Another big intra-crypto partnership and another major altcoin pump. Basic Attention Token (BAT) was the center of attention recently after the alt’s price gained by over 30% in a day following a partnership between Brave Browser and Solana.
After Brave announced that the two companies will work together to bring wallet features for the Solana blockchain into Brave’s Web2 desktop and mobile browsers, BAT’s price saw a close to 40% pump. However, BAT had been rising before the announcement too. So, what contributed to this sudden appreciation?
This isn’t the first time the name of a mid-cap alt being associated with a large-cap alt has led to the former’s price pumping. Take COTI, for instance. After news of Cardano enabling a new DeFi
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