A long-forgotten crypto asset is making headlines as it makes its way into the top 10 after a brilliant start to the year.
According to CoinMarketCap, the peer-to-peer (P2P) file transfer token BitTorrent (BTT) is dizzying in the crypto space after recording 4.817% gain this year, from $ 0.00029 on Jan.1 to $ 0.01426 on April 5, according to CoinMarketCap. rose to.
The market cap of cryptocurrency increased from around $ 310 million at the beginning of the year to over $ 10.5 billion on April 4.
There is no known basic catalyst for the rise of BTT.
It has been a variable journey for the crypto asset, which started 2021 as the 63rd largest cryptocurrency by market value. BTT managed to enter the top 10, albeit briefly, at the summit. It has since withdrew and now sits in 20th row.
While BTT is currently experiencing correction, renowned trader and crypto strategist Kaleo believes there is more gas left in the tank of the crypto asset.