In today’s world with the developing technologies and advancement everyone must have made some kind of investment or is interested to know about cryptocurrency by now. Bitcoin is one of the biggest cryptocurrencies that exists. It helps people in making millions in the past decade. But are you thinking about which is the best cryptocurrency to invest in 2022? Which currency and coin should you consider to invest and how to find one? Don’t worry we will give you a detailed review about trending cryptocurrencies along with a descriptive review about BTT and whether it will reach 1$?
How to invest in cryptocurrency?
Some people choose cryptocurrencies for payment methods while some want to take advantage of digital currencies to get profit. Here are a few crypto strategies which help you in investing in the best cryptocurrency successfully
Cryptocurrency Trading:
It is one of the other strategies to make your trade and investment experience successful. It is profitable. In this strategy you would choose a specific pair, say you choose BNB/ETH. You can get profit from trading in both of these. You can open or close the trade of buy and sell positions at any time.
Buy and hold strategy:
This strategy is not only popular with people who are investing in cryptocurrencies but also for those who are investing in any kind of asset. This is a very old strategy usually followed by people who used to invest in gold. According to it you would buy gold or any other assets when its value is low in the market. And keep holding on it until its price increases in the market. That’s when you will sell it and get profit from it. In cryptocurrency the same strategy can provide you a lot of benefit. Here are few tips to make buy and hold strategy useful:
- Identify and make a list of cryptocurrencies that are increasing in the value.
- Make sure to buy the currency at the time when its price is low.
- After purchasing, hold onto digital assets and wait for the price to increase.
- Once your coin reaches its peak value, you can sell it and get a profit.
Which is the best cryptocurrency according to the Traders Union?
Binance coin is considered one of the best cryptocurrency. It is the official Cryptocurrency of Binance network and on the top of the list according to a review of the Traders Union. Currently the value of the coin is at 310$ with the oscillator value of 56.19 and strength index of 62.34. Its value has increased over the past year from under 20$ to over 300$.
What is BitTorent and how to buy it?
BitTorent was a P2P file sharing network created in 2001. Then in 2018 it was bought by TRON blockchain and its function shifted to serving decentralized applications. The main purpose of BTT is to empower and create the largest file sharing protocol in the world by creating an open source community. BTT has premium features like VPN, no ads and no tracking etc. It addresses the problems like slow speed of downloading and decreased availability of files.
Will BitTorent price increase in the future?
Many people are confused about whether the BTT price is going to increase or not. Will bittorrent reach $1? Keeping in view the current growth of BTT it will be impossible for it to reach 1$ even by the end of 2030. Because it would need a market cap of 923 trillion dollars to reach one dollar which is impossible. Also crypto exchanges are not regulated enough so they can’t handle that kind of volume. So there is no chance of BTT reaching 1$.
How to buy BTT?
Two of the best cryptocurrency exchanges that supports BitTorent are:
Coinbase:
It is considered the best cryptocurrency to buy BitTorent. They are offering more than 150 cryptocurrencies including BTT. Coinbase is user friendly because they provide security to beginners. Transaction fees ranging from 0% to 0.60%, depending on the amount of transaction. You can take advantage of the custodial feature if you are a new customer. You can easily store your coin on the exchange by the help of this feature.
Binance:
It is one of the other cryptocurrency that is offering BTT. You can easily buy BTT by credit card or debit card with the help of this platform. One of the most popular methods is wire transfer. They charge a transaction fee of 0.1% and offer you 25% discount if you use binance coin BNB to pay your fees of transaction.
