Since its launch in 2000, BitTorrent has struggled to monetize its massively popular service into a profitable investment. To that end, BitTorrent was acquired by the Tron Foundation, creators of the Tron blockchain, in 2019. The new ownership then introduced BitTorrent to the crypto market to help expand BitTorrent protocol and incentivize the volume of users or traders on the network. Going by its market cap, it has become one of the best gainers in the shortest time.
BTT token is bought and spent by those who request data or wish to increase their data download speed.
What is BitTorrent cryptocurrency?
BitTorrent is a peer-to-peer file-sharing market platform that has become more decentralized in recent times. BitTorrent provides a market of the largest file-sharing protocol with more than 100 million users.
Users on the TRON blockchain can use BitTorrent coin (BTT) to play along with the files that content creators share on the network. BitTorrent cryptocurrency is now recognized as one of the largest peer-to-peer software that exists in the cryptocurrency market.
BTT cryptocurrency token price stats and BBT market capitalization, according to Coinpedia.
How does BitTorrent token work?
BitTorrent is a software that connects parties accessing its network to compute file sharing requests at its core. Transactions begin when a user asks for files from the providers who host the files on their computer. Providers who host a file split them into several pieces. Thus, if requesters wish to download the said file, they receive pieces of the same file from multiple providers.
The expansion of BitTorrent into the cryptocurrency market was intended to make it a more distributed network, compensating providers while increasing the efficiency of sharing large files to reduce server and network impact.
BTT historical coin price prediction according to Crypto-rating
BitTorrent [BTT] has had a rough year since landing on the cryptocurrency markets. Since its launch in 2019, the cryptocurrency has lost about 80% of its launching value.
Following its listing on CoinMarketCap on January 31, 2019, BTT traded at a closing price of around 0.0004 USD in the first two days. However, later in February, BTT launched a great start by surging as high as 0.0011 USD per cryptocurrency unit. An explosive pump was experienced in February. The BTT continued with this bearish momentum for several months. Later, BTT recorded its all-time high by reaching 0.001861 USD at the end of May.
In the third quarter, BTT plunged greatly to 0.001 USD and continued the fall until the quarter. By October 2019, BTT was trading at 0.0005 USD. Again, the coin experienced a major downfall until the end of the year. At the end of December 2019, BTT received the needed support and was trading at $0.0003.
With the market being bearish, BTT continued to show resistance. It traded at $0.0002 during the start of January 2020. The resistance continued, and it further climbed to 0.0005 USD by the mid of February. Later the coin value shockingly dropped to 0.00013 USD to record its all-time low in March due to the Covid-19 outbreak. Later, BTT started to surge significantly and touched the 0.0005 USD mark by August. The coin value experienced a major fall until the middle of December. At the end of 2020, BTT plummeted to trade at 0.0002 USD.
BTT price USD predictions according to Wallet Investor
The cryptocurrency market is highly volatile, and major changes can happen within minutes due to factors like regulations, competition, the emergence of new tech, trade, and market sentiments, and so on. However, there are some cryptocurrency predictions given by expert traders/enthusiasts or even forecasting websites for digital currencies on how BitTorrent would perform in the future based on the risks involved. Its involvement in various adventurous projects like BitTorrent Web, BitTorrent Classic, Bittorrent Android could ensure its value keeps up the momentum as per the fundamental and technical analysis by industry experts.
The BitTorrent BTT price, according to WalletInvestor, is forecasted to be at 0.00234 USD by July 15, 2021. BTT is expected to hit the maximum price at 0.00269 USD, a mini price of 0.00198 USD. The BitTorrent BTT price prediction for the end of the week is 0.002031 USD.
BTT 2022 price prediction chart according to TradingBeasts
BTT price projection January 2022
According to the forecast, the average BitTorrent price for January 2022 is 0.0034350 USD. The expected hit the maximum price is 0.0042937 USD, mini price 0.0029197 USD. The BitTorrent projection change for the end of the month is 42.45%.
