Blockchain and crypto technology is becoming more developed, bringing numerous options, for example, BTT is a protocol for p2p file exchange. The project recently saw a huge BTT token price surge. Read our BTT Price Prediction to decide if it was a one-time rollercoaster or a strong bullish tendency.
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BitTorrent Price Prediction: What Is BitTorrent (BTT) Coin, and Why Is It Popular?
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Table of Contents
BitTorrent Fundamental Analysis
Project name
BitTorrent
Stock Symbol
BTT
Current Price
3.829712201619482e-7
Current Supply
990000000000000
Official Website
BTT is a TRC-10 utility token implemented on the TRON blockchain that powers the most popular decentralized protocols and applications. The asset is used to power a number of dApps including BitTorrent Speed, BitTorrent File system, DLive, etc.
The project was originally created in 2001 by Bram Cohen but was bought by TRON blockchain in 2018 and got its own native BTT token after a year in 2019. As of now, BitTorrent is still considered to be the biggest decentralized P2P communication protocol. The initial idea of creating the project was to unload the entertainment industry that got overloaded with the data and became slow and cluttered.
Despite the fact that the technology has seen a lot of criticism for pirating, Cohen replies that nothing illegal is happening as the users just exchange the content between themselves. And as Bram Cohen thinks exchange of the information, in this case, should be fast and convenient. It also offers premium options such as VPN, no ad browsing, etc.
BitTorrent Speed is a downloading client like uTorrent but with advanced options, in particular, downloaders will be able to offer tokens to the uploader to improve download speed. So the uploaders will get a possibility to earn the assets and will be motivated to seed the file longer. All the earned assets are stored in the integrated wallet.
BitTorrent File System is a protocol and network implementation that offers a peer-to-peer mechanism of uploading and downloading digital content in a decentralized filing system. It is mainly utilized by the developers of dApps. But the main idea of BTT is to create a limitless world where the exchange of content is easy and fast.
Once BTT goes on mainnet old TRC-10 coins will be replaced with TRC-20.
BitTorrent Live Price Chart
BTT token performed as one of the most active tokens of the crypto space. On April 5 on the wave of the crypto market uptrend, it reached an all-time high of $0.0142. This attracted even more attention to the asset from the developers, crypto enthusiasts, and investors.
But then the price started to drop steadily and the market was following bearish trends till the end of July. At the time the token started to stabilize its value and even reached $.00049 on September 5.
The next months were full of updates, for instance, at the beginning of October the test network launch was announced and that influenced the price to grow a little. But by the end of the month, the gains were lost and the token went back to its support position of $0.00035.
After the launch date was announced on the 6th of December, BTT token price skyrocketed and its market cap grew from $2.2 billion to $3.1 billion in a matter of hours. And the token price after a few hours stabilized at the level of $0.00289.
Despite the price not being very stable, analysts expect that the token will grow in the next year.
BitTorrent Technical Analysis
Despite the fact that 100% accurate technical analysis for BitTorrent cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated BTT buy-and-sell rating for selected timeframe. The summary for BTT/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
BitTorrent Price Prediction
Below we have collected the most reliable price projections for BitTorrent (BTT) from popular forecast platforms.
BitTorrent Price Prediction for 2023
As for BitTorrent price predictions for 2023, there are divergent opinions. PricePrediction.net expects a downturn towards $0, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from WalletInvestor, are more enthusiastic about BitTorrent’s future price, citing upwards of $0 in December.
Potential ROI:
-35%
Sell
BitTorrent Price Prediction for 2024
According to TradingBeast, in 2024 BitTorrent price is predicted to decline to $0, which makes BitTorrent a poor investment option. PricePrediction.net, in turn, predicts the price drop to $0, and WalletInvestor agrees with a predicted price fall down to $0.
Potential ROI:
-86%
Sell
BitTorrent Price Prediction for 2025
BitTorrent price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0–$0 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0 in December 2025.
Potential ROI:
-59%
Sell
BitTorrent Price Prediction for 2026
Both PricePrediction.net and TradingBeast doubt that the BitTorrent market will grow in 2026, predicting the price drop to $0 and $0 by the end of the year respectively. Other BitTorrent price forecasts support the idea: WalletInvestor forecasts BitTorrent to fall down to $0 by December 2026.
Potential ROI:
-85%
Sell
BitTorrent Price Prediction for 2030
Speaking of long-term BitTorrent price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that BitTorrent price won’t grow further and, opposedly, will decline to $0. TradingBeast’s price prediction for BitTorrent echoes with the projection of a downtrend to $0. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $0.000001.
Potential ROI:
-34%
Sell
Summary
As it can be clear from the analysis cited above, BitTorrent (BTT) projections are rather contradictory. There is no universal consensus either about positive or negative future BTT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the BitTorrent projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
