BitTorrent (BTT). If you are thinking of investing, here is my honest analysis, with everything I know! 🔥

What is BitTorrent (BTT)?
BitTorrent is not just any cryptocurrency. Did you know it was born as a P2P (peer-to-peer) file-sharing protocol? 🔄💥 Yes! That same technology we use to share large files and movies without relying on central servers. And now, it's moving into the world of cryptocurrencies. 😱

The BitTorrent project aims to become a decentralized platform where you can share content of all kinds without intermediaries. In other words, without censorship and with total control over what you upload and download. 📂🔥

What is BitTorrent (BTT)?
BitTorrent was initially a popular peer-to-peer (P2P) file-sharing protocol that allows users to share large files effectively. Instead of downloading from a central server, each participant in the network contributes to the download for others, creating a vast sharing network.
BTT (BitTorrent Token) is a cryptocurrency built on the Tron blockchain platform. The BTT token was created with the goal of providing a new economic incentive layer for the BitTorrent ecosystem, encouraging users to participate in sharing and creating a more vibrant file-sharing community.

Justin Sun, the founder of TRON (TRX), made a statement earlier today that sparked anticipation on the activities that are going to take place inside the ecosystem. In addition, Sun is responsible for a second post that caused the price of a token to increase by 24 percent in a couple of minutes.

Soon, the market for TRON-based inscriptions will be launched.
Following the announcement that it had reached 95 million total addresses, the TRON network was recently featured in the media. According to a report by NewsBTC, TRON has dramatically exceeded other Layer-1 networks in terms of address growth. These other networks include Avalanche and Cardano.

In a message that was published on Monday morning, Sun informed the cryptocurrency community that a marketplace for inscriptions based on TRON is on its way. According to the creator of TRON, "Exciting news, the inscription market based on #TRON is about to launch," has been announced.

As a result of the introduction of Bitcoin Ordinals in the previous year, inscriptions gained popularity. The newly developed technology made it possible to generate non-fungible tokens (NFT) inside the Bitcoin network, and ever since then, it has been used in a variety of practical applications.

There have been other chains that have begun to debut their inscriptions because to the fact that it can be constructed utilizing any form of data, including music, video, and photos.

The inscriptions marketplace was built by the NFT team of the APENFT Foundation in collaboration with the TRON developers. Sun said that the TRON ecosystem is open to any and all developers that choose to create inside it.

It would seem that the native token of TRON did not respond to the news. Over the last twenty-four hours, the price of TRX has climbed by 0.4%. At the time of this writing, the token is trading at $0,1409, which represents a little increase of 2.1% in price over the course of the last seven days.

Nevertheless, according to statistics provided by CoinMarketCap, the trading volume of the coin, which was $367.3 million, represents a 21.48% increase over the previous day.

As this article is being written, more information on the launch has not yet been disclosed. However, the community seemed to have a good reaction to the news. Many people have voiced their eagerness to see what the TRON ecosystem can offer to the market for non-fungible tokens.

In a similar vein, the cryptocurrency exchange Binance has just introduced the Inscription Marketplace, which enables users to generate and sell inscription tokens inside the Binance app.

The Price of BitTorrent (BTT) Has Increased, Is It Because of That?
After the announcement, Sun, who had previously owned BitTorrent in 2018, referred to his position in order to 'announce' news about BTT on the internet. The TRON blockchain serves as the foundation for the file-sharing network known as BitTorrent.

Because of the two words that were posted by the blockchain entrepreneur, the price of the token increased by 24 percent. As can be seen in the chart below, the price of BTT was moving in a sideways direction the twenty-four hours before to Sun's article.

Almost immediately after the TRON creator made his statement, the price went from $0.000001526 to $0.0000017 in a very short amount of time. During the subsequent hour, the trading volume of BTT jumped from $100.14 million to $151.6 million, representing a 51.4% rise during this period of time.

During the previous twenty-four hours, the price of BTT has performed. Credit: CoinMarketCap (source)
After reaching $0.0000018, the token's price dropped to the area of $0.0000017 before beginning to recover. A 24.6% gain in price from the previous day is reflected in the current price of BTT, which is $0.000001755 at the time of this writing. According to the seven-day and thirty-day performances, there has been a significant increase in price of 68% and 118%, respectively.

Over the course of the last year, when the token hit its all-time low of $0,0000003654, the performance that has been seen since the beginning of 2024 implies that it has recovered from that point. Over the course of one year, the price of the token has significantly climbed by 153.6%.

According to CoinMarketCap, Bitcoin (BTT) is the 64th biggest cryptocurrency in terms of market capitalization according to this criteria. Its current market valuation is an incredible $1.62 billion.

#BTT #Trx #JustinSun @JustinSun #TrendingTopic