BitTorrent (BTT) is the 57th largest cryptocurrency in the crypto market in terms of market capitalization. As of mid-October, its market cap is hovering around US$2.4 billion. Now, the question comes should you invest in it? Is it a good investment? What will be its price by the end of 2021 or 5 years later (2026)? To answer all your queries, let me walk you through BitTorrent (BTT), its fundamentals, and the BTT price forecast.
BitTorrent protocol is a P2P (peer-to-peer) file-sharing platform, which has become more decentralized with time. It was founded in July 2001 by Bram Cohen. However, in 2018, it was taken over by Justin Sun-owned Tron platform. Under its network, the BitTorrent project kickstarted only in 2019. After the acquisition, Tron upgraded the BitTorrent platform, added many more tools, and most importantly incorporated a dedicated native currency, BitTorrent Token (BTT).
Currently, BitTorrent is the largest file-sharing protocol that has over 100 million users. BitTorrent is one of the largest P2P software existing on the blockchain. If you’re a user on the TRON blockchain, you can use the BTT coin for playing along with the files shared on the network by the content creators.
All these facts and figures (as of Oct 12, 2021) will help you to make a decision on investing in BitTorrent coins:
BTT price is hovering around US$0.00366 at press time and it has increased by more than 1,132.48% in the last ten and half months.
By the end of 2021, the price of each BTT coin is expected to reach anywhere around US$0.007.
By the end of 2022, the price of each BTT token is expected to move over US$0.01.
BitTorrent’s price is expected to hit an all-time high price at US$1 in the next 5 years.
Always remember that cryptocurrency investment advice always comes with the risk of loss. As prices of cryptocurrencies are highly volatile, you should be ready to consider the loss aspect too. If you can’t afford to lose money, crypto investment is not for you. Instead invest in fixed income assets. To be sure about your investment, always go through the fundamentals, technicals, and price history trends of the Litecoin market. Once you are absolutely sure about investing, go through the Litecoin network price prediction, and then invest.