- BitTorrent Overview
- BitTorrent (BTT): Salient Features
- BTT Price Prediction: Price History And Technical Analysis
- BTT Price Prediction: From Experts
- Is BitTorrent A Good Investment? When Can You Invest?
In 2021, BitTorrent (BTT) took the crypto world by storm and gave over 500% return on investment (ROI). As a result, it is one of the most dominating cryptocurrencies, achieving an all-time high price of $0.000003054 last January 18th, 2022, according to CoinMarketCap. Let’s check out what is waiting in the pipeline for this cryptocurrency in the future from our BTT Price Prediction.
The innovation and revolution of blockchain technology and cryptocurrency assure investors of a bright future. BitTorrent was launched back in January 2019 through the Binance Launchpad. BTT embeds features of the world’s most popular decentralized protocols and applications, being a TRC-10 utility token based on the TRON blockchain. At the time of its launch, it was used as an add-on for Bitcoin, and later, it developed in various stages. BitTorrent has gradually become more decentralized recently, and it is a peer-to-peer file-sharing market platform. BTT enables content creators and providers to connect and directly earn BTT tokens without any deduction from middle man or brokers with no censorship of content. BTT can be used as a payment method to get faster download speeds. On the other hand, traders and investors can stake their BTT tokens in a vast range of crypto platforms to earn more tokens while holding them.
|Price Change 24H||+3.20%|
|Price Change 7D||+13.05%|
|Circulating Supply||934,782,625,000,000 BTT|
|All Time High||$0.000003054|
|All Time Low||$0.0000009956|
BitTorrent (BTT): Salient Features
Supported by high bandwidth and a robust public blockchain platform, BitTorrent has addressed the accessibility issues by implementing a hybrid consensus mechanism. The mathematical consistency of the entire blockchain and the cryptographic method of BTT does not reveal the transaction details between the buyer and seller. Furthermore, BTT is developed by Zyro protocol which ensures security from end to end.
- BitTorrent (BTT) hosted a DApp known as the BitTorrent File System (BTFS 2.0) that will be the first scalable decentralized storage system to solve the problem with traditional file storage systems.
- BitTorrent deduces its value from a utility, technology, and technical capacity as its software executes all file sharing and downloading, and the entire operations are recorded on TRON.
- When a requester is paired with a provider, the TRON network creates a payment channel, and it then fixes and logs transactions after the payments are bundled and completed in batches.
- BitTorrent uses smart contracts technology to build decentralized applications and also accelerates speed.
- The delegated Proof of Stake (PoS) protocol protects the TRON network. The PoS was innovated to prevent rollbacks in the system while staking TRX.
BTT enhances its ecosystem and lowers the entry barrier for global investors. The coin is developing, and the developers launched its mainnet BitTorrent Chain last December. BTT now supports TRON, Ethereum, and Binance Smart Chain, and it is expected it will support more chains in the future.
BTT Price Prediction: Price History And Technical Analysis
BTT seems to be dominating in the future. BTT is currently trading at $0.0000009 with a circulating supply of 932,028.89B BTT. From the beginning of this year, BTT has traded lower till now with few in-between spikes. On January 18th, the price of the BitTorrent token was trading above $0.0000030. However, after that, it countered a rejection and fell to the bottom of $0.0000009956 in the last month. After hitting $0.0000017, the BTT price showed a moderate recovery, but it couldn’t manage to sustain the $0.0000017 level.
Due to the market crash, the current price fluctuation indicates mixed market sentiments. The MACD line indicates a positive momentum, whereas RSI signals a bearish momentum in the future. BTT might run along with the bulls if it hits the $0.00000118 resistance level and moves higher to the $0.00000229 resistance level, which is a 2022 bullish signal. Conversely, it may profoundly fall to $0.0000005 if it breaks the support level at $0.0000008.
By the end of 2022, BTT can touch $0.00000231 if the market becomes favorable before the end of this year. By the end of 2025, the minimum price of the coin is predicted to be $0.00000704.
By the end of this decade, if everything goes smoothly, it is expected that the coin will have a minimum price of $0.00003044 and a maximum price of $0.00003665.
BTT Price Prediction: From Experts
According to Wallet Investor’s forecast, BTT can be a bad, high-risk 1-year investment option if you want virtual currencies with good returns. BitTorrent’s price is at $0.0000009, and your current investment may be devalued in the future.
Trading Beast forecasts that the BitTorrent (BTT) price is forecasted to reach $0.0000010 by the beginning of December 2025. The expected maximum price is $0.0000018, and the minimum price is $0.0000012. By the end of 2025, The BitTorrent price prediction might be around $0.0000014.
According to Price Prediction, BTT has a promising future if we observe the BitTorrent prediction. As per BTT price prediction 2030, the token price may get partially impacted, but bulls will be back, and its price may skyrocket to $0.0000533, making a good return for investors.
Is BitTorrent A Good Investment? When Can You Invest?
No! There are many other cryptocurrencies with high return and stability in the future than BitTorrent. However, it may be a good investment if the above prediction holds and BTT shows an optimistic scenario. However, it is advised to invest in this coin for $0.0000005.
BitTorrent is one of the favorite altcoins in the crypto market. The coin has actual use cases, and we expect high returns on this coin based on its developments. Our BitTorrent price prediction says BTT is a good investment option. Remember that all cryptocurrencies are highly volatile and can change their price direction at any time. Before making any investment decision, conduct experts’ opinions and do your own research.