Every single project in the crypto sphere offers a unique blend of features to its users. BitTorrent is one of the emerging cryptocurrency projects, which was established to provide a secure network. That extends its services as a file-sharing platform, which has been the primary motive of the firm.

BitTorrent has caught the attention of savvies from the business, with the recent launch of BTT on the mainnet. And the much-talked-about token denomination. Puzzled by the talks around BTT and token denomination? Join in as we discuss BTT’s, token denomination, and the price prediction of BTT for 2023 and the years to come.

Overview

Cryptocurrency	BitTorrent (New)
Token	BTT
Price	$ 0.00000111 6.33%
Market cap	$ 1,051,566,984.1843
Circulating Supply	951,421,714,286,000.0000
Trading Volume	$ 101,188,400.7371
All-time high	$0.000003054 on 18th Jaunary 2022
All-time low	$0.000000367 on 13th October 2023
24 High	$ 0.0000
24 Low	$ 0.0000

The BitTorrent (BTT) price traded in narrow space between $0.0000004491 and $0.0000005121 for a brief period of time, indicating a weak buying and selling pressure for the coin in the market. Recently, the BTT token gained significant momentum in its value by adding over 80% within the past 24 hours.

The price then faced rejection at $0.0000012602, following which the price has been trading under a bearish influence and has displayed a correction of over 20% in value, further highlighting a high possibility of a pump-and-dump situation in the market.

The Relative Strength Index (RSI) displays a sharp fall in its chart, indicating a increased selling pressure in the market. Further, the averages show a bearish convergence, suggesting the price to continue losing momentum in the coming days.

If the bulls regain power, the price will prepare to test its upper resistance level of $0.0000011010 soon. Further, if the market holds the price at that level, it will further rise and test its resistance level of $0.000001260 in the coming week. Conversely, if the bears continue to dominate the market, the price will lose momentum and prepare to test its lower support level of $0.0000005121 in the coming days.

BitTorrent would see the influx of newer investors at a steady pace if they find a linear rise in price and hit its maximum annual closing price of $0.00000139. Whilst the lack of bullish impetus could settle the price at $0.000000523 with a average price of $0.00000000956.

BTT Price Forecast 2024

If the crew behind BitTorrent employs initiatives to garner the interest of marketers in the midst of Bitcoin’s big day. Seeking impetus from volumes, the digital token’s price could propel to a maximum of $0.00000185 by the end of 2024.

On the contrary, ebbing volumes coming from negativity could slump the price to $0.00000117. That said, the regular price could land at $0.00000151.

BitTorrent Price Prediction 2023 – 2030

BitTorrent price for 2023 could range from $0.000000523 to $0.00000139.

BitTorrent Price Prediction 2025

Over the next 3 years, the price of BTT could thrive higher. With impetus coming in from the efforts of the new developers and community investors. The digital asset would receive further support from its growing user base, file-sharing tech, and dlive, amongst others. 

The impetus could drive the price to its potential high of $0.00000242. That said, regular trade pressures and the dominance of hodlers could limit the price to average levels of $0.00000199. On the contrary, if the digital asset fails to support its stance in the business it could settle at $0.00000156.

BitTorrent Price Forecast 2026

According to our analysts, BTT coin price prediction for the year 2026 could range between $0.00000199 to $0.00000277, and the average price of BitTorrent could be around $0.00000238.

BTT price prediction 2027

According to our analysts, BitTorrent price for the year 2027 could range between $0.00000242 to $0.00000312, and the average price of BTT could be around $0.00000277.

BitTorrent Prediction 2028

According to our analysts, BTT crypto prediction for the year 2028 could range between $0.00000289 to $0.00000365, and the average BitTorrent coin price could be around $0.00000327.

BTT coin price prediction 2029

According to our analysts, BitTorrent’s forecast for the year 2029 could range between $0.00000323 to $0.00000409, and the average BTT coin price could be around $0.00000366.

BitTorrent Price Prediction 2030

According to our analysts, BTT predictions for the year 2030 could range between $0.00000375 to $0.00000468, and the average BitTorrent price could be around $0.00000421.

What Does The Market Say?

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s BTT Price Prediction

According to CoinPedia’s Bittorent price prediction, if the network continues to work concerning enhanced security. BitTorrent file system, and speed then the price may witness an intense rally.

Moreover, the recent redenomination of the digital asset could also play as a stimulant to the rally. That said, the digital asset could close the trade for 2023 at $0.00000139. 

Whilst routine trade pressures could settle the price at average levels of $0.000000956. If the protocol fails to stand to its expectations, the bears could take the price down to $0.000000523. 

Fundamental Analysis

BitTorrent was founded by developer and entrepreneur Bram Cohen. The founder developed the project to depose the dated entertainment space which made getting material slow and expensive. BitTorrent is supported by a robust and high-bandwidth blockchain. The platform is based on cryptographic methods, which are dependent on “zero-disclosure” evidence.

The project went live on Tron mainnet in January 2019. BitTorrent enabled users to utilize tokens in the BitTorrent speed application to boost download speed in July 2019. Further, BitTorrent’s decentralized file-sharing protocol BTFS was launched on the mainnet in October 2019.

Fast forward to the 12th of December 2021, BitTorrent Chain (BTTC) went live on the mainnet. BTTC is the first heterogeneous cross-chain interoperability protocol, which adopts PoS. And employs side chains for scaling smart contracts. The makers have implemented the redenomination of BTT tokens, whilst maintaining the previous market capitalization. 

Successively, the old BTT tokens (BTTOLD) have been swapped with new BTT tokens. Which are done at a ratio of 1:1000. That said, the total supply of BTT tokens has spiked from 990,000,000,000 to 990,000,000,000,000. The move comes to counter the low total supply of BTTOLD and the inherent problems associated with the same. 

What Is BitTorrent (BTT)?

BitTorrent is a p2p file-sharing platform that has become more decentralized in recent times. Founded by Bram Cohen in July 2001, BitTorrent was taken over by the TRON platform owned by Justin Sun in July 2018. Thereafter, the BTT network has been upgraded with additional tools with a dedicated native currency BitTorrent Token (BTT).

BTT is a TRC-20 utility token, which is based on the Tron blockchain, that powers popular dApps and projects. Decentralized applications such as BitTorrent speed, BitTorrent file system, Dlive, etc.. are powered by the BTT token.

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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