In this post, we will take a deeper look at BitTorrent price prediction to find out more about its investment opportunities in the future. If you are interested to know more about BitTorrent price prediction and whether BTT is a good investment or not? continue reading this post.
What is BitTorrent?
BitTorrent is a peer-to-peer file-sharing platform that has become more decentralized in recent times. BitTorrent provides a market of the largest file-sharing protocol with more than 100 million users. A distinguishing feature that stands out in this protocol is that it ensures liquidity and lightning-fast speed of transactions on the network.
BitTorrent was founded in July 2001 by Bram. BitTorrent was acquired by the Tron Foundation, developers of the Tron Blockchain, in 2019. The new ownership introduced BitTorrent to the crypto market to help develop BitTorrent protocol and boost the volume of users or traders on the network. Going by its market cap, it is one of the best gainers within this short time. TRON blockchain users can use BitTorrent coin (BTT) to play along with the files that content creators share on the network. BitTorrent is now known as one of the largest peer-to-peer projects that exist on the Blockchain.
The great asset of using the BitTorrent network is that the network rewards its users with BTT tokens by simply allowing seeding after every torrent file download. The best part is that all the reward tokens collected from the torrent file seeding will instantly be stored in the user’s wallet.
BTT is a TRC-10 utility token based on the TRON platform. It powers features of the most popular decentralized protocols and applications in the world. Dapps powered by BTT includes BitTorrent Speed, BitTorrent File System, DLive, and others in the network. The token aims to act as a transactional mechanism between service providers and BitTorrent users. The BitTorrent network was able to earn over 100 million users. All traders and investors interested in BTT tokens can get the tokens on different crypto exchanges such as Binance, KuCoin, OKEx, Bittrex, and Huobi to name a few.
Interestingly, BTT, the native token of BitTorrent was coined as the cryptocurrency of “Here and Now” to engulf markets with developers singing the saga of how it would transform the lookout for all those who still rely on fiat or other digital coins like Bitcoin, Ethereum, etc., conventionally.
A Review of BitTorrent Price History
Source: TradingBeasts (BTT Price History at a Glance)
The price journey of BTT was full of surprises. BTT started its voyage on the cryptocurrency market in 2019. In the first two days following its listing on CoinMarketCap on January 31, 2019, BTT traded at the price of around $0.0004 per token. The BTT maintained this bearish momentum for several months. Later, BTT recorded its ATH by reaching $0.001861 at the end of May. In October 2019, BTT was trading at $0.0005. Once again, the token experienced a major bearish trend until the end of the year. At the end of December 2019, BTT received sufficient support and traded at $0.0003.
Source: CoinMarketCap (BTT Price Performance in 2019)
BTT in 2020
BTT traded at $0.0002 at the start of January 2020. The BTT token rose to $0.0005 by mid-February. Later the token’s value shockingly declined further to $0.00013 to record its all-time low in March following the Covid-19 outbreak. Later, BTT started to rise significantly and touched the $0.0005 mark by August. The token experienced a major fall in value until the middle of December. At the end of 2020, BTT plummeted to trade at $0.0002.
BTT Price Movement in 2020
BTT in 2021
The BTT crypto was able to achieve an all-time-high price of $.01426 on April 05, 2021. This amazing performance of BTT enabled the network to attract the attention of crypto investors around the world. Since the start of 2021, BTT’s price has seen many bullish moves which are higher than the previous one. Today, BTT is still among the most aggressive cryptocurrencies. Currently, BitTorrent’s price is equal to $0.00422 on September 2, 2021. If you buy BitTorrent for 100 dollars today, you will get a total of 23681.25 BTT.
Source: WalletInvestor (BitTorrent Technical Analysis)
BitTorrent Price Prediction
There are some BitTorrent Price predictions provided by expert forecasting websites and agencies on how BitTorrent would perform in the future. But before diving into BitTorrent price prediction, please keep in mind that you should take these predictions with a pinch of salt as no predictions can be taken for granted.
Wallet Investor BitTorrent Price Prediction
According to the WalletInvestor forecast system, BTT is an awesome long-term (1-year) investment. Thus, if you are looking for virtual currencies with good returns, BTT can be a profitable investment option after Bitcoin cloud mining. Based on their forecasts, BitTorrent price prediction is bullish and long-term growth is likely to happen. BTT value prognosis for 2026-08-29 is 0.0233 Dollars. With a five-year investment, the revenue is projected to increase by 452.13%. Your current $100 investment may be up to $552.13 in 2026.
Source: WalletInvestor (Short-term BitTorrent Price Prediction for the Next Days and Weeks in 2021)
Long-term BitTorrent Price Prediction for 2022
As shown in the graphs above, WalletInvestor is highly optimistic concerning the future potential of BitTorrent. Since this virtual currency has a positive outlook they recommend it as a part of your investment portfolio. Thus, according to WalletInvestor, BitTorrent is a worthwhile investment.
TradingBeasts BitTorrent Price Prediction
TradingBeasts predicts that BTT will reach $0.0050804 by the beginning of September 2021. The expected maximum price is $0.0063506, and the minimum value is $0.0043184. The BitTorrent price prediction for the end of the month is $0.0050804.
The BitTorrent price prediction for December 2021 is $0.0051737. The expected maximum price is $0.0064671, and the minimum amount is $0.0043977. The BitTorrent price prediction for the end of the month is $0.0051737.
