According to a Brief Analysis:

1. Market Capitalization (Market Cap) $643M

#BitTorrent current market cap is quite large at around $643 million.

For an altcoin, this indicates that BitTorrent still has a solid market share, although it is relatively small compared to other crypto giants.

2. Fully Distributed Capitalization (FDMC) $646M

The FDMC is only slightly above the Market Cap. This means that almost the entire total supply is already circulating in the market.

The supply shock is small, as there are almost no large tokens left for developers or the team to "dump."

3. Market Dominance 0.0173%

This means that BTTC only controls 0.0173% of the total crypto market.

Although small, this dominance is still considered stable for a utility project like BitTorrent, especially since BTTC is not a purely speculative coin, but rather related to a file-sharing network.

4. Trading Volume $12.16M | Vol/Cap Ratio 1.89%

Daily trading volume of $12 million is quite healthy for a coin in its class.

A volume/market cap ratio of 1.89% is considered normal and stable.

If this figure is >10%, it usually indicates a coin is hyped.

If it's <1%, it means the coin is quiet.

BTTC at 1.89% indicates active transaction turnover, but not overhyped.

5. Circulating Supply 986T BTTC of a Total Supply of 990T

Almost the entire BTTC supply is already circulating in the market (99.6% circulating).

This leaves only around 3.94 trillion tokens remaining in circulation. This is very positive because there is no major threat from additional token unlocks, and a supply shock is almost impossible.

6. Platform Concentration 1.17

This platform concentration usually indicates the concentration of major holders (whales).

This figure of 1.17 is quite small, meaning that BTTC is quite dispersed and not dominated by large whales.

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Conclusion:

I believe BTTC has excellent long-term potential, especially considering factors such as the adoption of decentralized technology and involvement in the growing TRON ecosystem. However, for short-term price increases, BTTC may be affected by the volatility of the overall crypto market.

If you are investing for the long term and believe in the potential of Web 3.0 and decentralized file sharing that the team is currently working on, then BTTC could be a solid asset in your future portfolio. However, if you are looking for quick profits or are concerned about high volatility, it might be better to look for other assets rather than wait too long.

Overall, while it is very possible for the price of BTTC to rise, you should consider not placing all your hopes on a single crypto asset. Diversification is the best way to reduce risk.