Here are some key highlights from our latest BitTorrent price prediction analysis and future projections:
- Currently BTT is at $0.0000008053 (USD).
- The BTT forecast indicates that its value will increase by 11.49% and reach $0.0000021760 by September 29, 2024.
- Our analysis further indicates the market sentiment as Bearish for BTT.
- BitTorrent has had 16/30 (53%) green days and 9.64% volatility.
BitTorrent Coin Overview
Launched in 2001, BitTorrent was a dominant file-sharing software. The platform was often illegitimately utilized by users, but it continued to thrive on heavy traffic and global operations. In 2018, BitTorrent was acquired by Justin Sun, the Founder of TRON, which changed its destiny significantly. It was after the acquisition that BitTorrent incorporated BTT, its native digital asset.
At of the time of writing, BTT is trading at $ 0.0000008702, price is stable from the last 24 hours. This article explores BitTorrent price prediction from 2024 to 2030.
| BTT Statistics | |
| Cryptocurrency | BitTorrent |
| Token | BTT |
| Price | $0.0000008053 |
| Price Change (24h) | -2.33% |
| Price Change (7d) | -11.28% |
| Market Cap $ | $799,225,735 |
| Trading Volume | $14,070,299 |
| Circulating Supply | 968,246,428,571,000 BTT |
| All-Time High | $0.000003054 |
| All-time Low | $0.0000003657 |
| Volatility | 9.64% |
| Sentiment | Bearish |
| Fear-Greed Index | 29 (Fear) |
| Green Days | 16/30 (53%) |
BitTorrent Price Prediction: 2024-2030
By analyzing BitTorrent’s price history alongside Bitcoin’s halving cycles, analysts predict a potential price range for BitTorrent. For 2025, the estimated low is $0.0000008192, while the high for the following year could reach $0.000003885. Based on this methodology, BitTorrent’s price projections have been made up until 2030.
| Price Prediction: 2024-2030 | |||
| Year | Yearly Low | Average Price | Yearly High |
| 2024 | $0.0000007876 | $0.000000809 | $0.000000831 |
| 2025 | $0.0000008192 | $0.000002352 | $0.000003885 |
| 2026 | $0.0000006831 | $0.000001435 | $0.000002186 |
| 2027 | $0.0000007490 | $0.000001147 | $0.000001545 |
| 2028 | $0.0000011070 | $0.000001865 | $0.000002622 |
| 2029 | $0.0000021010 | $0.000003670 | $0.000005239 |
| 2030 | $0.0000020740 | $0.000002723 | $0.000003371 |
BTT Price Prediction 2024
With an expected average price of $0.000000809, the predicted price range for BitTorrent in 2024 is $0.0000007876 at the lowest to $0.000000831 at the highest.
BTT Price Prediction 2025
The BitTorrent price prediction for 2025 ranges from a low of $0.0000008192 to a high of $0.000003885 maintaining an average price of $0.000002352.
BTT Price Prediction 2026
The BitTorrent coin will swing somewhere between lows and highs of $0.0000006831 and $0.000002186, respectively. This marks the continuation of heavy fluctuations potentially driven by the broader factors within the crypto ecosystem. It could land at an average price of $0.000001435.
BTT Price Prediction 2027
BitTorrent might rebound at the beginning of the year with a correction phase in sight. The highs and lows are $0.000001545 and $0.0000007490, respectively. The average throughout the year is $0.000001147.
BTT Price Prediction 2028
Downtrends seem to be heavily influencing the market as the decade comes to an end. BTT price is likely to average $0.000001865, with highs and lows of $0.000002538 and $0.000002622, respectively.
BTT Price Prediction 2029
A slight rebound is on the line. BTT may be able to mark a milestone of $0.000003670 as an average value. Highs and lows could be $0.000005239 and $0.0000021010, respectively.
BTT Price Prediction 2030
Decade-end predictions are bearish compared to the current listing price. BitTorrent might draw an average value of $0.000002723 and highs and lows of $0.000003371 and $0.0000020740, applicable in the same order.
