RE: Predicting where Basic Attention Token goes next
Brave is a great project, but I'm not convinced about holding BAT as an investment for now.
There are 300 000 000 BATs in the user growth pool, which at today's price means that about 45 000 000$ will be given away. I assume most of these will be instantly sold by users, and with the current market conditions this doesn't appear sustainable. And there will be the same problem when users will be paid to watch ads: most people will not hold it.
Also, assuming an upcoming bull market for cryptocurrencies, I don't think BAT will rise as much as the other cryptos, because it lacks important attributes that a crypto should have. Such as decentralisation, low fees and fast transaction speed (granted BTC and ETH share two of these problems, which is why I'm bearish about them also).
I would be glad to be proven wrong however, as this project could greatly help to grow awareness in cryptocurrencies.
Posted using Partiko Android