This BitTorrent coin price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of BTT has the potential to rise by over 100% between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy BTT.
“Blockchain could change our world more than people imagine”.– Jack Ma, Founder of Alibaba
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News about BitTorrent coin
- TRON officially launches cross-chain scaling solution BitTorrent Chain (BTTC)
- BitTorrent Announces First Three Winners Leading Up to 10 Million BTT Grand Prize
If you’re well-versed in the online world, you’re likely aware of the renowned peer-to-peer file-sharing platform known as BitTorrent. Free from censorship, this is a platform that allows its users to send and receive files ranging from movies to games. It was founded a few years before the creation of Bitcoin, but it was only a matter of time before it utilized the advantages of blockchain technology.
BitTorrent recently released its own crypto token called BTT with the overall goal of improving the utility and efficiency of the platform. As well as developing a positive price history, the BitTorrent Coin proved itself to have real-world value, leading to an abundance of new investors from all over the world.
But are you wondering if it’s too late to start investing in BitTorrent Coin? You’re not alone, many people are curious about whether investing in BTT now is a good idea. I was one of those people until I began to use a range of factors to research the future price of BitTorrent Coin such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in BTT. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our BitTorrent Coin price prediction aims to answer all. But first, let’s start with just what BTT actually is and how it works.
What is BitTorrent Coin?
In 2018, the CEO of the Tron Foundation Justin Sun was eyeing up BitTorrent. He had goals to connect it to the TRON blockchain and allow for the creation of the BitTorrent coin. Sun Acquired BitTorrent that year and soon began achieving his aims.
The BTT token was created alongside the newly decentralized BitTorrent platform. The latter continued to fulfill its original role of being a peer-to-peer (P2P) file-sharing platform used to transfer files such as movies, music, games, and software, but it now had all the benefits of decentralization.
The BTT coin played a major role in the new BitTorrent protocol to reward creators and increase resources. Historically, many users of BitTorrent collectively complained about the slow download speeds of the platform. By holding and spending BTT, users were now able to boost their download speeds by up to 90%.
But the real-world uses of this token didn’t end there. Seeding, which is the act of sharing a file with other users and leaving it active after you’ve downloaded it for others to enjoy, has now become a way for BitTorrent users to earn relatively passive income. Those who took part in seeding were subsequently rewarded with BTT tokens to encourage activity on the platform.
Pros and cons of BitTorrent Coin
Like any decentralized project, BitTorrent has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of BTT.
|✔️ It is backed by a loyal community on the BitTorrent Network.||❌ It faces significant price resistance.|
|✔️ By spending a small amount of BTT, users can access lightning-fast download speeds.|
|✔️ It can target an extremely large and valuable user base.|
BitTorrent Coin FAQ
Do you still have questions about BTT? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about BitTorrent Coin to give you a better understanding of the original digital asset and its price potential.
Who uses BitTorrent coin?
BTT is used by those seeking a reliable P2P sharing platform that comes with all of the benefits of decentralization. From faster download speeds to making passive income from the seeding process, BitTorrent coin offers a multitude of utilities for those who use it.
How does BitTorrent coin gain value?
Like most cryptocurrencies, the value of BTT is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for BitTorrent coin is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can BTT reach $1 per token?
Based on its recent price surges and innovative nature of being a platform with a growing userbase looking for decentralized p2p sharing, it’s possible that BTT could reach $1 per token in the long term.
Where do people buy, sell, and trade AAVE?
Experienced crypto users can buy, sell, and trade BTT from several crypto exchanges. However, if you are a new investor, then we suggest using a brokerage like eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
BitTorrent Coin Price History
Up until February 2021, the price of the BitTorrent coin largely stagnated and traded sideways. That was until a bull run in the crypto markets that month pushed the price into a prolonged uptrend. Incredibly, the price of BitTorrent coin surged to 3102% by April.
But of course, this price was unsustainable. The price soon fell enormously as investors sought to cash out their investment. Currently, the price of BTT has dropped by over 75% from its all-time high.
However, many people believe that now is the perfect time to get on board in preparation for a potential new price surge. But what do the experts have to say? Let’s find out!
Expert analysis of the BitTorrent Coin price potential
One of the best tools we can use to try and determine the potential future price of BTT is to analyze the opinions of various crypto experts. Let’s delve into three estimated growth outlooks for various industry experts and analysts.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to BTT, they are also bullish. Over the long term, WalletInvestor predicts that the price of a BitTorrent coin could reach somewhere around $0.00751 by the end of 2021 and $0.0217 by the end of 2025.
DigitalCoinPrice is fairly bullish on its BitTorrent coin outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $0.0059210474 by the end of 2021, $0.0085770329 by the end of 2023, and finally, a figure of $0.0113446440 by 2025.
Another rather bullish expert analysis on BTT is LongForecast. They predict the price of the BitTorrent coin in 2021 to potentially reach up to $0.0047 by the end of the year. By the end of 2023, they expect it to reach $0.0081, and $0.0105 by the year 2025.
Overall, the expert analysis on the future price of BitTorrent coin is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the BitTorrent Coin price potential
Now we move on to technical analysis to try and predict the future price of BitTorrent. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
BitTorrent Coin Price Prediction 2021 – 2022
Since the beginning of 2021, the price of BTT skyrocketed by 133% from $0.0017 to its current price of $0.0039. It’s predicted that the BTT price will rise an additional 21% in the second half of 2021 and it’s then expected to close the year at $0.0047. A year-to-year change of +183%.
BitTorrent Coin Price Prediction 2022 – 2023
After starting the year at $0.0047, it’s predicted that the price of the BitTorrent coin will rise to $0.0053 per coin in the first half of 2022, it’s then expected to gain $0.0003 and finish the year at $0.0056, which is a +44% gain on the current price.
BitTorrent Coin Price Prediction 2023 – 2024
After starting 2023 at $0.0056, BTT is expected to rise to a figure of $0.0069 midway through the year before going on the rise again and ending the year at $0.0081 at an overall annual increase of 109% from the current price.
BitTorrent Coin Price Prediction 2024 – 2025
After starting 2024 at $0.0081, the BitTorrent coin is expected to see a minor price drop to $0.0077 halfway through the year. The second half of 2024 is expected to see the price of BTT end the year at a higher price than the first half of 2024 at $0.0087. That’s an overall annual increase of 124% on the current price.
From the ability to earn income from seeding to enhanced download speeds of P2P sharing, the BitTorrent platform provides a number of real-world uses in the online community. As a result, it has seen its price surge by over 3000% in recent months. Many experts agree that a renewed price surge could potentially be on the horizon.
Whilst many people can see the significant potential in BTT, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy BitTorrent Coin?
When it comes to investing in cryptocurrency, major exchanges are better reserved for the more experienced trader. For beginners, it’s recommended to use a trusted brokerage like eToro. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on crypto. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Crypto is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of crypto and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.