TRON and BitTorrent to launch BitTorrent Chain, should you invest in TRX and BTT?

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Sep 6, 2021
  • TRON and BitTorrent are collaborating to launch a project.
  • Known as BTT, it will be showcased on October 30, 2021.
  • The main goal of the project is to connect TRON, Ethereum, and BSC.

TRON TRX/USD and BitTorrent Inc. BTT/USD are collaborating on a project together with the intention of releasing a unique new project.

The BitTorrent Chain launch as a catalyst for growth

In a Tweet by BitTorrent posted on September 3, we can see that the project is called “BitTorrent Chain (BTT).” It is intended to be the first scalable heterogeneous cross-chain interoperability protocol within the world of blockchains. 

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The project is intended to power interconnected chains and will act as a Layer 2 scaling solution to solve TRON’s DeFi, NFT, and dApp cross-chain issues.

On October 30, TRON will form a closed loop of Layer 2 and Layer 2 networks with the cross-chain connection.

Should you invest in TRON (TRX)?

On September 6, TRON (TRX) had a value of $0.102.

To get a better perspective of what kind of value point this is, we will be comparing it to two things, its recent performance in August and its all-time high value.

The all-time high value was achieved on January 5, 2018, with a value of $0.231. Here, we can see that the price was 126% higher than it is on September 6.

The lowest point TRON got in August was on August 2, where the value dropped to $0.062.

The highest point it got to was on August 16, where the token achieved a value of $0.095. This indicates that through the span of the month, the token saw an increase in value by 53%.

With all of this in mind, we can expect the price of TRON (TRX) to increase to $0.137 by the end of September, making it a worthwhile investment.

Should you invest in BitTorrent (BTT)?

On September 6, BitTorrent (BTT) had a value of $0.0047.

Let’s take an in-depth look at its all-time high value as well as its recent performance in August so we can have a better perspective of what the value of the token is actually like now.

Its all-time high value was achieved on April 5 where the token had a value of $0.0135. Here, we can see that the value of the token at its peak was 187% higher than on September 6.

Its lowest price point was on August 2, where it had a value of $0.0028.

Its highest point was on August 12, with a value of $0.0048. With this in mind, it is clear that the token increased in value by 71%.

That being said, BitTorrent (BTT) also looks like a worthwhile investment and could increase to $0.0065 by the end of September.

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