BTT Coin Latest Price Predication
As of 06 March, 2022 BitTorrent is trading at $0.002 in terms of its USD rate with a price change of -2.81% in the last one hour. BTT has a total marketcap of $2,245,485,083 with the 24 hour trading volume of $334,678.00. This makes BitTorrent (BTT) rank at 205 in the cryptocurrency market.
Is BitTorrent BTT 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 prediction and its price.
- BitTorrent
(BTT) - Price $0.00000200
- Market Cap
$1.8 B
BitTorrent Price Prediction 2022
Though it is too early to predict whether BTT will drop from the peak, what stays clear is there is light at the end of the tunnel for sure. As per BTT price prediction 2022, BitTorrent price prediction will continue to indicate a positive trend among the receding Pandemic scenario touching the $0.0022-$0.0027 mark in one year. Moreover, the first half of this year is going to show fast growth. The predicted price of BitTorrent for the first half is around $0.0026 which is +44% the current price which is determined by the market sentiments next months.
BitTorrent (BTT) Price Prediction 2023
According to the BitTorrent forecast price and technical analysis, in 2023 the BTT price is expected to cross an average price level of $0.004, the expected minimum price value of BitTorrent by the end of the current year should be $0.004. Moreover BTT can reach a maximum price level of $0.005.
BitTorrent Price Prediction 2024
BitTorrent will rule the crypto kingdom with a performance of price pegged between $0.0098-$0.010.
BitTorrent Price Prediction 2025
The BitTorrent (New) value will increase because of the efforts of the network developers and community investors. Therefore, the calculated price for the year 2025 is bullish. BTT was anticipated to touch a maximum price level of $0.00000869 by the end of 2025, according to analysts. On the other hand, it is highly optimistic that the BitTorrent (New)’s future will ultimately grow. Therefore, the predicted average price of BTT will be around $0.00000695 to $0.00000716 is expected in 2025 depending on the market. As stated in the same slogan, the BTT’s maximum price ranges from $0.00000695 to $0.00000869 for 2025.
BitTorrent (BTT) Price Prediction 2026
According to the BitTorrent forecast price and technical analysis, in 2026 the BTT price is expected to cross an average price level of $0.014, the expected minimum price value of BitTorrent by the end of the current year should be $0.013. Moreover BTT can reach a maximum price level of $0.016.
BitTorrent Price Prediction 2027
As per the forecast data analysis, the price of BTT is expected to cross the level of $0.00383. By the end of the year, BitTorrent is expected to reach a minimum fee of $0.00338. In addition, the BTT price is capable of getting a maximum level of $0.00515.Investors and holders of crypto assets must know the price of BitTorrent (BTT) in 2027.
What Is BitTorrent (BTT)?
BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years.
Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018.
Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard.
According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world.
Who Are the Founders of BitTorrent?
The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena.
Cohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive.
The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves.
In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him.
TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. The move formed part of TRON’s efforts to add further decentralized features to the platform.
What Makes BitTorrent Unique?
BitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content.
Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly.
In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018.
Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base.
Among the added features are BitTorrent Speed, which uses the BTT token as part of its operations.
BitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing.
How Many BitTorrent (BTT) Coins Are There in Circulation?
BTT is BitTorrent’s native cryptocurrency, issued on TRON’s blockchain as a TRC-10 standard token.
The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. 6% of that total was available in a public token sale, 2% in a private token sale and 9% in a seed sale.
Another 20.1% are reserved for airdrops, which are set to occur at various points until 2025. The BitTorrent team and umbrella organization, the BitTorrent Foundation, were awarded 19% of the supply. The TRON foundation holds 20%, with 19.9% going to the BitTorrent ecosystem itself.
A final 4% of tokens are reserved for partnership activities.
BTT plays various roles in BitTorrent’s products, including allowing users to pay others for faster downloads with BitTorrent Speed.
How Is the BitTorrent Network Secured?
BitTorrent says that it employs “the highest level of security measures” in order to secure user funds, but advises that cryptocurrency involves inherent risk. The company recommends that users protect themselves against theft, in the form of malware or similar programs, by using options such as biometric verification.
