In recent months, BitTorrent (BTT), a renowned decentralized file-sharing and torrent software, has seen its price rise in tandem with the current crypto bull run.
Even though the bull run appears to have ended with BTC’s latest drop, BTT is still demonstrating some tenacity. This is by posting modest gains.
BTT is currently trading at $0.00297, representing a 3.4 percent rise since the beginning of the day.
Analysis of BTT Price
Since the last week of July, BTT has seen considerable improvements in value. In addition to market support, customers have been buying into the token. The token that powers a popular decentralized file-sharing site, which has resulted in a significant price increase.
If the recent upsurge in pricing continues, BTT could be on its way to breaking out over $0.0045 in the near future. The token is still a long way from reaching a cent, as it did in April when the cryptocurrency market peaked. This is likely to occur if the recent crypto bulls return and maintain their momentum for some time.
If BTT begins to make new lows, it could be on its way to the previous low of $0.00177, set in late June. If the present bear market in Bitcoin continues, the cryptocurrency will fall to this level. Strong bears will occur if BTT falls below $0.001, effectively wiping all of the current bears in the market.
The ability of BTT to rise to one cent. And then, beyond will be dependent on the strength of advances in its blockchain. However, the recent boom in cryptocurrency as an asset class has obscured any concerns about BitTorrent’s software’s ability to promote privacy in the first place.
Following TRON’s acquisition of BitTorrent in 2018, the company underwent a transformation that included the creation of its native token, BTT, which is a TRC-10 utility token. BitTorrent continues to be the largest distribution network for file sharing, with over 100 million users. With the BBT token, users may access a variety of decentralized protocols and applications (dApps), including BitTorrent Speed, DLive, and the BitTorrent File System.
Purchasing BitTorrent
To purchase BitTorrent tokens, you will need to open an account on one of the cryptocurrency exchanges listed below:
eToro
eToro is an established exchange that provides various helpful services, such as the ability to replicate trades. It is possible to trade several cryptocurrencies and trading pairs on this exchange. Additionally, the trading costs imposed on the site are meager.
Upbit
Upbit is the other cryptocurrency exchange where you can purchase BTT. In addition, Upbit is a major online cryptocurrency exchange. It is an excellent choice for those looking to diversify their portfolios, as it provides a diverse selection of cryptocurrencies.
