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How Risky is it to Invest in BAT in 2019?

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After a bearish 2018, many investors were hoping that the cryptocurrency market will have a fresh start in the new year. The idea was to shake off the bearish grip and have another rally that will take digital coins back to the old glory, or possibly reach entirely new heights.

However, an entire month has passed since then, and the market has yet to show any real signs of recovery. Most cryptocurrencies are still trading in the red, which has caused investors to carefully consider their future investments and only focus on the coins that are the most likely to have a prosperous future.

While the crypto market is vast and it consists of over 2,100 coins and tokens at this point, there are some of them that are attracting more attention than the others. Stepping away from the top 10 cryptocurrencies by market cap, a lot of investors are interested in what to expect from Basic Attention Token (BAT)?

About BAT

BAT is a coin that is currently being used within Brave browser, with the goal of revolutionizing the way different companies interact with their consumers. BAT has promised companies the possibility of changing how online advertising works, and the change is expected to be highly beneficial to everyone involved.

So far, companies that wanted to advertise their products or services online had to go to large, established websites, including social media sites like Facebook, search engines like Google, or video platforms like YouTube, among others. These websites would receive payments, and in return, they would advertise the companies to their consumers.

The trouble lies in the fact that consumers were not interested in viewing ads, and had no real incentive to do so. Brave hopes to change that by blocking the ads by default and providing users the ability to watch them only when they want to. In return, they get paid in BAT token.

The idea was interesting to the community and companies alike, and many have opted to abandon browsers such as Firefox or Chrome and use Brave instead. However, the ability to view ads and get paid has yet to be fully implemented, although it is expected that it might happen at some point in 2019.

Once the coins start coming in, they can be used for tipping various online content creators and users’ favorite websites. Brave will also allow the withdrawal of the coins, which can then be exchanged for other tokens or fiat currencies, although it will likely be a while until this feature is included.

Is BAT a good investment?

So far, we have seen that BAT has an excited community and an interesting use case. In addition, it has the potential to revolutionize the entire advertising industry, which makes the coin very valuable in the eyes of companies and consumers alike.

It should be noted that the development of the project has been advancing relatively slowly in recent months, with a lot of issues that needed taking care of. Even so, the project is advancing, and more users are discovering BAT and Brave every day. With an expanding community and growing support, BAT is likely a coin that will become quite popular in the future, provided that all the systems and features arrive.

As such, it may be considered a good long-term investment. If the project kicks off later in 2019, the same might happen to BAT’s price. The price is currently rather low, being only $0.109612 per coin. BAT’s market cap is currently at $134,817,358, which has placed it at the 37th spot on CoinMarketCap’s list of largest cryptocurrencies.

However, as mentioned, BAT still has the potential to grow, which is likely to happen once it starts delivering the promised features.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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