Reading Time: 3 minutes

BitTorrent token has had its ICO on the 28th of January 2019 and since then it’s already been listed on several exchanges.

In more or less two weeks the token got listed on numerous major exchanges like Binance, Bittrex, UpBit, Kucoin and OKEx. Below we can see the complete and updated list with the announcements on the official channels:

But if we check on CoinMarketCap we don’t see yet the BTT correct rank with its market cap, so we try to make our own calculation knowing the tokens sold in the public sale & airdropped (circulating supply) and the current price, in order to extrapolate a probable market cap.

  • The tokens sold in the public sale: 59.400.000.000 BTT
  • Roughly 11 Billion tokens airdropped on 11th February
  • Current price: around $0.00109 USD

Therefore if we sum the first two values and then multiply the result with the current price, we have a probable market cap of roughly $76 Million, which would collocate the BTT Token around the 57th position on CoinMarketCap.

Recently we have seen the BTT token performing very well with a 54% increase in two days:

 

The token had also its first successful airdrop on the 11th of February. As tweeted by Justin Sun, the airdrop has successfully distributed almost 11 Billion BTT in just 4 hours and without complications.

With this junction between TRX and BTT, Justin Sun has definitely achieved an even bigger exposure for Tron’s token; the TRX holders now have another reason for holding their tokens, in what appears to be one of the longest airdrop experiment ever.

The token price had recently a nice bounce on the 0.618 Fibonacci level, creating a nice support; it now looks riding strongly towards the next possible resistances, as we can see in the chart below:

Who looks for possible resistance level, $0.0013 USDT can represent one, as seen in the image above. 

We can definitely say that the price will see major highs in the next months, especially with the upcoming release of BitTorrentSpeed in Q2 2019, as stated in this tweet:

 

What do you think about BitTorrent token and its rising market value? Let us know below in the comment section and remember that this is not financial advice but our personal opinion about the projects and their development. 

We are coming out with one daily news every day of the week for our loyal followers, so don’t forget to follow us on our social media channels like Twitter, Facebook and Reddit.We also have a Telegram channel where we post our daily articles.