BitTorrent Coin Price Prediction: 30-Days
BitTorrent is expected to increase in value by 11.52% over the next month, reaching a price of $0.0000022480 by September 30, 2024. This prediction is based on BitTorrent’s price performance in the past 30 days.
| Date | Price | Change |
| Sep 6, 2024 | $0.0000008192 | 0.00% |
| Sep 7, 2024 | $0.0000008634 | 5.12% |
| Sep 8, 2024 | $0.0000009202 | 6.17% |
| Sep 9, 2024 | $0.0000009896 | 7.01% |
| Sep 10, 2024 | $0.0000010670 | 7.25% |
| Sep 11, 2024 | $0.0000011440 | 6.73% |
| Sep 12, 2024 | $0.0000012180 | 6.08% |
| Sep 13, 2024 | $0.0000011230 | -8.46% |
| Sep 14, 2024 | $0.0000011010 | -2.00% |
| Sep 15, 2024 | $0.0000011480 | 4.09% |
| Sep 16, 2024 | $0.0000012010 | 4.41% |
| Sep 17, 2024 | $0.0000012600 | 4.68% |
| Sep 18, 2024 | $0.0000013260 | 4.98% |
| Sep 19, 2024 | $0.0000014010 | 5.35% |
| Sep 20, 2024 | $0.0000014460 | 3.11% |
| Sep 21, 2024 | $0.0000014650 | 1.30% |
| Sep 22, 2024 | $0.0000014910 | 1.74% |
| Sep 23, 2024 | $0.0000015460 | 3.56% |
| Sep 24, 2024 | $0.0000016300 | 5.15% |
| Sep 25, 2024 | $0.0000018380 | 11.32% |
| Sep 26, 2024 | $0.0000020500 | 10.34% |
| Sep 27, 2024 | $0.0000022400 | 8.48% |
| Sep 28, 2024 | $0.0000019650 | -13.99% |
| Sep 29, 2024 | $0.0000019890 | 1.21% |
| Sep 30, 2024 | $0.0000022480 | 11.52% |
| Oct 1, 2024 | $0.0000023920 | 6.02% |
| Oct 2, 2024 | $0.0000025810 | 7.32% |
| Oct 3, 2024 | $0.0000027870 | 7.39% |
| Oct 4, 2024 | $0.0000027070 | -2.96% |
| Oct 5, 2024 | $0.0000026910 | -0.59% |
BTT Coin Price Prediction Technical Analysis
Support and resistance levels are not very prominent in the token. Still, based on the current levels, immediate resistance is visible at $0.002231. If BitTorrent can break this level, it faces the subsequent rejection at $0.004524. Important resistance levels are noted at $0.006324 and $0.007412, the latest swing high. BTT has to climb these levels for a strong up move.
On the flip side, the support zone is $0.000001340 and $0.000001225. The previous swing low marked the lowest price for BTT, and traders can sell BitTorrent if it breaks this all-time low level.
BitTorrent technical analysis shows that bears have a strong hand in BTT price action. The BTT crypto redenomination and swap confusion have led to this long-term downfall. BTT now may endeavour to catch crypto investors’ attention. However, it will take some time for a clear trend indication and position itself as strong competition in the market.
BitTorrent Coin Price History
The BitTorrent protocol has two tokens now; the Original BitTorrent coin went for public sale in 2019 with an ICO price of $0.00012. To rectify the issues of low transaction speed, low scalability, and throughput issues, the BitTorrent Chain is introduced with advanced DeFi applications.
As a result, old BTT coins are now known as BTTOLD (TRC-10) tokens, and a new token after redenomination is referred to as BTT (TRC-20). BTTOLD tokens can be swapped to BTT on the listed exchange or the BTTC website.
BTT was launched at around $0.000002759, and the current price is $0.000001469. After its launch, the BTT price fell on the following day itself, and it traded in the range of $0.000002438 and $0.000002759 for a week. The price increased for 2 days, and it again fell to $0.000001919 on Jan 25, 2022.
The BTT price started trading sideways after that but lost momentum, and BTT plummeted to $0.000001718 after a month. On Mar 01, 2022, the price faced resistance at the $0.000002006 level, and then it started a downtrend. On Mar 28, the price broke the resistance of $0.000002147 and started an uptrend. However, the price could not sustain the resistance of $0.000002303, and on the same day, it went down to the $0.000002108 level.
BitTorrent’s price has gone through a difficult period since its launch. No BTT price rise could break the psychological resistance points; hence, the BTT traded in the range of $0.000003035 to $0.000001400.
BTT has been trading in red for most of its life. Based on the trade history after the redenomination, BTT’s all-time high was $0.000003054 on Jan 18, 2021, and the all-time low was $0.000001401 on May 10, 2022.
Is Now the Time to Buy, Sell, or Hold BTT?
BitTorrent claims that it has 2 billion users and 200 million BTT wallets existing in the BitTorrent ecosystem. The company currently has products under two brands: BitTorrent (the most prominent distributed network) and uTorrent (which offers file downloading facilities).
