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.
BitTorrent’s price today is $0.001094, with a 24-hour trading volume of $14,987. BTT is -16.85% in the last 24 hours. It is currently -39.74% from its 7-day all-time high of $0.001815, and 3.62% from its 7-day all-time low of $0.001056. BTT has a circulating supply of 990 B BTT.
BitTorrent said that under its planned redenomination of its token BTT it has 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. Along the way, we will take a look at BTT price analysis before we go into BTT price prediction.
BTT token is bought and spent by those who request data or wish to increase their download speed.
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What is BitTorrent cryptocurrency?
BitTorrent is a peer-to-peer file-sharing market platform that has become more decentralized in recent times. BitTorrent provides a market of the most extensive file-sharing protocol with more than 100 million users.
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 price right now is $ 0.002555 with a 24-hour trading volume of $ 143.62M, market cap of $ 2.53B, and market dominance of 0.12%. The BTT price increased 0.01%in the last 24 hours.
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’s current circulating supply is 990.00B BTT out of max supply of 990.00B BTT. In terms of market cap, BitTorrent is currently ranked 2 in the Tron Network sector.
History of BTT Price
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 the files on their computer. Providers who host a file split them into several pieces. Thus, if requesters wish to download the said file, they receive pieces of the same file from multiple providers.
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.
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.
In the third quarter, BTT plunged considerably to 0.001 USD 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.
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.
BTT’s Third Anniversary
The BitTorrent Token (BTT) is yet to celebrate its third birthday on January 20, 2022. Counting down events from the last year, the token team was able to deploy the world’s first decentralized live stream, the Dlive protocol.
Additionally, 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, as well as getting listed on BitPanda.
Besides, Kucoin also went on to list the BTT token in March of 2021. Well, there are lots of events to anticipate in 2022. First on the list being an announcement by Binance to support BTT’s token migration and redomination plan which is set out to take 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 adding more decentralization to the entertainment platform. The original founder of BitTorrent, Bram Cohen came up with the platform back in 2000. And since then, has been championing for files users to share files among themselves without breaking copyright laws.
BitTorrent Technical Analysis
The BitTorrent price analysis shows that the price of BTT/USD has followed a declining trend in the last 24 hours. The price has shifted towards an antagonistic movement, decreasing significantly, dropping from the $0.00000173 mark. The price appears to have experienced a big crash between May 8, 2022, and May 9, 2022, which caused the price to depreciate to $0.00000160 and declined further to $0.00000156 but continued to decline until it finally capped at $0.00000149. Moreover, the price has continued a declining movement today, on May 9, 2022. The current price of BTT is $0.00000149.
The cost of BTT has been down 7.42% in the last 24 hours, with a trading volume of $127,470,776—ranking #54 in the cryptocurrency ranking with a live market capital of $1,374,779,796.
The BitTorrent price analysis for 4-hours has revealed that market volatility shows increasing dynamics, making the market vulnerability a priority. As a result, the cryptocurrency’s price will become more sensitive to unpredictable and unstable surges of volatile change. The upper limit of the Bollinger’s band is present at $0.00000179, which acts as a strong resistance for BTT. Conversely, the Bollinger’s band limit’s lower limit is available at $0.00000152, representing another resistance point for BTT.
The BTT/USD price seems to be crossing under the Moving Average curve, indicating a bearish trend. Furthermore, the price path appears to be following a downward direction signifying a decreasing market. However, the market shows potential for further bullish opportunities as the market support breaks and shows reversal possibilities.
The BitTorrent price analysis reveals that the Relative Strength Index (RSI) is 32, representing an undervalued cryptocurrency; the value is present in the devalued region. Furthermore, the RSI appears to be following a downward approach that reflects the value of the cryptocurrency decreasing and the dominance of selling activity.
The BitTorrent price analysis for 1-day shows market volatility following an increasing direction. This means that BTT/USD prices subject to fluctuations will fluctuate in the same direction as volatility; more volatility means more probability of the price shifting to either extreme. The upper limit of the Bollinger’s band exists at $0.00000194, which acts as the strongest resistance for BTT. On the other hand, the lower limit of the Bollinger’s band is available at $0.00000155, representing another resistance point for BTT.
The BTT/USD price seems to be crossing under the Moving Average curve, indicating a bearish trend. Furthermore, we can observe the price path following a downwards movement which may show reversal possibilities. The price breaks the support band and opens the market to new possibilities.
The BitTorrent price analysis reveals that the Relative Strength Index (RSI) is 18, which means that the cryptocurrency shows severely undervalued signs. BitTorrent falls in the devalued region. The RSI follows a downwards movement that reflects a decreasing market. The selling activity has exceeded the buying activity causing the RSI score to decline. The price is expected to rise soon as the RSI has stayed below the undervalued threshold for a while, and change is inevitable.
BitTorrent Price Predictions 2022-2030
Long-term, Wallet Investor’s algorithm-based forecasting site predicted that BitTorrent’s price will decline over time, hitting $0.00000007 by this time next year. It predicted that the price of BTT coin will fall even lower to $0.00000036 by May 2027.
