BTT Price Prediction 2021 — Will BitTorrent Hit $1 in 2021?
BTT price prediction for 2021 to 2022 is up to $0. 007
BTT bearish market price prediction for 2021 is $0. 0009
This BTT Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our BTT price analysis and prediction.
BitTorrent (BTT) is one of the most active cryptocurrencies that took the crypto world by storm this year. To be specific, the crypto was able to achieve an all-time-high price of $. 01426 last April 05, 2021. This amazing performance of BTT enables the network to attract crypto investors around the world.
Furthermore, aside from its aggressive performance this year, BTT enables its users to earn more BTT tokens. In particular, the network rewards its users with BTT tokens by simply allowing seeding after every torrent file download. Best of all, all the reward tokens earned from the torrent file seeding will automatically be stored in the user’s wallet.
In this BTT price analysis and price prediction, we take a look at the performance of BTT if it will reach $0. 005. But before that, let us learn more about what BitTorrent (BTT) is and its current position in the crypto market.
What is BitTorrent Token (BTT)?
BitTorrent Token (BTT) is a TRON TRC-10 cryptocurrency launched by BitTorrent Inc. it aims to act as a transactional mechanism between service providers and BitTorrent clients. With the combined blockchain technology of TRON and BitTorrent, BTT was able to surge its token mass adoption. As a result, the BTT network was able to earn over 100 million users.
The BTT network, together with TRON, shared a vision of decentralized internet without barriers. This vision enables content creators and providers to connect and directly earn BTT tokens without any deduction from middle man or brokers.
For all the traders and investors that are interested in BTT tokens, the tokens can be bought in different crypto exchanges. For example, Binance, KuCoin, OKEx, Bittrex, and Huobi, to name a few.
Regarding the BTT token, the crypto can be used as a payment to get faster download speeds. On the other hand, traders and investors can stake their BTT tokens in various crypto platforms to earn more profit while holding the token.
BTT Current Market Status
BTT remains to be one of the most aggressive cryptocurrencies nowadays. According to CoinGecko, the BTT price is $0. 00407126. Notably, BTT was able to record an increased rate of almost +5. 1% in the last 24 hours. For this reason, BTT’s reputation rises not just inside the TRON network but also in the entire crypto network.
In terms of its market standing, BTT market capitalization amounts to almost $2, 680, 543, 080 with a 24-hour trading volume of over $1, 268, 655, 996. As a result, the crypto ranks as one of the top 60 cryptocurrencies in CoinGecko. With all these achievements, we can say that BTT has come a long way in developing its technology throughout the years.
Now that you already have an idea about what BTT cryptocurrency is, do you think BTT is a good investment this year? If you are already excited to know, come, and together let us check this BTT price analysis and price prediction article.
BitTorrent Price Analysis 2021
So far, BTT has been defending its market position well against the bearish market wild volatility. Is it enough to convince the global investors that BTT can rise and be profitable crypto this year?
Are you already interested to know? Therefore, what are you waiting for? Join me and together, let us see the charts in this CoinQuora price analysis.
BTT/USDT chart Descending Channel Trend pattern (Source: TradingView)
In the chart above, which is set in a daily time frame, we can see the Descending Channel Trend pattern. A descending channel is the price action that takes place in a downward direction through a sloping parallel line. More so, the chart shows the Lower Highs and Lower Lows from this price pattern. Moreover, this pattern represents a short-term bearish.
As shown above, at the beginning of this month, BTT turned from its bear to bull trend. This is the result of the high trade volume that occurred in that period.
BitTorrent (BTT) – RSI
Furthermore, the Relative Strength Index (RSI) is at 62, which means that BTT is in a nearly oversold state. As a result, this may lead to a price reversal at any given time.
Let us also look down for the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of BTT.
BTT is one of the potential cryptocurrencies this year. Since the start of 2021, BTT’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away.
