BTT, the cryptocurrency of peer-to-peer file sharing platform BitTorrent, gained more than 10% in value on a daily basis.
Coins burned in the Tron network had a positive impact on the BitTorrent price. TRXs burned on Tron are completely removed from circulation, reducing the supply of the coin.
BitTorrent was acquired by Tron founder Justin Sun in recent years. Last year, the US Securities and Exchange Commission (SEC) announced that BTT and TRX coins security BitTorrent Foundation, BitTorrent Inc., now known as Rainberry, with the claim that it is of and filed a lawsuit against Justin Sun.
Positive developments in the Tron network have also affected the BTT price from the past. up carried it. BTT, total users of Tron in December to 200 million reach in one day almost twice had gained value.
According to Tronscan data, in the last month in total More than 170 million TRX The coin has been removed from circulation. TRX, whose annual supply decreased by 2.99%, is currently in the deflation phase.
