BitTorrent was one of the early representations of the torrent-specific file-sharing system led by the likes of David Harrison and Bram Cohen in 2001. More than two decades later, this BitTorrent price prediction will consider the future price potential of BitTorrent’s native token, BTT. And just so you know, we predicted a high of $0.00000094 for BTT in 2023, which was realized and bettered by this file-sharing project, making us expectant of 2024 and beyond!
Interestingly, BitTorrent continues its vision to help people share files at high speeds. So, with BTT, the native token, several aspects of P2P file sharing are now incentivized. So, how might BTT move compared to the broader crypto market? Let’s take a look.
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- BiTorrent price forecast and fundamentals
- BTT price prediction and the related tokenomics
- BitTorrent price prediction and key metrics
- BitTorrent price prediction and the technical analysis
- BitTorrent (BTT) price prediction 2023
- BitTorrent (BTT) price prediction 2025
- BitTorrent (BTT) price prediction 2030
- BitTorrent (BTT’s) long-term price prediction until 2035
- Is our BTT price prediction model accurate?
- Frequently asked questions
This article may be outdated, we suggest you visit our new BitTorrent Price Prediction tool.
BiTorrent price forecast and fundamentals
BitTorrent adopted crypto and blockchain holistically in 2018 when it migrated to the TRON platform. Since then, the popular torrent platform has expanded its lineup of tools and products. At its heart, BitTorrent remains a decentralized protocol for file sharing, now with a product lineup of torrent downloaders and crypto-specific and pre-incentivized tools.
Here is what BitTorrent offers under the hood:
The BitTorrent File System, or BTFS, works as a decentralized storage system.
The next crypto-powered product relevant to the BitTorrent network is BitTorrent Speed — a token-driven downloader. Remember downloading torrent-specific files and then quickly disabling seeding?
Did you know? BitTorrent (BTT) came up with a concept of tokenized bandwidth, allowing users to exchange BTT for achieving better speeds.
Seeding was always handy for making the concerned file more widely available, courtesy of faster download speeds. With BitTorrent Speed, seeding is now incentivized. Users earn BTT tokens for letting the content seed (be shared) even when the download is finished.
Here is what the interface looks like:
More about the BTT token
The BitTorrent token, or BTT, is the protocol incentivizing tool. The focus is on compensating users for sharing downloaded files or seeding them, even post-download. Further, BTT tokens are also the incentivizing layer relevant to the BTFS.
With BitTorrent migrating to TRON, BTT is now a TRC-20 token. Note that the BitTorrent File System (BTFS) and the BitTorrent Speed are the relevant DApps that can use BTT.
“Justin Sun acquired BitTorrent the company and it launched the BTT token after that.”
Bram Cohen, Founder of BitTorrent: X
Overall, the BitTorrent ecosystem looks strong enough to survive a bear market as it solves an important real-world issue: slow file sharing.
BTT price prediction and the related tokenomics
BTT has a total supply of 990 trillion tokens. Moreover, 952 trillion BTT tokens make up the circulating supply.
Moreover, with torrents being such an important use case, we expect BTT tokens to continue to enter circulation over time. Yet, as BTT comes with speed-specific perks, we expect the BTT tokens to increase in value over time.
Here is an interesting trend related to the tokenomics model. Note that the market cap and trading volume of BTT tokens have remained steady over the past 30 days (as of Feb. 17, 2023). This shows that the price of BTT isn’t going through much volatility at the moment. And that is one of the reasons why BTT had the legs to go past the $0.000001 mark.
If you pull the latest market cap chart, another trend surfaces. BTT’s market cap started peaking in early December and is currently sitting at a yearly high point.
As for the trading experience, here are the trusted markets for BTT tokens. The BTT liquidity score was 50.278 as of February 2023, which showed that getting a buy/sell trade-in in relation to BTT wasn’t particularly hard. And now that in December, when the trading volumes have improved, liquidity shouldn’t be a concern.
