Basic Attention Token (BAT) Defies Crypto Crash, Up 15%
With the crypto community still reeling from yesterdays flash crash that wiped $26 billion off the overall market value, those invested in Basic Attention Token (BAT) will still be smiling today.
The blockchain-based advertising token, which plans to revolutionize online marketing for both publishers and advertisers, is up 15 percent in the past 24 hours and 17 percent over the course of 30 days.
The token’s impressive gains can largely be attributed to its listings on both hugely popular crypto wallet and exchange Coinbase as well as peer-to-peer trading platform Circle. There may be more at play though, as several other coins which have similarly been listed on Coinbase recently have not enjoyed such impressive resistance to an otherwise tumbling market.
In a recent podcast interview with the website, What Bitcoin Did, BAT creator Brendan Eich hinted at the possibility of a massive partnership for the project. While he fell short of mentioning the company by name, he gave way just enough details for some to speculate that it may be online publishing giant WordPress. Considering the massive percentage of websites that operate on the platform, such a partnership could be tremendous for BAT.
After yesterdays slump that saw Bitcoin (BTC), Ethereum (ETH) and the majority of other altcoins lose 10 percent or more in value a slow recovery has begun today. BTC is up a meager 1 percent, while ETH, EOS, Litecoin (LTC) and Cardano (ADA) are all enjoying around 3 percent gains. Cross-border payment networks Ripple (XRP) and Stellar (XLM) are faring best out of the top 10 coins, with 6.5 percent and 7.5 percent gains respectively.