• BAT coin price jumps 20% in 24h, driven by Brave browser user growth.
• On-chain activity spikes 72%, boosting BAT coin demand and utility.
• Technical breakout from descending channel signals further bullish momentum.

Basic Attention Token has emerged as one of the standout performers in the cryptocurrency market today.

The Basic Attention Token price has surged 20% past $0.27, adding to its 60% growth during the past week.

This price surge places BAT coin well ahead of broader altcoin recovery trends and highlights the growing impact of the Brave Browser ecosystem on the token’s utility.

Brave Browser milestone fuels BAT price rally

The rally in BAT coin price is closely tied to the increasing adoption of the Brave browser, which recently announced it had surpassed 101 million monthly active users.

With 42 million daily users, the platform boasts a DAU/MAU ratio of 0.42, indicating strong user engagement and retention.

Brave continues to expand its ecosystem by integrating privacy-first features such as ad-blocking, tracker prevention, storage partitioning, and a dedicated AI assistant named Leo.

The Brave Wallet also supports shielded Zcash transactions and Web3 interactions, positioning the browser as a comprehensive digital ecosystem rather than merely a privacy tool.

Furthermore, BAT plays a central role in this environment, powering the browser’s rewards system.

Users earn tokens by viewing privacy-respecting ads and can tip content creators or convert BAT into other cryptocurrencies.

The combination of increasing user numbers and high engagement has amplified on-chain activity, with a 72% surge in BAT transfers and consistent accumulation from large holders.

As a result, the BAT coin price has benefited from both the scarcity of circulating supply and the heightened demand from a rapidly expanding user base.

Trading competitions and technical signals add momentum

The price surge has been further supported by short-term trading catalysts.

Biconomy recently launched a BAT trading competition with an $8,000 prize pool, driving significant volume to the market.

Over a 24-hour period, BAT trading volume increased by more than 200%, reflecting both retail and institutional interest.

While competition-driven activity can inflate short-term trading, on-chain data suggests that much of the trading has been sustained by genuine interest from investors rather than purely speculative movements.

From a technical perspective, BAT coin has broken out of a descending channel, closing above key support levels near $0.21.

The MACD histogram turned positive, and the 7-day SMA has now flipped to provide support, signalling bullish momentum.

Traders are targeting the 161.8% Fibonacci extension at approximately $0.2896, though the RSI is nearing 74, suggesting that some consolidation may occur before further upward movement.

The key support levels to watch remain around $0.2410, reflecting a 50% retracement of November’s rally.

A social token and a privacy-focused cryptocurrency

Beyond technical and trading factors, BAT coin occupies a unique position as both a social token and a privacy-focused cryptocurrency.

The Basic Attention Token ranks as the 14th most widely distributed token on-chain, with over 437,000 holders, highlighting its broad reach.

Its integration with Brave allows users to engage in privacy-respecting digital interactions, providing a sustainable use case that extends beyond speculative trading.

The platform’s ability to handle nearly 20 billion annual searches, including AI-generated queries, demonstrates that Brave is evolving into a digital ecosystem capable of supporting significant BAT utility.

While BAT faces competition from other privacy-first browsers and must navigate regulatory changes, its combination of strong on-chain activity, expanding user base, and structural adoption trends indicates potential for sustained growth.

As the market approaches year-end volatility and trading competitions conclude, eyes are on whether the Basic Attention Token price can maintain momentum or experience consolidation.

While integrating ChatGPT on Bing is already a thing, Microsoft is reportedly working on integrating crypto market enthusiasts into its fold with an upcoming product. The tech giant is said to be working on a non-custodial crypto wallet for its Microsoft Edge browser. It will be a built-in Ethereum wallet, according to some leaked screenshots of user interface from the upcoming product. More interestingly, the crypto wallet will be accessible on the browser without the need for downloading an extension.

Also Read: Binance Finally Responds To U.S. Regulatory Concerns; But Fails To Provide Financials

In-Built Crypto Wallet In Edge

The upcoming feature, which allows crypto and NFT access, describes itself as a wallet that provides simplified experiences that make Web 3.0 experiences easier to interact with. The wallet’s intro page shows the following message before setting up an account for the Edge wallet:

“This is a non-custodial wallet, meaning you are in complete control of your funds. We will not have access to your password and recovery key. It is embedded in Edge, making it easy to use without installing any extension.”

The wallet feature also allows users to browse various marketplaces to find non fungible tokens (NFTs). Hence, with Microsoft already pushing its artificial intelligence venture with ChatGPT aggressively, combining the technology with crypto could likely unlock new opportunities.

Also Read: Hedera’s Patented Token Recovery System To Go Live Soon; What It Means For HBAR Price?

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Reach out to him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

• Cardano chief Charles Hoskinson announced that the smart contracts programming language Haskell can now run in the browser.
• The Haskell language addresses some of the shortcomings of JavaScript allowing developers to write performant, correct, and maintainable code.

In the latest announcement on Wednesday, December 14, Cardano chief Charles Hoskinson announced that their native smart contracts programming language Haskell can run in the browser.

It took awhile, but haskell now can run in the browser. I wonder what Haskell to Javascript means for the industry? https://t.co/mpm6XWS1sK

— Charles Hoskinson (@IOHK_Charles) December 14, 2022

Haskell is a purely functional programming language that can handle a wide range of applications. It has an expressive syntax and a very rich built-in architecture. Cardano founder Charles Hoskinson has been quite optimistic about the capabilities of Haskell.

Cardano’s smart contracts and Marlowe, the domain-specific language for financial smart contracts, run on the Haskell programming language. Additionally, Cardano’s on-chain and off-chain codes are both written in Haskell.

