[코인리더스] Tron’s BitTorrent (BTT) counts to top 10 market caps

The price of BitTorrent, a native token of the popular P2P (personal) file sharing and torrent platform, BitTorrent, has soared more than 200% over the past 7 days, rising to 11th in the market cap.

As of 2:50 p.m. on the 5th (local time), the global BitTorrent (BTT) token price at CoinMarketCap is recording $0.01273, a 68.65% increase from 24 hours ago. BTT hit a record high of $0.01426 on Sunday.

As a result, the market capitalization surged to about $11.8 billion, approaching Chainlink (LINK), which is currently the 10th largest market capitalization of about $12.8 billion.

The market has yet to come up with a clear analysis on why the BTT price hit an all-time high.

However, active movements such as the acquisition of Ploniex by Justin Sun, the founder of Tron (TRX, 17th in the market cap) and the announcement of the establishment of an investment fund dedicated to Non-Fungible Tokens (NFTs), are the There is an analysis that it generated speculative demand.

In addition, experts believe that in addition to the strong technical momentum of BTT, the strong bitcoin market continues and the altcoin market is benefiting as a driving force for the bull market.

On the other hand, regarding the BTT price forecast, AMB Crypto, a cryptocurrency specialty media, said, “The buying trend and impressive rise of BitTorrent tokens continues in April.” “The first line of defense will be $0.0069 and $0.0063 in a bearish scenario,” he diagnosed.