BitTorrent (BTT) Price Prediction 2022-2025: How high can BTT go?

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.

The live 0x price today is $0.469970 USD with a 24-hour trading volume of $40,286,655 USD.  0x is down 5.28% in the last 24 hours. The current CoinMarketCap ranking is #136, with a live market cap of $398,297,602 USD. It has a circulating supply of 847,496,055 ZRX coins and a max. supply of 1,000,000,000 ZRX coins.

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.

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 Overview

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.

Source: WalletInvestor

BTT Price History

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. 

2019

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. 

2020 

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 Price Predictions by Authority Sites

The cryptocurrency market is highly volatile, and significant changes can happen within minutes due to factors like regulations, competition, the emergence of new tech, trade, market sentiments, and so on.

However, some cryptocurrency predictions are given by expert traders/enthusiasts or even forecasting websites for digital currencies on how BitTorrent would perform in the future based on the risks involved.

Its involvement in various adventurous projects like BitTorrent Web, BitTorrent Classic, and Bittorrent Android could ensure its value keeps up the momentum as per industry experts’ fundamental and technical analysis.

The BitTorrent BTT price prediction is forecasted to be at 0.0076 USD by Nov 2022. In 5 years, the price will reach $0.02097.  If you buy BitTorrent for 100 dollars today, you will get a total of 35572.63 BTT. Based on WalletInvestor forecasts, a long-term increase is expected, maxing at $0.0180 US Dollars by end of December 2026. With a 5-year investment, the revenue is expected to be around +540.57%. Your current $100 investment may be up to $640.57 in 2027.

Trading Beasts predict a bullish market for BTT but the price trend will not be as steep as predicted by Wallet Investor, The BitTorrent price prediction for the end of the month is $0.0034235. The BitTorrent price is forecasted to reach $0.0034235 by the beginning of February 2022. The expected maximum price is $0.0042794, minimum price $0.0029100. The price will be doubled and surpass that at the start of 2025. The price increase will be almost.

The BTT price will start slow from 2022 with $0.0052160686 and rise to $0.0056920037 in 2023. Barring any randomness, the previous year’s bullishness will continue through the years. BTT is predicted to reach its all-time high in 2028 with $0.0154668227. The graphical representation of the bullish trend is presented below.

The BitTorrent price projection for this whole year remains quite encouraging, stating that it might jump to about $0.0055 in September and October and straight to the $0.0061 mark by the end of the year.

BTT price prediction by Cryptopolitan

BitTorrent Price Prediction 2022

The BitTorrent price forecast will indicate a positive trend among the receding Pandemic scenario, touching the $0.0058-$0.0055 mark. According to CoinCodex current BitTorrent price prediction, the value of BitTorrent will rise by 22.68% and reach $ 0.003026 by January 16, 2022. According to their technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing Extreme Fear. BitTorrent recorded 15/30 (50%) green days with 4.88% price volatility over the last 30 days. Based on their BitTorrent forecast, it’s now a bad time to buy BitTorrent.

BitTorrent forecast 2023

There is a predicted eventuality of the future price of BitTorrent, incurring a slight price drop between $0.008-0.0081 again.

BitTorrent Price Prediction 2024

BitTorrent will rule the crypto kingdom with a performance of price pegged between $0.0098-$0.010. 

BitTorrent price Prediction 2025

Suppose the project BitTorrent stands the test of time and mass adoption. In that case, the price of BitTorrent will continue to surpass expectations, and a favorable Market will push the price upwards between $0.0086-$0.0094.

FAQs about BTT

How high can BTT go?

BTT’s current price is 0.0024. However, just like the projection for bitcoin price prediction, BitTorrent may reach up to $1 in the future. Its trading volume will be compared with XRP price value in the future at its current growth rate. 

Is BitTorrent a good investment?

Yes, it might be a good investment if you plan for the long term. However, it is also a profitable investment in a short time.

Is BTT worth buying?

BTT is one of the cryptocurrency good projects by TRON that has moderate liquidity. The price action indicates it is a profitable investment. However, it’s best to trade with caution.

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.