{"id":3267,"date":"2021-12-30T03:41:16","date_gmt":"2021-12-30T03:41:16","guid":{"rendered":"http:\/\/egrowonline.com\/?p=3267"},"modified":"2021-12-30T03:41:16","modified_gmt":"2021-12-30T03:41:16","slug":"why-bats-hodling-trend-is-worth-looking-at-despite-alts-volatility","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=3267","title":{"rendered":"Why BAT’s HODLing trend is worth looking at despite alt’s volatility"},"content":{"rendered":"


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Basic Attention Token<\/a> has been in a positive state for months now. But, after hitting a new all-time high last month, the altcoin has been stuck in a downtrend. The past week finally saw BAT record considerable recovery, with investors jumping at this opportunity.<\/span><\/p>\n

BAT has everyone\u2019s attention now<\/strong><\/h4>\n

Driven by the fear of loss, investors sold their holdings for profit-taking and the same can be verified looking at the state of on-chain metrics.<\/span><\/p>\n

The total supply on exchanges shot up by over $10 million BAT, equivalent to $12.2 million. <\/span>In fact, a part of this selling also came from many whales as their volumes climbed to $60 million from $7 million.<\/span><\/p>\n

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BAT whale volumes <\/em> | Source: Intotheblock \u2013 AMBCrypto<\/a><\/p>\n<\/div>\n

This transpired because the 34% hike observed throughout the week was followed by an 11.7% drop in 24 hours. This price fall invalidated more than a third of all the gains made over the last few days.<\/span><\/p>\n

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BAT price action <\/em> | Source: TradingView \u2013 AMBCrypto<\/a><\/p>\n<\/div>\n

Furthermore, the aforementioned week also saw a bunch of long-time holders sell their BAT for profit as they managed to consume over 16.4 billion days in 72 hours.<\/span><\/p>\n

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BAT age consumed <\/em> | Source: Santiment \u2013 AMBCrypto<\/a><\/p>\n<\/div>\n

This is surprising because BAT is known for being a HODLer-dominated altcoin. The average holding time of BAT on an address is about one year.<\/span><\/p>\n

This is why we can also see that most of the investors on the network aren\u2019t regular traders, but strictly long-term holders.<\/span><\/p>\n

Presently, after 72% dominance from LTHs, the BAT network has about 25% dominance of investors who bought their BAT less than a year ago.<\/span><\/p>\n

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BAT investor distribution <\/em> | Source: Intotheblock \u2013 AMBCrypto<\/a><\/p>\n<\/div>\n

Also, daily traders or short-term holders contribute less than 2.6% to this investor distribution.<\/span><\/p>\n

This is why BAT holders aren\u2019t bothered usually by such price falls and rallies since they basically HODL.\u00a0<\/span><\/p>\n

As for new investors who want to cash in on this opportunity, now might be a good time since BAT is finally realizing profits after almost a month. However, since the price fall yesterday, one might want to jump in after a couple of green candles are registered on the chart.<\/span><\/p>\n

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BAT is in profits again <\/em> | Source: Santiment \u2013 AMBCrypto<\/a><\/p>\n<\/div>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Basic Attention Token has been in a positive state for months now. But, after hitting a new all-time high last month, the altcoin has been stuck in a downtrend. The past week finally saw BAT record considerable recovery, with investors jumping at this opportunity. BAT has everyone\u2019s attention now Driven by the fear of loss, […]<\/p>\n","protected":false},"author":1,"featured_media":3268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[1590,2729,2730,654,1740,341],"class_list":["post-3267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-alts","tag-bats","tag-hodling","tag-trend","tag-volatility","tag-worth"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/money-g193ff88d1_1920-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3267"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3267\/revisions"}],"predecessor-version":[{"id":3269,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3267\/revisions\/3269"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/3268"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3267"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}