BitTorrent Token (BTT) Skyrockets to Nearly 6 Times ICO Price

BitTorrent Token (BTT) Skyrockets to Nearly 6 Times ICO Price

February 5, 2019

On January 28, 2019, TRON’s BitTorrent Token (BTT) has skyrocketed in price to nearly 6 times 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 up 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-hr trading volume is over $670 million, and BTT continues to rally on top of its notable increase of nearly 6 times 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 getting 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.

As explained in the tweet above, BitTorrent Speed will be 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.

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