Cryptocurrency

Basic Attention Token (BAT) Spikes on Bithumb Listing

Published

7 years ago

November 23, 2018

rsuser

The token jumped nearly 7% on Thursday afternoon UTC as Bithumb opened a Korean won market for the BAT.

Basic Attention Token (BAT), an ERC20 token inside blockchain-driven advertising platform, leaped around 7% on a daily basis on Thursday as Bithumb, one of the largest crypto markets, added the asset to its trading roster.

The Korean exchange listed one trading pair for BAT with the country’s fiat currency, the won, at 07:30 UTC on Thursday. The asset began to spike two hours earlier when Bithumb opened deposit services as a preparation for the trading. The positive trend continued through the whole morning and the early afternoon.

More than eight hours after the Bithumb listing, Basic Attention Coin changed hands at $0.17, which was a 6.80% increase on a daily basis. The cryptocurrency clocked $10.7 million in trading volume for the last 24 hours to 15:47 UTC. Binance was the largest BAT market as it pairs with Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) accounted for nearly 49% of the asset volume, or $5.2 million. On the second place was UpBit because its BAT pairs with Korean won, BTC, ETH, and Tether (USDT) achieved $2.5 million (23.2%) in trading. Bittrex’s Bitcoin, Ethereum, and Tether markets clocked $984,408 (9%) of the Basic Attention Token trading for the last day, according to Coinmarketcap data.

Currently, BAT sits at number 29 in the cryptocurrency market capitalization list with $209.4 million in value.
Basic Attention Token

BAT is a non-minable open-source coin built on top of the Ethereum blockchain. It was founded in California in 2017 by Brendan Eich, the creator of JavaScript and Mozilla Firefox. The asset was introduced through an initial coin offering (ICO) on May 31, 2017, raising about USD 35 million in 24 seconds.

Basic Attention Token works as a payment vehicle inside the BAT platform. The DLT-driven advertisement network allows direct communication between publishers, advertisers, and users. The platform is part of the blockchain browser Brave.