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

By: Invezz
Crypto investors favouring altcoins in spite of poor performance

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. 

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.

The post TRON and BitTorrent to launch BitTorrent Chain, should you invest in TRX and BTT? appeared first on Invezz.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.