BitTorrent BTT

BitTorrent is ranked #132 by market capitalisation, at 360.17M $. Market capitalisation is price multiplied by circulating supply, so it moves with both — a coin can climb the ranking without its price rising, simply by issuing more.

987.0 T BTT are in circulation, which is 99.7 % of the declared maximum. The remainder enters the market on the schedule written into the protocol, and until it does, the circulating figure is what market capitalisation is computed from — not the cap.

Over the last twelve months the price of BTT fell by 39.4 %. That is the change of the quote itself and says nothing about what comes next: crypto drawdowns of tens of percent within a year are ordinary, not exceptional.

BitTorrent is the native coin of its own blockchain: transaction fees in that network are paid in it, and its issuance is set by the protocol rather than by a contract on someone else's chain.