Every crypto project offers a unique feature to its users. BitTorrent is one of the emerging cryptocurrency established to provide a secure network which extends the current function of file sharing protocol.
The accelerated spike in the price since the start of 2021 has dragged investors’ attention towards BTT. And if you are thinking to be one of them or you are already a BTT holder, then this article covers the fundamentals and the historic price movements of BTT.
Moreover, the future price movements and the overall market sentiments with price predictions may assist you to determine the BTT volume in your portfolio.
|Price(At the Press time)||$0.007046|
|Circulating Supply||659,952,625,000 BTT|
|All Time High||$0.01426 (April 05, 2021)|
|All Time Low||$0.0001394 (March 13, 2020)|
Fundamental Analysis of BitTorrent
BitTorrent is a peer-to-peer file sharing platform that has become more decentralized in recent times. Founded by Bram Cohen in July 2001, BitTorrent was taken over by Tron platform owned by Justin Sun in July 2018. The acquisition made the BTT platform has been upgraded with additional tools with a dedicated native currency BitTorrent Token(BTT).
As of now, BitTorrent provides a platform of the largest file sharing protocol with more than 100 million users. The TRON Foundation acquired the platform in 2018 but the project could not kickstart under it’s network until 2019.
Users on the TRON blockchain can use BitTorrent coin (BTT) to play along with the files that content creators share on the network. BitTorrent is now recognised as one of the largest peer-to-peer software that exists on the blockchain.
Also Read: Origin Protocol Price Prediction, Will OGN Price hit $10 by 2021?
BitTorrent Price Prediction 2021
BTT continued the trade at $0.0002, the price it has ended the year 2020. Later the price started to grow steadily. BitTorrent got decent assistance from several classifications of institutions. The price received a huge boost in the mid of February rallying from $0.0005 to the highest ever levels around $0.0129 and woefully plunged back.
As this is the altcoin season, BTT rose to an ATH of $0.0126 on April 5, 2021. As per the experts, the price rise will continue further and may hit $0.008 by the end of 2021.
BitTorrent Price Prediction 2022
BitTorrent shows great potential and due to the increase in the user base, the BTT price may also rocket over $1 or more. Given the circumstances, the prices are increasing exponentially. Hence it is not too far fetched to understand this price rise.
Price Prediction For Next 5 Years
BitTorrent currently is not recognized by BigTech officially and faces piracy issues. However, looking at the way of development of their platform, leading OTT platforms may likely cooperate with BitTorrent by upcoming years as it ensures safety for its content. BTT might also cooperate with Spotify. By the end of 5 years, BitTorrent could trade at $5.
Market Price Prediction For BTT
According to WalletInvestor, BitTorrent is a promising and profitable investment. BTT might go up from $0.007031 to $0.0126 in the coming year and may hit $0.0369 by the end of 2026.
According to captainaltcoin.com, BTT will get to the mark of $0.02 – $0.20 per token by 5 years.
According to TradingBeasts, BTT could trade in between $0.0077151 and $0.0090766 by the end of 2021 and reach an average price of $0.0175035 by the end of 2024.
According to the analysis of DigitalCoinPrice.com, BTT may reach $0.0107 by the end of 2021 and could be trade at $0.02055 per token by 2025
According to the technical analysis of cryptocurrencypriceprediction.com, the price of BTT could hit $0.02 to $0.2 per token by 2025.
Our BitTorrent BTT Price Prediction
With a current trading price of $0.01284, BTT has shown great promise. It might concentrate on some developments and its price might rise. It might end the year 2021 with $0.008. With certain price variations BTT might reach the newer heights and it may be a good investment. By 5 years BTT may trade at $0.01 to $0.02 in the future.
Also Read: NEM Price Prediction, Will The XEM Price Hit $1 In 2021?
Historic Market Sentiments
BitTorrent [BTT] has had a rough year since landing on the crypto currency 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 around $0.0004 in the first two days. However, later in the month of February, BTT launched a great start by surging as high as $0.0011 per unit of the cryptocurrency.
An explosive price pump was experienced in February. The price continued to decline for several months. Later, BTT recorded its all time high by reaching $0.001861in the end of May.
In the third quarter, price plunged greatly to $0.001 and continued the downfall until the end of the quarter.
