BitTorrent (BTT), a popular decentralized torrent platform for sharing files, has registered an upside trend since the recent bullish run in the crypto market. Although the bullishness appears to end after Bitcoin’s recent plunge, BTC remains resilient with slight price gains.
While writing this report, BTT trades at $0.00297 after gaining 3.4%.
Price Analysis
BTT has seen impressive additions since the promising sessions towards the end of July. Though the market support contributed most to the gains, the asset that runs a decentralized file-sharing website attracts users due to its uniqueness.
BTT has magnified chances to breach the level at $0.0045 if it sustains its current surges. However, the altcoin remains far from its highest price in April when the overall market traded at record highs.
For now, the altcoin necessitates stable bullish runs to register new highs.
On the other hand, if bears emerge to control BTT, the coin might drop towards $0.00177 lows, late June levels. Meanwhile, the alternative asset will retreat this low if Bitcoin extends its recent slump.
However, increased bearishness can take BTT beneath $0.001, erasing the alt’s gains.
The massive developments in BTT’s blockchain can ensure price spikes to take BTT above one cent. Keep in mind that the total cryptocurrency market remains calm as correct catalysts lack in the space.
TRON has restored the TRC-10 token, BTT, since 2018 after acquiring BitTorrent. For now, BitTorrent is the largest network that allows file sharing. The BTT asset powers different decentralized dApps and protocols like BitTorrent File System, DLive, and BitTorrent.
Where to Buy BTT?
Whenever you plan to invest in crypto, beware that you are stepping into risky waters. The market is highly volatile, with prices moving in either direction at any moment. However, if you can tolerate the losses, try these platforms to purchase your BitTorrent tokens.
- eToro
eToro is a well-known cryptocurrency exchange that supports various trading features like copy trading. The platform offers many coins and trading pairs with competitive fees.
- Upbit
You can use Upbit to buy your BTT token. It is the best crypto platform for anyone interested in expanding his portfolio due to the many crypto options.
