Winklevoss brother’s founded cryptocurrency trading exchange Gemini will list Basic Attention Token (BAT) token May 5th, 2020 at 12 PM ET. Tyler Winklevoss broke the news to the world via his twitter handle citing this is as Gemini’s effort towards making a better internet.
BAT Token Listed At Gemini, Is This The Right Time For Listing?
Currently, as per data available from coinmarketcap, BAT token is trading at a market price of $0.188895 and a market cap of $27,53,20,215. BAT token currently is available for trading at famous exchanges like Binance, Kraken, OKEx etc. and it touched an all-time high price of $0.95951 on 9th Jan. 2018. BAT currently trading at about -80% of its all-time high price and the listing at Gemini will definitely boost the market cap and price of the token.
BAT is considered as a step to address the challenges faced in online advertising due to the monopoly of giants like Google and Facebook. It aspires to bring transparency and fair play to an otherwise centralized Ad industry. Tyler Winklevoss shared this news via his twitter handle and considered as a step closed to a better internet. Normally exchange listings result in a surge of prices for tokens/coins but this time with all eyes on Bitcoin due to it’s upcoming Bitcoin Halving and it will be tough for BAT token to attract investors.
— Tyler Winklevoss (@tylerwinklevoss) May 1, 2020
Considering the rise in prices of top 3 coins, Bitcoin, Ethereum & XRP, the timing of BAT Token’s listing is amid Bitcoin halving is questionable as currently traders are deep into these coins and altcoins are facing tough times.
What’s your opinion, do you think this was the right time for BAT token’s listing?