Basic Attention Token [BAT] surges by over 9% in an hour, undergoes immediate correction

The cryptocurrency market had been keeping the crypto community on the edge of their seat. With great volatility, major cryptos like Bitcoin [BTC] had reached new milestones this week. Altcoins were not so far off in the race as Basic Attention Token [BAT] achieved a growth of over 9% in an hour on May 18.

Source: Trading view

Source: Trading view

According to the one-hour chart of BAT, the token noted a growth of 9.32% in an hour, after which it slipped further. According to CMC, the coin was valued at $0.3945 with a market cap of $497 million. The 23rd largest coin registered a 24-hour trading volume of $64 million as it noted a growth of 11.32% over the past day. Over the past seven days, the coin spiked by 9.77%.

The crypto-community was amused by the growth registered by the coin over the past few weeks. A Twitter user @Cyptolete1 exchanged his Ethereum [ETH] for BAT. The user said:

“just sold all my $ETH for a 1.5% loss and went all in on $BAT”

The sudden surge in the price of BAT can be attributed to Coinbase’s Earn project, where the users can earn crypto by learning. Along with that, the highly anticipated HTC phone Exodus 1 phone was revealed with an inbuilt feature for crypto-users to earn BAT.

BAT was highly traded on ZB.COM via the BAT/USDT pair as it noted a volume of $9.93 million. The second place was taken by Coinbit with a trading volume of $9.77 million via the BAT/KRW pair. The third place was taken by CoinBene as it reported a volume of 8.63 million via BAT/BTC pair.

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