Photo Credit To ICO News Watch Via Flickr
Kraken, the crypto exchange based in the USA, recently added support for the BAT and WAVES tokens. The announcement that they would add the coins was made on August 21. Kraken said at the time that it would list the coins on August 22. Trading pairs for the two tokens include ETH, BTC, and fiat currencies such as USD and EUR. According to the announcement, execution of the first trades might take longer since sell orders can only be placed when deposits have been credited.
What is BAT?
BAT is a crypto coin that runs on the Ethereum blockchain. It is the native token for the Brave browser, which is a decentralized browser. The token is designed to make it easier for content creators to be paid and how ads are delivered to users. This browser makes it possible for users to get BAT tokens when they watch an ad. The token was released to the market in 2016. Additionally, users can send tokens to publishers of content.
During the token’s ICO in May 2016, a billion BAT tokens were sold for $0.036 each. This netted the developers of the project $36 million USD. Since the ICO, the token hit an all-time high of $0.9807, which happened in January 2018. Its all-time low was $0.0662 in July 2017. It is currently selling at around $0.189339 and has a market cap of $242,207,606. The token is ranked 33 in terms of market cap.
Recent Performance of BAT
Shortly after the announcement, the price of BAT shot up by around 13%. This follows a level of continuous decline since April this year. During the last week, BAT has not responded as well as some people thought. If we take a look at the price action the last 7 days, we will see that BAT is only +3.38%. We will see if the Kraken listing can change the overall sentiment in BAT, as the token is down about -47% the last 3 months. Sometimes these announcements need some time to soak in before you see the full effects. The past 18 months have been full of price fluctuations for the token. Its recent price boost was likely due to the announcement that it would be listed on Kraken.
What is the WAVES Token?
The WAVES tokens powers the Waves blockchain platform. This platform allows users to create their own tokens and is one of the fastest-growing blockchains globally. The Waves token is ranked 47th by market cap, which is $130,811,229. Each WAVES token is currently selling at $1.3. It the past 24 hours, it has lost about 0.69% in value. The project recently expanded to the Enterprise prices with Waves Enterprise, whose focus is corporate players who want to enter the blockchain space.
Stats for the WAVES Tokens
The WAVES ICO was held on 2016 May. 85.16 million Waves tokens were sold for $0.188 each and the ICO managed to raise $16 million. It later hit its all-time low of $0.122684 in August of 2016. The token’s all-time high was achieved in December 2017, during the crypto bull run, where each token was selling for $18.07.
In 2019, Waves has been in continual decline. Since January, it has lost about $2 per token. Its decision to go corporate a month ago might have informed by this. The company behind the token is trying to increase its utility to boost its price.