Top 5 cryptocurrencies to invest in this month: 1- Bitcoin (BTC) 2- Ethereum (ETH) 3- Dogecoin (DOGE) 4- Cardano (ADA) 5- Solana (SOL)
Bitcoin (BTC)
Bitcoin is the leading crypto by market capitalization (approximately €1.62 trillion in November 2024). BTC was created in 2008 and is one of the most popular cryptocurrencies to invest in December 2024, it is considerably decentralized and can be used as a payment system. BTC was trading around €82,367 during the second week of November 2024.
Bitcoin reached an all-time high of approximately €84,666 on November 12, 2024, after rising more than 30% following Donald Trump's victory in the United States presidential election. It is expected that Trump's adoption of cryptocurrencies during the presidential campaign and his foray into crypto trading are attracting investors with the expectation that the new administration will be friendly towards cryptocurrencies.
BitTorrent, which was originally launched in July 2001, was acquired by the TRON blockchain platform in July 2018. Since its acquisition, BitTorrent has added several new tools, with a dedicated native cryptocurrency token, BTT, launched in February 2019. BTT was launched on TRON's own blockchain, using its TRC-10 standard.
Do you know BitTorrent crypto?
BTT is BitTorrent's native cryptocurrency, issued on the TRON blockchain as a TRC-10 standard token. The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. 6% of that total was available in a public token sale, 2% in a private token sale, and 9% in an initial sale.
The primary function of BitTorrent (BTT) is to act as a cryptocurrency that facilitates transactions within the BitTorrent network, powering a decentralized ecosystem where users can share digital content such as files and media securely and efficiently.
BTT serves as the cryptocurrency required to access the network's features, aiming to be the central feature of its ecosystem. For example, it is the only form of payment that requesters can use when signing agreements with providers.
BitTorrent Chain uses smart contracts to develop decentralized applications and facilitate services such as BitTorrent Chain Speed. This service allows users to request higher download speeds and bandwidth that they can purchase with BTTC from providers.