BitTorrent Price Prediction 2024, 2025, 2030: Will BTT Price Record 3X Surge This Year?
The post BitTorrent Price Prediction 2024, 2025, 2030: Will BTT Price Record 3X Surge This Year? appeared first on Coinpedia Fintech News
Story Highlights
The live price of the BitTorrent token is $ 0.00000121
BTT price could potentially trade as high as $0.00000242 by the end of 2024.
BitTorrent price with a potential surge could go as high as $0.0000138 by the end of 2030.
Every single project in the crypto sphere offers a unique blend of features to its users. BitTorrent is one of the emerging cryptocurrency projects, which was established to provide a secure network. That extends its services as a file-sharing platform, which has been the primary motive of the firm.
BitTorrent has caught the attention of savvies from the business, with the launch of its native token “BTT” on the mainnet. And the much-talked-about token denomination. Puzzled by the talks around BitTorrent (BTT) and token denomination? Join in as we discuss BTT’s, token denomination, and the price prediction of BTT for 2024 and the years to come.
Table of contentsStory HighlightsOverviewHistorical Analysis of BitTorrent PriceFactors Influencing BTT PriceBitTorrent Price Prediction June 2024BTT Price Prediction 2024BitTorrent Price Prediction 2024 – 2030BitTorrent Price Prediction 2025BitTorrent Price Forecast 2026BTT price prediction 2027BitTorrent Prediction 2028BTT coin price prediction 2029BitTorrent Price Prediction 2030What Does The Market Say?CoinPedia’s BTT Price PredictionFundamental AnalysisWhat Is BitTorrent (BTT)?Final ThoughtsFAQs
Overview
CryptocurrencyBitTorrent (New)TokenBTTPrice $ 0.00000121 2.21% Market cap $ 1,173,797,872.6431Circulating Supply 968,246,428,571,000.0000Trading Volume $ 23,713,070.4847All-time high $0.000003054 on 18th Jaunary 2022All-time low $0.000000367 on 13th October 202324 High $ 0.000024 Low $ 0.0000
Historical Analysis of BitTorrent Price
Since 2020, BTT crypto has experienced significant price volatility, with the market showing uncertainty. The price dropped to lows of $0.0001 in 2020 but recovered well in 2021, reaching highs of $0.007 amidst the overall crypto bull run.
However, in 2022, this altcoin saw another downtrend, with its price fluctuating between $0.002 and $0.003. The performance was mainly influenced by the broader crypto market movements, BTT’s trading volume, updates regarding BitTorrent Speed, and developments on the Tron network.
While the bear market dampened sentiment in 2022, the completion of major project milestones and integration of BTT can boost optimism if the market turns bullish again in 2024.
Factors Influencing BTT Price
Several macro and micro factors affect the price of BTT token. The overall cryptocurrency market condition plays a significant role in determining BTT’s price.
Market Sentiment: Crypto market trends strongly influence BTT. In bull cycles, BTT gains sharply but sees steep declines in bear phases. Events impacting Bitcoin, like halving, also impact BTT.
BitTorrent Adoption: Wider adoption and integration of BitTorrent into platforms expands its user base, raising demand for BTT for network transactions.
BTT Utility: BTT is used for faster downloads and lower transaction fees within BitTorrent, so it adds to its value proposition. Future upgrades enhancing its utility can boost prospects.
Regulations: The regulatory environment remains a sensitive factor. Supportive regulations on blockchain and cryptocurrency innovation help, while restrictive regulations may spark downtrends.
Historical Events: Occurrences like bitcoin halving, which cause bull/bear cycles in crypto markets, also impact BTT price movements in the short to medium term.
BitTorrent Price Prediction June 2024
After recording a correction of 7.59% over the past week, the BTT crypto has successfully regained momentum and has recorded a jump of 5.81% within the past day with a change of +28.68% in its trading volume. Further, this Tron-based altcoin has experienced 3 positive trading days this week, highlighting an increase in the bullish sentiment.
TradingView: BTT/USDT
The technical indicator, SMA, records a high possibility of a bullish convergence in the 1D time frame, indicating increased price action for the BTT crypto in the market.
On the other hand, the Relative Strength Index (RSI) has displayed a sharp rise below the oversold range with its average successfully recording a positive crossover. This highlights a rising interest of investors in this altcoin.
If the market pushes the BitTorrent price above the resistance level of $0.000000980, the bulls will continue to gain momentum. This could result in the BTT coin price testing its upper resistance level of $0.00000119 in the coming time. Conversely, a bearish reversal could pull the altcoin toward its crucial support level of $0.0000007695.
BTT Price Prediction 2024
With the Bitcoin Halving around the corner, if the BitTorrent project crew employs initiatives to garner the interest of marketers, this may result in the BTT coin price experiencing a massive uptrend during the upcoming months. Further, if the bulls continue to trade under a bullish influence and record higher trading volumes, the BitTorrent price could propel to a maximum of $0.00000242 by the end of 2024.
On the contrary, ebbing volumes coming from negative price action and increased crypto regulations could slump the BTT price toward the low of $0.00000106. With this, the altcoin could conclude the year with an average trading price of $0.00000174.
BitTorrent Price Prediction 2024 – 2030
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20240.000001060.000001740.0000024220250.000002000.000003060.0000041220260.000003230.000004660.0000060920270.000004350.000006110.0000078820280.000005560.000007560.0000095620290.000006360.000009430.000012520300.000007500.00001060.0000138
BitTorrent’s price for 2024 could range from $0.00000106 to $0.00000242.
