One of BitTorrent’s two cryptocurrency tokens, the other being BTTOLD, is the BTT token, which functions as the native token of this blockchain.
Following the acquisition of TRON, BitTorrent introduced a number of new products, one of which being the cryptocurrency token BTT, which was made available through an ICO in January 2019 at a cost of $0.00012 per token.
The primary purpose of BitTorrent Speed, which allows users to pay BTT in exchange for faster download speeds, is to encourage the usage of BTT, which was first created on the TRON blockchain as a TRC10 token.
BitTorrent introduced BitTorrent Chain, its in-house blockchain, in December 2021.
The legacy BTT tokens have been renamed as BTTOLD, while the new BTT tokens continue to use the BTT name.
With a three-second confirmation time and an average transaction fee of less than $0.01, BitTorrent Chain can process up to 7,000 transactions per second (TPS).
The native blockchain of BTT can connect to DeFi services offered by Ethereum, TRON, and BNB Chain networks thanks to BitTorrent Chain’s compatibility with these three networks.
According to the BitTorrent team, its chain expands the use cases of BitTorrent and diversifies the BitTorrent ecosystem.
Users of BTT tokens can become validators on the BitTorrent Chain network, according to information released by the BitTorrent Chain team during its launch.
In addition, they can use the tokens to pay for gas fees on DApps that run on the blockchain, stake them for rewards, and take part in community governance.
We’ll find out the price of BitTorrent in 2024 next.
In 2023, BitTorrent’s starting price was $0.00000062.
By the end of 2023, BitTorrent is expected to trade for $0.00000057, with a -8% annual change.
The price of BitTorrent will rise to $0.00000059 in the first half of 2024; in the second half, it will gain $0.00000003, and it will end the year at $0.00000062, a +34% increase over its current value.
The price of BitTorrent would drop over these five years, from $0.00000062 to $0.00000052, or -16%.
In 2025, BitTorrent is expected to begin trading at $0.00000062, drop to $0.00000058 during the first half of the year, and end the year at $0.00000051. Which translates to +10% from today.
The price of BitTorrent would increase by +35% during this time, from $0.00000052 to $0.00000070.
In 2030, BitTorrent is expected to begin trading at $0.00000052, surge to $0.00000055 in the first half of the year, and end the year at $0.00000058. About 25% has passed since today.