The blockchain is regarded as the fifth protocol. Latest to technologies like the internet, the blockchain now finds several use cases among which is file sharing. BitTorrent opens the way to 21st-century internet users to share files in the most secure way.
However, this BitTorrent price prediction focuses on the native cryptocurrency of the BitTorrent protocol, BTT. If you ever wonder about the prospects of this fast-growing cryptocurrency, then, you are in for a long enjoyable ride of BTT price prediction.
What is BitTorrent?
BitTorrent was inaugurated early in the year 2019. The project’s native token, BTT comes in the form of a TRC-10 utility token which is only compatible with the TRON blockchain. In this design, platform content creators of all sorts are able to engage with their audience. Also, they are able to earn while they spend the cryptocurrency without any intermediary.
As of now, BitTorrent provides a platform for the largest file-sharing protocol with more than 100 million users. The TRON Foundation acquired the platform in 2018 but the project could not kickstart under its network until 2019.
Users on the TRON blockchain can use BTT to play along with the files that content creators share on the network. BitTorrent is now recognized as one of the largest peer-to-peer software that exists on the blockchain.
BitTorrent Price Analysis
2019
BitTorrent [BTT] has had a rough year since landing on the crypto currency markets. Since its launch in 2019, the cryptocurrency has lost about 80% of its launching value.
Following its listing on CoinMarketCap on January 31, 2019, BTT traded at around $0.0004 in the first two days. However, later in the month of February, BTT launched a great start by surging as high as $0.0011 per unit of the cryptocurrency.
An explosive price pump was experienced in February. The price continued to decline for several months. Later, BTT recorded its all time high by reaching $0.001861in the end of May.
In the third quarter, price plunged greatly to $0.001 and continued the downfall until the end of the quarter.
By October 2019, BTT was trading at $0.0005. The price experienced a major downfall until the end of year. At the end of December 2019, BTT was trading at $0.0003.
2020
With the market being bearish, BTT continued its trade at $0.0002 during the start of January 2020. BitTorrent climbed to $0.0005 by the mid of February. Later the price shockingly dropped to $0.00013 to record it’s all-time low in March due to the Covid-19 outbreak.
Later, BTT started to surge significantly and touched the $0.0005 mark by August. The price experienced a major downfall until the mid of December. At the end of 2020, BTT plummeted to trade at $0.0002.
BitTorrent Price Prediction 2021
BTT continued the trade at $0.0002, the price it has ended the year 2020. Later the price started to grow steadily. The altcoin hit ATH at $0.003975 on March 20th. BitTorrent is anticipated to get decent assistance from several classifications of institutions. As this is the altcoin season, BTT might rise and it may trade between $0.005 and $0.008 for the whole year. By the end of 2021, Bittorrent might exchange at $0.01.
BTT Price Prediction 2022
The price might reach newer heights if the market and users support BTT. BitTorrent may remain stable at $0.01 with certain variations throughout the year. At the end of 2022, BTT might trade at $0.1.
BitTorrent 5 Years Price Prediction
BitTorrent has a great future. Leading OTT platforms may likely cooperate with BitTorrent by upcoming years as it ensures safety for its content. BTT might also cooperate with Spotify. By the end of 5 years, BitTorrent could trade at $1.