One of the reasons Cardano’s Hoskinson chose Haskell is because it allows Plutus and Marlowe smart contracts to be built in a precise, formally proven language. This helps to deliver a high level of assurance right away. Now that the Haskell language can run in the browser, it would make the job of developers easier.

Cardano’s engineering team noted that they merged a new JavaScript backend into GHC recently. Thus, in the next release of GHC, it would be able to emit code that can run in browsers without needing any extra tools. This would further enable Haskell for both back-end and front-end applications.

Why JavaScript and why Haskell?

The engineering team at Cardano explains why they chose to have JavaScript in the backend. One of the biggest reasons is that JavaScript has a lion’s share of 97.3 percent of client-side programming. Besides it also offers portability allowing the Cardano team to focus majorly on the massive investments in the language and platform.

The Cardano engineering team believes that JavaScript backends provide different strengths. This would ultimately benefit the Haskell community to support both code generation paths in GHC for different use cases and requirements.

However, as per the Cardano team, the JavaScript language has a few shortcomings in early design decisions and downstream effects. Besides, with JavaScript, there are also some fundamental issues with asynchronous and concurrent programming as well as ecosystem security issues. The engineering team of Cardano writes:

Haskell makes this easy; or to get a little technical, the combination of Strong Static Hindley-Milner based typing allows us to write performant, correct, and maintainable code.

The benefit of using Haskell instead is code sharing: we can write the front-end of a web app in Haskell that compiles to JavaScript and the back-end in Haskell that compiles to machine code. In particular, the (de)serialization code (e.g. from/to JSON) is shared and cannot get out of sync between the front-end and the back-end.

Thus, they think that having a JavaScript backend in sync with GHC will add overall value to the Haskell ecosystem while offering a better user experience and reducing costs.

MIAMI (PRWEB)
September 23, 2022

StormX, the mobile app and browser extension that makes earning crypto as easy as possible, announces that users can now earn Dogecoin back by shopping as they normally would at stores such as Nike, Hello Fresh, Walmart, Expedia, and 1,500+ partner stores.

To date, StormX has enabled earn & withdrawals in cryptocurrencies such as $BTC, $ETH, $LTC, $DAI, and the StormX native token $STMX, with $DOGE as the newest addition to the StormX crypto cashback list.

Simon Yu, CEO, and Co-Founder of StormX said, “Since the beginning of our Crypto Cashback journey, StormX has always strived to deliver our users the best experience possible. This means listening to the community and enabling the user to withdraw their crypto earnings in their favorite coins. Thanks to our Governance community, who voted to add Doge, we are happy to fulfill their wishes. ”

To create the best product possible, StormX introduced its ‘governance’ feature, which empowers the StormX community to vote on proposals put forward by the StormX team as well as community-raised proposals. On August 5th, 2022, the StormX Governance community voted on adding DOGE as a new withdrawal token using a Snapshot proposal. Cardano (ADA) was a close runner-up.

To vote for your favorite token or create a proposal, please visit the governance forum at governance.stormx.io. To learn more about StormX, please visit stormx.io and follow them on Twitter @Stormxio.

For media inquiries, please contact Phil LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.

About StormX

StormX is a mobile app and browser extension that makes earning crypto as easy as possible. By offering Crypto Cashback in the form of bitcoin, Ethereum, Litecoin, DAI, Doge, and StormX’s native token (STMX), StormX allows its members to receive crypto rewards while purchasing everyday items, at their favorite stores. Boasting over 4,000,000 downloads across Android and iOS, StormX has paid out over $5M in crypto to date. With StormX, both crypto-natives and those who are new to crypto have the opportunity to earn on everyday purchases they were going to make anyway.

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The leading wallet has launched dApp browser support and other exciting features for iOS devices. 

The team behind Flint Wallet has rolled out a new upgrade that will enable iOS devices to run Cardano-based decentralized applications (dApp). 

Features of the Latest Upgrade

Per an announcement, there are two outstanding features of the latest Flint upgrade for iOS. 

“First, the two most important features in this update are the dApp browser, and you can now go directly to the Milkomeda wrap/unwrap transactions in the Bridge from the transaction’s link in Flint,” the crypto wallet provider stated. 

First, the two most important features in this update are the dApp browser, and you can now go directly to the Milkomeda wrap/unwarp transactions in the Bridge from the transaction’s link in Flint!

/2

— FlintWallet (@FlintWallet) August 2, 2022

The new features will enable users to enjoy their foray into the world of decentralized finance. Flint shared a few images of the wallet’s new look and what iOS users will enjoy when they install the latest version of the wallet. 

Users can search for their favorite Cardano-based decentralized application directly from the application. At the moment, the latest Flint feature is only available for iOS devices, with plans being made to also roll out the offering to Android soon. 

“Did you know iOS now has a dApp browser? That’s right, a new version of Flint for iOS is here! Android is coming soon!” Flint said. 

dcSpark CTO and Cardano Founder Reactions

Cardano enthusiasts reacted positively to the development. The move would help lure more people to the Cardano ecosystem as people will be excited to run dApp browsers on their iOS devices. 

Sebastien Guillemot, the CTO and co-founder of dcSpark, also shared the development on Twitter, saying: 

“dApp browser now available for iOS. Compatible with every dApp on Cardano! No developer tweaks are required. Our new fast backend is also almost ready! Android is pending approval.” 

Meanwhile, Charles Hoskinson, Cardano’s founder, retweeted Guillemot’s tweet to ensure that the information gets across to more Cardano enthusiasts. 

Launched in 2021, Flint Wallet describes itself as “Your friendly go-to wallet for DeFi and NFTs.” Users of the wallet can manage multiple cryptocurrency assets from different blockchains, including Cardano. 

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