Overvaluation Risks Haunt BitTorrent As Price Explodes 164% QTD
BitTorrent turned alarmingly overvalued on Monday as its price popped higher by as much as 164 percent quarter-to-date. The BTT/USD exchange rate surged to $0.013, its highest level on record, after rallying seven days in a row. Every sell-off attempt met with an equally aggressive accumulation, prompting more and more traders to buy the Justin […]
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Traders who bought BitTorrent at its top, believing that the Justin Sun-backed token would keep on pumping, are now facing huge intraday losses. The BTT/USD exchange rate crashed by more than 40 percent after setting up a record high of $0.0134, questioning catalysts that prompted BitTorrent’s explosive upside move in the first place. Earlier, NewsBTC […]
Bitcoin and blockchain technology may be among the more obvious tools of evolving Internet decentralization, but BitTorrent, peer-to-peer file sharing, also portends major changes for commerce and industry. Because bitcoin and blockchain technology use peer-to-peer protocols, they are often deployed in BitTorrent projects. Direct File Sharing. WebTorrent, a streaming BitTorrent client for the browser, powered by WebRTC (web real-time communication), allows users to share files directly from their browser, without having to install or configure anything. “WebTorrent is just like BitTorrent,....
Today, major banks are touting their mobile banking apps as the next best thing. But are these “innovations” or just renovations on the proverbial deck of the Titanic? And similar to how BitTorrent impacted the entertainment industry, would incumbent banks have remained complacent without a prod from Bitcoin? The BitTorrent Effect. BitTorrent is to....
BitTorrent is evolving into an ecosystem of decentralized storage, data protocols and content distribution, the firm says.
XRP price has bounced back from its July lows but some indicators are starting to suggest that the rally is due for a pullback. XRP price almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback.In detail, the XRP/USD exchange popped 11.78% higher to reach $1.20 for the first time since May 22. The pair's gains appeared as a part of a prevailing bullish trend that started July 20 when it was trading for as low as $0.154—a 134% upside....