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BitTorrent Price Prediction, How High Will BTT Price Be In 2021?

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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.

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Overview

CryptocurrencyBitTorrent
TokenBTT
Price$ 0.0040
Market cap$ 2,656,217,895.0000
Circulating Supply$ 659,071,882,049.0000
Trading Volume $ 243,544,191.0000
All time high$ 0.0136     April 5, 2021
All time low$ 0.0001     March 13, 2020

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. 

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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?

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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.

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Market Price Prediction For BTT

  • WalletInvestor

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. 

  • Captainaltcoin.com

According to captainaltcoin.com, BTT will get to the mark of $0.02 – $0.20 per token by 5 years.

  • TradingBeasts

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.

  • DigitalCoinPrice

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

  • CryptocurrencyPricePrediction.com

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

2019

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. 

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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. 

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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. 

 2020

 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.

FAQ

How high can BTT go?

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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?

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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.

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Executives From Coinbase and Other Crypto Firms To Testify at Hearing on Digital Assets in News Source

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Executives from the top crypto firms in the US will be testifying in an upcoming hearing on digital assets to the House Committee on Financial Services, led by Congresswoman Maxine Waters.

In a statement, Waters names six executives in the digital asset space who will testify at the hearing on December 8th.

The names include:

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  • Jeremy Allaire, co-founder, chairman and CEO of blockchain-focused financial services firm Circle
  • Samuel Bankman-Fried, CEO and founder of crypto derivatives exchange FTX
  • Brian P. Brooks, CEO of full-service blockchain tech firm Bitfury Group
  • Charles Cascarilla, CEO and co-founder of blockchain infrastructure firm Paxos Trust Company
  • Denelle Dixon, CEO and executive director of non-profit organization Stellar Development Foundation
  • Alesia Jeanne Haas, CFO of popular crypto company Coinbase Global Inc.

The hearing is entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”

In an interview with CNBC, Bitfury CEO Brian Brooks says that one of the things he hopes is discussed at the hearing is the lack of clarity behind the issuance of stablecoins.

“First of all, are we or are we not going to resolve some of the contradictions in US crypto policy?

Just to give you an example of that, we’ve got an administration that is taking the position that only banks should be able to issue stablecoins.

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But it seems like the posture of the administration is also that companies that issue stablecoins can’t be banks, so my hope is we’ll talk a little about how do we resolve these Kafkaesque contradictions.”

Brooks also mentions that he hopes Bitcoin (BTC) and crypto mining can be sold as something that can be a part of an environmentally sustainable future, rather than an obstacle to it.

The hearing can be watched live, here.

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BitTorrent Token Surges as Mainnet Launch Date Gets Confirmed

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The file sharing token bittorrent (BTT) surged higher in the crypto market today, following the news that the mainnet of its own BitTorrent Chain will be launched on December 12, along with a redenomination of all circulating tokens.

At the time of writing (10:00 UTC), BTT traded at USD 0.003947, up a whopping 67% for the past 24 hours. The strong gains positioned BTT as today’s second-best performing token among the top 100 coins by market capitalization, behind only the game-like decentralized finance (DeFi) token SPELL.

BTT price last 14 days:

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Source: CoinGecko

The price gains today came with sharply rising trading volumes across exchanges. As of press time, the 24-hour trading volume for BTT stood as USD 2.6bn, representing more than a tripling from USD 712m yesterday.

Upbit was the most active exchange for trading in the token, followed by Binance.

According to an announcement from BitTorrent Inc. – the company behind the token – the new BitTorrent Chain, shortened BTTC, will become a “heterogeneous cross-chain interoperability protocol” that leverages various sidechains for improved scaling of smart contracts.

The new blockchain will be based on the Proof-of-Stake consensus mechanism, and is said to enable interoperability between Ethereum (ETH), Tron (TRX) and Binance Smart Chain (BSC), with more chains to be supported in the future.

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At the same time, the announcement said that old BTT tokens starting from the same date will be exchangeable for new ones at a rate of 1:1,000. Accordingly, the total supply of tokens will also be increased from the current 990bn to 990trn, while the total market capitalization will remain the same.

Once the new mainnet is live, BitTorrent Inc. says use cases for its BTT token will include staking in return for rewards, participation in governance over the protocol, and payment of gas fees for token transfers on the BTTC blockchain.

At press time, BTT is ranked as the 51st most valuable cryptoasset, with a total market capitalization of USD 3.465bn, per CoinGecko.

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The token, which originally was built on the Tron blockchain, is intended to be used as an incentive for users of the file sharing clients BitTorret and µTorrent, for example as payment in exchange for faster download speeds between users.

The developer behind the two mentioned software clients, BitTorrent Inc., is a US-based company founded all the way back in 2004. BitTorrent / µTorrent today represent major peer-to-peer network for decentralized file sharing. It has an active user base of more than 90m people globally, according to the company.

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BitMart CEO Addresses Hacking Concerns, BitMart Keeps Top 30 Rank

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  • BitMart CEO addressed hacking concerns via tweet.
  • BitMart remains one of the top 30 exchanges.

Crypto hacking is one of the common cyber threats that the crypto world has endured in the past years. In fact, hacking is a word that is not new anymore in the crypto world. For example, these past days, unknown hackers have successfully penetrated the blockchain of the BitMart exchange. As a result, the exchange lost more than $150 million worth of digital currencies such as ETH and BSC tokens.

The incident came as a shock to the BitMart community, especially the holders of the affected tokens that were stolen. Also, this event spread like wildfire in the crypto space and gathered different opinions. This made the CEO of BitMart, Sheldon Xia react in a tweet post:

The tweet explains how the BitMart company plans to compensate its losses for the hacking incident. Furthermore, Sheldon Xia also stated that they are creating multiple teams to work on a project that will ensure the protection of its users. Indeed, this tweet made by the exchange CEO addressed the incident and provided peace of mind to its investors and traders.

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On the other hand, despite the hacking event, BitMart remains one of the top 30 crypto exchanges in CoinGecko. The exchange ranks along with the biggest exchanges such as Bithumb and KuCoin, to name some. With this, we can say that BitMart remains competitive in spite of the hacking challenges it faced lately.

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