BitTorrent ICO Participants Have Seen Their Investment Grow Tenfold
- The last 15 months have seen many cryptocurrency traders go into a desperation mode, with the sentiment that money can only be made via shorting and scalping being widely accepted.
- With sale prices of $0.00012 per token, and ATH price of more than $0.0012 just a week after its launch, BitTorrent has become one of the quickest moneymakers in cryptocurrency history, beating giants like Gnosis and Basic Attention Token.
Most people can easily recall the bull market times when any coin you bought could bring you incredible profits within weeks. However massive Ethereum sales by EOS and other ICOs, massive dumps of MtGox bitcoins and numerous other factors ensured that the days of the bull would not last long.
The last 15 months have seen many cryptocurrency traders go into a desperation mode, with the sentiment that money can only be made via shorting and scalping being widely accepted.
The one thing that had been noticeably missing from the markets were ICOs that yielded massive returns in minimal time. Until BitTorrent.
With sale prices of $0.00012 per token, and ATH price of more than $0.0012 just a week after its launch, BitTorrent has become one of the quickest moneymakers in cryptocurrency history, beating giants like Gnosis and Basic Attention Token.
Led by Justin Sun’s impeccable ability to market a cryptocurrency, BitTorrent has inspired many crypto enthusiasts who left the market to start searching for the next big thing.
As for whether a success story like this can turn the entire market around – the next month will be crucial. Alongside Bakkt expectations, a crypto-enabled flagship smartphone and many exciting technological advancements, especially with top 30 cryptocurrencies – maybe optimism will return again.
- The popular crypto exchange has decided to sell its business in Russia to CommEX, a crypto exchange business that was officially launched on Tuesday.
- Binance noted that it will fully exit the Russian market, and have no ongoing revenue split or any option to buy back shares in the business.
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- The company said it will be suspending its crypto-backed debit card service in the Middle East on 25 August, and in Latin America by 21 September.
- Although no reason was given for the decision, the company noted that “less than 1% of users” in those regions will be affected by the change.
- A spokesperson said the change was due to the “changing market and user needs”, and that Binance will now be refocusing its resources on its main products and long-term goals.
- Launched in March 2022, Binance Connect helped crypto businesses connect with the traditional finance system, and supported 50 cryptocurrencies and networks such as Visa and Mastercard.