The new highs for Bitcoin have driven the price of virtually every cryptocurrency on the market. They always tend to benefit and one of them, in a prominent way has been BitTorrent.
We are in a delicate situation, there is a lot of FOMO and hundreds and hundreds of uninformed people are arriving, without study or research, who buy only on impulse or because they have seen a famous person doing it.
It won't take long to see a fix. BitTorrent, since 2018, which was bought by Justin Sun and linked to the TRX blockchain, will benefit if Tron is in good health. If Tron goes up, Bittorrent will most likely do it too.
We are not going to fool ourselves, it is a cryptocurrency with little future expectations, it has always been rubbish. Instead, cryptocurrency scalpers and traders can take advantage of some highs like the one you are having. I am obliged to say that the BTT token presents very fast transactions and is implemented in a very secure protocol. The thing is, it will be a shadow of Tron and it is almost impossible that it can surpass this one. What makes TRX strong is also its speed, its minimal withdrawal fees and its versatility with a multitude of applications in the DeFi world. Hundreds of TRXs are sold and bought a day.
The Dapps that are involved in this blockchain rotate through Tron, not BTT or Sun who are the goddaughters of Justin Sun.
The question arises if buying BitTorrent now is a smart idea, I personally would not do it, although this is not investment advice, at least until the correction arrives and its price stabilizes.