BitTorrent Price Prediction – BitTorrent Forecast 2021, 2022, 2025 & 2030
If you have been around the internet long enough, the chances are that you’ll have heard of BitTorrent. BitTorrent is a super popular peer-to-peer file-sharing platform, enabling users to easily send and receive files without censorship. In recent times, BitTorrent has released its own crypto token, aiming to improve the platform’s utility and efficiency.
In this guide, we’ll cover our BitTorrent Price Prediction in detail. We’ll explore the BitTorrent token and how it works before highlighting where you can buy cryptocurrency today – with 0% commissions!No coins selected
BitTorrent Price Prediction 2021 to 2022
Throughout this BitTorrent forecast, we’ll cover what the token is and the various factors that may shape the price going forward. Having said that, if you’re just looking for a brief rundown of our BitTorrent prediction 2021, then the points listed below showcase our projections for the upcoming periods.
- One Month – The current BTT price is hovering around $0.0031, following some bearish momentum that began in early September. If the price can showcase a strong rejection from this current support level, we may see a push upwards towards the $0.0050 level over the next month.
- Three Months – If the BitTorrent price live can ease past the nearby resistance level, we may see a push back into the $0.0075 level over the next three months. This area poses strong resistance, meaning the price may rebound from here.
- Start of 2022 – As the area mentioned above may prove difficult to break, we may see a slowdown at this level. Having said that, our BitTorrent forecast sees the token reach a valuation of $0.0080 by the beginning of 2022.
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BitTorrent Price History – the Story of 2021 So Far
The popularity of the crypto market has seen hundreds of exciting and innovative cryptocurrencies emerge over the past decade. BitTorrent is just one of these cryptocurrencies, offering a mutually beneficial way of rewarding creators and users. Let’s take a look at our BitTorrent price prediction and explore what this token does.
Firstly, the BitTorrent token (also referred to as BTT token) is the native cryptocurrency used on the BitTorrent platform. Most people will have heard of BitTorrent, but if you haven’t, BitTorrent is a platform that allows peer-to-peer (P2P) file-sharing over the internet. Most of the time, BitTorrent is used to transfer files such as movies, music, games, software, art, and more. Due to its P2P nature, BitTorrent is inherently decentralised.
Back in 2018, BitTorrent was acquired by the TRON Foundation – which, if you were to buy TRON UK, you’d have undoubtedly heard of. Justin Sun, the CEO of the Tron Foundation, had the vision to connect BitTorrent to the TRON blockchain, enabling the creation of the BitTorrent token. Much like other digital coins, BTT can be purchased in the hope of positive returns – yet it also has some exciting real-world use cases.
Essentially, the BTT coin can be used within the BitTorrent protocol to reward creators and increase computational resources. One of the major complaints about BitTorrent is that download speeds can sometimes be pretty slow. By holding and spending BTT, users can increase their download speeds by around 90%, which is a significant benefit of having this altcoin.
Furthermore, BitTorrent users can automatically earn BTT simply by ‘seeding’ after downloading a file. Seeding is the process of sharing a file with other BitTorrent users and can be accomplished by leaving the file active after you have finished downloading it. As users are rewarded for seeding, the hope is that this promoted more people to seed, thereby giving other users a more extensive selection of active torrents to choose from.
The BTT price essentially traded sideways until February 2021, when a sizeable bullish spike prompted a sustained uptrend. Between February and April, the price of BTT increased a remarkable 3102%. Much of this increase was attributed to the cryptocurrency market’s bull run, which positively affected BTT’s price – although investors certainly weren’t complaining about how this increase came about!
Since the all-time high of $0.01426 that occurred on April 5th 2021, the price of BitTorrent has fallen pretty dramatically. The current BitTorrent price is down 78% from these heights and is now around the same price as it was in March 2021.
BitTorrent Price Forecast
Much like when you buy Bitcoin (BTC) or Ethereum (ETH), there are certain factors to pay attention to that may influence the price. Relating this to our BitTorrent forecast, we found various elements to look out for in the months and years ahead. With that in mind, let’s take a look at the technical and fundamental factors that tend to affect BTT’s price.
As you can see from the price chart, BitTorrent has displayed large amounts of volatility over the past year. The considerable spike in April was immediately followed by a sharp retracement, promoting a downtrend that has led to the BitTorrent price today. Right now, BitTorrent is just above the $0.0029 level, which has proved to be strong support in the past.
Support levels tend to be areas where investors look to buy cryptocurrency, which pushes price higher. We’d recommend waiting to see how price reacts at this level, as this will indicate whether there will be bullish or bearish momentum.
If we do see a rejection, expect the price to push up into the $0.0050 range. This range has the added element of being a psychological level as it is a round number. Although the price may struggle here a little, there would be a clear path back towards April’s highs if it were to break.
