The broader crypto market was mostly sideways after a rather bearish start in April. Over the past day, BitTorrent’s BTT token surged by around 8% while the overall market dipped slightly. The token is now trading at around $0.000001629 after witnessing an uptick in investor traction.
Other cryptos like Cronos (CRO) and Binance Coin (BNB) have also gone up in the last 24 hours. Meanwhile, 99Bitcoins has become a trending new presale that could be the next crypto to explode as it raised over $170K in less than 48 hours of its launch.
BitTorrent Rallies 8% Amid Market Uncertainty
While market leaders like Bitcoin struggled to cross the $71K resistance, BitTorrent outperformed most cryptos by surging 8% over the past day.
BitTorrent is a leading platform for sharing files in a decentralized way. It was created to make file sharing more secure and efficient. BitTorrent has been constantly growing its ecosystem and using blockchain to create a reliable network for users.
BTT’s price decreased sharply by around 15% at the start of the month, which correlated with the broader market decline.
However, its daily chart has chalked out an ascending channel pattern. Such a pattern depicts that the bulls have an edge in the market. Consequently, the token was up by over 16% in the past week.
Buyers should now pay close attention to the immediate resistance level at $0.0000016. If the price sustains above this level, it could help BTT continue its ongoing uptrend. A potential price reversal could happen if the token can’t find a strong close above this level.
Cronos Continues Uptrend After Breaking Out Of This Bullish Pattern
Cronos is the native crypto of the Cronos Chain (which was developed by Crypto.com). Today, it went up by nearly 6%. This is mostly because of the after-effects of the announcement about the Titan Upgrade, which is a big improvement to the Cronos blockchain.
The Titan Upgrade happened on March 26 and has gotten much attention in the crypto community since then. It’s expected to make the Cronos blockchain work faster and better. It will also increase the capabilities of decentralized applications (dApps) in the Cronos ecosystem.
Data from TradingView shows how CRO’s value has increased by an impressive 27% since the last week of March.
The gains over the last 24 hours could be mainly because of a technical breakout from a symmetrical triangle pattern that was seen on its daily chart.
A big rally could start in the coming weeks if CRO closes above the $0.16 resistance.
Binance Coin Saw A Strong Recovery From Its March Lows
Data from Coinglass shows that BNB’s ‘Open Interest’ in the derivatives market (which is a way to measure how much people are trading BNB) went up by 8% in the last 24 hours. At the same time, its price went up by around 4%. This showed that investors felt more confident about BNB in the short term.
Also, the Binance token has reclaimed its position as the 4th largest crypto by market cap, according to CoinMarketCap.
Looking at BNB’s daily trading chart, we can see a classic ascending triangle. This pattern shows a strong bullish edge in the BNB market.
If the price can find a breakout above the $623 resistance, the token could continue rising in the coming weeks. But the trading volumes over the past few days have rather declined. This declining trend shows a weak recovery.
Meanwhile, new projects like 99Bitcoin are getting a lot of investor traction. It is already reaching new presale milestones in less than two days of its launch.
99Bitcoins ICO Nears $200K Milestone
99Bitcoins is a popular educational platform that teaches people about cryptos like Bitcoin. It’s quite popular, with over 700,000 YouTube subscribers and 2 million people signed up for its online courses.
Recently, 99Bitcoins launched its new token called $99BTC. Their idea is to reward people for learning about crypto through their “Learn-to-Earn” model.
You can earn $99BTC tokens when you take courses, quizzes, and tutorials on their website. Their vision is to make crypto learning more fun and rewarding for beginners.
This idea has resonated with many users as the platform has raised over $170K in less than 48 hours of its launch. Early buyers can get the $99BTC tokens for only $0.001 each at the time of writing.
Currently, the token is launched as an ERC-20 token on Ethereum. But it has plans to expand and bridge into Bitcoin’s ecosystem using a BRC-20 model.
Buyers also have the option to stake their tokens during the ongoing presale. At press time, the platform offered APYs of over 18,000 for early stakers.
The 99Bitcoins website has content for all levels of learners, from beginners to experts. If you hold $99BTC tokens, you can access special features like exclusive courses, trading signals, and a VIP community.
The 99Bitcoins whitepaper has outlined a clear roadmap for the platform, highlighting its goal of listing its tokens on exchanges soon.
Interested buyers can enter the 99Bitcoins Telegram group and follow it X (formerly Twitter) to get the latest updates.
