It's been a long time since we've heard about Brave on major crypto media channels like Cointelegraph or Coindesk. Although Brave has recently had many updates such as
Leo assistant or
cooperation with Electric Coin Co. and Filecoin Foundation but did not receive interest from investors due to the stagnation of BAT token price.
Price chart shows that BAT price has retraced to Fibo 0.786 of the 2020-2021 bullrun and is currently only breaking EMA34W. It can be considered that BAT belongs to the group of weakest recovery tokens in the market, equivalent to EOS or FLOW, but this means that BAT has a greater price increase potential than tokens that have increased very strongly.
I expect BAT to break out EMA34 to take advantage of the market excitement when BTC Spot ETF will be launched in January 2024 and soon reaches ~$0.7 price level. Every day, market is adding more potential projects with powerful tokens, BAT needs to attract attention and cash flow from investors. If it cannot become popular, BAT is at risk of being forgotten and unable to create a new ATH in 2025.
Anyway, I'm still using Brave every day and believe in BAT's potential ^^
Are you still following this Brave project? What do you think about the future of BAT token in next 2024 cycle?