#BITTORRENT PRICE PROFESSIONAL#

Daily sentiment against the BTT volume rose by 377% at the start of March 30, immediately before starting the rallying price of BTT. It would be wrong to say that social media had no role in the price increase of BTT.

However, this is just mere speculation, and the fact that BTT is related to Tron makes its future quite limited. Given that BitTorrent Token is part of Tron’s ecosystem, Sun can positively impact its value by expressing its positive feeling about NFT and its emphasis on the NFT market.

#BITTORRENT PRICE PROFESSIONAL#

It may have contributed to heavy traffic, and the price of BTT increased.īitTorrent also has been pushing Sun’s narrative to purchase professional NFTs lately. It tweeted a while ago that they would give those who stake in certain coins great rewards. The staking offers offered by the Poloniex trade are a consideration of this kind. Any other factors may also have raised BTT’s price. The BTT price rise has resulted in massive volumes, received with much publicity in the crypto community. The major rally seems to be an enormous momentum, which has significantly increased the price in recent months.

There is no obvious fundamental support for BTT rise in prices, the analysis indicates. Given that BTT’s price has risen constantly (10 times over two months) and has even hit a market cap of over $8 billion, there must be a strong explanation behind the rally. One of two things that support the price increase of any coin or stock: hype or fundamentals. The coin reached its all-time high of $0.01426 on Sunday and is currently trading around the same value. Why the BTT Price SurgedĪccording to data from CoinMarketCap BTT market cap reached 13 Billion USD and came at the 10th position. The BitTorrent token (BTT), which rose more than 75% in just one day, is one such coin, and its price has more than doubled in the last few days.

While Bitcoin is still the world’s largest cryptocurrency, many altcoins are catching up.

Bittorrent price