![]() ![]() ![]() On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. Holding a well-diversified basket of cryptocurrencies may be better than betting too heavy on one single token. Accordingly, investors should practice proper portfolio discipline in sizing these investments. That said, these cryptocurrency options are likely to remain highly volatile. However, given the impressive appreciation BTT has seen of late, these predictions are looking conservative. These predictions provide quite the range for investors to consider today. Digitalcoinprice has a 1-year price target of $0.0189, with a 5-year forecast of $0.0435.WalletInvestor has pegged its 1-year forecast at $0.0161, and its 5-year forecast at $0.0305.Additionally, Coinpedia has pegged the 5-year target for BTT at $1, which would provide investors with returns of roughly 8,500%, if this prediction materializes. That said, Coinpedia’s 2021 prediction of 1 cent has already been surpassed this year, so it’s appearing much more feasible the company could hit this 2022 target sooner rather than later. This would amount to an approximate 850% increase from current levels today. In the last 24 hours, the trading volume has. This is because the currency only has a trading volume of around 12,000 per day. I also do not expect the cryptocurrency to recover in the coming days. Coinpedia has pegged the 2022 price prediction for BTT at 10 cents. The prediction is made using the daily chart below, which shows that the prices have reached their low points, where they can’t move further down.Given these bullish drivers, let’s take a look at what analysts think about BitTorrent and BTT today. At least, that’s what investors are hoping for. With Bitcoin (CCC: BTC) currently accounting for more than half of the $2 trillion total market capitalization of cryptocurrencies globally, the thesis is that there’s a lot of room to run for smaller digital tokens in the race for market share. Investors in smaller cryptocurrencies are outperforming of late, as investors seek crypto options with higher growth potential over the long run. Today, broad-based bullish sentiment for alt coins appears to be taking hold. For more on this platform, I’d suggest readers take a look at an excellent piece by InvestorPlace Web Editor Vivian Medithi. Additionally, investors seem to like the fact that BTT is compatible with the TRON blockchain. With the price of BitTorrent now up more than 300% over the past week, it appears investors are becoming more bullish on the technical drivers of BTT right now. ![]()
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