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BitTorrent (BTT) Price Pump Seems Imminent After This New Listing

  • Alex Morris
    📰 News

    BTT might have been in hot water since its very launch, but that doesn’t stop major cryptocurrency exchanges from embracing the token


BitTorrent (BTT) Price Pump Seems Imminent After This New Listing
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Contents

Tron CEO Justin Sun recently took to Twitter to announce a brand-new listing of BitTorrent’s native token, BTT. The US-based Gate.io exchange became the latest platform to embrace the controversial token by adding two trading pairs — BTT/USDT and BTT/ETH.
 

More exchanges are getting on board

BitTorrent has been already listed by multiple exchanges, including Binance and OKEx, the two biggest exchanges by trading volume. On Feb. 7, BitTorrent announced in a press release that the BTT token would be supported by CoinPayments as well.    

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There was also a place for controversy, with some speculations floating around that Binance and Tron have cooperated to push BTT behind closed doors. Binance, which conducted the BTT sell-off, was ostensibly chosen as a platform for pumping the token.

Boom or burst?

In spite of these damning accusations, BTT has recently been on a roll with its price witnessing a six-fold increase since its ICO. However, in the long run, it’s still not clear whether Tron will be able to maintain this level of success. As U.Today reported earlier, former BitTorrent exec Simon Morris unleashed a wave of criticism at Tron, claiming that Sun lacks ‘a technical bone’ and the Tron network doesn’t have enough capacity to handle the tokenization of BitTorrent. Whether he’s just bitter or genuinely concerned, BTT’s future remains gleam.

Cover image via u.today
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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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