Both have remained swift and easy downloading tools for around twenty years, even before stepping into blockchain technology.
After stepping into blockchain technology and integrating with BTT, the protocol offered many more edges to the user and file provider (seeder). The roadmap shows BitTorrent’s plans to incorporate more blockchains and launch a multichain feature for BTFS.
Additionally, they intend to launch a governance mechanism in 2022. Therefore, the fundamentals of the BitTorrent network and the development roadmap are strong enough. The team believes that current development plans and security protection can contribute to the user base extension, and BitTorrent will have more traffic in the future.
Factors Influencing Price
The latest news from the BitTorrent community is the launch of the world’s first cross-chain interoperability protocol called the BitTorrent chain (BTTC). It leverages the sidechains for scaling smart contracts and works on Proof of Stake consensus. The ultimate dream is to provide interoperability between Ethereum, Binance Smart Chain, and TRON.
BTTC launched in Dec 2021 with BTT redenomination. Old BTT tokens will be redenominated and swapped at a 1:1000 ratio for new BTT. Total supply of tokens has increased from 990,000,000,000 to 990,000,000,000,000.
An upgrade of the BTT file system went live in January to support cross-chain connectivity and multichannel payments.
Last year, BitTorrent partnered with PointVille, an AR and consumer-rewarding mobile app, to provide BitTorrent users with BitTorrent-themed AR points for a limited period.
Market Sentiment on BTT Forecast
BitTorrent works on a token-based economy, and it backs networking, bandwidth, storage, and all other services. If users are willing to pay BTT tokens, they can enjoy quicker downloading services and higher bandwidth. So BitTorrent ecosystem services incorporate sender/receiver models powered by BTT. Below are some of the BitTorrent services powered by BTT tokens.
BitTorrent speed: As the name suggests, the project BitTorrent stands to provide faster download speeds. It provides the required bandwidth to boost downloading speed using BTT incentivization. BitTorrent speed automatically bids in BTT to other users for speedier downloads. It has a dashboard and a wallet, so when the downloading ends, BTT tokens will be automatically credited to the wallet of the data provider.
The BitTorrent file system is a scalable decentralized storage system for decentralized applications. It has five components: TRON network, BTFS network, a wide array of client products, TRONGrid services that connect ecosystem components, and native token BTT. BTFS offers censorship proof, cost-effective choices for centralized cloud storage, and storage in the network can be purchased using BTT tokens.
Coin Price Prediction By Experts & Analysts
BitTorrent was initially developed by an entrepreneur and developer named Bram Cohen. Cohen’s ultimate aim was to usurp the entertainment industry with state-of-the-art file-sharing systems and techniques. The platform has gone through multiple legal battles to maintain a strict copyright policy in the BitTorrent file system. Justin Sun is the person behind the current BitTorrent protocol and the technologies.
BTT has three torrent downloaders that enable BTT token payments for faster services. BitTorrent Web, BitTorrent Classic and BitTorrent Android.
BitTorrent web is an online torrent downloader and player for Windows and Mac. Users can employ safe scanners that quickly find demanded files to download. It is available in 15 languages, and it authorizes users to play files and magnetic links during download.
BitTorrent Classic and BitTorrent Android are also downloaders and players. Classic is a lighter version with additional features only for Windows. In comparison, Android is a mobile application with inbuilt media players.
Primary use cases of BTT tokens in the BitTorrent Chain ecosystem include:
- Staking on BTTC to gain reward.
- Paying for gas fees as a native token on BTTC.
- Participate in the governance of the BTTC community.
- Becoming a validator on BTTC.
- Essentially, BTT crypto is the fuel of the BitTorrent protocol.
Conclusion:
The future price prognosis indicates BTT is a good investment. But it cannot be considered a highly profitable investment in the long term. Prices are slowly moving up, and however, the crypto market experiences colossal volatility and sudden trend reversals. Hence there is no universal consensus that the BTT coin value will trade as expected and be a profitable investment. So your own research and financial investment advice are required.
FAQs:
Will BTT be profitable in the long term?
BTT definitely are profitable on the charts in terms of long-term holdings.
How can someone buy BTT?
From recognized and regulated exchange platforms like KuCoin, Huobi, and Okex, among others.
What is the predicted highest value of BTT in 2024?
The predicted highest value of BTT for 2024 is $0.0000020700.
Is BTT a decent investment?
Investments in BTT, or any other crypto, depend on one’s risk appetite, research, and trading goals.
What is the value of a single BTT token?
A single BTT token is currently listed at $0.0000007475.
