With the market being bearish, BTT continued to show resistance. At the end of December 2019, BTT received the needed support and was trading at $0.0003. Again, the coin experienced a significant downfall until the end of the year. By October 2019, BTT was trading at 0.0005 USD. In the third quarter, BTT plunged considerably to 0.001 USD and continued the fall until the quarter. Later, BTT recorded its all-time high by reaching 0.01426 USD at the start of April. The BTT continued with this bearish momentum for several months. An explosive pump was experienced in February. However, later in February, BTT launched a great start by surging as high as 0.0011 USD per cryptocurrency unit. Since its launch in 2019, the cryptocurrency has lost about 80% of its launching value.įollowing its listing on CoinMarketCap on January 31, 2019, BTT traded at a closing price of around 0.0004 USD in the first two days. 2019īitTorrent token has had a rough year since landing on the cryptocurrency markets.
The expansion of BitTorrent into the cryptocurrency market was intended to make it a more distributed network, compensating providers while increasing the efficiency of sharing large files to reduce server and network impact.
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Thus, if requesters wish to download the said file, they receive pieces of the same file from multiple providers. Providers who host a file split them into several pieces. Transactions begin when a user asks for files from the providers who host the files on their computer.
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Source: WalletInvestor History of BTT PriceīitTorrent is a software that connects parties accessing its network to compute file sharing requests at its core. The BitTorrent price prediction sentiment is currently bearish. The highest BTT price since the last cycle low was $ 0.005334 (cycle high). The lowest price since it’s ATH was $ 0.001798 (cycle low). BitTorrent cryptocurrency is now recognized as one of the most extensive peer-to-peer software in the cryptocurrency market.īitTorrent reached its highest price on when it was trading at its all-time high of $ 0.013830. Users on the TRON blockchain can use BitTorrent coin (BTT) to play along with content creators’ files on the network. BitTorrent provides a market of the most extensive file-sharing protocol with more than 100 million users.
supply is not available.ħ Conclusion BitTorrent Overview What is BitTorrent cryptocurrency?īitTorrent is a peer-to-peer file-sharing market platform that has become more decentralized in recent times. BitTorrent is down 4.28% in the last 24 hours. The current CoinMarketCap ranking is #213, with a live market cap of $514,886,951. It has a circulating supply of 990,000,000,000 BTTOLD coins and the max. Today’s BitTorrent price is $0.000520 USD with a 24-hour trading volume of $3,142.43. Along the way, we will take a look at BTT price analysis before we go into BitTorrent price prediction.īTT token is bought and spent by those who request data or wish to increase their download speed. Going by its market cap, it has become one of the best gainers in the shortest time. The old token is now named BTTOLD and the new one is BTT which launched in January. The new ownership then introduced BitTorrent to the crypto market to help expand BitTorrent protocol and incentivize the volume of users or traders on the network.īitTorrent said that under its planned redenomination of its token BTT it has burned 541 billion BTTOLD representing 54.6% of the total. To that end, BitTorrent was acquired by the Tron Foundation, creators of the Tron blockchain, in 2019. Since its launch in 2000, BitTorrent has struggled to monetize its massively popular service into a profitable investment.