Braintrust crypto soars 50%: Why is BTRST token gaining?

Highlights

• The Braintrust crypto has recently racked up massive gains while Bitcoin has settled at US$20K.
• Braintrust connects jobseekers with employers, with crypto used to decentralise the network
• All losses since the beginning of the year are however yet to be recovered by BTRST token

Are cryptocurrencies bouncing back? Bitcoin, the biggest of them all, seems to have stabilised at US$20,000, while Ether, the second biggest crypto, is at over US$1,100, as of writing.

Many other assets have also gained over the past few days. One of them is the Braintrust crypto, which has appreciated heavily over the past one day. There is a noticeable surge in the token’s trading volume as well. What are Braintrust services and why is the crypto gaining now? Let’s explore.

What is Braintrust crypto?

It claims to be the first decentralised network for job hunting and talent acquisition. Braintrust is a platform that can bridge the gap between jobseekers and companies. On its official website, Braintrust is now primarily highlighting freelance work for jobseekers.

What seems to be unique is the promise of no membership costs and fees as Braintrust claims that the person who lands the job can have all the 100% payout. But it is the Braintrust’s decentralised services, powered by a native token, which make it a participant in the cryptoverse.

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BTRST crypto token

Braintrust’s native token, BTRST, is said to have utility in the governance of the network. The project claims that token holders can decide how the network is run, infusing decentralisation into it.

The BTRST token, also known as the Braintrust crypto, can also be used to incentivise the users for their activities on the network. The tokens can be earned, it is stated, by referring Braintrust services to other freelancers. The Braintrust crypto uses the blockchain network of Ethereum.

BTRST crypto price

The Braintrust crypto’s market cap is over US$180 million, as of writing, and it is trading at a price of over US$2. The 24-hour trading volume of the token is up almost 500%, which has pushed the price up by nearly 50%.

In the wake of the wider meltdown in the cryptoverse, the Braintrust crypto’s price had dropped to nearly US$1.3 a few days back.

Why is Braintrust crypto gaining?

One of the probable causes behind the surge can be the announcement of its partnership with Behance, Adobe’s social media network. Another catalsyt behind the BTRST token’s surge could be the report that Braintrust has helped people make US$75 million through the jobs it has provided.

Besides, Braintrust also claims that big names like Nestle and NASA are using its services to hire people.

Also read: Enzyme crypto’s trading volume up 1,000%: Why is MLN token gaining?

Bottom line

The Braintrust crypto is one of the gainers in the cryptoverse currently. The crypto’s price as well as trading volume are in the green, helping recover some of the losses. Braintrust provides decentralised services for hiring talent, with the BTRST crypto serving as its native token.

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