BitTorrent Token (BTT) was one of the most hyped ICOs last year. But despite the huge hype behind it, there are doubts about the token’s viability as well as its general competence. The only driving force behind the price of BitTorrent is the regular marketing gimmicks and speculation about the token. These options are two strong suits from Justin Sun. The Tron founder used these factors to raise the price of BitTorrent. In the long run, however, the price of BitTorrent doesn’t seem like a solid investment.
According to the latest bittorrent news on Cryptotown, the token would most likely be between 10-100 times its current value if the price of BitTorrent allowed the digital asset to survive until 2023, a highly unlikely scenario. This basically means that the price of BitTorrent will range from $ 0.007 to $ 0.07.
It’s arguably the most hyped ICO considering how much support it has received from Binance Exchange CEO and Tron founder. BitTorrent was expected to continue to have positive effects. It’s hard to believe that the digital asset was once dubbed the next bitcoin. BitTorrent’s price has taken a hit as it sold over $ 7.8 million in the first two minutes of launch. However, the latest analysis of the Bit torrent chart shows that the asset class looks bleak.
BitTorrent price prediction
Since the extended crypto winter began in mid-2018, bulls and traders have been looking for a profitable digital asset. This is a difficult proposition due to the volatility of the cryptocurrency market. To calm the nerves and introduce something new, the founder of TRON (TRX) and the CEO of Binance Exchange decided to support BitTorrent for better days. BitTorrent is an asset class based on the Tron network.
The price of BitTorrent has dropped across all areas of its support lines, dropping to 12 sats. If the coin continues like this, it could fall by day one, listing the price of 6 Satoshis from Binance. It is at a crucial level right now. If this position fails to be defended, Bittorrent returns to zero with uncertainty.
Given other market indicators, it is safe to say that price action will remain in the bearish rather than the bullish range.
Given the fact that the market is completely unpredictable, predicting a cryptocurrency is more of a gamble than a data-driven guess.
BitTorrent News: BitTorrent speed for faster downloads using the crypto token
According to the latest bittorrent news on Coinrivet; BitTorrent announces a new product that uses its crypto token to enable “faster downloads”
Peer-to-peer file sharing website BitTorrent has announced a new product called Speed, which will soon “enable faster downloads on the classic uTorrent clients”.
The company outlined a simple three-step process that the platform’s 100 million active users will soon be able to try out. This includes opening the new BitTorrent speed menu to check BTT credit or activity, watching the new product, “automatically offering BTT to other users for faster speeds,” and finally, when a file finishes downloading Users put the file to earn more BTT.
Through this payment network, the BTT token (a so-called TRC-10 token in the Tron blockchain) can be used to either reward file sharing or to be issued by users looking for faster downloads on the BitTorrent network . This is of course done via the uTorrent client using the new BitTorrent Speed function.
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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.
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