Finally, token burn (20% of the revenue post every period) is also a part of BTT’s tokenomics model. That explains why there are only 12 million tokens left as part of the supply.
BitTorrent price prediction and key metrics
The 4-week volatility chart validates our earlier assumption about BTT’s lack of price volatility, as you can see the “Orange line” drop followed by an incoming price peak. This theory held true in early February as the prices slowly climbed over the next few months.
If you look at the current volatility metric, as of December 2023, the levels are declining, which might be good for the prices in months to come.
If the volatility troughs make lower lows, we can expect the short-term BitTorrent price prediction to turn positive.
Moving to the social mentions and corresponding price action, it’s evident that every BTT price peak coincides with a social mention bottom of sorts. As of February 2023, there was a significant rise in social mentions of the “Orange line,” increasing by 16.6% from mid-January to mid-February 2023. This surge resulted in a temporary adjustment in BTT’s trading activity.
If you take a closer look at the social volume chart from Santiment, another interesting trend surfaces. Before BTT surged, the social volume or rather activity started peaking. This shows the relation between the higher BTT prices and the social chatter.
However, these levels might not be absolute and are only based on historical data.
BitTorrent price prediction and the technical analysis
Before we delve deeper into the broader patterns and weekly charts, let us close in on the short-term BTT analysis.
Our December 2023 analysis
The BTT/USDT daily chart reveals that BTT trades inside a pennant. However, as the RSI shows bearish divergence, a breakout under the lower pennant trendline looks more on the cards. A dip under the $0.00000112 level can lead to a deeper correction in the short term.
A surge above the $0.00000126 mark, with high volume, can invalidate the bearish trend.
We shall now use the BTT-USDT pair at OKX to help us locate the future price and the long-term price forecast levels associated with BTT.
Looking at the weekly price chart, a clear pattern is noticeable. BTT forms three higher highs before reaching a peak of almost $0.0137. Since then, the prices have corrected at a clip, and three lower highs have been in place.
The current drop in RSI and a bearish divergence show that the dip might continue a little longer. We expect the current pattern to end, but the new higher high pattern that might surface would not blaze out suddenly.
Yet, the OKX chart lacks liquidity, marked by the low-action zone. Therefore, we shall now move to the daily price chart of BTT on Kraken to see a clearer picture.
Next price level using the daily chart
The daily BTT price chart and the relevant technical analysis show that BTT has broken out of a pennant pattern. And the token is, as of Feb. 17, 2023, trading at $0.00000073, with $0.00000082 being an important resistance. However, a drop below $0.00000065 might invalidate this bullish optimism.
Let us now see what pattern we can find on the daily chart.
Notice that there is a price peak in play at A. From A, the chart gives two highs and lows in between. So, we shall use the same to locate the next high. Here are the data sets that we would need.
To forecast BitTorrent’s price predictions for 2023, we can utilize different column values for our projections. Specifically, negative column values are applied for high-to-low points, while non-negative column values are used for low-to-high predictions.
The average increase from low to high is calculated at 67.97%, with the highest point being 83.42%. Conversely, the average decline from high to low is -60.98%, with the lowest drop recorded at -35.58%. These values provide a basis for plotting BitTorrent’s price prediction levels for 2023.
BitTorrent (BTT) price prediction 2023
Our BTT price prediction for 2023 was successful. In fact, BTT exceeded the same by at least 20%. Read on to know what we surmised a few months back.
Now, C or the $0.00000056 is in our sight as the last low. So, we can extrapolate the next high by 67.97% (the average growth percentage) to plot the next high at $0.00000094 by March 2023.
The next low, using the minimum high to low % surfaces at $0.00000061 by June 2023. Also, we have taken the minimum drop %, keeping the growth potential of BitTorrent in mind.
Consequently, $0.00000061 could be the lowest BitTorrent price prediction level for 2023.