BitTorrent Price Prediction 2025
Over the next 3 years, the price of BTT crypto could thrive higher. With impetus coming in from the efforts of the new developers and community investors. The digital asset would receive further support from its growing user base, file-sharing tech, and dlive, amongst others.
The impetus could drive the price to its potential high of $0.00000412. That said, regular trade pressures and the dominance of hodlers could limit the price to average levels of $0.00000200. On the contrary, if the digital asset fails to support its stance in the business it could settle at $0.00000306.
BitTorrent Price Forecast 2026
According to our analysts, BTT coin price prediction for the year 2026 could range between $0.00000323 to $0.00000609. With this, the average price of BitTorrent could be around $0.00000466.
BTT price prediction 2027
According to our analysts, BitTorrent price for the year 2027 could range between $0.00000435 to $0.00000788, with the average trading price of BTT could be around $0.00000611.
BitTorrent Prediction 2028
According to our analysts, BTT crypto prediction for the year 2028 could range between $0.00000556 to $0.00000956, and the average BitTorrent coin price could be around $0.00000756.
BTT coin price prediction 2029
According to our analysts, BitTorrent’s forecast for the year 2029 could range between $0.00000636 to $0.0000125, and the average BTT coin price could be around $0.00000943.
BitTorrent Price Prediction 2030
According to our analysts, BTT predictions for the year 2030 could range between $0.00000750 to $0.0000138, and the average BitTorrent crypto price could be around $0.0000106.
Also Check Out The: March 2024 Crypto Adoption Report: Global Trends, Top Nations, and Regulatory Insights
What Does The Market Say?
Firm Name202420252030Wallet Investor$0.00000010$0.000000158–priceprediction.net$0.000003$0.000004$0.000025DigitalCoinPrice$0.00000183$0.00000262$0.00000777
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
CoinPedia’s BTT Price Prediction
According to CoinPedia’s Bittorent price prediction, if the network continues to work concerning enhanced security. BitTorrent file system, and speed then the price may witness an intense rally.
Moreover, the recent redenomination of the digital asset could also play as a stimulant to the rally. That said, the digital asset could close the trade for 2024 at $0.00000242.
Whilst routine trade pressures could settle the BTT price at average levels of $0.00000174. If the protocol fails to stand to its expectations, the bears could take the price down to $0.00000106.
Fundamental Analysis
BitTorrent was created by a developer and entrepreneur Bram Cohen. The founder developed the project to depose the dated entertainment space which made getting material slow and expensive. BitTorrent is supported and runs with a high-bandwidth blockchain. The platform is based on cryptographic methods, which are dependent on “zero-disclosure” evidence.
The project went live on Tron mainnet in January 2019. BitTorrent enabled users to utilize tokens in the BitTorrent speed application to boost download speed in July 2019. BitTorrent’s decentralized file-sharing protocol BTFS, was launched in October 2019.
Fast forward to the 12th of December 2021, BitTorrent Chain (BTTC) went live on the mainnet. BTTC is the first heterogeneous cross-chain interoperability protocol, which adopts PoS. And employs side chains for scaling smart contracts. The makers have implemented the redenomination of BTT tokens, whilst maintaining the previous market capitalization.
The old BTT tokens (BTTOLD) have been swapped with new BTT tokens at a ratio of 1:1000. That said, the total supply of BTT tokens has spiked from 990,000,000,000 to 990,000,000,000,000. The move comes to counter the low total supply of BTTOLD and the inherent problems associated with the same.
What Is BitTorrent (BTT)?
BitTorrent is a p2p file-sharing platform that has become more decentralized in recent times. Founded by Bram Cohen in July 2001, BitTorrent was bought by the TRON platform in July 2018. Thereafter, the BTT network has been upgraded with additional tools with a dedicated native currency BitTorrent Token (BTT).
BTT is a TRC-20 utility token, which is based on the Tron blockchain, that powers popular dApps and projects. Decentralized applications such as BitTorrent speed, BitTorrent file system, and Dlive are all powered by the BTT token.
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!
Final Thoughts
This analysis of BTT’s historical price performance and various influencing factors provided meaningful insights. While crypto market sentiment and bitcoin events hold short-term sway, BTT’s success depends significantly on growing its use within BitTorrent and as a token with distinct utility. After two lackluster years, 2024 seems ideal for a turnaround if bullish trends emerge. The upcoming year could witness positive developments like more comprehensive mainstream access through integrations and product evolution.
While no one can predict prices with certainty, BTT exploding in 2024 seems plausible if these conditions are met. Investors may consider gradual accumulation and holding for at least 18 months to benefit from potential longer-term gains. For stakeholders, the focus must remain on strengthening BTT’s value proposition, fostering partnerships, and developing innovative solutions to enrich user experience over time. This will be integral to supporting BTT at higher levels on a sustained basis
FAQs
Can BTT be a profitable investment in the long term? Yes, the BTT project can be a profitable investment in the long term, considering the major initiatives taken by the makers. How high could BTT trade by the end of 2024? As per CoinPedia’s BitTorrent price prediction, the BTT price could potentially trade as high as $0.00000242 by the end of 2024. Where can I buy BTT? BTT tokens are available for trade across prominent cryptocurrency exchange platforms such as Binance, Okex, Huobi, Bitfinex, KuCoin, and Bithumb, amongst others. What could be the average closing price of BTT by the end of 2025? BTT coin could close its trade with an average price tag of $0.00000412 by the end of 2025. With a potential surge, the price of BitTorrent may go as high as $0.0000138 by the end of 2030. How much is 1 BitTorrent worth? At the time of writing, the price of 1 BTT token was $0.0000009147.
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