Bytom (BTM) Enjoys Antminer B3, Price Regains Positions

Published on 21 May 2018 by Cryptovest Staff

The BTM digital asset, running on the new mainnet for a few days now, saw its price spike after the recent drop.

Bytom (BTM) saw significant price action ahead of its mainnet launch on April 24. But afterwards, the coin only slid down. Until yesterday, when BTM rose suddenly by nearly 20% in a single day, to $0.75. In the past, BTM has touched $1 prices.

But the biggest boost for the Bytom project comes from the up and coming ASIC mining.

https://twitter.com/asianminershop/status/998387898872365056

It was precisely this news that may have boosted Bytom over the last few hours. The dedicated machine gives credibility to the project, and may see Bytom reach a higher price range. The launch of an ASIC just days after the mainnet launch is no coincidence - and Bitmain also worked hard to release new firmware and make the first batch of Antminer B3 work smoother, with a higher hashrate. But Bytom just became one more coin to add to the radar as an influential project with a well-supported network.

The Antminer B3 sells for about $2,200, and is a part of several new batches, targeted to projects like Ethereum (ETH), ZCash (ZEC), and CryptoNote coins.

The total supply of BTM coins is 1.4 billion, with 987 million in circulation. With a market cap of $725 million, BTM is a short distance from the $1 billion market cap club, which would give the coin more prominence. Additional exchange listings may also lift the fate of BTM. BTM has a presence on Huobi and OKEx, but still no word for a Binance listing.