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Home News and Analysis All News BitTorrent price prediction: Is the file-sharing coin a buy?
BitTorrent price prediction: Is the file-sharing coin a buy?
By Nicole Willing
Edited by Valerie Medleva
17:11 (UTC), 30 November 2022
Updated
BitTorrent logo on a trading chart backgroun
Where to next for BTT, the native crypto of P2P file-sharing network BitTorrent? – Photo: Ivan Babydov / Shutterstock.com
Peer-to-peer (P2P) file sharing network BitTorrent became known for its use in online piracy when it launched in 2001. But since its acquisition in 2018 by TRON blockchain founder Justin Sun, it has focused instead on providing file storage for developers of decentralisation applications (dApps).
The BTT cryptocurrency token was launched on the TRON blockchain in early 2019 and soared in value during the cryptocurrency rallies in 2021. The token was redenominated in January 2022 following the launch of the BitTorrent mainnet blockchain in December 2021.
The token’s value has remained volatile, moving largely in line with the
