World famous BTS Soars Altcoin Price by 45 Percent with 670 Million Song! - Koin Bulletin

The price of the altcoin skyrocketed during the market downturn as a result of the announcement of purchasing partial rights to the song of the world-famous South Korean music group BTS.

Following a sharp decline in the cryptocurrency market, many investors suffered losses, while the altcoin project named Story Protocol (IP) provided gains to its investors. Story's IP token gained approximately %45 in value, driven by a significant development.

By tokenizing creative entities such as artworks, music, or content generated by artificial intelligence, making these entities programmable and tradeable, Story Protocol, announced on social media on Wednesday that the Story ecosystem project Aria Protocol has acquired partial rights to the world-famous South Korean BTS group's song “The Truth Untold”.

The song reaching over 670 million streams contributed to the appreciation of the project. Additionally, open positions in IP futures increased by 52% to $162 million, attracting investors' interest.

Despite the negative developments in the market, the performance shown by this altcoin has prompted investors to keep an eye on these projects for potential future downturns.