Will BitTorrent (BTT) cryptocurrency hit $1? BTT Price Predication And Analysis
Is it true that BitTorrent BTT could really hit $1 like other cryptocurrencies have or is this another pump and dump?
Will Bit Torrent (BTT) cryptocurrency hit $1?
BitTorrent (BTT) has been in the crypto-world for a while now. I remember when they announced that the new coin would be created and that it would be free, with no ICO. It was like XRP but without an ICO. The project was sponsored by the Tron Foundation, one of Asia's most popular digital currencies. BitTorrent is different from other coins because you can not mine this one; users have to buy their way into it on exchanges or through private deals with others already holding BTT tokens.
I invested my money in BTT last year, thinking that I would get rich soon - after all, some people were saying how they did just that!
BitTorrent is new crypto but not for the pro-crypto guys. When I invested my money in BitTorrent (BTT), I thought I would be rich. Well, I did not know when. A question always comes into my mind when will BTT hit $1? The problem with this coin is that it's still very low in price at around 34 cents. It has also been on an uptrend, which means that one day soon, it should take off and go up to about 100 bucks per BTT token. Right now, though, no one knows how much the future of this cryptocurrency will unfold within the next few years down the road leading up to 2020 or 2030 even!
What Is BTT?
BitTorrent token (BTT) is the cryptocurrency launched by BitTorrent, a P2P file sharing platform. The BTT initial coin offering sold out in just one day.
The bit torrent platform offers its bit torrent coin that allows users to access content without slowing down or affecting their download speeds. bit torrent token offers users faster downloads while giving creators another way of getting paid.
BitTorrent (BTT) is one of the most active cryptocurrencies on the market, rising to prominence this year. To be more specific, on April 5th, 2021, the crypto reached an all-time high price of $.01426. BTT's stunning performance has allowed the network to attract cryptocurrency investors from all corners of the globe.
Aside from performing extremely well this year, BTT enables its users to earn additional BTT tokens. The network rewards its users with BTT tokens just by allowing seeding after every torrent file download. Furthermore, apart from providing an aggressive performance this year, BTT allows its users to gain extra BTT coins. All the reward tokens earned through torrent file seeding are immediately stored in the user's wallet.
Why Crypto Community Is Going Crazy For BTT?
In May, BTT's price dropped by more than 50%, causing the cryptocurrency to plummet as low as $0.002. However, at the end of July, the altcoin rebounded strongly, climbing as high as $0.002849. The first few days of August appeared to be a good start for BTT; the currency appreciated considerably, reaching $0.004829 on August 1st. Will BTT rise again?
The debut of the platform will be marked by the official launch of BitTorrent Chain (BTTC) on October 30th, 2021. BTTC is TRON's and BitTorrent's first-ever attempt into the cross-chain field, signaling the start of a new era! Now seeking high-quality initiatives and institutions from all corners of the globe. The heterogeneous cross-chain interoperability protocol created using Tron by the core teams at BitTorrent and TRON is called BTTC.
Source: CoinpediaOne of the most exciting altcoins on the market, BitTorrent has a lot to offer investors. Furthermore, it will continue to enhance the performance of its platform as a whole, resulting in a greater cryptocurrency market. According to experts, the price increase will continue and may reach $0.007 by the end of 2021.
What Makes BitTorrent Unique?
BitTorrent's original objective was to shake up the legacy entertainment industry and how consumers obtain material. Distribution networks that are both costly and inefficient were the main target, with Bram Cohen seeing potential in letting internet users distribute content directly among themselves. BitTorrent became the most popular P2P file-sharing system in the early 2000s, with TRON stepping in recently.
BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as its own user base, under TRON. BitTorrent Speed, among the new features, makes use of the BTT token. BitTorrent has also expanded into paid services with "premium" versions of its platform that include VPN capabilities and ad-free surfing.
Bram Cohen, a developer, and entrepreneur who has since become well-known in the cryptocurrency world created the original BitTorrent. Cohen stated that he created BitTorrent to challenge the antiquated entertainment business, which made obtaining content time-consuming and expensive. nThe platform has been involved in several lawsuits, with Cohen claiming that it does not violate copyright laws by allowing users to share files like music and movies with each other.
TRON acquired BitTorrent in 2018, bringing BitTorrent under the control of Justin Sun. As TRON's CEO, Sun is well-known for his promotion of both cryptocurrency and blockchain technology.TRON's integration of cryptocurrency to the BitTorrent platform was also carried out by TRON.
Whether To Buy BTT Or Not?
Currently, BTT trades at $0.003962. In the next four years, BTT prices could race up to $0.035. However, reaching this level may not be so difficult for BTT because there are more medium, short-term, and long-term price targets that may be used to place orders.
This suggests that BTT has a good chance of achieving a new ATH in the next five years, according to the prediction. This year, the bit torrent currency has gone on its own bull run, increasing by over 100 percent since April 2021. After failing to break out of resistance at $0.004352 against the US Dollar earlier in June, BTT is locked in a dead cat bounce (DCB).
Closing remarks about investing in BTT (BitTorrent) Coin:
It would be an overstatement to say that BTT can touch $1 by the next 5 years. But it is a highly likely possibility that it will surely touch the $1 mark. Nobody knows by when!. The possibilities are endless.
It could happen by 2020, or it could happen in five years, who knows? One thing is for sure though - the BTT team has been working tirelessly to make this coin a success. The last few months have seen phenomenal growth in transaction volume and mainstream adoption which only makes the future seem brighter by the day. As more people find out about Bitcoin Cash, its usefulness becomes clearer with each passing day!
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