Alex has been an investor for years now. He has investments in the stock market, cryptocurrencies, bonds, and the United States Treasury.
What Is Basic Attention Token?
Basic Attention Token, or BAT, is a cryptocurrency that has some relation to Ethereum. It has become popularized through its use on the Brave browser, which allows users to earn BAT by watching ads. It is included on Coinbase.
It's a fairly cheap token, currently (in July 2020) selling for $0.25. It hasn't reached near the heights of Bitcoin, but it did once come close to $1.00 per token.
Will Its Value Rise Like Bitcoin?
I doubt that BAT will show an increase any time soon as seen with Bitcoin. However, rises are certainly possible. I will add that losses are equally possible. Although not at an all-time low, the price is fairly reasonable at the moment. The token does seem to move in value similarly to Bitcoin. If Bitcoin has a high rise, it seems likely that BAT will as well.
Is It Worth Investing?
This really depends, in part, on the finances of the investor. BAT could prove to be a worthy investment, but no one really knows for sure. I would advise investors to consider alternatives that come with interest.
If you do happen to invest in BAT, don't expect immediate results. The cryptocurrency market feels like it is stabilizing recently. I would definitely not invest for short term reasons. All of my cryptocurrency investments are intended to be very long term.
One way to acquire BAT is by watching ads in the Brave browser. For those who don't have much money, this could be an option.
Does BAT Give Interest?
Even though I love this currency, it does not offer interest. The primary hope for many investors is that the currency will significantly rise again in value. Its value has been rising and falling in a similar way to Bitcoin's. Watching Bitcoin's behavior can help one predict where BAT is at.
A Batty Conclusion
Don't use money that you don't have to use. That's number one. I doubt there will be any great short term investment usage in BAT. I am in it for the long haul.
Will BAT ever prove worthy of our money? No one knows, but I suspect that its value will increase. This is partly because of its use in the Brave browser, as well as its inclusion on Coinbase. Investing takes a lot of patience. Let me know your thoughts in the comments.
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
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© 2020 Alexander James Guckenberger
DowntroddenInDC from Houston, TX on July 20, 2020:
100% Have been bit on BAT for a long time, and if you haven't already done so, sign up for Brave Content Creators. Also check out PreSearch (https://www.presearch.org/signup?rid=1175971) which is an add-in that works in Chrome, Brave, FireFox, etc., but pays you in a PRE (an ERC-20 token) and I hope will end up being a Google killer!
Miebakagh Fiberesima from Port Harcourt, Rivers State, NIGERIA. on July 06, 2020:
Alex, if it's free, is it safe and secure, i mean malware free? Because most browsers come with virus, trojans, and spy worm. Thanks.
Alexander James Guckenberger (author) from Maryland, United States of America on July 06, 2020:
It is free. :)
Eric Dierker from Spring Valley, CA. U.S.A. on July 05, 2020:
Interesting stuff. I worked on a "Travel Coin" deal for a bit. Very interesting.
Miebakagh Fiberesima from Port Harcourt, Rivers State, NIGERIA. on July 05, 2020:
Alex, just one question struck my mind. Is the Brave Browser a free ware? I've not heard of it. Thanks.