Is Basic Attention Token (BAT) a good investment option right now?

Basic Attention Token (BAT) has become mainstream thanks to its massive surge in recent days. It saw more growth than the big coins. Additionally, it deserves attention from an investment standpoint as it is not just a passing trend.

Basic Attention Token in the last 3 days

In the past 3 days, BAT is up 94.53% and yesterday was the most profitable day in its history. Real profits rose to an all-time high. However, they crashed shortly afterwards.

BAT price promotion | Source: TradingView

Of course, investors could not miss this opportunity, they sold many BAT stocks in the midst of market power. More than 20 million BATs have left investors’ wallets and made their way onto exchanges.

The largest contributor to this increase is made by whales. Trade figures show that whale movement has hit an all-time high in the past three days with more than 900 trades. Each transaction is worth more than $ 100,000 and another 30 worth $ 1 million each.

Trade in whale BAT | Source: Santiment

Large deals (transactions valued at more than $ 100,000) have grown from an average of $ 10 million and $ 100 million to $ 435 million.

Some Long Term Owners (LTH) have also sold and it’s no surprise that every time a whale is sold, LTH tends to follow suit. Thanks to these movements, the network grew by 200% in those 3 days.

Growth of the BAT network | Source: Santiment

This is good news for BAT investors as the entire month was devoted to consolidation. Currently, BAT’s correlation with BTC is negative, suggesting that its rebound is very significant.

Correlation between BAT and BTC | Source: Intotheblock

But while the exact reason for this rally is unknown, it could be related to the Brave browser as it has the month with the potential to reach 40 million active users.

Put simply, BAT is indeed a good investment option even though its market cap has just passed the $ 1 billion mark. Also, despite the positive whale movement in the past 3 days, the concentration of whales in the total supply is only 41%, making it a safe investment.

BAT. Sales address | Source: Intotheblock

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

Mr. Teacher

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