The price of BitTorrent’s BTT token surged 60% in the last twenty-four hours to $0.012. The surge is part of an ongoing rally that had BitTorrent hitting an all-time high of $0.014 at 1:14 AM UTC, and while it may have retreated a little, it’s still up 226% from last weekend.
Several new updates to BitTorrent’s File System, announced yesterday on Twitter, could be the reason behind today’s growth. Updates include increased decentralization and the completion of a repair mode.
📢#BTFS Development Updates
✅Increase BTFS network decentralization. Guard decentralized testing on both client and server sides [50%]
✅Repair mode [done]
✅Challenge mode [doing] pic.twitter.com/ZRrS2racFj
— BitTorrent Inc.🅣 (@BitTorrent) April 4, 2021
This is by no means BTT’s first price rally. At the end of last month, the token’s price surged 80% in two days, prompting tweets of joy from the BTT team.
🚀Massive #BTT Pump🚀
💹81.3% pump in 24 hours and 131.6% in 7 days!
— BitTorrent Inc.🅣 (@BitTorrent) March 20, 2021
Most tokens are built around atemplate on the called the standard. BitTorrent’s BTT token is built in accordance with the TRC-20 standard, a similar thing over on the blockchain.