The argument here simply seems to come back to the idea that BTT has risen so spectacularly that individuals would be foolish not to jump on board. Or, a project like Ripple (CCC: XRP-USD), which facilitates cross-border currency transactions.īitTorrent, on the other hand, is opaque from where I’m sitting. It’s also the reason why I tend to like much more transparent crypto projects like Cardano (CCC: ADA-USD). This is my biggest pet peeve with many cryptocurrencies. That brings to mind a cardinal rule of investing: you shouldn’t invest in what you don’t understand. In researching for this piece, I had a tough time trying to understand what exactly BTT will be used for. It really boils down to a question of utility. What’s more, those i nvestors who take the time to judge BTT against a traditional stock with the same valuation should, by and large, come to the same conclusion: the stock makes a lot more sense as an investment. On the other hand, investors who care to look could certainly find plenty of logical investments with a similar market cap to BitTorrent. These days, people are much more willing to make “YOLO” bets today because they worry about how bad tomorrow might be. A lot of things are upside down right now. Rather, I think both names are simply a sign of the tough times we are facing. I’m not make this comparison by accident. Roughly speaking, it’s worth a little less than a third of what GameStop (NYSE: GME) is valued at. Currently, BTT-USD has a market cap of $3.6 billion. If you want to know what the value of BTT-USD is, you’ll have to look at it vis-à-vis the stock market.Ī good old market capitalization is the best tool I’ve found to help me make some sort of comparative judgment. For one, we are currently in the Stone Age of crypto valuation. To say that the world of cryptos is imperfect would be a great understatement. These days, however, we’re talking about this name because of the BTT-USD crypto and its meteoric rise - not because of its controversial past. In fact, there have been a plethora of lawsuits filed against BitTorrent in the United States. Because of that, the company has not been without its own share of legal woes. That collective download power lessens the burden and means that upload speeds can theoretically exceed the speed if a central server were used.Īt least, that’s what BitTorrent was known for a few years ago. Each computer downloads small pieces of a file or data and shares them with other computers in the swarm. A tracker is a kind of server that connects the computers in a torrent and shares their respective IP addresses with one another. A peer-to-peer protocol is a group of computers - called a swarm - that work together to share information without the need for a centralized server. As of the past 24 hours, BTT's volume is below its average with $23,759,844.20 exchanged.īitTorrent-New's subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.īitTorrent-New's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future.Ĭlick Here to get the full Report on BitTorrent-New ( BTT).BitTorrent is a P2P (peer-to-peer) protocol. The volume for BTT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. BitTorrent-New's average volume meanwhile is average with $252,458,687.04 worth of the token traded over a typical 24 hour period. The market valuation for BitTorrent-New is relatively average due to the largest 100 cryptos having a market cap above $1 billion and BTT sits underneath that mark but remains above $100 million in market capilization. BTT has a relatively average market cap for a token with a total market value of $670,681,382.68.
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