BTT price projection for February 2022
According to the forecast, BitTorrent may reach the average price of 0.0034751 USD by the beginning of February 2022. The expected maximum price is 0.0043439 USD, mini price range of 0.0029538 USD. The BitTorrent projection change for the end of the month is 44.11%.
BTT price projection for March 2022
The BitTorrent price is forecasted to reach the average price of 0.0029851 USD by the beginning of March 2022. The expected hit the maximum price is 0.0043899 USD, mini price $0.0029851. The BitTorrent prediction change for the end of the month is 45.64%.
BTT price projection for April 2022
The BitTorrent price is forecasted to reach the average price of 0.0035532 USD by the beginning of April 2022. The expected max price is 0.0044416 USD, mini price is 0.0030203 USD. The BitTorrent prediction change for the end of the month is 47.35%.
BTT price projection for May 2022
The BitTorrent price is forecasted to reach an average of 0.00359381 USD by the beginning of May 2022. The expected max price is 0.0044922 USD, mini price is 0.0030547 USD. The BitTorrent price projection for the end of the month with 49.03% change.
BTT 2023 price prediction chart according to Tradingbeasts
BitTorrent price prediction January 2023
The moving average for BitTorrent in January 2023 is $0.0039378. The expected maximum price is 0.0049223 USD, minimum price 0.0033471 USD. The BitTorrent projection change for the end of the month is 63.30%.
BTT price prediction for February 2023
The BitTorrent price is forecasted to reach an average of 0.0039823 USD by the beginning of February 2023. The expected maximum price is 0.0049779 USD, minimum price 0.0033850 USD. The BitTorrent projection change for the end of the month is 65.14%.
BitTorrent token price prediction for March 2023
The BitTorrent price is forecasted to reach an average of 0.0040226 USD by the beginning of March 2023. The expected maximum price is 0.0050282 USD, minimum price 0.0034192 USD. The BitTorrent projection change for the end of the month is 66.81% change.
Cryptocurrency price prediction 2021-2028 forecast according to Digitalcoinprice
According to the BTT prediction on Digitalcoinprice prediction, the price of Bittorrent will start in 2021 with $0.0035747293 and will rise to $0.0039009019 in 2022. The coin will start in 2023 with $0.0051782343 and rise to $0.00687888 in the following year. The previous year’s increase will transcend into 2025 as BTT is projected to be sold at $0.0068491312. The coin will further increase in 2026 and will be sold at $0.0082219399. BTT is projected to reach its all-time high in 2028 with $0.105998804. The graphical representation of the bullish trend is presented below.
BitTorrent Price Prediction 2021-2025
The BitTorrent price projection for this whole year remains quite encouraging, stating that it might jump to about $0.0055 in September and October and straight to the $0.0061 mark by the end of the year.
BitTorrent Price Prediction 2022
BitTorrent price forecast will continue to indicate a positive trend among the receding Pandemic scenario touching the $0.0085-$0.0098 mark.
BitTorrent forecast 2023
There is a predicted eventuality of the future price of BitTorrent, incurring a slight price drop to $0.0090 again.
BitTorrent Price Prediction 2024
BitTorrent will rule the crypto kingdom with a performance of price pegged at $0.0105.
BitTorrent price Prediction 2025
If the project BitTorrent stands the test of time and mass adoption, then the price of BitTorrent will continue to surpass expectations, and a favorable Market will push the price upwards to $0.0125.
How high can BTT go?
BTT’s current price is 0.0024. However, just like the projection for bitcoin price prediction, BitTorrent may reach up to $1 in the future. Its trading volume will be compared with XRP price value in the future at its current growth rate.
Is BitTorrent a good investment?
Yes, it might be a good investment if you are planning for the long term. However, it is also a profitable investment in the short term.
Is BTT worth buying?
BTT is one of the cryptocurrency good projects by TRON that has moderate liquidity. The price action indicates it is a profitable investment. However, it’s best to trade with caution.
Where to trade BitTorrent?
BitTorrent can be traded on different crypto exchanges like DigiFinex, OKEx, VCC crypto Exchange, Binance crypto exchange, and many other popular crypto exchanges. In addition, you can buy BTT coins on these platforms with local currencies, such as the Indian rupee.