BitTorrent or BTT experienced fantastic price increases. What is BitTorrent? And how to buy it on Indodax?
BTT increased by more than 1000% in one month. In early March, the BTT price was only Rp. 16. And had increased to IDR 190 in early April 2021.
Then, what is BTT? Why did the price increase so dramatically?
What is BitTorrent?
For those of you who frequently download files, you must be familiar with this one platform. BitTorrent is a peer-to-peer file sharing protocol that runs on more than one server to download files. The way it works is to use the user’s computer to download and upload files simultaneously.
If you download a file via BitTorrent, then you are actually downloading from someone else’s computer, which is also downloading. Because at the same time, your computer is also a source for other people to download the same file.
What is BTT?
Because this platform runs on a blockchain network, of course BitTorrent also uses a token, namely BTT.
World’s largest decentralized file sharing protocol tokenization with BTT. BTT is a TRC-10 utility token based on blockchain that powers the world’s most popular decentralized application and protocol features. The DApps supported by BTT include BitTorrent Speed, BitTorrent File System, DLive, and others.
Why has BTT been on The Rise?
One of the factors that has increased the price of BTT is the widespread use of non-functional tokens (NFT) on the Tron network. BTT via Twitter supports the narrative of Justin Sun, the owner of Tron in NFT.
In addition, positive campaigns on social media have also made BTT prices rise. These two factors led to the increase in BTT prices.
Can BTT Still Go Up Again?
BTT is still likely to rise even higher, from a technical point of view. Due to the haga movement which is still in the appreciation zone, BTT looks still positive.
Although in fact, currently, BTT is still under significant correction for several days. However, the correction still looks reasonable.
How to Buy BTT?
For those of you who don’t know how to buy BTT crypto assets on Indodax, you can buy them with the following link. Before that, log in. For those of you who are not yet a member, you can click this link.
You can follow the steps below, after your account is verified.
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