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BitTorrent (BTT) has jumped more than 80% in the past 24 hours, with it getting closer to reclaiming its $1 billion market cap.
The sudden increase in BTT price seems unusual, as there has been no such announcement regarding the project. BTT is the native token for BitTorrent, a decentralized file-sharing platform that is built on top of Justin Sun’s Tron blockchain.
BitTorrent currently has a market cap of $847 million, which touched the $989 million mark earlier today during this pump.
BTT is currently the biggest gainer in the past 24 hours, with it surging nearly 82% and breaking its 14-month high, according to crypto market data from Coinmarketcap.
Crypto analysts have coincided the pump in BTT price with the recent major achievement of Tron, which has reached a milestone of 200 million users. The news was shared by Justin Sun in a Twitter (X) post.
Also Read: Bitcoin Ordinals Hits $1B Market Cap with 850% Monthly Gain
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