As one of the tokens that continues to be traded on Binance, $BTTC retains its relevance despite being frequently criticized as a “trash coin.” Here are some reasons why $BTTC remains on Binance:
1. High Liquidity:
Binance provides BTTC trading pairs with good liquidity, allowing users to buy and sell this token easily.
2. Active Ecosystem:
BTTC still has a large user base, especially among existing BitTorrent users.
3. Binance Support:
Having an existence on Binance gives BTTC a certain level of credibility, as Binance tends to hold tokens that have active trading volume.
Is BTTC Worth Owning?
Advantages:
1. Connection with BitTorrent:
As part of the BitTorrent ecosystem, BTTC has potential utility in file sharing applications.
2. Low Cost:
BTTC's low price makes it affordable for novice investors or speculators.
3. Staking Potential:
Users can consider staking BTTC to earn passive rewards.
Disadvantages:
1. Lack of Real Adoption:
Despite being based on BitTorrent, its blockchain adoption among mainstream users is still limited.
2. Stigma as a "Trash Coin":
Low prices and high volatility make BTTC often categorized as a speculative asset without strong fundamentals.
3. Tough Competition:
With many blockchains being more advanced and having more solid ecosystems, BTTC faces a big challenge to stay relevant.
Why Does BTTC Still Exist?
Although often considered “junk,” BTTC has characteristics that make it stand out:
Active Trading Volume:
There are always traders who take advantage of BTTC price fluctuations for speculation.
Limited but Real Utility:
BTTC is still relevant in the BitTorrent ecosystem, although its adoption is not yet widespread.
Speculative Market:
BTTC is attractive to traders with small capital who are looking to profit greatly from price fluctuations.
So, is BTTC worth owning? The answer depends on your investment goals:
If You Are a Speculator:
BTTC can be an opportunity for short-term trading due to its volatility.
If You Are a Long Term Investor:
Take a deeper look at the prospects of this project, especially in terms of technology adoption and real utility in the future.
Although often considered a “trash” coin, BTTC shows that its existence on Binance is not without reason.