- Bullish BTT price prediction ranges from $0.00400425 to $0.01034257
- Bullish BTT price prediction ranges from $0.00400425 to $0.01034257
- BTT bearish market price prediction for 2022 is $0.00027966.
This BitTorrent (BTT) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our BTT price analysis and prediction.
BitTorrent (BTT) is one of the most active cryptocurrencies that took the crypto world by storm after it gave over 500% return on investment (ROI) in 2021. To be specific, the crypto was able to achieve an all-time-high price of $0.0142 last April 05, 2021. This amazing performance of BTT enables the network to attract crypto investors around the world.
Furthermore, aside from its aggressive performance last year, BTT enables its users to earn more BTT tokens. In particular, the network rewards its users with BTT tokens by simply allowing seeding after every torrent file download. Best of all, all the reward tokens earned from the torrent file seeding will automatically be stored in the user’s wallet.
In this BTT price analysis and price prediction, we take a look at the performance of BTT if it will reach $0.007. But before that, let us learn more about what BitTorrent (BTT) is and its current position in the crypto market.
What is BitTorrent Token (BTT)?
BitTorrent Token (BTT) is a TRON TRC-10 cryptocurrency launched by BitTorrent Inc through Binance Launchpad in January 2019. It aims to act as a transactional mechanism between service providers and BitTorrent clients. With the combined blockchain technology of TRON and BitTorrent, BTT was able to surge its token mass adoption. As a result, the BTT network was able to earn over 100 million users.
The BTT network, together with TRON, shared a vision of decentralized internet without barriers. This vision enables content creators and providers to connect and directly earn BTT tokens without any deduction from middle man or brokers with no censorship of contents.
For all the traders and investors that are interested in BTT tokens, the tokens can be bought in different crypto exchanges. For example, Binance, KuCoin, OKEx, Bittrex, and Huobi Global, to name a few. Its most active exchange with highest volume of trade is Pancakeswap.
Regarding the BTT token, the crypto can be used as a payment to get faster download speeds. On the other hand, traders and investors can stake their BTT tokens in various crypto platforms to earn more tokens while holding the token.
BitTorrent (BTT) Technical Data
Since BitTorrent was founded in September 2004 before it was bought in June 2018 by Tron founder Justin Sun it has continued to add more technologies to its ecosystem. Specifically, BitTorrent unveiled the world’s first decentralized Livestream Protocol called ‘DLive Protocol’. In light of its line of innovations, on October 30, 2021, BitTorrent announced the launch of the BitTorrent Chain (BTTC) test network. To note, BTTC is the first heterogeneous cross-chain interoperability protocol in the industry.
To that end, let’s take a look at some of the technical guidelines on how the BitTorrent system works.
- To solve the problem with traditional file storage systems, BitTorrent (BTT) hosted another DApp known as the BitTorrent File System (BTFS 2.0) that will be the first scalable decentralized storage system.
- BitTorrent deduces its value from a utility, technology, and technical capacity. On the BitTorrent software, all file sharing and downloading are executed. All the same, the entire operations are recorded on the TRON blockchain.
- The TRON network creates a payment channel for whenever a requester is paired with a provider. TRON then fixes and logs transactions after the payments are bundled and completed in batches.
- BitTorrent uses smart contracts to build decentralized applications and also aid in speed.
- The TRON network is secured through the Delegated Proof of Stake protocol. The PoS was developed to prevent rollbacks in the system when staking TRX.
BitTorrent (BTT) Current Market Status
BTT remains to be one of the most aggressive cryptocurrencies nowadays. According to CoinMarketCap, the BTT price is $0.002493. Notably, BTT was able to record a price reduction by 5.25% in the last 24 hours. With the recent news that over 46% of its 990 billion total supply had been burned, more investors could be attracted since the volume in circulation is been reduced.
In terms of its market standing, BTT market capitalization amounts to almost $2,463,553,826 with a 24-hour trading volume of $3,321,129. As a result, the crypto ranks as one of the top 50 cryptocurrencies in CoinMarketCap. With all these achievements, we can say that BTT has come a long way in developing its technology throughout the years.
Now that you already have an idea about what BTT cryptocurrency is, do you think BTT is a good investment this year? If you are already excited to know, come, and together let us check this BTT price analysis and price prediction article.
BitTorrent (BTT) Price Analysis 2022
So far, BTT has been defending its market position well against the bearish market wild volatility. Is it enough to convince the global investors that BTT can rise and be profitable crypto this year?
