The crypto market has registered some commendable gains during the past 24 hours, as the total crypto market cap is up by almost 6% during the past 24 hours to reach $2.5 trillion. While most coins are gaining, the BTT token has stood out by being one of the best gainers during the past 24 hours.
BitTorrent is trading at $0.00388 at the time of writing after a 25.9% gain in 24 hours.
BTT price analysis
The BitTorrent token has been on a notable bullish rally during the past 24 hours. Following the 24-hour gains, BTT’s market cap has shot to $3.6 billion, and the token is currently ranking as the 49th largest cryptocurrency by that metric.
During the past 24 hours, BitTorrent managed to test the higher resistance at $0.00408. While it has slumped slightly from these highs, it is still on the way to breaking higher records.
The buyer and market support are currently strong, which means that BTT will rise again beyond the $0.0040 levels. If the token breaks past $0.0040, the next critical resistance level will be $0.0042, which could also be attained soon.
On the other hand, there is a chance that BTT could fail to realize its 24-hour gains and instead drop towards lower levels. If this is the case, the token will test the lower support level of $0.0035.
The recent gains made by BTT come amidst a mainnet launch on the network. The mainnet launch has been scheduled for December 12, and with just a few days left, the BTT token is on a strong uptrend as it records increased interest from investors. During this mainnet launch, the BTT tokens will be redenominated in the ratio of 1:1000.
Where to buy BTT
If you want to buy BTT tokens during the current gains, you can create an account on the following platforms:
eToro is one of the leading exchange platforms. It supports a wide range of cryptocurrencies and trading pairs. The exchange also supports a copy-trading feature that allows a new trader to copy the trading strategies of expert traders.
You can buy BTT tokens from OKEx. OKEx is one of the largest exchange platforms, and it supports more than 300 cryptocurrencies. OKEx charges some of the lowest trading fees in the market, and it comes with user-friendly features that make it easy for both new and expert traders to use the platform.
Your capital is at risk.