TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

BitTorrent defies bear market with ten-fold growth

  • BTT is now ten times more expensive than during the token sale.
  • TRON Foundation performed BTT airdrop for investors who failed to participate in ICO due to technical issues.
BitTorrent defies bear market with ten-fold growth
Tanya AbrosimovaTanya AbrosimovaIndependent Analyst

BitTorrent Token demonstrated an exponential growth. Now it is ten times more expensive than during the ICO. BTT/USD gained over 25% on Tuesday and touched $0.001106. Moreover, the trading volume doubled and reached $570 million in a single day. Currently, BTT is the token with the largest trading volumes on Binance. At the time of writing, BTT/USD is changing hands at $0.000957.

During the ICO BitTorrent token was offered at  $0,00012. However, the whole supply was sold out in less than 14 minutes. Many investors complained that they could not participate in the ICO due to technical issues. The head of Binance CEO Changpeng Zhao admitted that the platform experienced technical problems, though TRON Foundation, the issuer of the token, performed an airdrop for those who were not lucky during the main stage of the ICO. Each user got 5000 BTT.

TRON’s founder Justin Sun acquired BitTorrent in July 2018 with the aim to build the future of the decentralized International’s from a 100M user base of BitTorrent platform.

BTT is now tradable on many large exchanges, including Finance, OKEx, UpBit, and KuCoin.

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

XRP extends decline as CLARITY Act setback reinforces bearish outlook

XRP extends decline as CLARITY Act setback reinforces bearish outlook

Ripple (XRP) trades lower around $1.28 on Wednesday, as investors broadly assess the impact of the failed United States (US) Senate vote on the CLARITY Act and the upcoming Federal Reserve (Fed) monetary decision.

Crypto Today: Bitcoin, Ethereum, XRP face headwinds as Fed decision looms

Crypto Today: Bitcoin, Ethereum, XRP face headwinds as Fed decision looms

Cryptocurrency prices are broadly retreating on Wednesday, with Bitcoin holding near $75,000. Ethereum holds below the support-turned-resistance at $2,400 while remaining structurally resilient. Meanwhile, Ripple is trading lethargically below $1.30.

Circle launches Arc mainnet with Wall Street validators as CLARITY Act stalls

Circle launches Arc mainnet with Wall Street validators as CLARITY Act stalls

Circle has publicly launched the Arc mainnet on Wednesday, an EVM-compatible Layer 1 blockchain built for financial markets, stablecoin payments, and AI agentic economic activities.

Bitcoin weakens as CLARITY Act fails to advance ahead of Fed decision

Bitcoin weakens as CLARITY Act fails to advance ahead of Fed decision

Bitcoin remains under pressure, trading below $76,000 at the time of writing on Wednesday after falling over 3% the previous day and as the CLARITY Act failed to advance in the US Senate. Mixed institutional demand suggests caution amid heightened Middle East tensions.

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.