The price of BitTorrent Token (BTT) has reached almost six times the value since the initial coin offering (ICO), which took place just a week ago. This is an outstanding performance by BTT considering the general market stagnation.
According to Coinmarketcap, the BTT coin has grown by almost 40% over the past 24 hours and is now trading at $0.000798, which is 565% more than its ICO price.
According to information provided by the Binance exchange, on January 28, 59.8 bln BTT tokens were sold at the exchange platform at a price of $0.00012 per token. BTT was sold out almost instantly, causing numerous complaints from users who could not make a purchase due to the technical problems. In an attempt to compensate the occurred technical difficulties, the BitTorrent Foundation distributed 5000 tokens via airdrop to each user who failed to participate in the ICO.
Since the initial offering, a number of cryptocurrency exchanges have already listed BTT on their platforms. UpBit and Binance are currently the largest markets for BTT token trading: they account for more than 90 percent combined, with BTT's total trade of $270 mln in the last 24 hours.
Image courtesy of Bitcoinexchangeguide