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Tron (TRX) opens BitTorrent for crypto projects and services advertisement

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Are you thinking of advertising your crypto project? It seems like BitTorrent, Inc. – the most common communication protocol for sizeable peer-to-peer file sharing, is the real deal. Today, the Tron (TRX)-acquired p2p company has opened advertisement network for crypto firms on their product.

How is It a Good News?

BitTorrent connects with over 100M users whereby it is stated that there are 170M active monthly users and 45M users who are active on a daily basis. Therefore, the announcement is music to the ears of the leading crypto advertisers as it provides them with the best opportunity to target as well as reach the internet’s valuable audiences.

Besides, the crypto advertisers will be exposed to a young, educated as well as the tech-savvy audience. The age bracket for this kind of audience is between 18-24 years, who are now internet-bond and won’t be reached if a traditional marketing channel was used. Perhaps, it looks like a win-win scenario for the well-established companies.

Interested crypto advertisers can get to know more on this URL: bitmedianetwork.com/crypto/

The founder of TRON as well as CEO of BitTorrent now, Justin Sun, said that there is a stronger engagement that is growing on the supply of premium display as well as video placements – all thanks to the release of uTorrent Web.

Also, Sun hopes that when the well-established crypto businesses think of making their projects public, they will include Bit Torrent in the strategy they employ for advertising. The main plan of the company is to work with the leading crypto businesses with a track record and ensure there is a positive brand alignment.

About TRON (TRX)’s acquired BitTorrent

BitTorrent is a leading P2P sharing company that has offered in-stream video advertising as well as the brand safe display for years now. After the announcement, it will now allow those selected crypto advertisers to start their campaigns and reach the global audience in a blink.

BitTorrent allows the users to send large files over the internet via its peer-to-peer protocol, and hence third-party content providers can connect with users all through an entourage of distributed technologies which scale efficiently.

There are hundreds of millions of devices installed with the BitTorrent’s mobile and desktop products across over 138 countries globally. As of now, not just for Tron (TRX), everything looks positive for the leading crypto advertisers as they have a global reach on merely an unprecedented scale. Are you looking to advertise? Perhaps, you have the platform already – BitTorrent.

For the global insights every crypto trader must have, apply for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of mohamed_hassan/Pixabay

Crypto

BNB Price Surges Past $300, Faces Crucial $339 Hurdle: What’s Next?

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BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.

Binance Coin Outlook

BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.

Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD)  on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.

The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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