The BitTorrent Price Surges 82% in 24 Hours
The BitTorrent (BTT) price has experienced a remarkable surge of 82% in the last 24 hours, reaching a trading price of $0.000000899. This surge was accompanied by a significant increase in trading volume, which jumped to $544 million, representing a 1,668% increase.
The surge in BTT’s price can be attributed to an announcement made by Tron founder Justin Sun, who declared on December 6 that the blockchain had reached a major milestone, boasting 200 million users.
BTT Outperforms Similar Cryptocurrencies
BitTorrent’s performance has exceeded that of other cryptocurrencies within the Ethereum ecosystem, which have only increased by 12.7%. Currently, BitTorrent boasts a market capitalization of $855 million.
BitTorrent Price: Technical Analysis
The BitTorrent price has displayed dynamic price movements, with a consolidation of buyers around the $0.0000003677 support level, leading to a breakthrough. However, there was resistance at $0.0000005541.
Despite this, bullish behavior was observed at the $0.0000004613 support level, which coincides with the 200-day Simple Moving Average (SMA). This indicates a strong, sustained bullish trajectory that could reach $0.000001138.
The BTT price has surpassed both the 200-day and 50-day SMAs, providing further confidence in the bullish outlook. Additionally, these moving averages act as immediate support levels. The crossover at $0.0000004615 further reinforces the existing bullish dominance.
The Relative Strength Index (RSI) is currently elevated at 93, remaining above the overbought region of 70. This suggests sustained momentum and buying pressure.
Potential resistance for BTT’s price lies at the May 2022 high of $0.000001811, representing a potential 25% upside from the current price. Alternatively, a correction phase could occur, with bears assuming control and triggering a move towards the $0.000002941 support zone.
BTCMTX Presale Nears $5 Million Milestone
The BTCMTX presale has already raised an impressive $4.97 million and is approaching its target of $5.46 million. Acquiring BTCMTX tokens during the presale allows for a discounted rate of $0.0121 per token. As the presale progresses to the next stage, the token price will increase, making it advisable to purchase tokens at the current lower price.
Exclusive Opportunities For BTCMTX Holders
As a BTCMTX holder, you have the opportunity to benefit from potential post-launch price gains. Additionally, you can participate in giveaways, where ten lucky participants can each win $3,000 worth of BTCMTX. Staking your BTCMTX tokens also allows you to earn passive income, with an attractive 121% annual percentage yield (APY). However, the APY will gradually decrease as more individuals engage in staking. Currently, over 345 million tokens have already been staked.
According to cryptocurrency analyst and YouTuber Jacob Bury, BTCMTX stands out as one of the top 5 presales, offering the potential for a 10x return on investment.
To participate in the presale and acquire BTCMTX tokens, you can use ETH, BNB, USDT, or MATIC through the . Alternatively, you can make a direct purchase using a bank card.
Hot Take: BitTorrent Price Surges with Tron’s Milestone Announcement
The BitTorrent (BTT) price experienced a significant surge of 82% within 24 hours, trading at $0.000000899. This surge was fueled by Tron founder Justin Sun’s announcement of reaching 200 million users on the blockchain. BTT outperformed other similar cryptocurrencies with a market capitalization of $855 million. Technical analysis suggests a sustained bullish trajectory, with potential resistance at $0.000001811. The BTCMTX presale raised an impressive $4.97 million, nearing its target of $5.46 million. BTCMTX holders have exclusive opportunities, including post-launch gains, participation in giveaways, and the ability to earn passive income through staking. BTCMTX is considered one of the top 5 presales with the potential for a 10x ROI. To join the presale, you can use various cryptocurrencies or make a direct purchase through a bank card.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.