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BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment?

bittorrent

BitTorrent Price Predictions 2023-2031

BTT token is bought and spent by those who request data or wish to increase their download speed. What’s happening to the BitTorrent network that can motivate us to check out the BitTorrent Price Prediction? Here’s what:

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.

This BitTorrent price prediction will reveal more about BTT’s potential for surviving the crypto winter, through its market of the most extensive file-sharing protocol with more than 100 million users.

BitTorrent said that under its planned redenomination of its token BTT, it had burned 541 billion BTTOLD representing 54.6% of the total. The old token is now named BTTOLD, and the new one is BTT which launched in January.

Going by its market cap, it has become one of the best gainers in the shortest time.

Today’s BitTorrent price is $0.000777 with a 24-hour trading volume of $62,631.52. BitTorrent is down 3.32% in the last 24 hours. The current CoinMarketCap ranking is #210, with a live market cap of $769,179,079. It has a circulating supply of 990,000,000,000 BTTOLD coins and the max. supply is not available.

What is BitTorrent Cryptocurrency?

BitTorrent is a peer-to-peer file-sharing market platform that has recently become more decentralized. BitTorrent provides a market of the most extensive file-sharing protocol with more than 100 million users.

Tron (cryptocurrency) - Wikipedia

Users on the TRON blockchain can use BitTorrent coin (BTT) to play along with content creators’ files on the network. BitTorrent cryptocurrency is now recognized as one of the most extensive peer-to-peer software in the cryptocurrency market. 

BitTorrent reached its highest price on Apr 5, 2021 when it was trading at its all-time high of $ 0.013830. The lowest price since it’s ATH was $ 0.001798 (cycle low). The highest BTT price since the last cycle low was $ 0.005334 (cycle high). The BitTorrent price prediction sentiment is currently bearish.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 1

Source: WalletInvestor

History of BTT Price

BTT - Bittorrent. The Logo Of Coin Or Market Emblem. Stock Vector -  Illustration of global, bittorrent: 144001431

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 them on their computer. Providers who host a file split them into several pieces. Thus, requesters receive pieces of the same file from multiple providers if requesters wish to download the said file.

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. 

2019

BitTorrent token [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 0.01426 USD at the start of April. 

BTT plunged considerably to 0.001 USD in the third quarter and continued the fall until the quarter. By October 2019, BTT was trading at 0.0005 USD. Again, the coin experienced a significant downfall until the end of the year. At the end of December 2019, BTT received the needed support and was trading at $0.0003. 

2020 

With the market being bearish, BTT continued to show resistance. It traded at $0.0002 during the start of January 2020. The opposition 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 significant fall until the middle of December. At the end of 2020, BTT plummeted to trade at 0.0002 USD.

2021

In 2021, the Tron Foundation and the BitTorrent Network decided to launch a network called BitTorrent Chain (BTTC). BTTC acts as a Layer 2 scalability solution and aims to address Tron’s cross-chain issues such as decentralized apps (Dapp), non-fungible tokens (NFT), and decentralized finance (DeFi). The result of this collaboration is the creation of a BitTorrent Chain network. The token of this network is the same BTT token that is transferred to the BTTC network. Some distinctions exist, although they are one and the same token:

  • The name of the old BTT token has changed to BTTOLD, and the new token has remained BTT.
  • BTTOLD is a TRC10 token, and the new BTT is a TRC20 token.
  • The conversion ratio of BTTOLD to BTT will be 1:1000.

BTT’s Fourth Anniversary

The BitTorrent Token (BTT) is yet to celebrate its 4th birthday on January 20, 2023. The token team was able to deploy the world’s first decentralized live stream, the Dlive protocol after which the coin’s market value surged to a whopping $3.5 million. Factors influencing the growth of the coin then can be attributed to Binance listing the BTT/TRX pair and getting listed on BitPanda. Binance supported BTT’s token migration and redomination plan which took place on the 11th of January, 2022.

BitTorrent Token’s parent company BitTorrent took a different turn once it got acquired by TRON in 2018. The following would see the company launch the BTT cryptocurrency through the TRON blockchain. Which was a means to add more decentralization to the entertainment platform. The original founder of BitTorrent, Bram Cohen, came up with the platform back in 2000. And since then, it has been championing for files users to share files among themselves without breaking copyright laws.

How to Swap BTTOLD to BTT

Step 1 – Download and install TronLink wallet. TronLink wallet is available in both Google Chrome extension and Android and iOS apps.

Step 2 – Go to Chrome Web Store and search for TronLink and click on Add to Chrome.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 2

Step 3 – Click on the Create Wallet button and scroll down the user agreement text and agree to the terms.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 3

Step 4 – Enter a password that matches all four criteria so that they turn green. Enter the password again in the next box.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 4

Step 5 – After you hit the Create Wallet button, make sure you backup your wallet. Send your old BTT to this wallet.

