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BitTorrent Price Prediction: What Is BitTorrent (BTT) Coin, and Why Is It Popular?

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 Fundamental Analysis

Project name
BitTorrent
Stock Symbol
BTT
Current Price
7.9e-7
Current Supply
990000000000000

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.

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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 2022

As of the end of 2022, BitTorrent price predictions remain predominantly positive, with some analytics promising the price at about $0.000001, while TradingBeast even cites the possibility of the price reaching $0.000001 by the end of the year.
Potential ROI: 8% Buy

BitTorrent Price Prediction for 2023

In their BitTorrent price predictions for 2023, TradingBeast’s forecasts the coin’s price to go above $0.000001 by December. Forecasting BitTorrent's future, PricePrediction.net expects further growth, too, saying the BitTorrent price will reach ~$0.000001 by that time. On the contrary, WalletInvestor keeps predicting BitTorrent price decline, quoting prices around ~$0 in 2023.
Potential ROI: -1% Sell

BitTorrent Price Prediction for 2024

BitTorrent price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.000001–$0.000001 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0 in December 2024.
Potential ROI: 22% Buy

BitTorrent Price Prediction for 2025

PricePrediction.net has only optimism in store for the 2025 BitTorrent price prediction, valuing BitTorrent at $0.000001 by the end of 2025. TradingBeast agrees with a positive forecast and predicts, in turn, $0.000002 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their BitTorrent price prediction for December of this year is just $0.
Potential ROI: 10% Buy

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 will grow further and eventually reach $0.000001 by the end of the decade. TradingBeast’s price prediction for BitTorrent echoes with the projection of an uptrend to $0.000002. Despite this, PricePrediction.net’s vision remains not so positive, promising a downfall to $0.
Potential ROI: 19% Buy
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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.

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