BitTorrent Price Prediction: Will BTT Price Rise & Shine in 2020?
It is during February 2019, Justin Sun came up with a “fresh” coin into the market. The cryptocurrency Bittorrent made a great entry among the users. The ones who could manage to buy it in the initial days of the sale got more wealthy. The curious thing now is to know what will happen to the coin next? Will it make it up to the top crypto asset?
It will be much more interesting to know how will the coin in the future days!! Also, get through this detailed guide of the BitTorrent price prediction.
BitTorrent Price Today
The cryptocurrency, BitTorrent is currently trading at the 61st position with the price of [coins symbol=”BTT”] and a market capitalization of [coinsMKTCAP sym=”BTT”]. The total supply of BitTorrent is 990,000,000,000 BTT while its circulating supply is 212,116,500,000 BTT.
What Is BitTorrent?
The cryptocurrency, BitTorrent was launched in early 2019. The BTT token represents a TRC-10 utility token which is completely based on TRON blockchain. Through this, the content creators can connect with their audience, earn as well as spend digital currency without any middlemen.
The largest file-sharing protocol, BitTorrent has more than 100 million users which the TRON acquired in June 2018. Presently, Tron has launched its own coin on the TRON network. Using BTT, the users can play along with the file shared. BitTorrent also announced “Project Atlas”, which is a new iteration of peer to peer software.
Historical Trends
BitTorrent was launched in early 2019 and listed on the Coinmarketcap on Jan 31, 2019. Initial two days the currency traded at lower prices of $0.000475 and having a zero market cap value. But, later BitTorrent made a good start by trading at its highest till $0.00122. BTT continued to trade in the range of $0.00075-$0.009 for a longer span of a month.
On March 13, 2019, the market capitalization took a major upward trend to $127,989,911. The price continued in the same range of 0.00075. Moving further to April 25, 2019, the price saw a fall to $0.0006 which continued to trade in the same range. It is on May 19, when the price saw a major uptrend to 0.0011. And now the currency is trading at its best of 0.0012 USD.
BitTorrent Price Prediction 2019
The cryptocurrency BitTorrent has made a grand entry in this crypto world with the support of big market players. Basically, the TRON and BitTorrent merger is known as the “Project Atlas”. BitTorrent is the luckiest to receive support from the great influencers like Justin Sun and Changpeng Zhao. Hence, without any doubt, the currency is regarded as one of the top 50 cryptocurrencies in the world. Having considered all these aspects, BTT was supposed to reach around $0.00400 by the end of 2019.
BitTorrent Price Prediction 2020
As BitTorrent is expected to get good support from various categories of institutions, the price may spike in 2020. BTT will have an amazing future, this is why Netflix and Amazon Prime may collaborate with BitTorrent. The currency already has quite a big user base in the world, which is why it might create a brand new ecosystem in the world of media and may also collaborate with Spotify. Owing to all the above factors, the currency may reach $0.0080 by the end of 2020.
BTT Price Prediction 2025
With this tremendous future, BitTorrent may even make its way to the top 10 cryptocurrencies by its market cap. All of the security issues that BTT faced in the past will disappear in the next 5 years. There will also be control over the malware and attacks. The main advantage that BTT has, is before it becomes a cryptocurrency, it already has a huge fan base. This will bring BTT to the highest trading value of $0.01 considering the conservative point of view and analysis.
Market Price Prediction
Wallet Investor
The Wallet Investor website used technical analysis and offered BitTorrent coin price analysis different on what it stated before. The price of BitTorrent may drop from 0.000330 USD to 0.000135 USD, it says. The change will be -58.965%.
DigitalCoin Price
Digitalcoinprice is much more optimistic about BTT price forecast stating that by the end of 2020, the coin will rise and reach $0.0016 USD. They recommend the token as a profitable investment.
Coin Checkup
Coin Checkup follows a few special metrics to predict the BitTorrent price. They believe BTT may reach to the heights of $0.0341 by the end of 2020.
Our Prediction
Following the crypto trend, we are as well positive about BitTorrent success. We strongly believe that BitTorrent will be a game-changer. In the second quarter of 2020, BitTorrent will come up with BitTorrentSpeed, this will reward the users with BTT in exchange for bandwidth and seeding. Basically, this is aimed at increasing speed and creating an effective ecosystem. As per our analysis, the BTT price is expected to reach $0.0045 by the end of 2020.
Recent updates
Justin Sun Highlights Major Updates for BitTorrent Ecosystem
When the crypto industry is bleeding badly due to the covid-19 outbreak, TRON CEO Justin Sun has come up with some refreshing updates about the BitTorrent ecosystem.
Justin Sun said that
“We’ve rolled out BitTorrent Speed partially to fresh installs & will roll out 100% to fresh installs in April. In the Q2, we’ll update Speed with $BTT to all 30 mil DAU. So far, the network’s stability & network effects have improved dramatically since BTT was introduced. We launched #BTFS in March. On the demand side, lots of amazing decentralized products are in the pipeline ready to launch BTFS.”
Final Thoughts
No doubt BitTorrent will definitely maintain a positive impact in the crypto world. This digital asset was also once tipped to be the next Bitcoin. The BitTorrent price has taken a hit after it sold over $7.8 in just two minutes of its launch. For the last few days, BitTorrent is one of the 5 most traded cryptocurrencies. Also, investors and traders look forward to the coin with a positive aspect.
What is your BitTorrent Price Prediction for 2020? Share your thoughts on our Twitter and Facebook pages.