BTT Price Prediction 2021
Currently, BTT holds 50th place on CoinGecko. Would the market performance be enough for BTT to maintain its bullish position in 2021? Are you excited to know the results? Well, what are we waiting for? Let’s get to the bottom of it in this BTT price prediction 2021.
BTT/USDT Price Chart (Source: TradingView)
In the short-to-mid term scenario for our BTT price prediction 2021, BTT has to break past the retracement level at $0. 007. To do this, it has to establish more support at the Fib level at $0. 002. If not, bears may gain the upper hand and drag BTT to their territory.
Meanwhile, our long-term BTT price prediction for 2021 is bullish. Even more, it has a high possibility of reaching a new all-time high this year. However, that will only happen if it breaks past a number of psychological resistances.
BTT Price Prediction 2022
If this bullish trend continues, BTT will reach $0. 0095 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0. 01. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $0. 0095 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
BTT Price Prediction 2023
The price of BTT can move even great heights, however reaching $0. 015. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency BTT breaks past the psychological resistance level.
BTT Price Prediction 2024
If there will be more upgrades and developments in 2024, the BTT price predictions and project forecasts may change. Moreover, these may boost the price of BTT. We can say that the price can still go bullish and spike up to around $0. 025.
BTT Price Prediction 2025
In the next four years, BTT prices could race up to $0. 035. However, reaching this level could not be so difficult for BTT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BTT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Conclusion
BTT has a bright future ahead of it in 2021. With ongoing developments happening within the BTT ecosystem, as well as in the overall crypto market, we may see BTT reach new heights.
Even more, the bullish BTT price prediction 2021 is $0. As said above, it may even reach a new ATH if investors have decided that BTT is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum. Moreover, it has a chance to reach $0. 0095 in the latter parts of this year as well.
FAQ
What is BitTorrent? BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become highly decentralized in recent years. BTT was purchased by blockchain platform TRON in July 2018. Is BitTorrent Legal? The use of the BitTorrent protocol for sharing of copyrighted content generated a different type of novel legal issues. While the technology and related platforms are legal in many jurisdictions, law enforcement and prosecutorial agencies are aiming to address this avenue of copyright infringement. Is BitTorrent worth buying? BitTorrent’s native asset BTT is a good investment in 2021. However, crypto traders and investors need to take extra care when trading in cryptocurrencies, as these are extremely volatile. Will BTT reach $1 in 2021? To answer the question, Yes, BTT may reach $1 in the years to come but not now. In order to do that BTT must be able to increase its market capitalization and continue to burn its tokens. Is BTT a good investment in 2022? BTT is a good investment depending on how you see it. For example, for the people that frequently use µTorrent and µTorrent classic, this platform truly benefits them. How to buy BTT? The tokens can be bought in different cryptocurrency exchanges. For example, Binance, KuCoin, OKEx, Bittrex, and Huobi to name a few. What will be the BTT price by 2022? BitTorrent (BTT) price is expected to reach $0. 008 by 2022. What will be the BTT price by 2023? BitTorrent (BTT) price is expected to reach $0. 012 by 2023. What will be the BTT price by 2024? BitTorrent (BTT) price is expected to reach $0. 025 by 2024. What will be the BTT price by 2025? BitTorrent (BTT) price is expected to reach $0. 05 by 2025.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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BitTorrent Price Forecast: Is BitTorrent a good investment?
Cryptocurrencies have become favorites of adventure-loving investors due to their high returns. Cryptocurrency offers lucrative returns in the short term though the risk involved is quite high. This has led to the emergence of thousands of cryptocurrencies in the crypto market. Many investors still think that there is no cryptocurrency other than ‘Bitcoin’ in the crypto segment. But there are many other cryptos that have emerged in the recent past and have returned heavily to their investors. One such name is “BitTorrent” (BTT) which has become popular in a very short span of time. Read on to know more about BitTorrent Coin price and its price prediction
About BitTorrent Coin
What is BitTorrent Coin?
