The Ethereum token BAT has continued its dramatic week-long ascent this Monday, triggered by the positive fundamentals related to its role in Brave’s web browser and ecosystem, as well as the speculation that the cryptocurrency will soon be listed on Coinbase. This is what the daily cryptocurrency news and recent altcoin movements are all about.
For the ones who don’t know it, BAT (short for Basic Attention Token) is an altcoin that increased 14% against the USD on Monday, eclipsing to $0.30 before settling down to its current value of $0.287. The weekly’s return of the token now stands at 56% which gives it the best return among top 50 cryptocurrency assets.
As many analysts reported, this rally may be partially connected to the recent overhaul of Brave’s desktop browser which gives BAT a more central role on the platform and advances the cryptocurrency rewards program into beta.
Currently, BAT ranks just31st in the total market cap with a valuation of $281 million. The remaining three coins all rank in the top 20, while two of them – Cardano (ADA) and Stellar (XLM) – are within the top 10.
The fact that Coinbase recently listed 0x which is an Ethereum token programmed to the ERC-20 standard could have speculators believe that BAT has fewer barriers to getting listed on Coinbase than the other higher-priced coins.
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“As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies.”Nabuilna explained that CBR is still unsure whether to use cryptocurrencies and how they could be launch into Russia’s monetary system but the idea of a zero-volatility digital asset is inviting:
“The CBR, in principle, is opposed to cryptocurrencies being launched into our monetary system. We do not see the possibility that cryptocurrencies fulfill the function of monetary surrogates. We have prepared an analytical report and will soon present it which will analyze what cryptocurrency is, what is happening in the world, what approaches different countries to have, and what regulation is envisaged. And, if the phenomenon of cryptocurrency in any perspective may cause risks to our macroeconomic stability, we need to understand that.”As noted in one of the best cryptocurrency sites, Russia is under significant economic sanction from the United States.
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