maintain privacy as they earn BAT for viewing ads. Then publishers and creators earn ad revenue and user contributions as well as tips. Then Braves anonymous accounting lets advertisers know their ads are effective without violating privacy. What’s crazy is the Brave Browser runs on Google chromium so it’s competing with Google Chrome. Current monthly active users are 38.9 million, and daily active users 13.4 million. They’ve also got a huge network. They’ve got 674K YouTube verified creators, 177 Twitter verified creators and 91K Twitch verified creators, which is crazy.
Price Prediction 2022
If you’re thinking about holding BAT long-term because truthfully, and this is not financial advice guys, I could see this coin doing a 10 to 15 X in price. That would put around $12-$16 dollars on the higher end. I think the project is that good. I think this is a sleeper, somewhat of a hidden gem, people know about it, but I would do your own research on it for sure. From my perspective, I would just buy some of it to diversify because, it’s cryptocurrency. You don’t know what’s going to happen, but I do want to show you, I own some of this on BlockFi. (watch above video)
I currently have around $2500 in BAT Token on BlockFi because you can earn up to 3.25% interest just for holding it here. Now that is capped off. If you own over 4,000 coins on BlockFi the interest rate goes down. However, it’s still awesome to get passive income on crypto for doing basically nothing. It’s also good if you’re not much of a trader as well.
Final Thoughts on Basic Attention Token
When you look at the current market cap on BAT it’s still very low and has a lot of potential. Obviously, they’ve been growing this project for years and it’s just a matter of time. It is sort of a ticking time bomb with the BAT token and eventually it’s going to do that big pop off. In the meantime, staking it would make a lot of sense to earn some passive income while you wait for the coin to appreciate. Obviously on BlockFi, you can do that.