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BitTorrent Token Price Moves up by over 7.5% Prior to Today’s Airdrop

BitTorrent Token Price Moves up by over 7.5% Prior to Today’s Airdrop

As all cryptocurrencies seemingly prepare for the next leg up, a lot of interesting things will happen throughout the day. All eyes are on the BitTorrent Token price today, as a massive airdrop will occur over the next few hours. So far, it seems as if the BTT value is rising ahead of the airdrop, although issuing free tokens will usually result in a price reversal.
BitTorrent Token Price Action Gets Real
Ever since the BitTorrent Token was first announced, there have been some doubts regarding its potential value and real-world use cases. While it is clearly designed to bring more legitimacy to the BitTorrent protocol as a whole, the real impact of an “ICO on top of an ICO” will undoubtedly be met with scrutiny for some time to come. That is not uncommon by any means, but it seemingly doesn’t necessarily impact the price right now.

Over the past 24 hours, the BitTorrent Token price has begun moving up again. A solid 7% gain in USD, BTC, and TRX value shows there is a genuine interest in this token as of right now. While most people may be in it for financial gain, that may not necessarily be a bad thing either. BTT Also notes impressive trading volume of just under $143m, which is a lot higher compared to most other top altcoins on the market today. An interesting statistic well worth keeping an eye on.
Social media is abuzz with discussions regarding BitTorrent Token. That is only normal, as the token will be airdropped to TRX holders throughout the day and over the next few weeks. It will primarily depend on whether one’s exchange supports the airdrop, although it appears most platforms will effectively do so. Whale Alert Guy is convinced there will not necessarily be a price dump either, although the jury is still out on that one.

Anyone who is assuming that BTT will tank after the airdrop should think again. Don't forget, BTT is incredibly cheap and the airdrop is sure to attract more BTT buyers. #BTT $BTT $TRX #TRON
— whale_alert_guy (@whale_alert_guy) February 11, 2019

Santosh Kumar echoes a very similar sentiment in this regard. More specifically, this user expects the value per BTT to rise significantly. Users will receive roughly 10 BTT per TRX they own, thus there will be a lot of liquidity on the market. However, as has been the case with airdrops in the past, that doesn’t necessarily warrant a lot of selling pressure. Only time will tell what the coming days offer where BTT is concerned.

Everyone is thinking once $BTT airdrop tokens credited people will do dump hardly but if it is happen in reverse way 
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