Step 6 – Head to BTT Swap app through this link.

Step 7 – On the top right corner, choose Connect Wallet and then click on Tron Network.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 5

Step 8 In the pop-up window, click on Connect.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 6

Step 9 – Choose the amount of BTTOLD you would like to swap to BTT and hit Confirm Swap.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 7
  • The Trigger Smart Contract message shows up. Click on Sign and wait for the smart contract to be confirmed.
  • Click on Done to finish the swap process.
  • To be able to see your new BTT tokens in the wallet, open TronLink wallet extension and click on + button.
BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 8

Step 10Type in BTT and choose BTT (TRC20) from the list by clicking on + button.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 9

Step 11 – Go back to the All Assets window by clicking on < button. Your balance of new BTT tokens must be shown in your assets.

New Developments in the BitTorrent Ecosystem

BitTorrent recently announced that users can now experience the BitTorrent chain on the Coin98 decentralized app browser again. BitTorrent’s File System became the first scalable decentralized storage system based on 2 billion BitTorrent users. Here are some of the new developments on the BitTorrent Network:

BitTorrent announced that it has partnered with Hot Cross. It is essential to know that Hot Cross is a multi-chain infra & web3 playground created for both blockchain teams and communities.

BitTorrent also announced that wallet accounts on its network exceeded 360,000,000.

BitTorrent announced that it has partnered with Hot Cross. It is essential to know that Hot Cross is a multi-chain infra & web3 playground created for both blockchain teams and communities.

BitTorrent also announced that wallet accounts on its network exceeded 360,000,000.

BitTorrent Technical Analysis 

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 10
BTT Technical Analysis

As seen on the daily chart for BTT/USD, the Bollinger Bands (BB) indicator depicts oversold conditions, hence the shrinking prices and bearish pattern. Using the Bollinger Bands and Keltner Channels to assess the volatility of BTT, we can see that the Keltner Channel is enclosed in the Bollinger Bands (known as a fired squeeze), meaning that the price volatility is on the increase and a break out of the tight trading zone is imminent, either upwards or further downwards.

The momentum oscillator can be seen to have fallen below the zero line, signaling a bear market as well as a shorting opportunity. 

BitTorrent Coin Price Prediction by Cryptopolitan 

As with most cryptocurrencies, BTT has had a persistent bear run in the past months, losing 5.88% in 1 month, 16.88% in 3 months, 25.58% in 6 months, and 99.98% since the start of 2022. Several factors, such as negative investor sentiment, market competition, and reduced demand, have contributed to the downturn in the value of BTT. 

Crypto market analysts are enthusiastic about the fortunes of the crypto space in 2023 and expect the market to recover in the first quarter of the new year. If this is the case, Bittorent can also record gains. Here are our Bittorrent price predictions for 2023 to 2031.

BitTorrent Price Prediction 2023-2031: Is BTT a Good Investment? 11
YearMinimum Price ($)Average Price ($)Maximum Price ($)
20230.000001360.000001500.00000164
20240.000001870.000002200.00000226
20250.000002440.000002800.00000290
20260.000002440.000002800.00000290
20270.000003010.000003390.00000349
20280.000004280.000004580.00000474
20290.000006180.000006630.00000666
20300.000008720.000009090.00000913
20310.000011800.000012300.00001230

BitTorrent Price Prediction 2023

According to our Bittorrent price prediction for 2023, we anticipate that BTT will experience consistent price gains, ultimately reaching a maximum price value of $0.00000164. In addition, investors should expect an average forecast price of $0.00000150 and $0.00000136 as the lowest possible price. With more adoptions and use cases for the BitTorrent file system, these forecast prices can be achieved.

BitTorrent Price Prediction 2024

As per our Bittorrent price prediction for 2024, the value of BTT will continue to increase, eventually achieving a maximum of $0.00000226 per unit. The digital coin’s value is anticipated to range from a low of $0.00000187 to an average trading price of around $0.00000220 on the crypto market.

BitTorrent Price Prediction 2025

Our BitTorrent price prediction for 2025 expects the cryptocurrency to reach a high price of $0.00000290. The minimum value of the BTT coin is $0.00000244, and its expected average market price is $0.00000280. 

BitTorrent Price Prediction 2026

According to our Bittorrent price prediction for 2026, there is a good chance that the virtual currency will reach a maximum price of $0.00000305. The lowest price BTT investors should anticipate per unit of BTT is $0.00000268, with an average trading price of $0.00000296.

