Can BAT reach $1?

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4 years ago

Most people would never understand what I'm trying to say there. Most people see crypto as a magic money machine where you input $100 and turn it to $10 billion in 3 days. To them I say: Good luck and all the best.

Personal ranting aside, let's get into today's article: Can BAT reach $1?

That's a very realistic goal. BAT currently trades at about $0.30, so $1 is about a 3x from here. 

I believe that it is possible we see BAT at $1 before the end of 2020, or worst case before the middle of 2021. Here's why:

  • Very little competition: Literally no one has come up with a working product to compete against BAT. It seems odd, but it's true. There is no direct competition to BAT, and there probably won't be because of how much time BAT has had to front run the rest of the game.

  • Great partnerships: BAT has some amazing partnerships with both real and crypto world companies. We all know how important partnerships are for the growth of a coin, and BAT is no exception.

  • Real world companies already use it: I've come across ads from Apple and Amazon while browsing on my Brave browser. A friend in Germany also said he encountered an ad from Amazon. Which basically confirms that big companies are partnering with Brave because they see the utility.

  • Medium sized market cap: In my opinion, BAT's market cap is far from where it needs to be right now. It's still a mid cap coin, and a 3x should promptly make it a top 15 coin by market cap.

  • Cheap price: BAT is really low priced. If stuff like YFI can be worth 30000 dollars, and it's simply vaporware, what do you think something like BAT with real utility would be worth

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