We've all stumbled upon predictions for all kinds of coins, including Bitcoin, of course. Some may sound like they may happen in the future, such as Bitcoin, Ethereum, Solana, or Polkadot, coins with actual potential. However, some are so exaggerated that they have no foundation to back up their claims. I recently got my hands on some BTTC (BitTorrent Coin). It has so many zeros after the decimal that I've lost count, and they are literally worth almost nothing. I was curious to see, though, what the community believed about its future.
The first website I stumbled upon claimed that BTTC had the potential to reach $30 by 2050. Firstly, how can a coin worth $0.000000866 as we speak rise so much in value? It currently has a market cap of over $800.000.000. If the price were to double, it'd have a market cap of $1.6 billion. That's already extravagant and it'd still be worth close to nothing, nonsense.
Secondly, how and why is someone making predictions 30 years from now? The world might have ended by then. On what data is someone making such a prediction? Fortunately, other websites I found didn't have such extreme forecasts, but some still did, over the moon. For most coins out there, plenty of similar examples can also be found. Do you believe that they're based on any actual statistics and/or considering the coin's potential, are they purely fictional?
P.S I'm not implying that BTT could possibly reach $30; I'd be a multibillionaire if that were the case. It's just a simple example of how many exaggerated forecasts are out there.
Website n.1:
https://telegaon.com/bittorrent-coin-price-prediction-2021-2022-2025-2030/Website n.2:
https://www.cryptonewsz.com/forecast/bittorrent-price-prediction/ A more plausible prediction