Bitway (BTW) has become one of crypto’s biggest winners, even as traders bet heavily on its collapse. The token hit a record $2.75 on October 14 before retreating to $2.45, still up 27.5% in 24 hours.

Those betting against the rally paid dearly. Nearly $2.9 million in short positions were liquidated in a single day, according to CoinGlass.

So what is driving this little-known token, and how much higher can it go?

Why Is Everyone Suddenly Buying Bitway?

Bitway is a crypto project offering yield-earning products and developing a Bitcoin-compatible blockchain. Its BTW token supports staking,…