BitTorrent is the native encryption of the platform of the same name that uses the P2P protocol. It provides Internet users with the right to download various multimedia files. Of course, it is one of the first platforms to deal with this field, and it has been maintained. The reason for its creation is related to the possibility of faster downloads. The cryptocurrency linked to the platform is basically used to drive the project. It rewards those who use the application to improve the level of transactions with cryptocurrencies. Therefore, BTT has also gained a favorable position in the market, creating a win-win environment for everyone. It is a token based on the TRON cryptocurrency protocol, which is why BTT is also decentralized. BTT allows you to make money just by downloading files. Although it is a relatively young cryptocurrency, it has gained good acceptance. The real special thing about the BitTorrent project is that it provides a real solution when uploading and downloading large files. It must be said that BTT is the backbone of BitTorrent Speed. Without this cryptocurrency, this project is almost impossible to finance.
The price of BTT has been relatively low for most of its existence, trading below $0.0005 in 2020 and early 2021. It began to climb in February 2021, breaking through the approximately US$0.0017 mark several times, and then really quickly rose to approximately US$0.014 in early April. This surge may be caused by the acquisition of Poloniex by Justin Sun, CEO of TRON (the owner of BTT), Poloniex, an exchange that allows users to stake their cryptocurrency for rewards. This move pushed up the price of BTT, because the listing of BTT on Poloniex caused some users to pledge their funds, reduced the circulating supply, and also aroused some interest in the currency. However, BTT has not enjoyed this success for long: shortly after peaking, the price of BTT began to fall for a long time, reaching about $0.003 in June 2021. Long-term forecasts are still forecasting growth, but this may depend on the health of the market as a whole Bittorrent network.
Although it is almost impossible to perform 100% accurate technical analysis of BitTorrent cryptocurrency, on this advanced technical analysis tool of TradingView, you can view the real-time aggregated BTT buying and selling ratings in the selected time frame. The summary of BTT/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.
Below we have collected the most reliable BitTorrent (BTT) price predictions from popular prediction platforms.
According to WalletInvestor, the price of BitTorrent will rise from $0.002593 to $0.00787 within one year. This makes BTT an amazing investment. The long-term profit potential is 203.51%. The forecast price at the end of 2026 is $0.0293.
When answering the question about whether BitTorrent is a good investment, TradingBeasts responded in the affirmative. From the perspective of 2021, the price of the token is expected to reach US$0.0035807 and increase to US$0.0042571 by the end of 2022.
In the DigitalCoin analysis, the price of Blocktrade Token cryptocurrency will rise from today’s $0 to $0 in the next 5 years. It will rise to $0 by 2022 and begin to decrease in 2023-2024. Based on this prediction, Blocktrade Token is a profitable long-term investment.
In 2021, the average price of BitTorrent will rise to $0.0032643. In 2022, the price of BitTorrent will rise sharply to an average of US$0.0045958.
From the analysis cited above, it is clear that BitTorrent (BTT)’s predictions are quite contradictory. There is no general consensus on the positive or negative trend of BTT prices in the future. In fact, the possible future growth depends on various factors: announcements, new technological solutions for the BitTorrent project, overall encryption environment, legal status, etc. We kindly remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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