BitTorrent Token (BTT) showed a sharp price spike after three weeks of declines starting November 16, 2021.
BTT posted a value of $ 0.00355, a daily high with a nearly 50% jump late yesterday afternoon from a daily low, $ 0.0033 on December 5th.
This also shows an increase of over 7% since the decline on 16 November.
What happen?
Through the latest tweet, BitTorrent announced the launch date of the BitTorrent Chain (BTTC) mainnet and the redenomination plan will take place on 12 December.
BTTC is compatible with the Ethereum Virtual Machine (EVM) interoperability protocol in TRON.
The announcement of the establishment of the BTTC was actually announced early last month.
Enables asset transfer between TRON, Ethereum, and Binance Smart Chain (BSC).
Operate using Proof-of-Stake (PoS) consensus.
Changes in the value of the previous BTT.
BTT tokens in the TRON network will be converted to smaller units at a ratio of 1: 1000.
Its market value record will not be affected by this change.
Its total supply was increased to 990,000,000,000,000 BTT.
The BTT token (now as TRC-10) will also be formatted to TRC-20 before being posted on BTTC.
However this morning the BTT price was slightly down from yesterday’s record, trading at $ 0.003273 with a jump of over 34% at the time of writing.
Its market value also recorded an increase of over 34% in 24 hours with a record level of $ 3.24 billion and at the same time BTT’s trading volume jumped over 208% over the same period to a total of $ 2.5 billion.