According to CoinMarketCap, BTT has a market cap of just over $2 billion at the time of writing. This market capitalization means BTT is the 56th largest cryptocurrency in the world right now, with a trading volume of nearly $180 million in the past day alone. These figures serve to highlight just how much this coin has grown over the past year.
One of the critical success factors when investing in cryptocurrency is finding a coin that has a valuable use case – and BTT certainly has this. As users can essentially earn a return just for seeding, BTT looks likely to increase in demand in the years ahead. Combine this with the growing shift towards decentralised platforms, and you can see why many people are so hyped about BitTorrent and the BTT token.
Finally, another reason that BTT is considered a good investment is the evergreen nature of torrents. Ultimately, there’s scope to merge the worlds of torrents and NFTs to create a seamless ecosystem where users can connect with one another directly to transfer ownership. Although this may be a future innovation, it would undoubtedly mean great things for BTT’s price if it were to come to pass.
BitTorrent Price Prediction 2025 – Long Term Outlook
As you’ll be aware if you’ve read our other cryptocurrency price predictions, this is the part where we put everything together and form a view of the token’s long-term outlook. In the case of BTT, we are more optimistic about this token than tokens such as Safemoon or Bonfire, which don’t offer any real utility.
BTT is backed by the TRON Foundation, which develops another cryptocurrency with an incredibly bright future. The fact that Justin Sun owns both of these cryptocurrencies raises the prospect that there could be some relationship between the two in the future. Although it would be pure speculation as to how this may work, any link between TRON and BTT would undoubtedly cause some hype which would increase the price.
Overall, with BitTorrent having more than 170 million users, there’s certainly scope for this token to become more prevalent in the years ahead. The removal of the middleman (such as streaming services) from file sharing is another nod to the decentralisation of society, which looks to ramp up in the years ahead. If this shift can continue gathering pace, we’ll likely see further demand for BTT.
With that in mind, our BitTorrent price prediction 2025 projects that the coin price could hit a high of $0.025. This would likely occur if BitTorrent can develop some use cases that appeal to users outside of BitTorrent and uTorrent, therefore marketing themselves to other target markets.
In addition, our BitTorrent price prediction 2030 is similarly optimistic. If there were ever any crossover with TRON, then there would be scope for BTT to gain much more credibility than it has currently. Should this come to pass, we can see BTT reaching a valuation of $0.1 by 2030.
BitTorrent Price Chart
As you can see from the price chart, the momentum in BTT’s price has slowed since May, with the price just trundling along at present. This tends to happen when you buy stocks too, as certain assets will just trade sideways until impetus is generated from a news announcement. Thus, we can estimate that BTT requires some form of positive news to provide the boost needed to push price higher.
Right now, BTT doesn’t have a huge community backing on social media sites such as Reddit. This backing is crucial, as was evidenced when Dogecoin increased in price dramatically. If BitTorrent can market itself more intelligently, it’ll help build a relationship with the community that will undoubtedly help price in the years to come.
Where to Invest in BitTorrent
The final part of this BitTorrent prediction will focus on how investors can purchase BTT. The first thing to note is that BTT can now be traded on various prominent exchanges, such as Binance or Coinbase. Through these exchanges, users can purchase BTT with FIAT currency, including USD!
However, if you are looking for a platform to invest in cryptocurrency more generally, we’d ultimately recommend eToro. Although eToro doesn’t currently offer BTT, the platform does have an active community that means eToro’s developers become aware when a coin is generating a lot of hype. Due to this, if BTT were to become more in-demand, then it would likely be added to the platform.
One of the main reasons we recommend eToro is because the platform is completely commission-free. This means that when you place a trade on eToro, there are no transactions fees associated with it. In addition to this, eToro doesn’t charge any deposit or monthly account fees, making the entire trading process very cost-effective.
On the topic of deposits, eToro accepts a vast array of funding methods, such as credit/debit cards, bank transfers, and e-wallets. The great thing is that eToro accepts PayPal and Klarna, enabling users to fund their accounts easily. Notably, eToro even offers a free demo account feature, which is ideal for beginner traders to practice on.
Finally, eToro offers a massive selection of alternative assets to trade, making them one of the most appealing CFD brokers for creating a diversified portfolio. Users can invest in stocks, bonds, ETFs, currencies, commodities, and more – all through the eToro trading platform. You can even download the eToro app and trade on the go if you wish!
BitTorrent Price Prediction – Conclusion
In summary, this BitTorrent forecast has explored the BTT token in detail, highlighting its use cases and discussing its future outlook. As you’ll now be aware, BTT has some solid value thanks to its utility within the BitTorrent platform. As the years pass and centralised platforms (such as BitTorrent) become ‘the norm’, we’ll likely see more people invest in tokens such as BTT – which is excellent news for speculative investors!
So, if you’re interested in trading crypto today, we’d recommend opening an account with eToro. The account opening process can be completed in minutes, all from the comfort of your own home. What’s more, you can fund your account with as little as $50 (£37) and begin trading commission-free right away!
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