BitTorrent (BTT) price prediction 2024
Outlook: Bullish
If the price of BTT manages to settle at $0.00000061 by 2023, we can expect the next price rally to show up by 2024 (as 2023 is expected to be tepid for the newer altcoins). Also, from the 2023 low, we can expect the high to surface at the peak of 83.42% instead of following the average. This could be the case as BTFS and BitTorrent Speed might grow into highly sought-after products.
The distance here could be the average between all the high points. For instance, A to B took 13 days, B to C took 114 days, and C to D (2023 high) would take 122 days. Therefore, we can expect the next high or E to surface at a minimum distance of 122 days from D. So, we expect the same to appear in 2024.
Calculations
The maximum distance in our formula is calculated based on specific intervals: from A to B is 13 days, from B to C is 114 days, and from C to D is 122 days. It’s important to note that the distance from C to D is effectively the combined duration of A to B and B to C minus five days.
Following this pattern, the length from D to E can be determined by adding the durations of B to C and C to D and then subtracting five days, resulting in a total of 231 days from point D.
We will position the next key point for our extrapolation purposes in the first week of 2024. Consequently, this leads us to a BitTorrent (BTT) price prediction for 2024 of $0.00000112. Given the high has already been established, we may anticipate the high for the 2025 BTT price prediction to occur in 2024.
Note that this level coincides with the strong support line created by B or $0.00000113.
Projected ROI from the current level: 27%
BitTorrent (BTT) price prediction 2025
Outlook: Bullish
The next low can hit the support level of $0.00000084. With the average price of BTT in 2024 closing in between the strong resistance and strong support levels, the next high, possibly in 2025, could again peak at 83.42% from the last low.
Therefore, the BTT price prediction for 2025 might surface at $0.00000154. The next low or the minimum price of BTT in 2025 could take support at $0.00000134 — which coincides with the previous peak or C.
Projected ROI from the current level: 84%
BitTorrent (BTT) price prediction 2030
Outlook: Bullish
The next high from the 2025 low could follow the average growth of 67.97%, as BTT might run out of surging strength in the future.
Even the price increase will eventually lead to some selling pressure, and hence, the prices might not move a lot in 2026. Therefore, the BTT price prediction in 2026 could surface at $0.00000225. Now that we have 2026 high and 2025 low, the fib levels can help us locate the price till 2030.
The same growth path till 2026, if extrapolated till the end of 2030, puts the BitTorrent price prediction at $0.00000671.
Projected ROI from the current level: 452%
BitTorrent (BTT’s) long-term price prediction until 2035
Outlook: Bullish
You can easily convert your BTT to USD here
Now we have the BitTorrent price forecasts in sight till 2030; we can extrapolate the same to locate the average price of BitTorrent through 2035. Here is a table that might help you locate the future price of the BTT tokens:
| Year | | Maximum price of BTT | | Minimum price of BTT |
| 2023 | $0.00000138 | $0.00000036 |
| 2024 | $0.00000112 to $0.00000154 | $0.00000084 |
| 2025 | $0.00000154 to $0.00000225 | $0.00000134 |
| 2026 | $0.00000225 | $0.00000175 |
| 2027 | $0.00000304 | $0.00000237 |
| 2028 | $0.00000455 | $0.00000355 |
| 2029 | $0.00000547 | $0.00000426 |
| 2030 | $0.00000671 | $0.00000523 |
| 2031 | $0.00000805 | $0.00000628 |
| 2032 | $0.00001208 | $0.00000942 |
| 2033 | $0.00001812 | $0.00001123 |
| 2034 | $0.00002718 | $0.00002120 |
| 2035 | $0.00003668 | $0.00002861 |
Is our BTT price prediction model accurate?
Our BTT price prediction model uses weekly and daily charts to construct a data-backed technical analysis. Plus, we have focused on the fundamental aspects of BitTorrent, social metrics, and on-chain analysis to build a holistic picture for would-be BTT investors. As such, this BitTorrent price prediction model is as relatable and practical as possible in a volatile crypto market.
Frequently asked questions
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