Bitcoin no longer wanted to replace BitTorrent Co. in Turkey

Interest in the altcoin market is on the rise these days, when the Bitcoin (BTC) currency is flat. Especially domestic investors are interested in cryptocurrencies with a relatively low market value and high volatility.

According to statistics, in Turkey, decreased the last two months made Bitcoin searches, exponentially increasing the value of BitTorrent Co. (BTT) peaked calls.

Bitcoin searches made on Google in the last year. Source: Google Trends

Searches for “Bitcoin”, which had a big breakthrough in January and February of 2021, declined in March. Searches, which generally increased during the period of high volatility, have recently focused on altcoins.

Google Trends data shows that searches for the terms “BitTorrent Coin” and “BitTorrent” have gained momentum, especially in the last month.

“What is BitTorrent coin?” big break in your search

Searches for BitTorrent (red) and BitTorrent Coin (blue) on Google in the past year. Source: Google Trends

with a high interest in the new technologies to the people of Turkey and crypto-currency, leading virtual presence he thought was high potential, turning to face turning to the new currency Bitcoin.

BTT, the local token of the file sharing platform BitTorrent, has also managed to attract new users while it has caught a huge price increase in the recent period.

BitTorrent searches conducted in Turkey showed the biggest rise in the near term. According to Google Trends data, the domestic investor who searches like “BitTorrent version” and “BitTorrent coin how much TL”, “What is BitTorrent coin?” He got help from the search engine to find an answer to his question.

As can be seen in the graph, searches with the word “BitTorrent” climbed to the top.

BTT / USD parity increased 11 times in one month

4-hour chart for BTT / USDT pair. Source: TradingView

Traded at $ 0.0011402 on March 5, BitTorrent Coin hit an all-time high of $ 0.0135776 in the first hours of April 5th.

In the past 30 days, the increase in BTT price was calculated as 1.091 percent. At the time of preparing this news, the pair was around $ 0.0118393.

The views and comments expressed here are only of the analyst. It may not reflect Cointelegraph’s views. Every investment and trading transaction involves risk. When making your decision, you should do your own research.

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