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

  • Alex Dovbnya
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    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
Cover image via u.today
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.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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