BAT was the token of the week when it comes to attention grabbing (pun intended). After a strong rally in anticipation of Coinbase listing, BAT did what every experienced trader expected it do to – it dumped hard. Today is BAT 17% less worth than yesterday and the bottom is yet to be found.
The smart money entered in BAT on time, sold near the peak and probably already filled their bags with one of the new potential Coinbase listings: XLM, ADA or ZEC. The FOMOers were, as always, late to the party and are stuck again with a bag of tokens. The good news is that BAT actually has solid fundamentals and it is bound to go up again but it hurts when you tie your own hands and have to wait it out to break even and start trading again. We all went through it – make sure it is a learning lesson.
Anyone interested in BAT needs to read the Brave roadmap. Ad integration into Brave-core will be ready by release .57x. If you look at their milestone schedule that’s Dec. 4th, the next version .58x is Dec. 20th. The eco-system will be taking off in months, Brave is a game changer.
BAT is the prime candidate to see a real pump, like in the good old days, once the bulls are back in the market and we experience a new wave of investors that will come to Coinbase and see a nice, cheap token they can buy and hope for the moon.
What causes this nosedive?
There is a famous investing adage: “buy the rumor, sell the news.” If you observe crypto markets for a certain amount of time, this advice has been proven true more times than not.
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