A Look at Kraken’s Two New Listed Tokens, BAT and WAVES

A Look at Kraken’s Two New Listed Tokens, BAT and WAVES

Today will see San-Francisco based exchange platform extend their exchange listings with the inclusion of two new tokens, Basic Attention Token (BAT) and Waves (WAVES).

Both of these new offerings will go live on Kraken in just a few hours (13:30 UTC, August 22) when full trading is offered immediately, all buy orders will able to take place at this time. With the clock ticking until you can start trading, let’s take a look at what these coins are, how they work and how well they have performed on the market so far.

Basic Attention Token Info

The Basic Attention Token hit the market back in 2016. Operating on the Ethereum platform it supports a decentralized, open-source advertising platform. This is done primarily through integration with the web browser, Brave, on which users can receive BAT in exchange giving attention to the adverts. Hence where the name comes from. They also have the option to contribute BAT to publishers and content producers.

BAT Stats

During the BAT ICO back in May 2016, 1 billion BAT tokens were sold at $0.036, thus generating $36 million USD as a result.  Since then, it has seen an all-time high in value of $0.9807 USD during January 2018, and an all-time low of $0.0662 USD 6months prior in July 2017. Currently, its market value is situated at $0.195167, with a $249,662,636 USD, ranking it as 31st by Coinmarketcap.

BAT Recent Performance

Over the last 24 hours, BAT Token has seen the largest increase in value out of any of the top 100 currencies, seeing a 12.61% increase. However, this follows a period of decline since April 2019, which was preceded by intermittent periods of growth and decline since its all-time high.

It has so far been very much up and down in value over the last 18 months, so it could be suggested that its impressive performance over the last day has come as a direct result of its imminent arrival on Kraken’s book. It will be interesting to see if this growth continues.

BAT will be open to users via pairs BAT/USD, BAT/EUR, BAT/XBT, BAT/ETH when trading going lives.

Waves Token Info

Waves Token (WAVES) has a purpose more centred around blockchain, decentralisation and the cryptocurrency industry at large.

It is used to power Waves blockchain and has a focus on DApps, (Decentralised Applications), offering a browser extension to interact with such apps. It also enables users to create their own cryptocurrencies, it offers support for crypto collections and wallet to allow for storage.

Recently, it expanded its operations into enterprise blockchain space. Waves Enterprise, as it is known, has a focus on corporate use cases and applications for Waves’ services.

Waves Token Stats

Coincidentally, the Waves ICO took place on the same month as BAT, selling fewer tokens for a higher price. They sold 85.16M WAVES at $0.188, generating $16 million in revenue overall. Shortly after this, its all-time low was reached of $0.122684 USD in August of that same year.

It recovered impeccably well after that though and saw an impressive all-time high of $18.07 USD in December 2017, in the midst of the Bitcoin Boom. Today, though, it sits at a significantly lower value of $1.22 USD, with a Coinmarketcap of $122,127,932 USD. Situating it more than 15 places lower on the Coinmarketcap rankings then BAT.

Waves Recent Performance

Waves has essentially seen the whole of 2019 in decline, losing nearly $2 in value per token since January. With this considered, it is currently not on the right track to get back to its all-time high any time soon. Likely, this is why the direction was taken to head in a more corporate direction last month in a bid to see wider adoption. Hopefully, that, as well as this new listing on Kraken can see it head towards recovery.

Trading pairs for Waves are WAVES/USD, WAVES/EUR, WAVES/XBT, WAVES/ETH.

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