![]() When BTT was purchased by TRON, it received huge community attention. Moreover, BTT tokens are used as TRC-10 tokens in the TRON blockchain. Ever since the BitTorrent token was released, it has been widely used by traders as a trusted investment. When doing so, not only he acquired one of the biggest file-sharing programs in the world, but he also created a new native token for the TRON cryptocurrency, named in the same way, BitTorrent (BTT). After its quick success, Justin Sun wanted to improve TRON even more.Īs such, he purchased the BitTorrent program for $120 million. Launched by Justin Sun, TRON grabbed the attention of many investors immediately. In 2017, a new cryptocurrency that offered decentralized services was TRON (TRX). On the other hand, with the launch of Bitcoin, many other cryptocurrencies were emerging that offered more decentralized services than Bitcoin so that they had a chance to compete with the world’s first and biggest cryptocurrency. The goal of BitTorrent was to allow people to share files, movies, songs, and other entertainment material in an efficient way: fast and cheap. This P2P computer program had a very successful launch, despite various legal issues that were resolved throughout the years. It was created by American computer programmer Bram Cohen. Originally, BitTorrent was one of the first decentralized networks, which offered file sharing and other torrent services. So let’s begin with some background information for BTT. ![]() Serving as a native token for TRON (TRX), BitTorrent has become a much-needed asset for many people in 2021 so far.īut can the same be said about the BTT future? Is BTT a worthy investment or is it simply a token whose reputation can die out soon? To know the answer to these questions, it is necessary that you know the basics behind the BitTorrent project, what it tries to achieve, price history, as well as potential price factors. It is a file-sharing project and a torrent platform (as the name suggests). ![]() One famous peer-to-peer project the price of which has been increasing recently is BitTorrent (BTT). Its price has been volatile and it is expected to increase in the upcoming months and weeks.Ĭrypto prices have surged in 2021. If the price of Bitcoin will continue to rise upwards, then one can expect a strong growth of Bittorrent.Update: Decem– BitTorrent remains a preferred cryptocurrency for many investors. However, the development of the Bitcoin price is ultimately decisive for the growth, as Bittorrent is very dependent on the Bitcoin price. There is definitely room for growth due to the rather low market capitalization of Bittorrent of only 7.5 billion. If Bittorrent were to rise to a market capitalization of Cardano (38.5 billion), then the price would increase by approximately 500%. Comparing the market capitalization of Bittorrent (BTT) with well-known cryptocurrencies such as Cardano, Vechain and Ripple, it is clear to see that there is extreme growth potential in terms of Bittorrent’s market capitalization. Due to the relatively low market capitalization, strong price growth is definitely possible in a medium-term horizon. Bittorrent is ranked 23rd among all cryptocurrencies. BitTorrent (BTT) Price Prediction & Analysis 2021 – Crypto Newsīittorrent’s share price is currently $0.007673 and its market capitalization is 7.5 billion.
0 Comments
Leave a Reply. |