BitTorrent Price Prediction for 2021
According to the crypto forecast, the average BitTorrent price for January 2022 is $0.0034350. The expected maximum price is $0.0042937, and the minimum value is $0.0029197. The BitTorrent projection change for the end of the month is 42.45%.
Therefore, according to their forecasts, the BitTorrent price prediction is optimistic. Now, the BitTorrent price is $0.0042167, but by the end of 2021, the average BitTorrent price is expected to increase, reaching $0.0052029. This upward trend is likely to continue in 2022. Therefore, in their view, BTT is a good investment cryptocurrency and it has to be added to the investment portfolio.
Digital Coin Price BitTorrent Price Prediction
According to their predictions, BTT is likely to record tremendous growth and cross $0.0068031650 by the end of 2021.
Source: Digital Coin Price (BitTorrent price prediction from the year 2021 to 2028)
The platform predicts that BTT will be $0.0068031650 in 2021. Moreover, BTT’s predicted price will reach ($0.0074239130) in 2022, ($0.0098548391) in 2023, ($0.0115496778) in 2024, ($0.0130347688) in 2025, ($0.0156473984) in 2026, ($0.0174249505) in 2027, and finally ($0.0201729221) in 2028. Then, according to the data derived from Digital coin, the lowest price of WAVES in the future will be up to $0.0178218164, and its highest price in the future will be up to $0.0216827491. Therefore, BTT prices will increase according to their predicted data in the future.
Gov Capital BitTorrent Price prediction
According to their forecast, BitTorrent shows a rising tendency. With the help of an algorithm based on Deep Learning, Gov capital expects that BTT will be a good portfolio addition for the future. These predictions take several variables into account, including volume changes, price changes, market cycles, and similar coins. The future price of the BTT digital asset will be at $0.0084169179421122 (indicating a %99.453 increase) after a year according to their prediction system. This price growth means that if you invested $100 now, your current investment may be worth $199.453 on September 02, 2022. It also means that BTT can be a new addition to your portfolio as trading in bullish markets is always a lot easier.
Source: Gov Capital (One year BitTorrent price prediction)
Short-term BitTorrent Price Prediction
Coinpedia BitTorrent Price Prediction
In their viewpoint, BitTorrent is one of the most attractive altcoins out there, which offers investors a smooth entry into the booming crypto market. Moreover, it will continue to improve its platform’s overall performance, which will lead to a bigger market for its crypto. As per the Coinpedia experts, the BTT price will rise further and may hit $0.007 by the end of 2021.
Because of its increasing user base, BitTorrent shows great potential. It is also possible for BTT to climb over $0.01 in 2022. In light of these circumstances, the prices are inexorably rising. Therefore, this price increase makes sense.
Coinpedia explains that at present, BitTorrent is not officially recognized by BigTech and faces piracy issues. Nevertheless, looking at the way of development of their platform, leading OTT platforms may probably cooperate with BitTorrent in upcoming years as it ensures safety for its content. BTT might even also collaborate with Spotify. In five years, BitTorrent could trade at $1. Then, with certain price variations, BTT might reach newer heights and it may be a good investment. By the end of five years, BTT may trade at $5 to $10 in the future.
CryptoNewsZ BitTorrent Price Prediction
Due to the market’s completely unpredictable nature, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data-driven estimation. Predictions since then have started hovering towards optimism rather than pessimism. BitTorrent Price prediction for this whole year remains quite encouraging stating that it might rise to about $0.0055 in September and October and eventually to the $0.0061 level by end of 2021.
Despite it being too early to predict whether BTT will drop from its peak, what stays clear is there is light at the end of the tunnel no matter what. BitTorrent price prediction will continue to indicate a positive trend among the declining Pandemic scenario reaching the $0.0085-$0.0098 mark in 2022.
For BitTorrent price prediction for escalation, it is highly likely that the year 2022 or even the year 2023 will not be so favorable, given the fact that there are likely to be rivals catching up or market forces playing hide and seek. There is a predicted eventuality of the future price of BitTorrent experiencing a slight price drop to $0.0090 again.
Assuming that a jaw-dropping possibility does not exist and that bulls will ride the crypto market, it is once again expected that BitTorrent will rule the crypto kingdom with a price of $0.0105 in 2024. As shown in the BitTorrent price predictions at the end of 2021, BTT has full potential to not only sustain but also grow in adverse conditions.
If BitTorrent remains relevant and mass adoption picks up, this kind of optimistic expectation stems from two preconditions: 1) BTT continues to surpass expectations 2) Markets remain as favorable as always pushing the price upwards to $0.0125 in the next five years and making it an attractive investment.
Each crypto project offers its users a unique feature. BitTorrent is one of the recent cryptocurrencies established to provide a secure network that enhances the current function of the file-sharing protocol.
It has a successful price history and its increasing growth since the beginning of 2021 has attracted investors’ attention towards BTT crypto. Moreover, the optimistic price predictions and the overall positive market sentiments with BTT are good indications for BitTorrent holders and traders. Additionally, with ongoing developments happening within the BitTorrent ecosystem, as well as in the crypto market as a whole, we may see BTT reach new heights. In this regard, it might be a good investment option if you are planning for the long term.
However, the cryptocurrency market is highly volatile, and sudden price changes can happen in a matter of minutes due to factors like regulatory changes, competition, the emergence of new tech, and market sentiments, and so on. Because of this, investors had better follow the safe investing rule, and never invest more than they can afford to lose. Moreover, it is recommended that you add the BTT token to your watch list and check the related news and price predictions regularly.