![]() ![]() Holding a well-diversified basket of cryptocurrencies may be better than betting too heavy on one single token. Accordingly, investors should practice proper portfolio discipline in sizing these investments. That said, these cryptocurrency options are likely to remain highly volatile. However, given the impressive appreciation BTT has seen of late, these predictions are looking conservative. These predictions provide quite the range for investors to consider today. Digitalcoinprice has a 1-year price target of $0.0189, with a 5-year forecast of $0.0435.WalletInvestor has pegged its 1-year forecast at $0.0161, and its 5-year forecast at $0.0305.Additionally, Coinpedia has pegged the 5-year target for BTT at $1, which would provide investors with returns of roughly 8,500%, if this prediction materializes. That said, Coinpedia’s 2021 prediction of 1 cent has already been surpassed this year, so it’s appearing much more feasible the company could hit this 2022 target sooner rather than later. This would amount to an approximate 850% increase from current levels today. Coinpedia has pegged the 2022 price prediction for BTT at 10 cents.Given these bullish drivers, let’s take a look at what analysts think about BitTorrent and BTT today. At least, that’s what investors are hoping for. With Bitcoin (CCC: BTC) currently accounting for more than half of the $2 trillion total market capitalization of cryptocurrencies globally, the thesis is that there’s a lot of room to run for smaller digital tokens in the race for market share. Investors in smaller cryptocurrencies are outperforming of late, as investors seek crypto options with higher growth potential over the long run. Today, broad-based bullish sentiment for alt coins appears to be taking hold. For more on this platform, I’d suggest readers take a look at an excellent piece by InvestorPlace Web Editor Vivian Medithi. Additionally, investors seem to like the fact that BTT is compatible with the TRON blockchain. It also serves as a storage service that allows platform users to download the stored data from service providers in exchange for a fee.With the price of BitTorrent now up more than 300% over the past week, it appears investors are becoming more bullish on the technical drivers of BTT right now. Users can also earn BTT by participating in other providers’ distributions. TRON uses a blockchain to keep track of all the transactions, but, unlike most popular digital coins, uses a Delegated Proof of Stake (DPoS) consensus mechanism which means that users who verify the blockchain have to hold a stake of TRON tokens, and be voted on by others.īTT is a TRC-10 cryptographic token on the TRON blockchain and was created to improve and tokenize the entire BitTorrent content sharing platform.īTT can be bought and spent by BitTorrent users who request files (peers) or would like to increase their download speed, while providers (seeds) can receive and sell BTT in order to be compensated for seeding the files on their systems. TRON is a blockchain-based decentralized operating system for sharing content (that ranges from video files to online games) based on a cryptocurrency native to the system – TRON (TRX). Following this idea, the BitTorrent team presented BitTorrent Token (BTT), a project that would add incentives to torrenting and solve problems such as slow download speed. ![]() According to the Tron Foundation founder Justin Sun, this was the start of Project Atlas – an initiative that would help decentralize the internet’s content using blockchain technology. In 2018 the platform was acquired for $140 million by the Tron Foundation blockchain. The communication protocol for peer-to-peer (P2P) file-sharing, which enables the distribution of data and electronic files (like music files, computer games, etc.) over the internet in a decentralized manner, is today used by more than 100 million people in more than 100 countries. The first version of the BitTorrent platform was designed by programmers Bram Cohen and David Harrison and released in 2001. Decentralized applications (DApps) powered by BTT include BitTorrent Speed, BitTorrent File System, DLive, and others in the pipeline. BitTorrent Token (BTT) is a utility token based on TRON blockchain (TRC-10 token) that powers features of decentralized protocols and applications.
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