The price of the BitTorrent Token (BTT) is approaching a sixfold increase relative to the moment of the initial coin offering (ICO) that took place just a week ago.
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According to the sales information provided by the exchange, on January 28, 59.8 billion BTT tokens were sold through the Binance token sale platform at a price of 0.00012 USD per token.
Read on: BitTorrent Tokens on Binance sold out in minutes
According to Coinmarketcap, the BTT price has risen by almost 40 percent in the past 24 hours alone, and now the token is trading at a significantly higher price - $ 0.000798, which is 565 percent more than its ICO price.
It is worth noting that the sale was completed in a few minutes, which caused complaints from users who were unable to make purchases due to technical problems. In an attempt to compensate for technical difficulties, The BitTorrent Fund completed an airdrop of 5,000 tokens to each user unable to participate in the ICO.
The token sale came months after Tron acquired BitTorrent last summer, and weeks after the announcement of a new cryptocurrency that will be integrated with peer-to-peer BitTorrent file-sharing technology. This acquisition has sparked criticism and the release of some employees, and the publication of The BitTorrent Token has also attracted criticism.
After the sale of tokens is a number of kryptomere put BTT to trade. At the moment, the largest markets for the token are UpBit and Binance, which together account for more than 90% of the total trading volume of BTT in the amount of 270 million dollars over the past 24 hours.
Read on: TRON rose 107% in a month: will the success of BitTorrent push the price further?
Given the state of the broader cryptocurrency market, BTT's recent performance is dramatically different. Seven-day return for BTT, as the ICO is about 600%. In contrast, the bitcoin price is three percent different from the January 28 opening price, according to Coinmarketcap.
LINK - https://altstake.io/news/token-bittorrent-podoroghal-v-6-raz-za-nedelyu