Every crypto project offers a unique feature to its users. BitTorrent is one of the emerging cryptocurrency established to provide a secure network that 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 crypto. 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 Price Prediction movements of BitTorrent crypto.
The BTT price prediction and the overall market sentiments with BTT news may assist you to understand the right time to buy BitTorrent coin
|Market cap||$ 0.0000|
|Circulating Supply||$ 0.0000|
|Trading Volume||$ 855,980,578.0000|
|All time high||$ 0.0000 January 1, 1970|
|All time low||$ 0.0000 January 1, 1970|
What is BitTorrent (BTT)?
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 the 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 its 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 recognized as one of the largest peer-to-peer software that exists on the blockchain.
BitTorrent Price Prediction 2021
BTT Price 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.
The altcoin price rose to an ATH of $0.0126 on April 5, 2021. In the month of May, BTT Price saw a plunge of more than 50% causing the cryptocurrency to tank as low as $0.002.
However, the altcoin rebounded well by the end of July, hitting $0.002849. The Start of August seemed to be a bullish start, BTT had a major Price rally reaching $0.004829. So, will btt Price go up again?
BitTorrent is one of the most promising altcoins out there, which offers investors a smooth entry into the lucrative crypto market. Moreover, it will continue to improve its platform’s overall performance, which will lead to a bigger market for its crypto. As per the experts, the price rise will continue further and may hit $0.007 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 $0.01 or more. Given the circumstances, the prices are increasing exponentially. Hence it is not too far-fetched to understand this price rise.
BTT Price Prediction 2025
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 in 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 $1.
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 Coin Prediction
BTT has shown great promise. It might concentrate on some developments and its price might rise. It might end the year 2021 with $0.1. With certain price variations, BTT might reach newer heights and it may be a good investment. By 5 years BTT may trade at $5 to $10 in the future.
Using the table below understand what is possible in terms of highs and lows.
Year Potential High Potential Low 2021 $0.006 $0.0018 2022 $0.01 $0.005 2025 $1 $0.01
Historic Market Sentiments
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 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 $0.001861 at the end of May.
In the third quarter, the 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 the 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 its an all-time low in 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.
How high can BTT go?
we recognize that BTT may reach as high as $0.05 and reach up to $0.1.Is BitTorrent a good investment?
Yes, it might be a good investment if you are planning for a long-term.Is BTT worth buying?
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.Where to trade BitTorrent?
BitTorrent can be traded on exchanges like DigiFinex, OKEx, VCC Exchange, Binance and many more.Can BTT reach $1?
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.
Bitcoin Drops as China Declares Crypto-Businesses Illegal
- China declared that cryptocurrency-related businesses are illegal
- Bitcoin, Ether, and stablecoin Tether do not qualify as legal tender in China
- BTC drops in price as the announcement went out
Once again, China reiterated its antagonistic stance on Bitcoin and the cryptocurrency industry as a whole.
In an announcement, the People’s Bank of China (PBOC) mentioned that BTC, ETH, and USDT are not legal tenders in China. They added that these cannot be used in the currency market.
Additionally, the central bank deemed all crypto-related businesses as illegal. This includes overseas exchanges serving residents within China and derivative transactions.
Following the news, Bitcoin’s price fell by almost $2,000 as the news circulated. This has been a common pattern whenever China FUD comes out.
Earlier, China also reiterated its stance on crypto trading and mining while testing the Digital Yuan. According to the PBOC, it will continue releasing regulatory pressure over the crypto trading industry.
Despite the negative news, many analysts remain bullish on Bitcoin and the cryptocurrency industry as a whole. According to analyst Lark Davis, this is not new and will happen again in the future.
In a tweet, Davis mentioned that “The year is 2025, #bitcoin has just corrected from 400k to 250k on China banning BTC fears.”
Can Bitcoin Surpass $6,000,000? Ethereum and Polkadot Creator Details Possible Future of Crypto
Early Bitcoin developer and co-founder of Ethereum and Polkadot, Gavin Andresen, is outlining a future where BTC rises to a staggering $6,000,000 per coin.
Gavin Andresen, who took over as Bitcoin’s lead maintainer from founder Satoshi Nakamoto in 2011, just published a new blog post detailing how BTC’s theoretical evolution could look.
Andresen describes a “possible” scenario where Bitcoin hits a price tag of $6,000,000 by 2061, transaction fees 326x higher than they are now, and the blockchain is used chiefly by whales.
“Imagine: it is the year 2061. The BTC price is six million US dollars – equal to about a million 2021 dollars because of inflation.
Miners are being rewarded 0.006103515625 BTC per block, plus transaction fees of about 5 BTC for 4,000 or so transactions ($7,500 per transaction).
But most BTC transactions don’t happen on the BTC network. Most BTC is locked up in multi-signature outputs secured using multiparty computation and mirrored on another chain as ‘wrapped’ tokens.”
In his scifi scenario, Andresen says those who do remain on Bitcoin’s network will be incentivized to keep it alive.
“The transactions that do occur on the main BTC network are high-value, mostly between super-whale-size holders…
These whales maintain the BTC network forever. They are the miners and the transaction creators; they don’t care how high transaction fees go, because they receive as many fees as they pay.”
However, Andresen says that by 2100, even those users would likely leave the blockchain.
“In the year 2100 the whales notice that the mining reward is basically zero… Eventually, there are zero new BTC being produced on the BTC network, and zero BTC circulating on the BTC network. There is nothing left to secure, and the chain stops.”
Top Analyst Maps Bitcoin and Cardano Price Trajectories, Warns Best Entry Point for ADA May Be Gone
Top Analyst Maps Bitcoin and Cardano Price Trajectories, Warns Best Entry Point for ADA May Be Gone
Crypto trader Michaël van de Poppe is looking at what’s ahead for Bitcoin (BTC) and the smart contract platform Cardano (ADA).
The analyst tells his 420,000 Twitter followers that the best entry point for Cardano may be gone after the asset bounced off a key support level at $1.86.
“If you want to get into Cardano, this was the region where you would want to get into it, and the higher low that might be created.
So based on the daily timeframe, the best entry might be gone, but you’re still getting a better entry than the ones who have been buying around $2.80.”
Van de Poppe is now looking to see if ADA can turn resistance at the $2.37 level into support.
If the markets correct further, he is keeping an eye on the $2.15 level as a potential buy zone.
“When you’re looking at the four-hour time frame, I think you’re getting the exact same view as what you have right now on Bitcoin and [Ethereum], actually. So you’re going to look for an entry point which is around the fact of $2.15, so anything in this region might be a good entry point if we get a corrective move.”
Looking at the Bitcoin pair, van de Poppe thinks that ADA will most likely consolidate briefly after retesting support at its previous all-time high.
“We can see that we’ve had a beautiful retest of the previous high here too, and therefore some consolidation is most likely going to take place before we’re going to have new impulse waves.
So both the USDT and BTC pair are looking for continuation, and I think that’s just great, and I think that’s just what we want to see with the markets right now.”
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