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The BitTorrent price jumped 8% in the last 24 hours to trade at $0.00000163 as of 03:35 a.m. EST on trading volume that surged 48% to $67 million.
This comes after the BTFS v2.3.5 mainnet went live, which now supports the BTIP-51 proposal. The proposal will allow nodes to store the metadata of uploaded files on the blockchain. As the mainnet brings in new developments and features, will this lead to a further price surge?
BTFS v2.3.5 Mainnet—Gauss is now live!
New feature:
1. BTFS now supports the BTIP-51 proposal, which encourages nodes to store the metadata of uploaded files on the blockchain. https://t.co/hwM5IPL4QuImprovements:
1. Added support for multiple RPCs to boost the success rate of… pic.twitter.com/HTW49loDDK— BitTorrent (@BitTorrent) March 29, 2024
BitTorrent Price To Sustain The Bullish Stance Over The Falling Wedge
The BitTorrent price has been rising steadily from mid-February, with the bulls showing dominance to drive the price up from the consolidation channel around the $0.0000010 range. March saw BTT soar with an 83% price increase to a high of $0.0000022 before going through a retrace back to support at $0.0000012.
However, BTT is still up 44% in the last 30 days, with the bulls using the $0.0000012 support to drive the price over the upper boundary of the falling wedge pattern.
On the 4-hour chart, BTT is well above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the bullish prospects of the price.
Additionally, the Relative Strength Index (RSI) is rebounding from the 50-midline level to 63, which indicates rising buying pressure. If the bulls sustain the bullish momentum, the RSI may climb to the 70-overbought region, suggesting increased investor optimism.
BitTorrent Price Prediction
The BitTorrent price shows signs of a continuation of bullish momentum over the falling wedge pattern, with the bulls aiming at $0.0000019, a 53% increase from the current price.
Additionally, the RSI is climbing towards the overbought region, which shows that investors are on a buying frenzy, which could push the price higher.
However, the 200-day SMA crosses above the 50-day SMA, forming a death cross at $0.0000014. A death cross mainly suggests a bearish outlook of the price. In such a scenario, the bears may take control of the price, which could see BTT go through a retrace back to the support zone around $0.00000120.
Meanwhile, as the BTT price soars, investors are also buying $SMOG as the development team announces the possibility of a centralized exchange listing soon.
Smog Season 1 Airdrop Nears End After CEX Listing News
Smog has caught the attention of investors, having soared 240% in a month with the promise of the greatest airdrop in history.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
More investors are flocking to the project, as the team promises a major centralized exchange (CEX) listing. Key details of the listing are still scarce, but there is a possibility of the listing to arrive as early as next week, which could be followed by a second CEX listing.
The team has also allocated 35% of its 1.4 billion total token supply for the upcoming airdrop. Season 1 of the airdrop is set to end in just over five days and will involve massive giveaways in the region of $1 million.
Additionally, holders are urged to continue fulfilling daily tasks on Zealy to earn rewards before the season ends. The second season of the airdrop will mainly focus on on-chain trading.
Buy $SMOG Before Listing, Stake For 42% Annual Rewards
You can purchase and stake $SMOG, earning you an impressive 42% annual percentage yield (APY) on the staked tokens.
Crypto Gains, a crypto YouTuber, believes that buying SMOG now could yield gains of up to 100X on your investments.
The best place to buy Smog is on the official website, where you can get a 10% discount while the offer lasts. You will need a compatible wallet to swap ETH or BNB for SMOG tokens. Alternatively, you can use your bank card.
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