BitTorrent (BTT) surged to $0.00000090, hitting a 22-week high for a file-sharing token and leading the Top 100 in the process.
Wednesday’s sharp sell-off sent cryptocurrency prices down, leading to general uncertainty today. , beat the broader market sentiment.
The chart below shows that the April 19th candle failed to sustain its rise.
The lower timeframe shows that BTT rose twice to 0.00000080 on April 20th.
The Relative Strength Index (RSI) has broken just below the overbought territory threshold of 70, suggesting a waning momentum before registering a sharp decline.
It was noted that the lower volume was accompanied by the rise. This suggests a lack of sellers rather than strong buying pressure driving the rally.
Token hits all-time high $0.00000343 January 2022 – Current price is approximately 80% below this price.
basic development
decentralized exchange Mdex announced support for BitTorrent after April 24th.
Participants in the “Feedback Activity” will earn a share of the $180,000 reward. This includes using Mdex, such as combining tokens, adding to liquidity pools, and staking.
In addition, BitTorrent recently invited developers to submit dApps and websites that deploy on Awesome BTFS (BitTorrent File System).
“Unleash your website’s potential with Awesome BTFS! It connects you to a huge audience, driving traffic and amplifying your influence.“
company explained We call this technology a “next-generation distributed file storage system built for Web 3.0 applications.” It uses multi-chain peer-to-peer networks and smart contracts for scalable, low-cost data storage.
Several website I have already signed up, including Yam Finance, Uniswap V3, and other Tron-related sites such as SunSwap and TRONScan.
Post-BitTorrent token defies market uncertainty. BTT was the first to post his 22-week high on CryptoSlate.
