BitTorrent (New) (BTT) recorded a fresh price surge of around 27% on Tuesday as Justin Sun made a huge announcement linked to the project. TRON blockchain founder in a post shared the details of integrating BTT with AI computing. The new fusion helped the BTT token to carry on with the positive momentum.

BitTorrent gets fresh price rally

Justin Sun stated that this integration represents a forthcoming breakthrough in the blockchain industry. He added that BitTorrent with its billion strong global use base stands at the front door of the revolution. It is important to note that BitTorrent holds a highly distributed network of nodes.

He highlighted that these nodes can earn BTT by completing computational tasks and helping AI in achieving content delivery networks (CDN).

BitTorrent (New) price saw a major spike as soon as Justin Sun made this integration declaration. However, BTT is already riding on positive sentiments in the market. BTT price is up by 138% in the last 30 days. It is trading at an average price of $0.000002, at the press time. Its 24 hour trading volume is up by 246% to stand around $400 million. BTT is holding a market cap of $1.87 billion.

As we take a look at its history, BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform. It was originally launched in July 2001, however, Justin Sun’s blockchain platform TRON bought it, back in July 2018.

Since this acquisition, the file sharing platform has added new tools in accordance with its native crypto, BTT. The token was launched on TRON’s blockchain using its TRC-10 standard.

A good news for TRON ecosystem?

TRON founder had stated that this collaboration will ensure the computational power necessary for AI tech but it will also enhance decentralized support. He suggests that this can mark a pivotal moment for the future of blockchain technology.

This can be termed as a big achievement for the TRON ecosystem which had received several jolts recently. Data depicts that the TRON Ecosystem Tokens market cap has been marginally up in the last 24 hours. It now stands at around $15.5 billion. Its 24 hour trading volume is up by 77% to stand at $1.47 billion.

TRON’s TRX price had suffered a marginal decline in the super bullish rally of Bitcoin (BTC). TRX is still up by 17% in the last 30 days. It is trading at an average price of $0.1397, at the press time. $BTTC $TRX #BTTC #BTT #TRX