Back then in 2000, a new product came out where you could literally share and download files on a peer-to-peer basis without the hassle of a third party termed bittorrent. However over a period of time as users swarmed the ecosystem, the downloading became sluggish and most of the contents weren’t available on the BTT ecosystem.
To help resolve this issue and incentivize more than 150 million active BTT users, in 2019 the Tron Foundation acquired BitTorrent and released a new peer-to-peer blockchain-powered file-sharing ecosystem known by the same name BitTorrent however with an upside propelled by the BTT token cryptocurrency.
Under the BTT crypto ecosystem, the server distribution is shared, which significantly improves downloading speed and incentivization scheme to not delete any file allows longer files and content available within the BTT ecosystem.
How BTT Crypto Works?
The BTT ecosystem breaks a single file into various fragments and stores the same on multiple servers. Here servers mean users who are actively dedicating their storage space to the BTT ecosystem. Whenever a user queries a file, that file will be sourced from different network/nodes storing a part of the file. To initiate the process, the user who is querying about the file must pay the file sharer in BTT tokens.
Why is BitTorrent fast?
High speed is a challenge and that can happen only when instead of one server/user sharing the file, the entire ecosystem participates. To make such a possibility happen, the BTT ecosystem rewards every user within the ecosystem who remains active on the ecosystem with respect to file download and sharing. Thus making the ecosystem sustainable and battle-tested from a speed and uptime perspective.
There’s another upside on the BTT ecosystem where users can participate in other people’s distribution and earn rewards. This will be facilitated by a distribution channel that has not enough space and wants to share space with other users. For this service, the users who will be sharing the space get BTT tokens in return.
Bittorent Price Prediction for 2022
A 500% return in 2021 would make investors piqued to any token, BTT did deliver the same in 2021. It shot to fame on April 05, 2021 trading at $0.0142; however, the question to raise would be whether BTT would be worth $0.007 by 2022. Let’s find out;
Looking at the market, despite a lot of pessimism around crypto and the bear market in full swing, we do see BTT crypto defending its market position. For example, if you look at the chart, the BTT price movements as per the Keltner channel signal an upside in formation.
As you can see, the bottom curve has already touched the last candlestick in the 1-day chart. This denotes that the downtrend is all about to get over and an upside will soon follow or the return of bullish momentum is imminent.
The MA or moving averages of 50 Day and 100 Day show that the curves are well over the last candlestick signifying that bullish momentum would return
The positive momentum could push prices well above their current ATH of $0.01426 in 2021. However, there’s resistance visible at the R4 level at 0.00498440. If the crypto market goes back towards a bullish trend, we could see an upside as high as the previous ATH by 2022 end.
Where To Buy Bittorrent?
How to Buy Bittorrent on Binance?
We are assuming that you have USDT in your account. You can swap the same to BitTorrent crypto.
Login to Binance.com
Input your email ID and password.
Click on trade and convert.
Pick the amount of USDT, here I have picked $20 for a demo; though I do not intend to buy the token so I have not finalized the same. But once you do, it will reflect on your spot wallet.
You can keep your portfolio on the exchange wallet or you can keep it in your hardware wallet. You are free to choose any option, but storing all your cryptos in a hardware wallet keeps you safe from hacks and misuse.
- Shiba Inu to Reach 1$ soon? This New Upcoming Development Proves it Right
- Want to Buy an Undervalued Coin? BitTorrent is your ONE!
- Top 5 Cryptocurrencies of the Week -(Week 50)
- SHIB’s Burn Rate Soars: Can it Ignite a Price Rally in 2023?
- Tron CEO Pays $4.57 Million for Lunch With Warren Buffett
- Top 5 Performing Cryptocurrencies of the Week -(Week 29)
- Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
- Breaking Down Barriers: Top 5 Interoperability Tokens to Invest In
- Crypto Market: Golos +371%, bZx/Chainlink Partner, On-Chain Analysis etc.
- Want to Invest in the Future of Crypto? Meet Curve DAO and its CRV Token
- Maximize Your Returns with These Top 5 Storage Tokens for 2023
- Top 5 Cryptocurrencies of the Week -(Week 34)
- Ripple Price Prediction – How High will XRP reach in 2050?
- Tron Price Prediction – How High will Tron Go in 2025?
- Should You Invest In TRON? : The Story of Tron Blockchain and a Lot of FOMO
- Ripple Price Prediction – How High will XRP Reach in 2025?
- Tron Price Prediction: STRONG BUY TRX! Here’s the Indicator
- Bee Crypto: A Scam or A revolution in Mining
- TRX to the MOON! TRON Breaks 10 cents, can Tron reach 1$?
You might also like
More from Altcoin
3 Cryptos that Performed Terribly During the Current Crypto Crash
The cryptocurrency market has been a rollercoaster ride for investors, with dramatic price swings and unpredictable market movements. Recently, the …
Breaking News: More than 50 Crypto Tokens including ADA, LUNA, and TRX Now Considered Securities by the US SEC
US SEC has declared over 50 tokens, including ADA, LUNA, and TRX, as securities. Let's take a look at these …
BIG NEWS: Binance US Streamlines Trading Pairs and Halts OTC Operations
Binance.US, the U.S. subsidiary of Binance, the world's largest cryptocurrency exchange, has announced significant changes to its trading operations.