Altcoin News: BitTorrent (BTT) Almost 10x in a Few Days

February 5th, 2019 by Marko Vidrih on ALTCOIN MAGAZINE

According to CoinMarketCap, the price of the BitTorrent token (BTT) has grown by almost 1000% since the initial token allocation (ICO), which took place last week, causing an unprecedented boom and ending in just 18 minutes.

The BitTorrent torrent client, which provides users with the ability to distribute files over the Internet, launched its own BTT token on the Tron network in early January.

Later, former BitTorrent lead strategist Simon Morris said that the Tron platform does not have the technical ability to cope with the volume of transactions that are necessary for tokenization of the torrent client.

The release of the BTT token is supposedly part of the company’s more extensive plans to create a decentralized platform for distributing content using digital currency.

Note that BTT’s crowdsale tokens became the first large-scale ICO on the Tron platform. Currently, BTT is trading at $0.001245, showing a price increase of 74% over the past 24 hours and a total price increase of almost 1000%.

For comparison, over the past 24 hours, basic cryptocurrency rates have not changed so much — the price of Bitcoin increased by 0.52% and XRP lost about 1.4% of its value.

Author: Marko Vidrih

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