BitTorrent (BTT) experienced a remarkable price increase of approximately 27% on Tuesday following a post by Justin Sun about the project. The head of the TRON blockchain shared details on integrating BTT with AI computing.
BitTorrent’s Price Rise
Justin Sun mentioned that this integration could be a sign of an upcoming development in the blockchain industry. He indicated that BitTorrent, which could potentially host billions of investors, is on the verge of a significant breakthrough.
BitTorrent responded strongly to Justin Sun’s statement, resulting in a substantial price increase. On the other hand, it’s fair to say that BTT is also benefiting from the current positive market sentiment.
In the last 30 days, the price of BTT has increased by 138%. At the time of writing, it was trading at a price level of $0.000002. The 24-hour trading volume has also surged by 246%, exceeding $400 million. BTT continues to attract attention with a market value of $1.87 billion.
Looking back at BitTorrent’s history, it is known as a popular peer-to-peer (P2P) file-sharing and torrent platform. It began operating in July 2001 and was acquired by Justin Sun’s blockchain platform TRON in July 2018.
Since the acquisition, the file-sharing platform has continued to create support for new extensions suitable for its native cryptocurrency BTT. The token was launched on TRON’s blockchain using the TRC-10 standard.
The Future of the TRON Ecosystem
TRON’s founder Sun stated that the upcoming collaboration would contribute to the computing power necessary for artificial intelligence technology while also supporting decentralization. This is said to be very important for the future of blockchain technology.
This could be considered a major success for the TRON ecosystem, which has seen a series of significant announcements recently. Market data shows that the market value of TRON ecosystem tokens has increased in the last 24 hours.
As of the time of writing, the total market value stands at $15.5 billion. The 24-hour trading volume has seen a 77% increase, reaching $1.47 billion.
TRON’s TRX price, however, experienced a slight decline in the rising market led by Bitcoin (BTC). Despite this, TRX has shown a 17% increase over the last 30 days. It was trading at $0.1397 at the time of writing.
