BitTorrent (BTT) as a Large Cap Ethereum based Token is 41st in the 2100NEWS ranking. The quality of the order book of BTT is Weak. The average quality of the order book for large caps members of the NWSL100 index is 17.1. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
BTT has been launched in 50 exchanges.
BitTorrent is a Large cap Non-Ethereum based Token is 41st in 2100NEWS ranking (after Index Review of 1st January 2021). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSOT50.
2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 10.7, (Average for Large caps: 17.1)
Over the past week, the average market cap was $288.8 million; the average daily volume was $116.6 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. We gauged the BitTorrent (BTT) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) to make an appropriate peer comparison. On average (violet area chart), the relationship between BTT and NWSL100 showed that it was weaker. Over the last three months, NWSL100 has outperformed BTT. However, if we compare the BTT green area graph with the orange index area graph while observing the correlation graph, the correlation graph explains that the correlation is weak (Pearsons correlation coefficient = 0.43). However, 75% of the time, it was moving in the same direction as the NWSL100. So, it has been a poor representative of the NWSCo100 index in terms of price changes.
*The chart below shows the BTT compared to NWSL100 at the top, the box in the middle of the chart shows the original BTT price, and at the bottom of the chart, we see NWSL100 and the correlation between BTT and NWSL100.
According to Troscan, there are 1.260,252 token Addresses (at the time of this article’s writing).
We don’t need to introduce BitTorrent much. Anyone who has ever considered sharing files, music, movies, programs have come across BitTorrent. They have been researching distributed applications for many years. The benefits of blockchain technologies have made it easier for them to develop new protocols for providing services, peer-to-peer live video streaming, and file synchronization. And with a token, we can buy Ad-Free or Pro versions of the client. Remember: the torrent network and classic μTorrent are still free to use. They redesigned the website last year. Of course, they are also present on social networks: they have 100K followers on Twitter.
About BitTorrent – what they do
BitTorrent is a pioneering distributed communication protocol invented by Bram Cohen in 2001. As a peer-to-peer protocol, it facilitates the transfer of large, highly demanded files, eliminating the need for a trusted central server. The BitTorrent protocol enables client software endpoints (“clients”) to collaborate with each other to enable reliable simultaneous distribution of large files to multiple clients, reducing reliance on any single weak point (such as a server connection). It does this by attempting to efficiently use every client’s upload and download bandwidth to balance peer-to-peer content delivery across all clients.
With over 2 billion users, the BitTorrent protocol is the world’s largest decentralized protocol. The company currently develops products across two brands, BitTorrent and µTorrent, which offer popular torrent download clients for Windows, Mac, and Android. With over 100 million active users each month, BitTorrent offers feature-rich, safe torrent programs for the desktop, a browser-based torrent streaming and downloading a product, and a mobile torrent downloader for Android available on Google Play Store.
BitTorrent Token (BTT) acts as a general-purpose mechanism for transacting in computing resources shared between BitTorrent clients and a liquid market of service requesters and service providers. BTT is the unit that denominates transactions for the provision of services in the BTT-enabled BitTorrent ecosystem.
In 2018, BitTorrent formed a strategic partnership with TRON. TRON is a blockchain platform that was created to provide the foundation for decentralized applications. BitTorrent and TRON’s collaboration makes the TRON blockchain protocol the world’s largest decentralized ecosystem, and the BitTorrent protocol the largest decentralized application in the world.
Based in San Francisco, USA, BitTorrent is the company behind the largest decentralized P2P communications protocol for distributing data and large files over the Internet. The protocol is responsible for moving a significant percentage of the world’s Internet traffic each day.
Exchanges: ATOMARS, Binance, BitAsset, Bitbns, BITEXBOOK, Bitfinex, Bithumb, BitMax, Bitrue, Bittrex, BitZ, Cat.Ex, CEX.IO, Changelly PRO, Coinall, CoinDCX, CoinEx, Coinone, Coinsuper, CoinTiger, Crex24, CROSS exchange, Decoin, DigiFinex, DragonEX, EXMO, Exrates, Gate.io, HitBTC, Hotbit, Huobi Global, Huobi Korea, Indodax, KuCoin, LATOKEN, LBank, MXC.COM, NovaDAX, OKEx, OKEx Korea, Paribu, PoloniDEX, Poloniex, ProBit Exchange, Thodex, Upbit, VCC Exchange, WazirX, WhiteBIT, YoBit.
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The Crypto Highlights are considered the opinion of 2100NEWS, and the material is for informational purposes only, and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security, nor is it construed as investment advice. At the time of this article’s writing, the author did not hold any tokens BTT.