How Risky is it to Invest in BAT in 2019? - Global Coin Report
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How Risky is it to Invest in BAT in 2019?

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BAT

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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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