While most of the altcoins are swimming in blood, BitTorrent token is making serious progress, seeing over 80% price increase in the last 24hrs.
Observers say it seems people are dumping all altcoins for BitTorrent due to the noticed value rise shortly after Binance announced it listed the digital asset with three trading pairs: BTT/BNB, BTT/BTC and BTT/USDT.
Since Binance began trading the digital asset over one hour ago, BTT has been jumping and switching between 88% and 77% value rise.
As at the time of writing, BTT is trading at 0.000548 against Bitcoin (BTC) on Binance Exchange.
According to Binance, the listing became necessary after BitTorrent showed its superior on Monday 28th January that it was first unveiled on Binance Launchpad. 15 minutes after the token was announced for sale, crypto lovers bought 59 million BitTorrent (BTT).
The excellent performance surprised many a number of people who thought the bear market will have influence on the digital asset.
At the moment, people are now buying the BitTorrent (BTT) due to the thought that it may rise in the future.
Meanwhile, Binance has completely distributed BTT to those who participated in its ICO on Binance Launchpad.
In the same vein, BitTorrent has perfected an airdrop of 5,000 BTT to all its eligible users who participated in the just concluded ICO.
Biggest Exchnage In Korea, Upbit To List BitTorrent token
Another feather to the cap of BitTorrent is that the biggest exchange in Korea Upbit has confirmed it would be listing the digital token very soon.
— Justin Sun (@justinsuntron) January 31, 2019
This, among other things, will boost the price of BTT and possibly drive the value to half a dollar in the nearest future. As time goes on, some other exchanges will be listing the powerful token.