The new Tron and BitTorrent project is expected to launch today.
In fact, yesterday, September 2, 2021, both the Tron Foundation and the BitTorrent company officially announced a new "trip" along with a new project.
The Tron Galaxy with BitTorrent and the Tron Foundation Special Day
Bittorrent has been part of the Tron galaxy for quite some time, since the announcement of the purchase of BitTorrent Inc. is from July 2018, but it has not been they know important news about this collaboration.
Now, however, the Tron Foundation is calling today a "special day", when the details of the new project will be revealed.
Meanwhile, the price of BitTorrent token (BTT) it has risen 8% in the last 24 hours, with an increase of 27% in the last week and 72% in the last month. Compared to a year ago, it is even 1,100% higher, even though it is 62.5% below its all-time high of April.
TRX and the speculative bubble
TRX It has made minor gains, although it is still up 24% in the last seven days and 62% in the last month.
However, compared to a year ago it has grown "Only" 200% and, above all, it is still 55% below the all-time high recorded in January 2018 at the height of the speculative bubble.
However, according to some forecasts, current prices could go higher until the end of the year, and today's announcement could help.
In fact, without knowing the details, few bought. For example, the price of ETH he has outperformed BTT and TRX in the last seven days, up 27%, and even in the last 24 hours, it is up 5%, compared to 2.7% for TRX. BTT, on the other hand, has done a little better, 8% more in the last 24 hours.
So far, it does not appear to have been influenced by the announcements made by the market Tron Foundation and BitTorrent Inc. because there are no details or rumors to indicate the real potential of what will be announced today.
For this reason, if it were an important and potentially positive announcement, it is possible to imagine that the market could become more optimistic about these two cryptocurrencies today. Everything will depend on what is announced and the impact that investors believe it will have on the cryptocurrency markets.
BitTorrent and the BTT token
Note that both BTT like TRX had a notable increase this year in April, around the same time as the Bitcoin ATH. Although the price dropped a lot after that and then from the end of July it started to recover.
However, compared to, for example, prices at the end of last year, current prices are much higher, although in the case of TRX they are still well below the all-time high of early 2018. However, it must also be said that BTT did not. still exist in 2018.
BitTorrent is a file sharing platform and Tron is the blockchain on which the BTT token was issued. It is highly likely that today's announcement is specifically about the latter, as the original tweet It is from the BitTorrent company itself , and was later retweeted by the Tron Foundation. However, this announcement is most likely referring to Tron as well.
In the past, announcements of this type have been able to make the value of BTT skyrocket in the short term, so it is not entirely impossible that something similar could happen this time. However, a lot will depend on what this ad is.