Are you one of those who dreams that the BitTorrent [New] (BTTC) currency will someday equal one dollar, turning a few dollars into a fortune? This dream haunts many, but hold on... let's take off the overly optimistic glasses and look at the numbers and facts with a thrilling realism! 🧐
📉 The biggest barrier: trillions of currencies in the way of the dollar 🚧
The main and craziest reason that makes reaching 1 dollar for BTTC nearly impossible under current conditions lies in one thing: the huge circulating supply.
What is the supply? The circulating supply of BTTC (BitTorrent [New]) is about 986 trillion (yes, trillion!) tokens. That's a staggering number, comparable to the number of stars in the Milky Way galaxy! 🌌
😱 Reality Shock:
Did you know what the market cap of the entire cryptocurrency market is today? It's close to a few trillion only. If BTTC wants to reach 1 dollar, its market cap must surpass all companies and economies in the world combined! This is simply financially impossible, even with the craziest bull waves.
🔥 Investor's Hope: "The Magical Burn" and the Shiba Inu Factor! ✨
Well, does this mean the end of the dream? Not exactly! In the crypto world, where the impossible can become possible, there are two factors looming on the horizon as a glimmer of hope (albeit small):
1. "Burning" Mechanism:
The only way that can change this equation is a massive reduction in circulating supply. If the BTTC team decides to implement a strong and regular burn mechanism, the vast number of trillions could be reduced to billions, making the 1 dollar goal more realistic.
💡 Imagine: If 99% of the coins were burned, the supply would be about 9.86 trillion. Even in this case, the currency would need a market value of 9.86 trillion dollars to reach one dollar, which is still a huge number, but less crazy than 986 trillion!
2. "Meme Factor" and Surprises:
Some remember the rise of coins like SHIB (Shiba Inu), which increased in value irrationally many times for many. Optimists argue that the world of cryptocurrencies also depends on momentum, trading, and hype, not just fundamentals. But this relies on enormous risk and exceptional market conditions.
✍️ Summary: Invest Realistically 🧠
Reaching 1 dollar for BTTC is closer to an economic miracle than a financial prediction.
The most realistic target: Instead of 1 dollar, targets like reaching the deletion of one or two zeros (like $0.00001 or $0.0001) might be the more logical goals that could yield significant profits for patient investors if the BitTorrent Chain ecosystem indeed expands.
Final advice: Don't let rosy dreams mislead you. Always invest based on analysis and numbers, and remember that cryptocurrencies carry high risks!
