"Everyone must be surprised that BTT suddenly went up like that, are there any of you here who still hold the token?"
The price of BitTorrent-based BTT token which is a file sharing platform bought by Tron in 2018 has seen a climb up to $0.0000011 on Wednesday yesterday amid clear optimism about the Tron blockchain.
BTT issued on the Tron blockchain shocked the entire cryptocurrency market when its users hit 200 million, but so far there has been no news catalyst for the price increase.
Even so, the BTT price rally has come shortly after the broader crypto market saw a very positive move with Bitcoin (BTC) and Ethereum (ETH) climbing to 19-month highs.
Not only that, BTT also jumped high when Tron founder Justin Sun said that the blockchain already has hundreds of millions of users and this means it is an important event for its revival.
Following Tron has $8.2 billion in total value locked (TVL) across the DeFi protocol, making it the second largest blockchain after ETH in terms of usage and TVL including how much user money is invested in a given crypto ecosystem.
Earlier, the price of BTT has experienced a drastic fall due to its users facing several issues such as slow transactions, low block production and low scalability.
As of this writing, BTT price has surged by 80.35% at $0.00000090 in the last 24 hours with a market capitalization of $863 million and has recorded a 98.54% increase over the last week.
