Bittorrent (BTT) Coin is known as a cryptocurrency traded in small volumes. BTT attracted the attention of investors with an increase of 15% on April 4.
Bittorent or BTT Coin is among the largest decentralized cryptocurrencies in the world according to the number of users.
BTT increased by 60% in the last 24 hours to $ 0.012.
Experts predict that the increase in Bittorrent is due to the announcement of development updates on Sunday.
What is Bittorrent Coin (BTT)? How long is BTT? Bittorrent Coin reviews
BTT breaks the all-time record with an increase of 900% in the last day. For the first time in BTT history, it rose above $ 0.10.
However, after the warnings of experts about BTT, there was a sharp drop in Bittorrent Coin. Accordingly, BTT is trading at $ 0.08 on April 6.
WHAT IS BITTORENT COIN?
BitTorrent is a popular peer-to-peer (P2P) file sharing and Torrent platform that has become more and more decentralized in recent years.
Originally launched in July 2001, BitTorrent was acquired by the blockchain platform TRON in July 2018. has also added various tools along with BTT, a special local cryptocurrency token that has been launched.
BTT was launched on TRON's own blockchain network using the TRC-10 standard.
According to the official statement, BitTorent is currently the "largest decentralized P2P communication protocol in the world."
BITTORENT COIN (BTT) COMMENTS
Leading crypto analyst Joseph Young stated that Justin Sun's acquisition of Poloniex cryptocurrency exchange and launching of BTT staking on the platform was instrumental in this rise.
Stating that Sun supports the rise of BitTorrent, Young emphasized that it is still not sustainable.
It is seen that the dangerous zone for the BTT price is $ 0.07. If the BTT price drops below $ 0.07, the next support here will be $ 0.02.
This means that a large part of the rise that has been going on for days will return to its former state.
Many investors in the cryptocurrency market have focused on a possible altcoin rally in April, and BTT could raise the RSI to 99.
Still, when the altcoin rally slows, one might think that one of the hardest hit will be the cryptocurrencies whose RSI swells.