BitTorrent will increase by 133.64% and reach $ 0.0₆8968 if it reaches the higher value target for 2024. According to our BitTorrent price prediction, BTT is forecasted to trade within a price range of $ 0.0₆3888 and $ 0.0₆4163 this week. BitTorrent will increase by 7.10% and reach $ 0.0₆4163 by Oct 08, 2023 if it reaches the higher value target. Cryptocurrency traders have long been looking for ways to accurately predict the future price of their investments. With the emergence of a variety of new technologies, the search for a reliable and accurate price prediction tool has become increasingly important.

  • To that end, BitTorrent was acquired by the Tron Foundation, creators of the Tron blockchain, in 2019.
  • The token’s value has remained volatile, moving largely in line with the cryptocurrency market.
  • For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction.
  • The old tokens will remain in use for some time and have been renamed as BTTOLD.

BitTorrent has traditionally seen structural inefficiency, as it’s possible for users to complete file downloads before they have uploaded an equivalent volume. Once their downloads are completed there is no incentive for them to continue uploading. BitTorrent is one of the world’s largest P2P file-sharing networks, with more than 90 million active users and an installed base of more than two billion software clients. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. This BitTorrent Profit Calculator uses a simple mathematical principal to calculate the ROI of BitTorrent.

Conversely, a drop below an important moving average is usually a sign of weakness in the BTT market. BitTorrent traders use a variety of tools to try and determine the direction in which the BTT market is likely to head next. BitTorrent is forecasted to trade within a range of $ 0.0₆3379 and $ 0.0₆4474. If it reaches the upper price target, BTT could increase by 16.56% and reach $ 0.0₆4474.

How does BitTorrent Profit Calculator Works?

BitTorrent recorded 13/30 (43%) green days with 1.91% price volatility over the last 30 days. In conclusion, the how to purchase xlm is an invaluable tool for cryptocurrency traders and investors. By using this application, traders are able to make more informed decisions and potentially increase their returns. The calculator is easy to use and provides users with a reliable and accurate prediction of the future price of Bitcoin and other cryptocurrencies. Short-term technical analysis for the new BTT token was bearish at the time of writing on 30 November, according to data compiled by CoinCodex.

According to our BitTorrent forecast, the price of BitTorrent will increase by 10.12% over the next month and reach $ 0.0₆4281 by November 4, 2023. According to our historical data, it is currently not profitable to invest in BitTorrent. BitTorrent is predicted to gain 0.00% and reach a price of $ 0.0₆3888 tomorrow.

An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. Many cryptocurrency traders pay close attention to the markets when the current BitTorrent price crosses an important moving average like the 200-day SMA. The 50-day SMA indicates the average price of BitTorrent over a 50-day period.

BitTorrent price analysis: Bearish Trend Continues for BitTorrent (BTT) as Price Tests Key Support Levels

The BitTorrent Token (BTT) is yet to celebrate its third birthday on January 20, 2022. Counting down events from the last year, the token team was able to deploy the world’s first decentralized live stream, the Dlive protocol. BTT token is bought and spent by those who request data or wish to increase their download speed. However, if the price closes below the previous daily higher low, there will be lower lows.

Based on our technical indicators, BitTorrent’s 200-day SMA will drop in the next month and will hit $ 0.0₆4879 by Nov 04, 2023. BitTorrent’s short-term 50-Day SMA is estimated to hit $ 0.0₆3894 by Nov 04, 2023. BTT started its journey at $3.76437e-07 on 27th September 2023 and has pumped by 1.34% over the course of the past 0 months and 8 days.

The CoinCodex Cryptocurrency Price Tracker

In addition, you can buy BTT coins on these platforms with local currencies, such as the Indian rupee. Going by its market cap, it has become one of the best gainers in the shortest time. Along the way, we will take a look at BTT price analysis before we go into BTT price prediction. With an increase in its trading volume and market cap, the BitTorrent’s price has shown a good increase of 1.07% in the last 24 hours.

Will BitTorrent Burn its token supply?

Cryptos are today not just the most beneficial assets but also the riskiest as well. Bit Torrent token has recently become a popular choice among crypto traders. Apart from its popularity amount among the crypto community, Bit Torrent is continuing to develop its own ecosystem. As a result, BTT Coin is among the most innovative altcoins that gained investors’ eyes in the crypto space. It’s worth noting that its price can be volatile, so it’s important to keep track of the latest trends before investing. However, many experts believe that BTT still has a lot of potential for long-term growth.

At TradingBeasts, we do our best to provide accurate price predictions for a wide range of digital coins like BitTorrent. We update our predictions daily working with historical data and using a combination of linear and polynomial regressions. BitTorrent is one of the most popular crypto projects among blockchain enthusiasts. Again, BitTorrent is one of the largest torrent trackers that provides information exchange, data storage, etc. According to our BTT price prediction, we expect the coin to grow in the future. It is essential to know that the general market volatility remains a crucial factor in influencing this token’s price in the future.

These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency how to transfer from crypto wallet to fiat wallet exchange hacks, and other real-world events can also affect the price of BTT. The market capitalization of BitTorrent can change significantly in a short period of time.

Good Investment? Current price today: ▲0.000000958 USD (+1.740%)

As per its current token supply, technically it’s not possible for the BTTC token to touch the target of $1. For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin’s price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project’s whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

BitTorrent Price History

AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. BitTorrent token [BTT] has had a rough year since landing on the cryptocurrency markets. Since its launch in 2019, the cryptocurrency has lost about 80% of its launching value. Last but of course not least, is BTT on the 4-hour time frame using the logarithmic chart.

The calculator provides users with a predicted price, along with an accuracy rating. This rating allows traders to assess the reliability of the prediction and decide whether to trust the prediction or not. Additionally, the Btt Price Prediction Calculator can be used to make investments in the future. By using the calculator, traders can make predictions about the future market and use this information to make investments that will potentially generate higher returns. As per our price analysis, the long-term investment in BTTC Coin appears to be a good option to consider. Even though the price seems bullish, Bit Torrent Coin and other Cryptos are volatile and can change their price direction at any time.

Bit Torrent is the world’s most popular Torrent platform that is popular among millions of internet users. Due to the Torrent tag, the crypto community has huge expectations of Bit Torrent tokens. It’s important to keep in mind that cryptocurrency prices are highly volatile and difficult to predict. Always repo coin price chart do your own research, and never invest what you cannot afford to lose. In the meantime, at the time of writing (30 November 2022), some forecasts did expect the BTT cryptocurrency to rise over the long term. Nevertheless, some experts point out that BTT may be a risky investment due to its volatility.