BitTorrent (BTTC)
BitTorrent is one of the world s largest decentralized file sharing protocol in the world by number of users. The BitTorrent peer-to-peer protocol was invented by Bram Cohen, released in July 2001, and has powered torrent clients used around the world since then.
The BitTorrent token is a TRC-10 token on the Tron blockchain. The BTT token intends to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network, e.g., it attempts to provide a way for network participants to "capture the value of sharing bandwidth and storage".
1. Basic Info
| Symbol | BTTC |
| Name | BitTorrent |
| Web Site | https://bt.io/ |
| Explorer | https://bttcscan.com/ |
| Supply | 990000000000000 |
| Total | None |
| Market Cap | 1103309015.7467365 |
| White Paper | https://www.bittorrent.com/btt/btt-docs/BitTorrent_(BTT)_White_Paper_v0.8.7_Feb_2019.pdf |
| Release Date | 2021-12-01 |
2. Technical Analysis
2.1 Kline Price Chart
2.2 Analysis
The market has been exhibiting a consolidation pattern in the recent days, with slight upward trends. There is a possibility of a breakout above the resistance level at 1.56e-06, which could lead to a sustained upward movement. The volume has been increasing, indicating strong participation and potential for price action. However, caution is advised as the market may experience further consolidation before making a decisive move.