In their BitTorrent crypto price forecast, DigitalCoin predicted a rising trend, with the currency averaging $0.00235 in 2022, $0.0025 in 2023, and $0.0035 in 2025. The site predicted that the BTT coin price will average $0.0081 in 2030 based on historical data.
According to Price Prediction’s deep machine learning study, BTT might average $0.003 in 2022, $0.005 in 2023, and $0.01 in 2025. The BitTorrent crypto price forecast for 2030 was $0.058.
By the beginning of December 2025, the BitTorrent price is expected to hit $0.0000045. The maximum predicted price is $0.0000057, with the lowest expected price of $0.0000039. The price of BitTorrent is expected to be under $0.0000050 by the end of 2025.
Thanks to Justin Sun, BTT has a bright future, according to BitTorrent predictions. According to BTT price forecast for 2030, the token price may be damaged little, but bulls will return, and its price might surge to $0.067, enticing investors to acquire BitTorrent.
BitTorrent Price Prediction for 2022
According to the BitTorrent price forecast technical analysis, the BTT tokens price is likely to cross an average price level of $0.003 in 2022, with a minimum price value of $0.002 forecasted before the end of this year. Additionally, BTT has the potential to reach a high of $0.004.
BitTorrent Price Prediction for 2023
The BTT price is expected to cross an average price level of $0.005 in 2023, with a minimum value of $0.004, according to BTT price forecasting and analytics. Additionally, BTT has the potential to reach a high of $0.005.
BitTorrent Price Prediction for 2024
According to the forecasted price and technical analysis, the cost of BTT in 2024 is expected to exceed a minimum of $0.006. The BitTorrent price may reach a maximum of $0.008 with an average trading price of $0.007.
BitTorrent Price Prediction for 2025
The BTT price is expected to cross an average price level of $0.010 in 2025, with a minimum price value of $0.009, according to the BTT price projection.
Additionally, BTT has the potential to reach a high of $0.011.
BitTorrent Price Prediction for 2026
The BTT price is predicted to cross an average price level of $0.013 in 2026, according to the BitTorrent projection price and technical analysis, while the expected minimum price value of BitTorrent by the end of 2026 should be $0.013.
Furthermore, BTT’s maximum price is anticipated to be $0.016.
BitTorrent Price Prediction for 2027
BTT is expected to reach the $0.020 average in 2027, according to BitTorrent pricing research and technical analysis. Before the end of the year, BTT has the potential to get a high of $0.023.
On the other hand, unexpected events and swings might push the cryptocurrency’s minimum price to fall below $0.019.
BitTorrent Price Prediction for 2028
The BTT price is predicted to cross an average price level of $0.028 in 2028, according to the BitTorrent projection price and technical analysis, and the expected minimum price value of BitTorrent by the end of 2028 should be $0.027.
Furthermore, BTT is expected to have a maximum price of $0.034.
BitTorrent Price Prediction for 2029
According to BitTorrent projection price and technical analysis, the BTT price will cross an average price level of $0.040 in 2029, and the estimated minimum price value of BitTorrent by the end of 2028 should be $0.039.
BTT is also predicted to reach a maximum price of $0.046.
BitTorrent Price Prediction for 2030
According to the BitTorrent projection price and technical analysis, the BTT price is likely to cross an average price level of $0.058 in 2030, while the estimated minimum price value of BitTorrent is by the end of 2028 should be $0.057.
BTT is also projected to reach a maximum price of $0.069.
Experts believe that the price of BitTorrent might reach $0.000002 by December 2022. According to our methodology, the BitTorrent token price might reach $0.0000026 in 2023, $0.0000027 in 2024, and $0.000003 by the end of 2025. Long-term investors should expect big growth in 5 years as more investors in the crypto industry gain trust in the BTT token.
According to BTT pricing predictions for 2030, the average BitTorrent (BTT) price will be $0.0000081, with a maximum price of $0.0000086 projected. There is a potential that the price of BTT may drop below $0.0000075.
Regulations, competition, the advent of new technology, commerce, and market sentiments, among other variables, all contribute to the significant volatility of the cryptocurrency market. There are several cryptocurrency forecasts offered by skilled traders/enthusiasts or even digital currency predicting websites on how BitTorrent file system will perform in the future depending on the dangers involved. It won’t be long before its pricing outperforms in the next years, allowing it to grow its customer base. According to a fundamental and technical study by industry specialists, its engagement in numerous daring initiatives such as BitTorrent Web, BitTorrent Classic, and Bittorrent Android might assure its average price keeps up the momentum.
FAQs about BitTorrent
Is BitTorrent a good investment?
Yes, it is an excellent investment, according to BitTorrent token price predictions. BitTorrent is expected to grow in popularity and reach an average price of $0.000003 in 2024, making it a solid investment. The forecast remains true only if BTT continues to present a positive situation, making BTT a worthwhile investment.
Will BitTorrent coin reach $1 in 2025?
According to our BTT price projection, the average BitTorrent price will reach $0.0000036 by the end of 2025, with a maximum price of $0.0000038. According to current pricing trends, the BTT token may not reach $1 by 2025. It might take a few more years to reach $1.
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 BitTorrent?
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.