BitTorrent Token (BTT) up 18%: will it rally like "TRX in the glory days"?

24 May, 2019 | Updated: 24 May, 2019
by David Robb
Price Analysis
BitTorrent Token (BTT) up 18%: will it rally like TRX in the glory days?

BitTorrent Token (BTT) has seen impressive gains yet again in the last 24 hours, and one popular crypto trader believes this could be the start of something big. According to TheCryptoDog, BTT could "run as hard as TRX in the glory days, if not harder". 

BTTUSDT chart provided by TradingView

TheCryptoDog (@TheCryptoDog) has been particularly bullish on Twitter recently, seeing good things in the future for BTC and a number of other altcoins. Just two days ago, the trader highlighted BTT as one to watch, after it had gained over 20 percent in a 24-hour period. The last 24 hours have again seen a BTT spike of more than 20 percent.

BTTUSDT chart provided by TradingView

The continuation of this momentum for BTT is going some way towards proving this analysis right. TheCryptoDog has now doubled down on the prediction, although it is suggested that BTT's gains might not necessarily be justified by the project itself.

Comparisons have been drawn to the huge rally that Tron (TRX) saw towards the end of 2017. Just as Bitcoin's historic bull run was coming to an end, TRX caught the wave, at one point increasing its price by over 200 times in less than a month. It peaked at a price of $0.23 on January 4, 2018, after launching on September 13, 2017, at a price of $0.002.

BitTorrent Token (BTT) is part of the Tron eco-system, and it also has Justin Sun as its main spokesperson in the crypto community. The crypto has, like TRX, experienced impressive growth since launch, increasing its market cap by over $100 million in just two months. One of its key positive fundamentals recently was a successful test of integration with µTorrent.

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