We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. In this, the total market cap of BTT will remain the same while the old BTT tokens will be redenominated and swapped with a new ratio of 1:1000. On the same day, the BTT token will go through a redenomination. This jump happened after the developers announced that the mainnet for the BitTorrent Chain (BTTC) will happen on December 12th. The coin has recovered quickly this week. At the time, the BTT price crashed by more than 35% and dropped to the lowest level in months. Like all other altcoins, the BitTorrent price declined sharply last week as concerns about higher interest rates and tighter monetary conditions rose. Its number of users has risen to more than 1 billion while the number of active BTT wallets has jumped to more than 200 million. Since then, BitTorrent has become a leading player in the blockchain industry. In 2018, Justin Sun, the millionaire founder of Tron, announced that he had acquired the company for about $180 million. The software is widely used by people to download files in various websites like PirateBay. Why has BTT ralliedīitTorrent is a relatively popular software company that has been around for almost two decades. This rally has pushed its total market capitalization to more than $3.4 billion. BTT, its native token, is trading at $0.0037, which is about 77% above the lowest level this month. ![]() The BitTorrent price has surged by more than 52% in the past 24 hours as investors react to the date of the platform’s mainnet launch.
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