By October 2019, BTT was trading at $0.0005. The price experienced a major downfall until the end of year. At the end of December 2019, BTT was trading at $0.0003.
With the market being bearish, BTT continued its trade at $0.0002 during the start of January 2020. BitTorrent climbed to $0.0005 by the mid of February. Later the price shockingly dropped to $0.00013 to record it’s all time low in the March due to the Covid-19 outbreak. Later, BTT started to surge significantly and touched the $0.0005 mark by August. The price experienced a major downfall until the mid of December. At the end of 2020, BTT plummeted to trade at $0.0002.
we recognize that BTT may reach as high as $0.0006 and reach up to $0.0012 in 2021
Yes, it might be a good investment if you are planning for a long-term.
BTT is one of the crypto good projects by TRON that has moderate liquidity.If you are planning to go for long, it is a good choice but not a piece of financial advice.
BitTorrent can be traded on exchanges like DigiFinex, OKEx, VCC Exchange, Binance and many more.
Considering the current price, BTT has to go a long way to reach 10 cents. And hence $1 right now may be a very distinct target but yet achievable in future.
Binance’s Trading Volume Hits $100 Billion in Just One Day
Binance continues to see unprecedent trading activity while attempting to sail through regulatory hurdles
Binance’s daily volume hit an eye-popping $100 billion on Oct. 20, according to a tweet by CEO Changpeng Zhao.
The leading crypto exchange recorded this crucial milestone on the day Bitcoin, the largest cryptocurrency, reached a new all-time high of $67,276.
Despite introducing stricter measures for users due to severe regulatory scrutiny, Binance enjoys a comfortable lead over other crypto exchanges in both spot and derivatives trading, according to data provided by CoinMarketCap.
Eerier this month, the trading platform also announced a $1 billion ecosystem fund.
Meanwhile, the decentralized finance sector is catching up with centralized behemoths. The total value locked in DeFi protocols has hit $100 billion for the first time.
Binance Smart Chain DeFi protocol PancakeHunny suffers flash loan attack
As the users argue “what’s better,” Ethereum or Binance Smart Chain, the latter saw another decentralized protocol being exploited. PancakeHunny on BSC was attacked by a flashloan and no, this wasn’t a first for the protocol.
Blockchain security and data analytics company Peckshield Inc. announced the attack on Twitter.
The last time that this protocol was exploited, was in June, wherein the team had noted the creation of a smart contract to exploit the Hunny Minter Smart Contract. The contract was subsequently executed 91 times, as per the team.
The team took a long time to respond to the hack this time but assured the users that their funds were safe. The team added in a preliminary report,
“On 20 October 2021, at 0920 UTC. A smart contract was created to exploit the Hunny TUSD vault. The Contract was subsequently executed 26 times.”
PeckShield provided some details about the same noting,
According to the agency, this hack was possible due to a profit inflation bug, which converts the relatively small amount of harvested ALPACA, to a large amount of TUSD for staking. PeckShield added,
“These converted TUSDs are then counted as profit, now inflated to mint large amount of $HUNNY!”
Actions taken by the team
The PancakeHunny team has stopped the minting process for the TUSD vault while assuring that funds in Hives were all SAFE. The exploit did not affect other Hives and Vaults but the price of HUNNY.
They added that the issue has been identified and the team will change its rooting to higher liquidity pools to prevent the aftereffects of price manipulation of LP pools.
NBA Makes Coinbase Its Exclusive Crypto Partner
Coinbase has joined FTX in scoring major partnerships in the sports industry
The National Basketball Association has announced a multi-year deal with Coinbase, America’s biggest crypto trading platform in an Oct. 19 press release.
Coinbase will act as the exclusive partner of the NBA, NBA G League, Women’s National Basketball Association (WNBA), and other leagues.
As part of the deal, the exchange will have a brand presence during televised games as well as unique content and activations that are meant to boost crypto awareness.
Kate Rouch, Coinbase’s chief marketing officer, says that the company is proud of joining forces with the NBA:
The freedom to participate and benefit from the things you believe in is at the heart of Coinbase’s mission. Nobody believes this more than NBA and WNBA fans. We’re proud to become the Leagues’ official cryptocurrency partner.
The shares of Coinbase are up roughly 3% at press time.