BitTorrent was initially conceived by Bram Cohen, a peer-to-peer protocol for users to transfer files around the world. The BitTorrent Token (BTT), a TRC-10 token is created on top of the TRON blockchain platform as a way to extend the capability of BitTorrent. The token is added to introduce some economics feature on BitTorrent for networking, bandwidth, and storage resources to be shared and tradeed.
Some of the other feature that BitTorrent Token (BTT) offers would be BitTorrent Speed. This is whereby BTT tokens can be big in exchange for faster download speed.
List of exchanges trading BTT token can be found at https://www.coingecko.com/en/coins/bittorrent/trading_exchanges
BitTorrent Price Analysis
As of September 7 2024 BitTorrent has a marketcap of $753M.
This is {{percentagefromath}} from its all time high of $0.00000343.
In terms of its tokenomics, there's a total supply of 990T with 98% currently outstanding.
Keep in mind BitTorrent has a fully diluted value of $770M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
