A cryptocurrency that had been largely overlooked by most traders is making headlines as it moves into the top 10 after an above-average performance in 2021.
The BitTorrent Peer-to-Peer (BTT) file transfer token is impressing in the crypto market after recording gains of approximately 1,750% in the last two months alone, rising from $ 0.000456 on February 5 to $ 0.0084 on 6 April, accordingly with CoinMarketCap.
Currency market capitalization increased by more than 3,125% in the same period from just about $ 310 million at the beginning of the year to an increase of more than $ 10.5 billion on April 4.
BitTorrent is presenting protocol improvements, but the key catalyst for the token price rise is unknown.
Want to earn Bitcoins?
We help you with that.
Open a free account!
It has been a volatile journey for altcoin that started 2021 as the 63rd largest cryptocurrency in market value. At its peak, BTT managed to break the top 10, albeit for a brief period. Since then, it has retreated and is now in 23rd position.
Even though BTT is currently correcting, cryptocurrency trader and strategist Kaleo believe that the asset has more gas in its tank.
“Is happening. We’ll probably accumulate somewhere around 0.009 a cent the next day or later and then go through it for the final leg. ”
At the time of publication of this article, BTT is being traded at US $ 0.009, down 26% in the last 24 hours, according to Dice from Coingolive.
See also: BTG Pactual launches 20% Bitcoin fund in partnership with brokerage Gemini