The BitTorrent (BTT) price has been constantly declining since January 2022 but has risen to an 11-week high on Oct. 31 when the platform announced a renewed product.

BitTorrent announced the BitTorrent Web PRO on Oct. 31 on X (formerly Twitter), which helped the asset’s price rise to $0.00000052. But the surge was short-lived, and the BTT price declined again.

BTT price, volatility, and social volume – Nov. 1 | Source: Santiment

The announcement faced criticism from many users on X, saying that “investors are losing money.”

The holders are only losing money… #BitTorrent Web Pro?? who will buy this??

— Kimsman (@hasoo_kim) October 31, 2023

According to data from the market intelligence platform Santiment, BTT’s price volatility skyrocketed on Oct. 31, when the asset reached a local top with a $41 million 24-hour trading volume.

You might also like: New Bitcoin highs are coming: analyst

While BitTorrent’s price volatility declined by half, the asset’s social volume and value still couldn’t hold their position.

According to Santiment’s data, BTT’s social activity has plunged by around 45% over the past 24 hours, while its price is still up by 14.7% over the past seven days.

BTT is down by 8% in the past 24 hours and is trading at $0.00000045 when writing. The asset’s market capitalization plunged to $435 million, making it the 83rd largest crypto asset.

BitTorrent’s 24-hour trading volume also declined by 22% over the past day and is currently standing at $36.8 million.

Read more: TON hits world record for blockchain speed

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version