Basic Attention Token (BAT) Bullish or Bearish-The Best Cryptocurrency to Invest in 2019

Ethereum-backed digital currency, BAT,  dedicated to disrupting the digital advertising sector. It functions as an ad exchange network designed to connect users, publishers, and advertisers. Let’s take a look BAT’s potential to increase by 200% by year end. For BAT to achieve this its current price must reach $0.88 before the year ends. Market trends show the digital asset is actually on course to reach this point eventually.

Basic Attention Token BAT Long Term Prediction

BAT/USD is trading between $0.25 – $0.30. The market surged significantly after completing a bearish reversal in February 2019.  If BAT/USD breaks above the $0.30 resistance position, we can expect it to reach $0.36 and $0.40 which are higher resistance levels.

If the buyers continue to be bullish and manage to break above $0.50, we can expect more resistance at $0.55 and $0.59.

Above the $0.60 price position we can expect that the market will tackle the 618 Fib Retracement position which is $0.71. After this it will be free to test $0.88 completing the 200% increase.

BAT News-BAT Price

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The Basic Attention Token (BAT) is showing great promise. The digital asset has seen a 101% price increase over the last 3 months. Now the 22-month-old protocol is ranked 24 on the list of top cryptocurrencies holding a $334 million market capitalization.

The current state of affairs in the crypto space is uncertain as many await the next crypto bull run. This has led to many (including experts and investors) asking the question, will crypto ever recover from the current market patterns? Investors have been concerned and reluctant to pursue investments in the space due to the extended bearish season. However, there may still be a glimmer of hope because experts have predicted that the next crypto bull run is looming on the horizon. With this in mind investors will be on the lookout for the best cryptocurrency to invest in 2019.

Is BAT the best cryptocurrency to invest in 2019?

 The long-term outlook for BAT shows that it arguably the digital asset with the potential to actually increase by 200% in the next 9 months and reach 0.88% by year end. The BAT market must first break above its current resistance position at $0.30 before moving above $0.50 to tackle the $0.88 position completing the 200% increase. The reason for this increase is the Brave browser.

A solution provided by BAT, Brave will tackle the issue of privacy. As the need for privacy goes higher, Brave is expected to be the first choice for users when it comes to privacy focused browsers. It will help increase the rate of adoption which will cause the market to drive higher. Brave will be an easier option for users considering that it is faster than its competitors. As more high-profile individuals recommend switching to Brave, BAT adoption will continue to increase. Source: Smartereum

The Best Cryptocurrency to Invest in 2019

According to the news of tradingstrategyguides; here is a list of the most promising, best cryptocurrencies to invest in for 2019.

Best Cryptocurrency to Invest 2019: Bitcoin (BTC)

Bitcoin is a very obvious choice for the best cryptocurrency to invest. BTC is by far the biggest cryptocurrency and the oldest coin owning more than 40% share of the total cryptocurrency market cap.

It’s very unlikely that Bitcoin will lose its status too quickly which is the reason why BTC remains one of the safest and the best cryptocurrency to buy right now.

Taking everything into consideration for our 2019 cryptocurrency forecast we can pretty safely assume that Bitcoin price will remain elevated.

Best Cryptocurrency to Invest 2019: Ripple (XRP)

Ripple remains a low risk investment. This makes it a safer play, but still make some small profits if a bull market is on the corner for 2019. However, if you want something to maximize your profits, we think Ripple cryptocurrency is the best cryptocurrency to invest in. The company behind Ripple is building a massive international network, with hundreds of members. Those are banks, payment processors and liquidity providers.

Ripple can become an alternative for the SWIFT system currently used for international monetary transfers that has been in used for 45 years and every major bank in the world uses.

It might be a good time to buy Ripple, which is down almost 70% from its all time high of $3.4 reached in January 2018.

Best Cryptocurrency to Invest 2019: Basic Attention Token (BAT)

Basic Attention Token is a cryptocurrency token designed to bring a new way of sponsorship on the internet. The internet is mostly based on paid advertisement. When you open a website there are always a bunch of ads.

That reliance on add revenue and monetizing the content through ads is what makes BAT a good candidate for the best crypto of 2019.

Best Cryptocurrency to Invest 2019: Ethereum (ETH)

During the strongest cryptocurrency bull market, Ethereum price skyrocketed slightly closer to $1600 reached on 13 January 2018. At that time, the Ethereum market cap was around $138 billion. ETH grew by almost 3000% making one of the best cryptocurrency to invest 2017.

ETH is not just a cryptocurrency, it’s a more advance blockchain technology than bitcoin. This technology allows other blockchain projects to be lunched on the Ethereum platform.

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Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.