Is It Too Late to Buy BitTorrent? BTT Price Gains 100% as Telegram’s Latest Crypto Casino Attracts Big Players
BTT, the token that powers BitTorrent’s suite of decentralized peer-to-peer file-sharing applications, saw an explosive more than 75% move higher on Wednesday.
The move was driven by the time by an announcement that the Tron network, upon which the BTT token is issued as a TRC-20 token, had reached 200 million users.
As Tron celebrates reaching 200 million users, I want to extend a special shout out to @Tether_to and its developers. Remarkably, 34,500,061 users on Tron, which represents 17.2% of all our users, now hold #USDT.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 6, 2023
The lates BTT price pump saw it reach highs above $0.0000011 on Wednesday, its highest level since May 2022.
But the token has since dropped around 30% from these highs and was last trading around $0.0000008 and remains a highly risky potential investment.
Questions around the BTT token’s utility (it claims to aim to power a healthier BitTorrent protocol) may continue to deter potential investors.
Those looking to get into an alternative high-potential coin, but with a more convincing value proposition should check out a the token of a new Telegram-based crypto casino protocol called TG.Casino.
An exciting Telegram-based crypto gambling upstart called TG.Casino has been taking web3 by storm.
2023 has been a big year for crypto gambling, with protocols like Rollbit seeing explosive user growth, and the platform’s native token also seeing big upside.
And TG.Casino is experiencing similar early success.
As per a recent update on the project’s X account, a staggering more than $38 million has now been wagered in the platform by over 2,450 players, with crypto deposits last at an impressive $3.7 million.
That’s despite the fact that the platform hasn’t even
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