Friday, December 2, 2022

BitTorrent (BTT) vs Shiba Inu (SHIB): Which One Is the Better Investment?

In the crypto markets, the most challenging part is finding a cryptocurrency that might gain considerable value in a short amount of time. Of course, you can invest in more stable cryptocurrencies such as Bitcoin and average in slowly to the top. However, if you are looking to make quick profits, this might not be the best strategy. 

Alternative cryptocurrencies, or altcoins, are riskier investments but can outperform Bitcoin or Ethereum by a large margin. Two such high-risk, high-reward cryptos are BTT and SHIB. In this article, we explore their fundamentals and compare them head-to-head. 

This way, you will have sufficient information on whether they are worth the risk. As a bonus, we will share how to exchange BTT to SHIB in a secure and anonymous manner. Let’s get started. 

What Is BitTorrent (BTT)?

Everyone has heard of the BitTorrent platform, which was one of the pioneers in the file-sharing industry. BitTorrent was one of the first programs to allow for decentralized file downloads, by sourcing the files from multiple users at once. This increased the download speed considerably and provided a file-sharing system that is still widely used today. 

In 2019, the BitTorrent company was purchased by the company that owns the Tron blockchain. The goal was to enlarge its ecosystem by adding a trusted, proven file transfer network to its portfolio. 

What’s more, after the acquisition, Justin Sun, Tron’s CEO, decided to introduce BitTorrent to the marvels of blockchain technology. The BitTorrent cryptocurrency was created to enhance the BitTorrent ecosystem, by rewarding its participants with a valuable asset, which is BTT. As such, the BTT crypto was created on the Tron blockchain, and it is used to: 

  • provide rewards to those that share files on the network; 
  • pay with BTT if they wish to access high-speed bandwidth;
  • use the premium file-sharing features of the platform.  

What Is Shiba Inu (SHIB)?

Everyone in the crypto community has heard of Dogecoin, the meme cryptocurrency that skyrocketed in value after Elon Musk endorsed it. Following this success, many copycats emerged on the market, including the Shiba Inu crypto. 

Most of these tokens wished to benefit from the hype created by DOGE. Shiba Inu certainly succeeded at this, as it climbed in the top 50 coins by market cap in a record-breaking time. However, SHIB managed to appeal even to more serious investors by proposing a genuine token swap ecosystem based on smart contracts. 

The ShibaSwap decentralized exchange provides secure crypto token swaps in addition to a yield farming and liquidity mining passive income system. Users can provide liquidity to various token pools, and receive rewards from the transaction fees of the exchange. 

BTT vs SHIB – Which One Should You Buy?

Fundamentally speaking, BitTorrent and Shiba Inu are quite different cryptocurrencies. The first one rewards file-sharing, while the latter one is a meme coin that provides passive income through liquidity farming. 

If the market resumes its bullish momentum, both of these coins could skyrocket in value by the end of the year. They both have the potential for big returns, so it really depends on your personal preference. That said, remember to not go all-in on either, as they are quite volatile and might be subject to sudden price crashes.  

Best Way to Exchange BTT to SHIB

BTT and SHIB reside on two different blockchains, Tron and Ethereum. So, if you are using traditional exchanges to convert BTT to SHIB, you will probably need to go through multiple steps before executing your swap. The more steps you need to take, the more expensive the fees will become. 

What if we told you that there’s a secure and reliable platform that will help you exchange these two tokens? We are, of course, talking about the Godex exchange. Godex proposes hundreds of different trading pairs, including some less common ones like DASH to CAKE. 

In addition to a large number of trading pairs, Godex values your privacy. You will notice this first-hand as the exchange doesn’t even ask you to create an account to start trading on their platform. All you have to do is pick your coins, provide a wallet address and sign the transactions. 

Consequently, you can execute a BTT to SHIB swap in just a couple of minutes, in a single step. What’s more, the coins will arrive directly in your personal wallet, letting you keep control of your funds at all times. 

Wrap Up

Hopefully, this article gave you sufficient data for you to make an informed decision on which is a better investment between the BTT and SHIB cryptocurrencies. Just remember that these assets are incredibly volatile, so you should never invest more than you are prepared to lose.