BAT is the utility token of Brave Browser, the browser launched early in 2018. The Nouvive team for the past several months have been regularly testing it to see if it is like the rest of the altcoins. Or there is some difference to it.
What does it do?
BAT is the token that is tradable on all major exchanges, what makes it interesting is that it can be used to circumvent the advertising that is seen on your screen. It has the added benefit of privacy.
Users can pay advertisers and publishers instead of fiat.
Why is it the next coin to watch?
It is in fact usable, it can be used to transfer between publishers, advertisers and users. Whats more is that it has been added to Reddit so that instead of giving users gold, you can tip that in BAT – which can than be used on the Brave Browser and their internal wallet.
The mere fact that you can use it on Reddit means that 30 Million users will adopt both Brave and BAT.
Currently there is 5 Million users on Brave, with a daily average of 20 Million Dollars traded and a Market cap of $230 Million.
Two interesting pieces of news is that BAT is going to be listed on Coinbase, being rumoured to be one of the next coins on Coinbase. This could happen within the next 2 Months.
More-so, it is rumoued to be soon on Twitter so that you can tip individuals for their tweets. If such is the case, another Twitter company, Medium could use it instead of their own subscriptions, all in all bringing a further 100 Million users to the BAT and Brave Market.
Buy the rumour, sell the news.
For those interested in Financial Models
The TAAM or total addressable market for the advertising and marketing markets is $335.5 Billion. It is possible to say that during a Bull run, a coin with high utility and intrinsic value such as BAT could reach $3 Billion Market cap making it a mere close to 1% of the entire market. Which is interesting to say the least.
Im interested, How and What levels should I buy into?
A prudent investor should look to invest into BAT between 0.17 – 0.20 Cents before selling at over $1.
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