Brave, the browser created to go hand in hand with the Basic Attention Token (BAT), has continued to grow at a remarkable pace throughout the past year. The browser is a privacy-focused browser that blocks cookies and trackers by default and never allows users data to leave their machine. Furthermore, the browser is so good that it rivals today’s popular browsers such as Safari and Google Chrome in regards to loading time and data used.
Brave has undergone extraordinary growth after the monthly active users have surged by over 450% since 2018.
Taking a look at the data from TokenInsight above we can see that the monthly active users have grown month on month, starting from 1 million per month in January 2018 and had recently reached a total of 5.5 million active users in January 2019. Adding further to this statistic, in March 2019 the Brave browser had reached over 20 million downloads on the Google Play store.
It is not a surprise that the monthly active users have been consistently rising considering the fact that the Brave team have been consistently developing their browser and improving it. During March 2019 they had announced that they have finally released the Brave Ad Reward feature which allows users to receive up to 70% revenues in BAT.
TokenInsight have provided BAT with a triple B rating;
According to their ratings, the BBB rating signifies that the project has a very good technical feasibility and the risk is controllable. The triple B rating also means that BAT is ahead of 95% of the cryptocurrencies rated by TokenInsight.
Meanwhile, BAT is currently trading at a price of around $0.30 which give it a market cap valuation of around $360.65 million, putting it in 24th position in the cryptocurrency market cap rankings. The token has undergone an epic 110% price surge over the past 90 trading days.
Brendan Eich, the founder and CEO of Brave, had recently come forward stating that he would not be surprised if users can earn up to $70 per year by just using the Brave software and viewing advertisements. He estimates that this figure could increase to over $224 in 2020. Eich’s experience has been paramount to the success of Brave. He was the original founder of Mozilla Firefox and had even been the inventor of the famous JavaScript coding language.
Even Vitalik Buterin, the co-founder of Ethereum, has great things to say about Brave. At a recent event, Buterin stated that Brave browser is strongly contributing to the growth of the Ethereum ecosystem with the vast number of active users they onboard. He added that Brave is one of Ethereums most valuable adoptions.
As Brave continues to amass more and more users, do you think it will continue to become one of the worlds most widely used web browsers?
