BitTorrent’s native TRC-20 based BTT token spiked a jaw-dropping +34%, but as price action enters retracement – is it too late to buy BitTorrent?
The huge upside pump comes as BitTorrent token continues to rank as the best performing Tron network token.
Top 5 #TRON based Projects with the Biggest 7D Price Change:
— CoinMarketLeague.com (@CML_Crypto) October 30, 2023
However, the crux of the major pump appears to have been triggered by news of an upcoming improvement proposal to BTT’s BitTorrent File System (BTFS).
The BTIP-25 proposal would move to integrate an Amazon Web Services S3-Compatible API service on BTFS protocol implementation; translating incoming AWS S3 object operations into corresponding operations for BTFS resources.
BTT Price Analysis: After BitTorrent Pumped on AWS S3 Integration Proposal – Can BTT Price Survive Retracement?
Following the big pump, BTT is currently battling retracement at a market price of $0.00000047 (representing a 24-hour change of -8.61%).
The retracement move has slowed, as BTT fights to secure a foothold atop the recently smashed 200DMA – a level untouched since a similar fleeting pump on April 19.
BTT’s major rally was triggered after price broke above 174 days of suffocating resistance from the descendant 20DMA (currently sat at $0.00000039).
If BTT price can find a foothold here, it will successfully consolidate a recovery of 1.5 months of downside losses.
However, warnings signs emerge from the RSI indicator, which is reading at an overbought 68.53, suggesting further retracement could be necessary.
Yet, very minor contrast appears from the MACD which is stood at 0.0000000115 in a display of slight bullish divergence.
Overall, BTT price looks weak here, if price action is unable to retain the 200DMA level – as suggested by the RSI indicator – then a tumble down to lower support is likely.
This leaves BTT with an upside target above the 200DMA at $0.0000005 (a possible +7.9%).
While downside risk stands at lower support around $0.000000435 (a potential -8.07%).
BTT price action therefore carries a risk: reward profile of 0.98, a bad entry that suggests it is too late to buy BTT token.
Yet, while BTT struggles to hold fresh gains, an emerging GambleFi presale is riding high on the tailcoats of Rollbit’s skyrocket success.
Top Rollbit Alternative? This GambleFi Crypto Presale Just Accelerated Past $1.6M
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $1,602,696 raised in just two weeks, here’s why it should be on your radar.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The presale price for $TGC tokens has risen to $0.15, making early adopters’ holdings even more valuable 🚀
Congratulations to those who secured their TGC at lower prices 🙌 pic.twitter.com/AXzYPZdPvS
— TG Casino (@TGCasino_) October 31, 2023
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: Hype and Beyond
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 3,446% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.