Are you already interested to know? Therefore, what are you waiting for? Join me and together, let us see the charts in this CoinQuora price analysis.
From the Keltner Channel signals for 1Day BTT above, it could be seen that the next price surge is imminent since the bottom curve is already touching the last candlestick. This shows that the present decrease in the price of BitTorrent (BTT) is coming to an end and a bullish run is on the horizon.
The Relative Strength Index of Ripple (XRP) chart of XRP is at 31.31 which shows that it is approaching the undervalued or oversold value of 30, which is usually approached before a reversal in price that leads to an uptrend.
From the Moving Average (MA) 100-day and 50-day chart for BTT, we can observe that both curves are above the last candle stick that was formed, while the 50-day MA is below the 100-day MA. This is a sign that the market would be bullish for long-term investors.
BitTorrent (BTT) Price Prediction 2022
BitTorrent had been able to move from behind to the present position as the 47th cryptocurrency in CoinMarketCap due to the positive sentiment towards it and the investors interest. However, let’s see if 2022 would be bullish for its holders?
Conversely, if the investors go bullish in the crypto, the bulls might take over and enthrone BTT to an uptrend position. In simpler terms, the price of XRP might plummet to almost $0.00027966, a bearish signal.
Meanwhile, our long-term BTT price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) of $0.01426 this year. However, that will only happen if it breaks many previous psychological resistances it attained the previous years.
Also, it be seen that once this present bearish trend is maintained to a point on or close to support1 level and reversed, a double bottom could be formed as seen in the two arrows in the chart. If this happens, it should be expected that the price of BTT would get to at least Resistance5 which would give the buyers at that point close to 70% profit.
However, BTT could reverse and trade between the reistance4 price of $0.00400425 and the resistance price of $0.01034257 soon.
BitTorrent (BTT) Price Prediction 2023
The price of BTT can move even great heights, however reaching $0.025. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency BTT breaks past the psychological resistance level.
BitTorrent (BTT) Price Prediction 2024
As per the latest upgrades, developments, BTT price prediction, and new project forecasts of the platform. Moreover, this might boost the price of BTT in the crypto market, and it will be the best investment as the price can spike and reach around $0.045.
BitTorrent (BTT) Price Prediction 2025
As per the latest upgrades, developments, BTT price prediction, and new project forecasts of the platform. Moreover, this might boost the price of BTT in the crypto market, and it will be the best investment as the price can spike and reach around $0.045.
BitTorrent (BTT) Price Prediction 2026
In the next five years, the price of BTT could get to $0.1 since its recent of over 500% yield in 2021 would make it possible if sustained.
Conclusion
With the continued strong marketing approach, we can say that BitTorrent has a bright future in 2022. Bullish BTT price prediction 2022 ranges from $0.00400425 to $0.01034257. As said above, it may even reach $0.02 if investors have decided that BTT is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
With BitTorrent showing so much promise, BTT can be a great investment compared to other tokens in the crypto space, but only if invested at the right time with the right price measure as per our BitTorrent price prediction.
FAQ
BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become highly decentralized in recent years. BTT was purchased by blockchain platform TRON in July 2018.
The use of the BitTorrent protocol for sharing of copyrighted content generated a different type of novel legal issues. While the technology and related platforms are legal in many jurisdictions, law enforcement and prosecutorial agencies are aiming to address this avenue of copyright infringement.
BitTorrent’s native asset BTT is a good investment in 2022. However, crypto traders and investors need to take extra care when trading in cryptocurrencies, as these are extremely volatile.
To answer the question, Yes, BTT may reach $1 in the years to come but not now. In order to do that BTT must be able to increase its market capitalization and continue to burn its tokens.
BTT is a good investment depending on how you see it. For example, for the people that frequently use µTorrent and µTorrent classic, this platform truly benefits them.
The tokens can be bought in different cryptocurrency exchanges. For example, Binance, KuCoin, OKEx, Bittrex, and Huobi to name a few.
BitTorrent (BTT) price is expected to reach $0.02 by 2022.
BitTorrent (BTT) price is expected to reach $0.025 by 2023.
BitTorrent (BTT) price is expected to reach $0.045 by 2024.
BitTorrent (BTT) price is expected to reach $0.07 by 2025.
BitTorrent (BTT) price is expected to hit $0.1.
BitTorrent (BTT) Coin was created In January 2019.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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