BitTorrent is one of the largest companies in the field of file sharing over the Internet, which not only provides a file sharing service, but also has a digital currency called BTTC, which was launched after changing the name of the old currency BTT in 2021. Although the price of the currency has fallen terribly in the recent period, there are many factors that make it an investment opportunity if we analyze the subject.
BitTorrent Start
BitTorrent started in 2001, with the idea of developing a protocol that would help users share large files without the need for central servers. Later, the company was founded in 2004 and began developing applications such as uTorrent, which has become one of the most popular applications in the world.
BitTorrent Income Sources
1. Paid subscriptions like BitTorrent Pro and uTorrent Pro.
2. Advertisements on free apps like uTorrent.
3. Cryptocurrencies through BTTC.
4. Partnerships with media companies to distribute content.
Why did BTTC price drop?
The main reason for the recent drop in the price of BTTC is the sideways inflation. When the currency was changed from BTT to BTTC, the total supply was increased very significantly (from 990 billion BTT to 990 trillion BTTC), which affected the price negatively. An increase in the supply of a currency without an increase in demand for it can cause a significant drop in the price.
BTTC price now
Currently, BTTC is priced at around $0.0000011, which is a significant drop from its initial price. However, there are people who see it as a great investment opportunity if the market improves and demand for the coin increases in the future.
Is this coin worth buying?
Ultimately, despite the current low price of BTTC, many people see it as a potential long-term investment opportunity. If you have the patience and want to invest in something that can see great results in two or three years, BTTC could be the choice for you. The digital market is witnessing great fluctuations, but strong projects like BitTorrent always have the opportunity to achieve significant growth over time. The important thing is to be prepared to wait until the market recovers and demand for the currency increases.
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