BitTorrent Price Prediction 2027

Our BitTorrent price prediction for 2027 projects is that by that year, BTT will have reached a high of $0.00000349 per unit, which is equivalent to a gain of almost 442% compared to the current BitTorrent price. According to our price estimates, Bittorrent’s minimum and average prices will also attain $0.00000301 and $0.00000339, respectively.

BitTorrent Price Prediction 2028

According to our Bittorrent price prediction for 2028, the price of one BTT may reach a maximum of $0.00000474, which would put it well above the current level by over 600%. It is anticipated that the price of this digital asset will remain consistent at $0.00000458 on average and will not drop below the level of $0.00000428. A surge in Bittorrent adoption could mean that these price targets will be reached.

BitTorrent Price Prediction 2029

Our BitTorrent price prediction for 2029 assumes the market will experience more gains than losses, ultimately leading to a maximum market price of $0.00000666. We also estimate the lowest possible price of $0.00000618 and an average trading price of $0.00000663.

BitTorrent Price Prediction 2030

According to our Bittorrent price prediction for 2030, BTT will reach a maximum value of $0.00000913 by the end of the year. The minimum price estimate for BTT is $0.00000872, while the average price estimate is $0.00000909.

BitTorrent Price Predictions 2031

Our BitTorrent price forecast for 2031 projects that the digital currency will be worth more than 17x its current price, reaching a maximum price of $0.0000123. Based on our analysis, the minimum price of the asset by 2031 will be $0.0000118, while the market’s average price should settle somewhere around $0.0000123.

BitTorrent Price Prediction by Wallet Investor 

Wallet Investor predicts a decline in Bittorrent’s value over the following months, with the coin’s market price falling to $0.000000110 by 2023. As a result, they view it as a poor investment for the future. They anticipate that the price of Bittorrent will range between $0.000000583 to $0.000000618 in the coming days.

BitTorrent Price Prediction by Technewsleader

Technewsleader predicts a Bittorrent price of $0.00000120 in 2023, with a five-year BTT price forecast of $0.00000578. Technewsleader’s forecasting model projects that Bittorrent might reach a price of $0.00002697 by 2031.

BitTorrent Price Prediction by PricePrediction.net

TradingBeasts forecasts that Bittorrent will experience a favorable trend in the coming months and years. By 2023, the coin is projected to reach a peak value of $0.00000114 in the market. They also forecast that BTT will have a bullish run in 2024, with a price range of $0.00000140 to $0.00000172 throughout the year. Priceprediction.net indicates that the BitTorrent price will continue to trend upward in 2025, reaching an average price of $0.00000221 and a maximum price of $0.00000245.

According to Priceprediction.net’s Bittorrent forecast, the highest possible price will be $0.00000369 in 2026, $0.00000548 in 2027, $0.00000761 in 2028, and $0.00001106 in 2029. They anticipate that by the year 2031, the price of Bittorrent will range from a low of $0.00001960 to a high of $0.00002380, with an average price somewhere around $0.00002016.

Conclusions 

BitTorrent is one of the most popular crypto projects among blockchain enthusiasts. Again, BitTorrent is one of the largest torrent trackers that provides information exchange, data storage, etc. According to our BTT price prediction, we expect the coin to grow in the future. It is essential to know that the general market volatility remains a crucial factor in influencing this token’s price in the future. Hence, it is advisable to trade/invest with caution. Only add money that you can afford to lose. 

<em><strong>Disclaimer</strong>. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.</em>

FAQs

Is BitTorrent (BTT) a good investment?

Yes, it is an excellent investment, according to BitTorrent token price predictions. BitTorrent is expected to grow in popularity, making it a solid investment. The forecast remains true only if BTT continues to present a positive situation, making BTT a worthwhile investment.

Where can I buy BTT?

BTT is a well-known cryptocurrency that is traded on a few major platforms. Compliant cryptocurrency exchanges like FTX, Binance, KuCoin, Bitmax, Bithumb, Huobi, Poloniex, and others sell BTT.

Can I make money with BTT?

Yes, absolutely. Because the currency's performance is expected to be fairly bullish, at least for a few years. BitTorrent's movement may be meticulously followed via technical analysis. For trading in BTT, investors are urged to perform their own calculations based on market projections and to seek investment advice. TRON Network's BTT is one of the better cryptocurrency projects with modest liquidity.

Where to trade BTT?

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.

How high can BTT go?

Favorable market conditions will push BTT to a high price of $0.0000123.

What is the difference between BTTOLD and BTT?

The current BTT token will become BTTOLD and the new token will become BTT. 1 BTTOLD equals 1000 BTT. This does not change the market cap of BTT or the value of your holdings. Users can only swap BTTOLD to BTT, and swapping the new version to the old version is not possible.

Will BTT reach $1 in five years?

We don't expect BTT to reach $1 in five years. Our forecasted average price for BTT in five years is $0.00000349.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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