![]() Pouwelse of the Department of Computer Science, Delft University of Technology, the Netherlands, cites, So let’s take a few minutes to understand what makes the BitTorrent token unique. Therefore, many individuals want to join the “cryptorush,” without doing much due diligence on the altcoins or tokens they are interested in. The cryptocurrency market has been seeing a lot of green in recent months. Let’s now take a closer look at what potential investors could expect from BTT in the months ahead. These returns show that BitTorrent has been a favorite among crypto bulls in 2021. Ripple (CCC: XRP-USD): up ~488% YTD, market cap is ~$63.4 billion.Ethereum (CCC: ETH-USD): up ~356% YTD, market cap is ~$385.6 billion.Dogecoin (CCC: DOGE-USD): up ~9,407% YTD, market cap is ~$71.1 billion.Cardano (CCC: ADA-USD): up ~640% YTD, market cap is ~$41.5 billion.Bitcoin (CCC: BTC-USD): up ~85% YTD, market cap is ~$1 trillion. ![]() By comparison, here’s how several other crypto favorites have fared so far in 2021: BitTorrent’s price is currently hovering around $0.0065 and the market capitalization stands at $4.3 billion. Put another way, $1,000 invested in BTT in early January would now be worth around $20,000. In fact, year-to-date (YTD), BitTorrent is up over 1,960%. According to data provided by Similarweb, between January and March 2021, around 30% of total visits to its website came from India, the U.S., Brazil and Russia.Ĭryptocurrency investors regard the recent Coinbase Global (NASDAQ: COIN) initial public offering (IPO) as the beginning of a “blockchain boom,” comparable to the internet boom of the late 1990s. It has recently surpassed 2 billion installations and currently has around 100 million active users. BitTorrent offers a torrent client software for various operating systems. File sharing is the primary service to download movies, music or games using torrent. ![]() As a file-sharing platform, BitTorrent was founded in 2004.
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