BTT or BitTorrent Token is unstoppable in its bull run, breaking ATH multiple times in a single month. In a volatile market, the BTT prices are registering new highs. The token is also holding the higher levels, unlike other currencies. Its new ATH is $0.01426 as of April 5th, 2021.
BTT Price Analysis
This mostly under the radar, a forgotten token has come to the forefront, after witnessing a huge surge in price recently.
BitTorrent is a peer-to-peer file transfer protocol that has had a great year so far, with 4817% gains. From being at $0.00029 on 1st Jan to $0.01426 yesterday, i.e 5th April. The token has had a massive breakout.
Over the last couple of days, the market cap has spiked by 3125%. while it was just $310 Million at the start of the year on the 4th of April it reached $10.5 Billion.
The surge of the token is not backed by any fundamental reason yet, but it strongly hints at the new altcoin cycle hype that’s going to take over this month.
BitTorrent is currently in a correction phase after the bull run yesterday, it is now settled at #20 spot, after being on #10 yesterday.
BitTorrent’s Recent Updates
The BitTorrent team took to Twitter yesterday, to announce various updates of the protocol, which included increased network decentralization, Repair mode, and Challenge Mode.
The update announcement is also being considered behind the price pump yesterday.
This, however, is not the first price rally of BTT. In the last week of March, the token’s price had surged 80% in two days.
The glory of which was even celebrated by the BTT team on Twitter.
BitTorrent is one of the world’s largest distributed networks, with over 2 Billion users and more than 200 Million wallets, as well as 100 Million monthly active users (MAUs).
At the time of writing, BTT is trading at $0.009 with a market cap of $9.52B.