For a while, crypto investors were mainly focused on Bitcoin, but now it seems like the altcoin season is fully underway. Many alternative cryptocurrencies have been performing so well that blockchain enthusiasts start to turn their attention to undervalued gems like BTT.
In this article, you will find everything you’ll need to know about the BitTorrent token: what it is, what is its use case, and why the BTT price predictions made by the experts are so bullish.
What is BTT?
BitTorrent is well known and widely used by hundreds of millions of people around the world. It is a decentralized, peer-to-peer network, which was one of the inspirations that made Satoshi Nakamoto create Bitcoin.
The BitTorrent network was launched in 2001 by a developer named Bram Cohen and quickly gained massive popularity. BitTorrent allows people to effortlessly share and download all types of media such as movies, video games, and music.
BitTorrent existed for a long time without any changes. Then, in February 2018, BitTorrent was purchased by TRON, one of the most famous crypto projects on the market.
TRON greatly enhanced the BitTorrent network by adding many new tools and solutions. But the biggest improvement was the launch of the BTT token in February 2019.
BTT adds a vast array of decentralized, blockchain-based features to the BitTorrent network. The users are able to earn BTT tokens by seeding (uploading) files, and the BTT tokens they earn can be used to purchase premium BTT functions, such as privacy-improving VPN features or upgraded transfer speed.
BitTorrent (BTT) Price So Far
For a long time after its launch, BTT was a rather underperforming asset. All throughout 2020, the BitTorrent price was rather low. Then, in February 2021, the BTT skyrocketed.
The BitTorrent token is definitely one of the greatest winners of the current crypto bull run. In a very short period of time, BTT turned from a less-known coin underappreciated by the investors into a token that will likely enter the list of top 30 digital currencies by market capitalization very soon.
On March 27th, 2021, BTT reached a new all-time high of $0.004159, which means that the overall rate of interest of BTT is now over 3068%. Even given the high supply of tokens (990,000,000,000 BTT), the current BitTorrent price seems very low, as there is almost certainly a lot more room for growth for BTT.
It’s no wonder that the BTT price forecasts for 2021 are so bullish. Extremely solid technical fundamentals of BTT and its strong backing by TRON were neglected for so long that when the blockchain enthusiasts finally noticed the BTT token, it quickly became one of the cryptocurrencies in the highest demand.
BTT Price Predictions: Will BitTorrent Reach $0.01 by the End of the Year?
When it comes to the BTT price, the most obvious goal seems to be the $0.01 level. Surging over this significant psychological resistance would break new ground for BitTorrent, and possibly let it become one of the top 10 tokens on the market.
Most members of the crypto community seem to agree that $0.01 by the end of the year looks like a realistic possibility for BTT. For example, blockchain developer Junaid Ashraf gives $0.011025 as the minimum BTT price forecast for 2021 but adds that the price might appreciate by much more and possibly even reach $0.016214 by the end of the year.
Never expected this by BTT.
The BitTorrent (BTT) price is forecasted to reach $0.012983 by the beginning of March 2021. The expected maximum price is $0.016214, minimum price $0.011025. The BitTorrent price prediction for the end of the month is $0.012971.#BTT to moon🚀🚀🚀
— Junaid Ashraf⚡ (@connect_junaid) February 10, 2021
Popular Youtube analyst Golddust analyzed many different market indicators regarding BitTorrent, and also arrived at a similar conclusion. According to him, $0.013700 is “the most realistic BTT price prediction for the end of 2021”
Youtube researcher going by the name CryptoXan also thinks that BTT is destined to reach $0.01 before 2022. However, CryptoXan warns that he believes a correction is in due, and that in the short-term the BitTorrent price might lower a bit due to selling pressure before it starts to appreciate again.
However, not everyone is so enthusiastic. A popular crypto trader going by the name Kraze Mike thinks that while the BitTorrent price will likely double, it might not have enough momentum to reach $0.01 before the end of the year.
Realistic eoy price predictions.#Bitcoin $75,000 @binance #BNB $600@Tronfoundation #TRX $0.15@cryptocom #CRO $0.50@BitTorrent #BTT $0.008@PancakeSwap #CAKE $51@Ripple #XRP $0.95@ethereum #ETH $2,850@WINkorg777 #WIN $0.015@defi_sunio #SUN $200
List your coin👇
— Kɾαȥē Míƙҽ (@KraZeMike83) March 27, 2021
Bullish BTT Forecasts: Can BitTorrent Reach $0.03 or More in 2021?
While most people seem to believe that $0.01 is the most realistic price goal for the BTT token to reach by the end of the year, some experts think that BitTorrent can potentially appreciate much more.
According to the popular Youtube channel Crypto Profit, $0.01 is the most probable BTT price prediction for 2021, but it should be treated as a minimum forecast. It’s possible that if the current crypto bull run continues, BTT will even be able to reach $0.02 or $0.03 by the end of the year.
Mike Tha Investor, one of the most renowned Youtube crypto analysts, is even more bullish about the BTT token. He believes that while $0.01 is the short-term goal, the potential possibilities of BitTorrent are much larger than that since BTT might have what it takes to become one of the largest projects on the market soon. According to Mike Tha Investor, the BTT token price can even reach $0.05 by the end of 2021, and BTT can possibly be worth as much as $1 in the long term.
Will BitTorrent Ever Reach $1?
BitTorrent is one of the most solid projects in the crypto ecosystem, but the total supply of BTT is very high. Because of that, the price of 1 BTT is still low. While BitTorrent might eventually reach $1, it’s unlikely that it will happen in 2021.
Is BitTorrent (BTT) Dead?
BitTorrent is not dead because BTT is a good investment.
The project tags an enviable history and is technically the first P2P network launched ahead of Bitcoin.
This gives BitTorrent credibility.
Second, for critics who think BTT will crash to zero, BitTorrent is under safe and very deep pockets of Tron following its acquisition in 2018.
Since then, BitTorrent rides on Tron—a very active network, even exceeding Ethereum in some aspects.
Conclusion: Is BTT a Good Investment?
When it comes to having a solid background, BitTorrent is one of the projects with the best credentials. BTT is supported by TRON, one of the most popular companies in the blockchain ecosystem, and the name BitTorrent has been around for 20 years, being instantly recognizable to most Internet users around the world.
Given the strong fundamentals of BitTorrent, it’s almost certain that the BTT price will continue to appreciate. It looks like the BTT token might even become one of the most popular digital assets in the future.
Most analysts and experts agree that caution is advised while investing in the BitTorrent token. Since the BTT price has erupted so massively in such a short time, it’s possible that the selling pressure will cause the BitTorrent valuation to fall short-term, before the price continues to rise.
When it comes to a 1-year forecast, the general sentiment among the crypto community is clear: BitTorrent will keep appreciating in value. If we take all things into consideration, $1 seems like the most realistic BTT price prediction for 2021.
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