BitTorrent (BTT) might have been one of the luckiest and special cryptocurrencies, who came into existence on Binance’s launchpad and has been all over BTT news. Other cryptocurrencies take years to be included in Binance’s supported coins list. Not only that, even it got backed by TRON, one of the top 70 cryptocurrencies in the world by market capitalization. BTT and Tron are going to get engaged in some blockchain project as tweeted by the TRON founder, Justin Sun, after which the BTT price soared by around 10% overnight. This can prove to be a major game-changer for the blockchain industry.
It looks like BitTorrent is born with a golden spoon only as its popularity are already on great heights. Previously we have seen that BTT is considered as the 68th largest tokens as BitTorrent File System (BTFS) got launched.
BitTorrent is the world’s largest file-sharing protocol having more than 100 million users, which got acquired by TRON in June 2018 itself and now they have launched their own coin on TRON’s network. With the help of BTT, the users can pay along with the file shared, where both of them can get more bandwidth and it will help to download faster.
BTT is a TRC-10 token, wherein a total supply of 990 billion BTT would be minted as per the coin’s whitepaper. BitTorrent has even come up with the announcement of “Project Atlas” ( a new iteration of peer to peer software), which would be backward compatible,i.e, the users who don’t want to earn or spend BTT would even be able to share files.
BitTorrent Price for today is $0.000380, with a total circulating supply of $212,116,500,000 and a market capitalization of $80,651,324.
Once the news of BTT launch became viral, Changpeng Zhao, the CEO of Binance quoted in a tweet:
Wallet Investor has given BTT price analysis from three standpoints: average, maximum and minimum. They believe that BitTorrent might fall down to $0.000129 by the end of 2020.
Trading Beasts has special metrics through which one can predict BitTorrent price. To keep it simple, they believe BTT might reach as high as $0.0007043 by 2020 end and at the lowest, it can reach $0.0004790.
As the market is enthusiastic about the new cryptocurrency, we are equally positive about BitTorrent’s success. BitTorrent is going to be the new game-changer as the users will be able to share content, with least time taken in downloading any file. By the second quarter of 2020, BitTorrent is going to come up with BitTorrentSpeed, which will be rewarding the users with BTT in exchange for bandwidth and seeding, which is aimed at increasing the speed and creating an effective ecosystem. By 2020, BitTorrent is expected to reach $0.001644, which is almost double to the recent rate. (BitTorrent price forecast)
BitTorrent price is going to spike big time in 2020 as it will get an approach from all kind of institutions. Media and Entertainment biggies like Netflix and Amazon Prime might also partner up with BTT, due to its amazing feature. The team behind the working of the BitTorrent network is one of the reasons why BitTorrent is less likely to suffer. BitTorrent already has the biggest user base in the world, so it might create a new ecosystem in the world of media and might get partnered with Spotify. By 2020 end, BTT might reach $0.001644.
In 5 years, BitTorrent might be even regarded as one of the top 10 cryptocurrencies by market cap. The security issues faced in the past might be mitigated in 5 years time frame. The malware and attacks might be controlled to a huge extent. By 2023, BTT will have its presence all over the world.
The best part about BTT is that before it became a cryptocurrency, they have huge followers and now because of this innovation in technology, BTT might take the media and entertainment industry by storm. By 2023, BTT might reach $0.00411, from a conservative point of view and analysis.
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