Even though plenty of people had high hopes for Basic Attention Token, the market’s true colors are becoming apparent. After massive uptrends due to the Coinbase listing announcement, the actual trading of BAT has caused an adverse effect. A massive dip in USD, BTC, and ETH value has been recorded over the past few hours, and things are only growing worse.
It is quite evident the demand for Basic Attention Token is not what most people expected whatsoever. After a few weeks of solid upward price momentum, things have significantly turned around. While that doesn’t necessarily mean BAT will not go through another uptrend in the future, it is evident the current price is closer to reflecting the real value of Basic Attention Token.