That is the kind of money that a speculative investor might be interested in since the upside is so large. This means BTT crypto could rise 29.5 times (i.e. Even with a 50% discount to ETH, or $225 billion, BTT would be worth 30 times its present price (i.e., $225 billion / $7.39 billion). For example, at parity BTT could rise from $7.39 billion to $450 billion. In other words, we can say that BitTorrent is undervalued compared to Ethereum, although clearly, ETH is more popular than BTT as a cryptocurrency. But Ethereum has a $450 million market capitalization. That could mean it has less than 100 MAUs as one MAU might have several addresses. By comparison, Ethereum, as of June 2020, had about 100 million unique addresses. Either way, it seems too low for a protocol and blockchain technology with 100 million MAUs. However, Coinmarketcap says its market value is $4.5 billion. It also doesn’t hurt that the BTT token is connected with another cryptocurrency (Tronix) which also has had a good track record - up over 450% so far this year.īTT crypto has a market capitalization of $7.39 billion, according to Coindesk on May 8. It doesn’t hurt that the BTFS technology is well known with a long track record and a good history. That kind of performance is starting to attract attention. That is probably one of the highest and fastest spikes of all altcoins, other than Holo (CCC: HOT-USD) which is up 26 times. If you have bought $2,890 BTTs, your 10 million BTTs are now worth $74,630. As of May 8, those 1 million BTTs are now worth $7,463. $289 would have bought you 1 million BTTs on Dec. As of Saturday, May 8, BTT traded at $0.007463 per BTT. Coindesk indicates that it ended 2020 at a price of $0.000289. So far this year, the BTT is up twenty-five-fold. The MAUs also owen the value of its BitTorrent token. Its BTFS technology allows the desktop creation of smart contracts and decentralized file-sharing. BitTorrent uses the Tron blockchain network to function as a cryptocurrency (the token currency is called a BTT).Īs of April 2021, BitTorrent, based in San Francisco, has over 100 million monthly active users (MAUs), according to CoinGape. It wants to try to compete with Ethereum (CCC: ETH-USD).īitTorrent technology and Tron are both peer-to-peer decentralized protocols. Tron is also a blockchain with an independent peer-to-peer network. Tron was started by a Jack Ma protege, Justin Sun who is also now the CEO of BitTorrent. BitTorrent founded by Bram Cohen and later sold in 2018 to Tron (CCC: TRX-USD).
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