An altcoin used for a privacy-focused internet browser could receive a shot in the arm from a recent bullish signal, according to crypto insights firm Santiment.
Santiment says that Basic Attention Token (BAT), which is used as a rewards-based cryptocurrency for the Brave Browser, could rally on the back of recent social media buzz.
Santiment shares data showing a rise in social dominance for the terms “BAT,” “browser” and “brave.”
“BAT and Brave Browser have been trending, following a viral Reddit post with users debating the success or failure of the unique internet browser that offers rewards. The asset itself hasn’t gone outside the altcoin pack, but could get a bit of a boost.”
BAT is trading at $0.207 at time of writing, trading mostly sideways over the last week.
Santiment also has its radar locked on the peer-to-peer payments network Litecoin (LTC) ahead of its highly anticipated halving event. The firm says that Litecoin bulls have been rapidly accumulating coins as addresses that own at least 100 LTC have been on the up and up.
“Litecoin’s upcoming halving on August 2nd is still bringing increased trader enthusiasm. In the past 24 weeks, as more have become aware of it, 1,185 more addresses have been created that own at least 100 LTC. Most expect this to be a bullish event.”
At time of writing, Litecoin is trading for $92.65.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sep21 Studio/cgterminal
