The digital currency market is currently correcting lower. Most of the coins in the market are deep in the red. Some digital currencies have secured losses of more than 10 percent over the past day. The price of Bitcoin (BTC) – the largest cryptocurrency in the world by market cap – is down by more than 6 percent over the past twenty-four hours. Among the top ten cryptos in the market, Bitcoin (BTC) is the highest loser over the past day.
Another digital currency, which surged significantly and it’s now deep in the red, is Tron (TRX). The price of Tron (TRX) recently amassed a considerable level of gain and rose to the 10th position on the list of top digital currencies in the market. The price of Tron (TRX) is now down by about four percent and it is down to the 11th position on the list of cryptos according to CoinMarketCap. While other digital currencies are correcting and losing a considerable fraction of their values, the price of BitTorrent (BTT) is on the rise.
Justin Sun Makes a Bullish Announcement that Boosts the Price of BitTorrent (BTT) by 10% – BTT USD Live Price – BitTorrent Price Prediction 2019
The price of BitTorrent (BTT) is on the rise despite the ongoing correction in the digital currency market. While other digital currencies are deep in the red, BitTorrent price is up by more than 10 percent over the past twenty-four hours. BTT is one of the highest gainers over the past twenty-four hours. The recent upward trend in the price of BitTorrent amidst the ongoing correction is attributed to the recent announcement of Justin Sun – the founder of Tron (TRX) and the present CEO of BitTorrent.
Recently, Justin Sun took to Twitter to release very bullish BitTorrent news that is presently contributing to the boost in the price of BitTorrent. Yesterday, June 30th, Sun announced that BitTorrent File System (BTFS) will go live on Testnet on the 1st of July. After this announcement, BTT USD price started soaring while other digital currencies in the market, including Bitcoin (BTC), are struggling to hold gains.
BitTorrent File System (#BTFS), will launch on Testnet tomorrow, 1st of July, 2019 (PDT). #BTFS is both a protocol and network implementation that provides a content-addressable, peer-to-peer mechanism for storing and sharing digital content in a decentralized file system. #BTT pic.twitter.com/OzRVFUOYfB
— Justin Sun (@justinsuntron) July 1, 2019
According to the announcement of Sun, BitTorrent File System (BTFS) is both a network and protocol implementation that assist in a decentralized file system such as sharing digital content, content-addressable, P2P mechanism for storing.
BTFS Will Reward Users with BitTorrent (BTT) for Sharing Files – BTT Price Prediction 2019 – Best Cryptocurrency to Invest in 2019
According to the report, this file sharing protocol is a web platform that is backed by blockchain technology which aims to reward users with BitTorrent tokens for sharing files. Besides rewarding users, the protocol also allows for faster downloads of such files.
BitTorrent (BTT) is currently the 34th largest digital currency by market cap according to CoinMarketCap. BitTorrent (BTT) is presently the best performing altcoin in the market at the time of writing.
BitTorrent (BTT) Price Today – BTT USD Live Price – Cryptocurrency Market Update
At the time of writing, the price of BitTorrent (BTT) is $0.00190 after an increase of about 10 percent over the past twenty-four hours. The current market cap of the digital currency is $315.04 million. The trading volume of BitTorrent over the past twenty-four hours is $160.54 million.