BTT Crypto: BitTorrent Token Price
BTT crypto was launched in 2019 via an initial exchange offering (IEO) on Binance's Launchpad platform in two separate sales. One included buyers paying with the token native to the Tron blockchain, TRX, and the other for buyers paying with Binance's token, BNB.
As a TRC-10 utility token, BTT crypto empowers the characteristics of some of the globally accepted decentralised protocols and apps. The most popular dApps driven by BTT crypto include BitTorrent Speed, BitTorrent File System, DLive, and others that are being prepared. The token utilizes the BitTorrent protocol, once the most extensive file-sharing protocol for sharing and transferring. Supported by a solid and high-bandwidth open blockchain, the BTT crypto token managed to tackle the convenience issues of establishing a hybrid consensus mechanism.
According to the official description, the cryptographic procedures behind BTT crypto lean on the 'zero-disclosure evidence and mathematical consistency' of the whole blockchain-enabled transaction. It adds this is able to be cross-checked with any data or message being revealed to the other part in the transaction. Security issues are, therefore, restrained first. The credit goes to the making of the Zyro protocol by BTT, which also became perceived as one of the main protocols of DeFi.
One of the main characteristics that beat others is that it guarantees liquidity and a breakneck speed of transactions on the network. This apparent trend makes it unique when relating it to other Ethereum-based DeFi protocols and, simultaneously, makes room for more mining. Thus, it would not be too much to say that one of the crucial functions of tokens is being a promoter for implementing smart contracts and transferring funds.
BitTorrent Inc. platform was introduced in 2001 by founder Bram Cohen, who is also a creator of a file-sharing system with faster download speeds and no copyright issues for large files. It also enables interoperability with networks such as Binance Smart Chain and TRON. After developers ran the mainnet of BTTC with BTT redenomination, BTT started supporting Ethereum, TRON, and Binance Smart Chain.
The use-cases of new tokens include the coin acting as a validator on the BTTC network and staking on BTTC to get rewards. It also has a significant role in the governance of the BTTC community, and one can pay gas fees with it as well. At the time of writing, BTT crypto price was hovering around $0.000857 with a circulating supply of 990.00B and the total supply of 990,000,000,000 BTT. The market capitalisation stood at $847,790,125.
On January 18, the BitTorrent token price was trading above $0.000002994. However, a correction happened after that, and the coin plunged to the low of $0.0008532. The all-time high record stands at approximately $0.000003054.
Is BTT a Good Investment?
There are numerous opinions about whether the token would be a good investment or not. It surely can be viewed as a high-risk one-year investment option if you are looking for cryptocurrencies with good returns. Some argue that it could reach $0.0000010 by the beginning of December 2025. The expected maximum price stands at $0.0000018, while the minimum price is $0.0000012.
According to some famous crypto investors – something interesting may happen.
WalletInvestor commented that BTT crypto should plunge to $0.000000194 in a year's time, while Gov.capital thinks BTT could be worth approximately $0.0032 in a year and $0.0233 in five years' time.
DigitalCoinPrice predicts Btt crypto could hover around $0.00202 in May 2023 and $0.00319 by May 2024.
The BitTorrent prediction for 2025 is an average of $0.00296 per year. The approximate value in 2026 could fall to $0.00266, and in five years, the token could rise to an average of $0.00341. The site's prediction for 2030 stands at $0.00692.
Potentially, the token might be a good investment, however. As it seems, analysts say it could act quite bearish in both the long and the short term.
However, some analysts think BTT will rise progressively and consistently during the next few years. Others argue that the price will keep on falling. The truth is, nowadays, the whole crypto market is highly volatile, meaning huge price swings can happen within seconds due to stricter legislation, dog-eat-dog nature, the evolution of new technologies, simple trade, and market sentiments.
Author: Teuta Franjkovic
A sincere writer with a strong will to share knowledge on all things blockchain, crypto, metaverse and DeFi. Starting out as a writer with Cosmopolitan, Teuta has risen through the ranks of business journalism, editing newspapers and websites within the fintech industry for over 15 years. She holds a double MA in Public Politics and Entrepreneurship.
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