BitTorrent (BTT) Surges 50%: Traded 6x Compared to The Crowd-sale Price
Recent BitTorrent (BTT) fundraising, which held successfully on January 28th, continues to receive a massive amount of attention: The entire token sale has been completed in under 18 minutes, after selling out 59.4 billion tokens for over $7 million.
The crowd-sale was held on Binance Launchpad, which made its mini come-back after being inactive for a year. According to Binance, the sale would have been over even sooner, but the platform could not handle the flood of investors willing to participate.
Following the sale, which reminded many in the crypto space of the shiny ICO days of 2017, BTT token trade started seeing even more success. As of writing this, BitTorrent token is being traded over six times more compared to its fundraising price.
BitTorrent trading volumes continue to reach significant heights on a daily basis, with over $200 million being traded in the last 24 hours.
Binance Launchpad Is Looking Forward
Many were speculating about what this might mean for the ICO model, believed to be extinct due to a large number of disappointments
After the promising launch of BTT which continues to perform strongly even during the bearish market, Binance Launchpad is looking forward for another token sale soon: The platform aims to launch one coin per month in 2019, whereas the next one is Fetch.AI (FET), scheduled to start its crowdsale on February 25th, 2019.
As of writing this, BTT token price is $0.0007 or 20 Satoshi, which is a 50% daily raise. BTT is trading on the following major exchanges: Binance, OKEx, KuCoin, Upbit and TRX.market.
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