The signs of an altcoin rally could be seen in the cryptocurrency market as every other day, a new coin rallies while bitcoin keeps steady under $10,000.
It is none other than the 31st largest cryptocurrency by market cap which recently faced a lot of criticism for blowing up the whole reason it exists in the first place.
BAT has been showing some signs of decoupling from bitcoin and the increase in its daily active addresses is a big reason for that. Not to forget, it had a recent spike in its social dominance.
“As DAA rises sharply, price gains generally follow,” pointed out Santiment.
Currently, BAT is trading at $0.251, up 17.24% the past week, and recording 37.96% gains YTD. According to analyst Benjamin Blunts, BAT has the potential to jump to $0.4425.
“I am so damn bullish on bat its not funny. Not only does bat/btc look like theta did before it mooned but bat/usd looks exactly like ada which is already mooning,” said the analyst who has added $BAT term and the bat emoji to his twitter name.
“BAT/BTC looks to me exactly like THETA did before it went on a 1000% run, just sayin,” he added.
Brave Browser in the Limelight
Earlier this month, Brave Browser announced that it has now surpassed 15 million monthly active users and 5 million daily active users, representing a 2.25x MAU growth in the past year.
Over 1,500 ad campaigns were delivered since Brave Ads launched one year ago. But over the weekend, they got into a big blunder after it became public that Brave has been redirecting URLs from its partner Binance and others to affiliate links that Brave profits from.
An open-browser, Brave was designed to prioritize privacy by blocking third-party ads and trackers.
Brave co-founder Branden Eich then took to Twitter to apologize and share that they are “removing provide completions to Brave’s address bar type-in.”
Many users weren’t satisfied with Eich’s apology while some have taken to never using the browser again.
Recently, Brave that made a name for itself by putting user privacy first received much exposure after podcaster Joe Rogan who signed a major deal with streaming service Spotify revealed that he uses Chrome rival Brave to avoid internet ads.
“There’s so much value in knowing what you’re up to; knowing where you’re going, what you’re buying, what you’re saying,” said Rogan.
There are also reports of the crypto-powered browser collaborating with popular Korean pop group BTS and Japanese e-sports team Rush gaming.