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Tron’s BitTorrent [BTT] hikes by a whopping 18%; airdrop concludes

Namrata Shukla

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Source: Pixabay

The major coins on the CoinMarketCap are proving their mettle to be a part of the top 10, while the other coins are trying to fight the raging bear. BitTorrent [BTT] is one such coin that is trying to handle the heat of the market and succeeded in registering tremendous growth by registering a growth of over 18% in the past 24-hours.

Source: Trading view

Source: Trading view

At the press time, the coin was valued at $0.0009 with a 24-hour trading volume of $199 million. The coin reported a growth of 18.59% over the past 24 hours and is currently growing by 0.50%, however, BTT has registered a massive fall of 11.99% over the past week.

The coin was highly traded on UPbit with BTT/KRW pair and the registered volume was $76 million. UPbit was followed by Binance for acquiring the second and the third position with BTT/USDT and BTT/BTC pairs. The volumes registered by each of the pairs was $66 million and $39 million, respectively.



The reason for this hike could be due to the airdrop by Tron foundation and BitTorrent Inc. which was set to distribute 1.1% of the total token supply of 990,000,000,000 or 10.89 billion BTT. This total BTT was going to be distributed to the Tron hodlers. As per Ethereum World News, there was going to be an influx of roughly 2,400 BTC  worth of token in the market, according to the value of the token at the time of airdrop.

As per the publication, traders had predicted two scenarios for the token’s reaction in the market post airdrop. Firstly, the immediate influx of BTT from the airdrop could cause tremendous selling that would impact the value of the token negatively. Secondly, crypto exchanges and wallet responsible for the distribution could require time to process all transactions relating to the airdrop and this would enable BTT to thrive in the market as traders get more interested.





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Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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