![]() This monumental rise was partly attributable to technological advancements within the BitTorrent network, such as the integration of DLive, a blockchain-based live-streaming platform. BTT shattered previous resistance levels, reaching an all-time high of $0.0136 in April 2021. Throughout late 2021, the token traded between $0.002 and $0.004, struggling to reclaim its former glory but maintaining a steady, albeit narrower, trading range.Ģ021 brought a paradigm shift. Post its all-time high, BTT corrected sharply, losing over 70% of its value within a month. Yet, this was also a period of high volatility. Its price climbed steadily throughout the year but still struggled to break past the $0.0005 resistance level convincingly. In 2020, the crypto market at large experienced a renaissance of sorts, often referred to as the “DeFi summer.” Although BTT coin wasn’t directly a DeFi one, it benefited from the overall enthusiasm in the market. By mid-2019, the token was hovering about the $0.0005 mark. Like many other tokens post-ICO, it experienced significant pullbacks and retracements. The ICO sold out in minutes, and the nascent crypto quickly shot up to about $0.0012, tripling its initial price, thanks to the initial euphoria.Īfter this early surge, BTT’s price went through a consolidation phase, struggling to maintain its newfound highs. When BTT token debuted in early 2019 through an ICO on Binance’s Launchpad, the price was a minuscule $0.0004 per token. The redenomination offers multiple benefits, including cross-chain support, faster transaction times, increased security, and low transaction fees. While the token supply will see a dramatic increase, the market cap will stay the same. This new BTT version is also compatible with Ethereum, TRON, BSC, and other blockchain networks. The swap aims to move from TRC-10 to TRC-20, a shift that promises quicker and more secure transactions, along with lower fees. BitTorrent upgraded its BTT token technology, offering a redenomination plan that converts existing BTTOLD tokens to a newer, more efficient BTT version.ĭespite the name change, tokens remain safe and accessible. Content providers get an incentive to stay on the distribution longer.Ī huge shift happened in 2022. Users can pay with the cryptocurrency for the BitTorrent Speed option, which allows content to be downloaded faster. The coin is built on the BitTorrent protocol for network security, extending the current functions of the file-sharing project. It’s a TRC-20 standard token issued on the Tron blockchain. Current PriceīTT token is the result of the joint work of TRON and BitTorrent funds. This motivation increases the number of sids (users giving out files) and the final transfer speed. Coins can be spent to purchase licensed content. For example, for storing a movie on a personal computer, the owner receives a small number of coins. The task of the coin is to incentivize users to support the distribution of files. The main goal of the project is to provide global, unlimited access to entertainment content with real decentralization. BitTorrent, with its decentralized model, changes this equation. The server’s bandwidth is taxed, leading to slower download speeds, especially as more users try to access the same file. In a conventional setup, when a user needs to download a file, the burden falls entirely on a single server. 6 Where to Buy BitTorrent (BTT) Crypto?ĭeveloped as a protocol that departs from the centralized models of file sharing, BitTorrent has proven to be a solution to many of the bottlenecks that plague traditional systems. ![]() 2.6 BTT Price Predictions: Experts’ Opinions.
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