BitTorrent is an online file-sharing platform that is used by users to download torrent products. BitTorrent has more than 2 billion users globally and more than 100 million monthly active users. BitTorrent platform is used for downloading content that is stored using a peer-to-peer network. According to the official statement, BitTorrent is currently the “largest decentralized P2P communication protocol” in the world.
It was originally launched in July 2001, later was acquired by Justin Sun, the founder of blockchain platform TRON in July 2018. After the acquisition, the Tron Foundation launched a coin in the same name “BitTorrent” to derive benefits from the immense popularity of the BitTorrent platform. BitTorrent (BTT) allows content creators to connect with their audience, earn and spend digital currency without a middleman. (Source:). This is done by connecting BitTorrent peer-to-peer network to the TRON blockchain.
How to buy BTT?
If you are looking to buy BTT or any other crypto coin in the US, you can choose any crypto exchange out of the list of the best & secure crypto exchanges given below.
Top Cryptocurrency Exchanges in the USA
List of some of the best US exchanges to buy BTT or any other cryptocurrencies in 2021: (Source:)
Coinbase
Kraken
Gemini
Bitflyer
KuCoin
Bitstamp
Bittrex
Click:
Most popular Cryptocurrency exchanges in India
If you are looking to trade in crypto in India, you can choose any one of these popular platforms: (Source:)
WazirX
CoinDCX
Zebpay
CoinSwitch Kuber
UnoCoin
Click for more:
BitTorrent Price Prediction
BTT witnessed a bull run in the month of March & April 2021 when it touched an all-time high of $ 0. 013566. After touching the peak, BTT’s price struggled in the next two months and the prices of BTT tumbled to a low of $ 0. 0018 in June 2021. Since then, BTT has made a strong comeback and is currently trading at $ 0. 0040758. BTT is ranked as the 62nd biggest coin in the world (source:) and has a present market cap of $ 2. 68 billion. Looking at the peak of the coin and present recovery signs, it seems that BTT might perform better in the future.
According to many crypto experts, BitTorrent Coin is an underrated coin and has a huge potential for price hikes. Though it is difficult to make predictions in respect of crypto prices some crypto experts have predicted that BTT Coin may rise up to $ 0. 010 by the end of the year 2021. However, such predictions should be taken care of with due caution otherwise it may lead to a huge burden on your pockets.
Disclaimer: The information contained in this article is meant only for educational and entertainment purposes. This information does not constitute any investment recommendation or investment advice or financial advice. Taxwink does not recommend investing in any cryptocurrency. You should be aware that crypto markets are highly volatile and risky. Readers are requested to make proper research before indulging in trading in cryptocurrency and also in consultation with a crypto expert. Taxwink is not responsible for any loss or damage caused due to the application of the above information by any reader.
These are the personal views of the author and the is not responsible in regard to correctness of the same.
What is a Shitcoin? – Bit2Me Academy
What is a Shitcoin?
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Frequently Asked Questions about is bittorrent good
Is it good to invest in BitTorrent?
According to many crypto experts, BitTorrent Coin is an underrated coin and has a huge potential for price hikes. Though it is difficult to make predictions in respect of crypto prices some crypto experts have predicted that BTT Coin may rise up to $ 0.010 by the end of the year 2021.Sep 16, 2021
Is BTT a Shitcoin?
On the other hand, other implementations such as Dent (DENT), BitTorrent (BTT), TRON (TRX) and Dogecoin (DOGE) do represent, for many experts, true shitcoins. Since these projects were created without a clear or useful purpose, rather than enriching their developers, but without adding any value to the system.Jul 19, 2021
Does BitTorrent have a future?
Indeed yes. Since the currency is just a few years old, its performance will be quite bullish, say at least for 3 years price rise is guaranteed. The movement of BitTorrent can be tracked diligently based on technical analysis.4 days ago