cryptodailytrading.com

BitTorrent Foundation Successfully Completes BTT Airdrop

  • Alex Morris
    📰 News

    That was the very first BTT airdrop to TRX holders in an upcoming series of monthly airdrops that will last till 2025


BitTorrent Foundation Successfully Completes BTT Airdrop
You may also like:
Contents

Tron CEO Justin Sun has just announced on Twitter that the BitTorrent Foundation has wrapped up the much-anticipated BTT airdrop. He urges BTT holders to patiently wait for their tokens to arrive. Due to the big volume of the airdropped tokens, the whole thing may last a tad longer.

 


One of the longest airdrops in history  

 As reported by U.Today, 10.1 percent of the total BTT circulation supply will be distributed to TRX holders with the help of airdrops. In such a way, BitTorrent, a file-sharing behemoth that was acquired by Tron in June, tries to incentivize investors. Until 2025, the company plans to conduct such airdrops on a monthly basis. However, there is also room for skepticism when it comes to this strategy given how fickle the crypto market is — the value of TRX may tank, leaving investors with egg on their face.

👉MUST READ Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?
Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

BTT token sale didn’t go well

Earlier, Binance conducted a rather controversial BTT token sale with many exchange users claiming that they didn’t an opportunity to buy the token after all of them had been sold in a snap. After that, Sun promised to conduct an additional free airdrop for those who failed to get their orders executed on Binance.

Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!
👓 Recommended articles

Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
You may also like:
Contents

It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

👉MUST READ Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?
Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?

Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

👉MUST READ This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee
This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee

Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!
👓 Recommended articles