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.
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