BitTorrent Price Forecast: Is BitTorrent a good investment?
Cryptocurrencies have become favorites of adventure-loving investors due to their high returns. Cryptocurrency offers lucrative returns in the short term though the risk involved is quite high. This has led to the emergence of thousands of cryptocurrencies in the crypto market. Many investors still think that there is no cryptocurrency other than ‘Bitcoin’ in the crypto segment. But there are many other cryptos that have emerged in the recent past and have returned heavily to their investors. One such name is “BitTorrent” (BTT) which has become popular in a very short span of time. Read on to know more about BitTorrent Coin price and its price prediction
About BitTorrent Coin
What is BitTorrent Coin?
BitTorrent is an online file-sharing platform that is used by users to download torrent products. BitTorrent has more than 2 billion users globally and more than 100 million monthly active users. BitTorrent platform is used for downloading content that is stored using a peer-to-peer network. According to the official statement, BitTorrent is currently the “largest decentralized P2P communication protocol” in the world.
It was originally launched in July 2001, later was acquired by Justin Sun, the founder of blockchain platform TRON in July 2018. After the acquisition, the Tron Foundation launched a coin in the same name “BitTorrent” to derive benefits from the immense popularity of the BitTorrent platform. BitTorrent (BTT) allows content creators to connect with their audience, earn and spend digital currency without a middleman. (Source: www.coinbase.com). This is done by connecting BitTorrent peer-to-peer network to the TRON blockchain.
How to buy BTT?
If you are looking to buy BTT or any other crypto coin in the US, you can choose any crypto exchange out of the list of the best & secure crypto exchanges given below.
Top Cryptocurrency Exchanges in the USA
List of some of the best US exchanges to buy BTT or any other cryptocurrencies in 2021: (Source: www.forbes.com)
- Coinbase
- Gate.IO
- Kraken
- Gemini
- Crypto.com
- Binance.US
- Bitflyer
- KuCoin
- Bitstamp
- Bittrex
Click: https://www.forbes.com/advisor/investing/best-crypto-exchanges/
Most popular Cryptocurrency exchanges in India
If you are looking to trade in crypto in India, you can choose any one of these popular platforms: (Source: Moneycontrol.com)
- WazirX
- CoinDCX
- Zebpay
- CoinSwitch Kuber
- UnoCoin
Click for more:
BitTorrent Price Prediction
BTT witnessed a bull run in the month of March & April 2021 when it touched an all-time high of $ 0.013566. After touching the peak, BTT’s price struggled in the next two months and the prices of BTT tumbled to a low of $ 0.0018 in June 2021. Since then, BTT has made a strong comeback and is currently trading at $ 0.0040758. BTT is ranked as the 62nd biggest coin in the world (source: coinranking.com) and has a present market cap of $ 2.68 billion. Looking at the peak of the coin and present recovery signs, it seems that BTT might perform better in the future.
According to many crypto experts, BitTorrent Coin is an underrated coin and has a huge potential for price hikes. Though it is difficult to make predictions in respect of crypto prices some crypto experts have predicted that BTT Coin may rise up to $ 0.010 by the end of the year 2021. However, such predictions should be taken care of with due caution otherwise it may lead to a huge burden on your pockets.
Disclaimer: The information contained in this article is meant only for educational and entertainment purposes. This information does not constitute any investment recommendation or investment advice or financial advice. Taxwink does not recommend investing in any cryptocurrency. You should be aware that crypto markets are highly volatile and risky. Readers are requested to make proper research before indulging in trading in cryptocurrency and also in consultation with a crypto expert. Taxwink is not responsible for any loss or damage caused due to the application of the above information by any reader.
