Every single project in the crypto sphere offers a unique blend of features to its users. BitTorrent is one of the emerging cryptocurrency projects, which was established to provide a secure network. That extends its services as a file-sharing protocol, which has been the primary motive of the firm. 

BitTorrent has caught the attention of savvies from the business, with the recent launch of BTTC on the mainnet. And the much-talked-about token denomination. Puzzled with the talks around BTTC and token denomination? Join in as we discuss about BTTC, token denomination and the price prediction of BTT for 2022 and the years to come.

Overview

BitTorrent (BTT) Price Prediction For 2022

  BTT token initiated the year 2022 at fairly lower levels and in the mist. On the 18th of January, the token was seen trading above $0.000003054. Which has been the ATH of the digital asset. After a pullback to $0.00000203, the altcoin posed a rebound to $0.00000240 by the 7th of February. But was pushed down by negative sentiments in the business.

The slip from the highs of the 7th of February took the price to its all-time low of $0.00000169 on February 24th. While BTT climbed up to its support at $0.00000204, by the st of March. The leg-up was short-lived as it took another plunge to $0.00000171. Over the next fortnight, the digital asset saw an ascending rise closing its quarterly trade at $0.00000235.

BitTorrent’s (BTT) Price Prediction For Q2 Of 2022

 An escalating rise from the current trading value of $0.000002045. A push by the bulls could take the price to its potential high of $0.0000026. Which would be the closing price tag for the second quarter. That said, with routine trade pressure, the price of BTT could settle at $0.00000228. In contrast, if the bears weigh heavier than the bulls the price could land at $0.00000215.

BTT’s Forecast For Q3

 If the digital asset commences the third quarter with a bullish note from the second quarter. With the introduction of newer users, the price could soar to its potential high of $0.0000029. Whilst a balance between buying and selling pressures could take the price to $0.00000259. A possible dump can push the price to its potential low of $0.0000023.

BTT’s Prediction For Q4

  The optimism of the Q4 and commissioning of updates and improvements could propel the price to a new ATH of $0.00000325. On the flip side, negative criticism, and lack of interest in traders could land the price at $0.00000283. That said, we can expect an average closing price of $0.0000309.

BitTorrent’s Price Forecast For 2023

 The protocol would see the influx of newer investors at a steady pace if they find a linear rise in price. With a push coming from the healthy relationship with financial institutions and newer adoptions. The price could hit its maximum annual closing price of $0.00000482.

Whilst the lack of bullish impetus and continuity in routine exchange of trades could settle the price at $0.00000406. On the contrary, negativity and lack of volumes could land the price at $0.0000349.

Price Prediction For The Next 5 Years

  Over the next 5 years, the price of BTT could thrive higher. With impetus coming in from the efforts of the new developers and community investors. The digital asset would receive further supplements from its growing user base, file sharing tech, and dlive, amongst others. 

The impetus could drive the price to its potential high of $0.00002275. That said, regular trade pressures and the dominance of hodlers could limit the price to average levels of $0.00001979. On the contrary, if the digital asset fails to strengthen its stance in the business it could settle at $0.00001463.

What Does The Market Say?

Digital Coin Price:

As per the analysts from the firm, BTT could close its annual trade for 2022 with a potential high of $0.00000246. The analysts have set the minimum price target for the year-end at $0.00000213. That said, the average target level is set at $0.00000228. 

Trading Beasts: 

  According to Trading Beast’s prediction, the price of BTT could hit a potential high of $0.0000036 by the end of 2022. The analysts from the firm expect the digital asset to end its trade with minimum and average levels of $0.0000024 and $0.0000029. Trading Beast forecasts the average price target for 2023 and 2025 at $0.0000036 and $0.0000048 respectively.

Tech News Leader:

  The forecast from Tech News Leader pins the maximum closing target for 2022 at $0.00000315. Whilst the average price for the annual closure is set at $0.00000283. The firm expects BTT to soar to its potential highs of $0.00000477 and $0.000001045 by the end of 2023 and 2025.

Click here to read our detailed price prediction of Uniswap!

What is BitTorrent (BTT)?

BitTorrent is a peer-to-peer file-sharing platform that has become more decentralized in recent times. Founded by Bram Cohen in July 2001, BitTorrent was taken over by the Tron platform owned by Justin Sun in July 2018. Thereafter, the BTT platform has been upgraded with additional tools with a dedicated native currency BitTorrent Token (BTT).

BTT is a TRC-20 utility token, which is based on the Tron blockchain, that powers popular decentralized projects and applications. Decentralized applications such as BitTorrent speed, BitTorrent file system, Dlive, etc.. are powered by the BTT token.

Fundamental Analysis

 BitTorrent was founded by developer and entrepreneur Bram Cohen. The founder developed the project to depose the dated entertainment space which made obtaining material slow and expensive. BitTorrent is supported by a robust and high bandwidth blockchain. The platform is based on cryptographic methods, which are dependent on “zero-disclosure” evidence.

The project went live on Tron mainnet in January 2019. The protocol enabled users to utilize tokens in the BitTorrent speed application to boost download speed in July 2019. Further, BitTorrent’s decentralized file-sharing protocol BTFS was launched on the mainnet in October 2019.

Fast forward to the 12th of December 2021, BitTorrent Chain (BTTC) went live on the mainnet. BTTC is the first heterogeneous cross-chain interoperability protocol, which adopts the PoS mechanism. And employs side chains for scaling smart contracts. The makers have implemented the redenomination of BTT tokens, whilst maintaining the previous market capitalization.

Successively, the old BTT tokens (BTTOLD) have been swapped with new BTT tokens. Which are done at a ratio of 1:1000. That said, the total supply of BTT tokens has been increased from 990,000,000,000 to 990,000,000,000,000. The move comes to counter the low total supply of BTTOLD, and the inherent problems associated with the same.

Our BTT Price Prediction

 According to Coinpedia’s formulated Bittorent price prediction, if the network continues to work concerning enhanced security. BitTorrent file system, and speed then the price may witness an intense rally. Moreover, the recent redenomination of the digital asset could also play as a stimulant to the rally. That said, the digital asset could close the trade for 2022 at $0.0000033.

Whilst routine trade pressures could settle the price at average levels of $0.000003. If the protocol fails to stand to its expectations, the bears could take the price down to $0.0000028. 

To read our price forecast of Solana’s SOL click here!

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