Could BitTorren Token ride the wave of the 2021 bull run?

By Rikolo | BlocksPower | 11 Jan 2021


 

Image from cryptonomist

Image Source

 

In my last post I talked about the difficulty of choosing which currency to invest in and that a valid help that goes beyond the market trend is the solidity of the project on which a currency is based.

I talked about a very valid project for me which is the one behind Zilliqa and if you like you can take a look at my post: Supersonic speed in transactions, DeFi projects, staking on Binance ... WHERE DOES ZILLIQA WANT TO GO IN 2021?

In today's post I want to talk about another equally valid project, that of BitTorrent, one of the most powerful peer-to-peer file sharing protocol in the world that in 2019 launched its cryptocurrency "BitTorrent Token (BTT)".

Clearly since what was bought by TRON through the Atlas Project in 2018, the fortunes of BitTorrent have changed considerably as the connection of the peer-to-peer BitTorrent network to the TRON blockchain has led BTT to reach and become known by 100 million users.

The potential of BitTorrent lies in the fact that its protocol can be used to share and exchange any type of file.
To date, BitTorrent makes up 33% of total Internet traffic.
Thanks to the integration of the TRON network, the Torrent ecosystem has increased storage capacity and bandwidth, increasing the availability of torrent files.

Another potential of BitTorrent was the launch of the SPEED program in 2019, a sort of a reward system of credits in a modern key to encourage users to share.
Then downloaders have the option to provide BTT tokens to uploaders in exchange for faster download speeds.
An incentive to earn BTT tokens, which will give uploaders more incentive to seed files for longer and to dedicate more bandwidth and storage to other torrent clients on the network.

Even if initially the combination between the free BitTorrent protocol and the cryptocurrency intended as a payment rather than an incentive for uploaders, was not well received.

But for those who already knew the world of cryptocurrencies it was not difficult to get used to the idea of a token to buy bandwidth to increase the download speed and receive tokens in payment for giving up the space.

 

from coingecko.com

Image Source 

Could BTT be a good long-term investment?

Given the current prices and the possibility of being carried away by the bull run phase of the market, 2021 could be the right time to hit its all time high again.
According to Coinpidia BTT will have incredible opportunities in the near future, its very large user base could arouse the interest of Netflix and Amazon Prime but also Spotify. Then yes, the currency could jump to $ 0.0080 by the end of 2021.

What do you think about it?

Can the BitTorrent token give any satisfaction?

Is now the right time to start holding some BTT?

Thanks a lot for reading my post, I hope it could be useful.

 



 
* LOST YOUR OPPORTUNITY ON COIBASE? USE MY INVITATIONS:

band protocol 

stellar 

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* LOOKING FOR SOME NEW TOKENS:

YEARNETHFINANCE: 0.5 YEFI ($30) - x refs 0.05 YEFI.  It will be listed on Uniswap exchange and distribuited on January 20th, 2020.  

HPAY:150 HPAY ($15) - x refs 50 HPAY, on February 2021.



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Rikolo
Rikolo

Enthusiastic about cryptocurrencies'world and blockchain. Passionate about candles and charts, but also about fundamental analysis. We must always learn from our mistakes.


BlocksPower
BlocksPower

Blockchain is among us! This blog talks the infinite ways of using this recent and ever-changing Technology and how it will be able to transform and improve every aspect of the World around us.

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