On January 28, 2019, TRON’s BitTorrent Token (BTT) skyrocketed in price to nearly 6x the token’s ICO price of 0.00001824 BNB, or 0.00447261 TRX. The significant run-up in price accounts for a 569% increase since the token sale on Binance Launchpad, and BTT continues to hold strong.
On February 5, BTT reached a high of $0.001224 USD and is still holding strong at $0.001063 USD at the time of writing. Currently, its 24-hour trading volume is over $670 million, and BTT continues to rally on top of its notable increase of nearly 6x since ICO.
BitTorrent (BTT) Now Listed on Multiple Exchanges
Following the exclusive BitTorrent (BTT) token sale on Binance Launchpad, the token was solely traded on Binance for a number of days before being listed on other exchanges.
The first crypto exchange after Binance to list BTT was Upbit on January 31, and it currently leads in 24-hour trading volume with over $285 million USD in volume.
The second major exchange to list BTT was OKEx on February 1, and after that came KuCoin on February 3. Other crypto exchanges that have listed BTT include Cointiger, Bitbns, and TRX Market.
BitTorrent Speed Will Be Live in Q2 2019
In other news, BitTorrent’s token (BTT) could have its use case as early as Q2 2019, as BitTorrent Speed, the application on which BTT will be used, is set to launch then.
Have you heard about #BitTorrentSpeed? It’s a game-changing #blockchain based application expected in Q2 of 2019 that will reward BitTorrent users with $BTT in exchange for seeding and bandwidth, increasing the speed of torrent downloads and creating a healthier ecosystem. pic.twitter.com/gmJhyYrEdU
— BitTorrent Inc. (@BitTorrent) February 1, 2019
BitTorrent Speed is the revolutionary application that utilizes the BTT token to reward users for seeding and increased bandwidth on the peer-to-peer file sharing service.
Basically, users will receive incentives in BTT to share (seed) the files, thus increasing download speeds and as well as the selection of downloadable files. This will not only increase the reach of BTT, but also the entire peer-to-peer file sharing ecosystem should improve as a result.
Moreover, BTT’s long-term vision goes far beyond file sharing.
As stated in the project’s whitepaper, BTT will eventually provide a distributed infrastructure platform to third-party app developers. This will allow users to benefit from a borderless economy with computing resources being exchanged for BTT tokens.
Do you think BTT will continue to pump, or will it come crashing down soon? Let us know what you think in the comment section below.