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Before the renaming of BitTorrent (BTT) to BitTorrent Chain (BTTC) in December 2021, the price of BTT experienced a significant increase. At the beginning of December 2021, BTT reached a peak of $0.002034 USD on December 4, before the launch of the BTTC mainnet.

After the renaming, a conversion was made where 1 old BTT was converted into 1,000 new BTTC. This change adjusted the total supply and the price per token, but did not affect the total value of investors' holdings. For example, if an investor had 1,000 BTT before the renaming, they would then have 1,000,000 BTTC, maintaining the same total value in USD.

It is important to note that, although the price per token decreased due to the increase in the number of tokens in circulation, the total value of investors' holdings remained constant. This type of renaming is common in the cryptocurrency world to improve liquidity and facilitate transactions.

$BTTC #CryptoReboundStrategy