All crypto users enjoyed a fairly profitable period from mid-2020 through the first month of 2021. Cryptocurrency has broken through many barriers and has continued to rise despite all the adversities. Like other cryptos, BitTorrent has had a good year behind it. To date, it has grown over 2000%. In this article we are going to share our own and the market forecast of the cryptocurrency. But before we dive deeper into it, let’s take a look at BitTorrent and its background.
BitTorrent was founded in 2001 as file sharing software over a peer-to-peer network. File sharing, including downloading music, movies, and games using torrents, is the main function of the software. The best part is that there is no limit on file capacity.
In 2019, the Tron Foundation acquired BitTorrent and established a BitTorrent token cryptocurrency (BTT) to incentivize network users and expand their protocol. File providers get BTT for sharing the file on the system, while users issue BTT to request files or increase download speed.
BitTorrent currently has around 100 million users with over 2 billion installs. It has a limit of 990 billion tokens. BitTorrent is the largest peer-to-peer software on the blockchain.
Bit torrent predictions by media
While BitTorrent got off to a slow start, it has done quite well, especially with Tron’s entry. All predictions show a possible price increase. In fact, an ICO on Binance sold out in just 15 minutes earlier this year. It hit an all-time high of $ 0.010589 on April 1st. It is currently at $ 0.00589677.
TradingBeasts Bittorrent Price Prediction 2021
TradingBeasts combines polynomial and linear regressions with historical data to enable predictions for cryptocurrencies. The platform predicts that the price of bittorrent will hit $ 0.0044446 by early June 2021 and $ 0.004830 by the end of the year. The maximum price for cryptocurrency is estimated at $ 0.0060376 while the minimum price is estimated at $ 0.0037779.
By December 2021, the website predicts that the average price of the cryptocurrency will reach $ 0.0048301, between a maximum price of $ 0.0060376 and a minimum price of $ 0.0041056. One year from now, the cryptocurrency is expected to trade at an average price of $ 0.0053071, while the high is expected to hit $ 0.0066339 and $ 0.0045110 on the lower side.
By December 2024, the site expects the cryptocurrency to trade at an average price of $ 0.0097058 on the higher side or drop to a minimum price of $ 0.0066000. The price is forecast to average $ 0.0077647.
WalletInvestor BitTorrent Predictions
WalletInvestor describes BitTorrent as a “great” investment. The website predicts that the price of bittorrent will increase by 1016.95% over the next five years. The cryptocurrency is expected to launch in June at an average price of $ 0.00340 and climb to $ 0.00426 on June 30, 2021 during the month.
In the following months, the price is expected to rise steadily, eventually reaching USD 0.006 in October 2021. The wallet investor system predicts the price will close the year with an average price of $ 0.00748.
One year from now, the cryptocurrency is expected to trade at an average price of $ 0.0121. In five years, the price of the cryptocurrency is expected to hit an average of $ 0.04. To be precise, the wallet investor’s predictions predict that the average price of BitTorrent will hit an average price of $ 0.0477, while the minimum price is between a minimum of $ 0.0340 and a maximum of $ 0.0615.
Bittorrent price prediction from CryptoPredictions
CryptoPredictions predicts that Bittorrent will hit a new ATH of $ 0.031 in the second quarter of 2021. The website continues with further positive predictions for the third quarter of 2021, when the coin should open at $ 0.012 and hit a new ATH of $ 1, according to the website. In 2022 and 2023, the site expects Bittorent to trade in the $ 0.39 and $ 0.50 price range, respectively.
Bittorrent price prediction for digital coins
Currently trading at $ 0.00413442, DigitalCoinPrice.com expects the price of the Bittorrent cryptocurrency to grow steadily. According to the platform, the highest level the cryptocurrency can hit is $ 0.02016851 and hits the bottom at $ 0.01657721 on the lowest side.
In general, the platform’s predictions show that the price will rise in the future, making cryptocurrency a profitable investment. According to their data, the price may double in the next two years and trade at $ 0.00916661. In five years, the price is expected to reach $ 0.01455464.
Digital Coin predicts that Bittorrent will trade at $ 0.01173 through May 2025. By the end of 2028, the price of Bittorrent is expected to reach $ 0.017401 based on Digital Coin’s predictions. In general, based on prediction, Digital Coin postulates that cryptocurrency is an excellent investment.
In October and November 2021, the price is expected to trade at $ 0.02. The piece of the cryptocurrency is expected to reach $ 0.05 by May 2022 and exceed the $ 0.1 mark in January 2025. BitTorrent is predicted to close the year at $ 0.02 and hit $ 0.08 in December 2022. In addition, the cryptocurrency is expected to trade at $ 0.20 through December 2025. By early 2030, the site expects the cryptocurrency to trade at $ 0.36, hit $ 0.43 in July 2030, and close the year at $ 0.45 (December 2030).
BitTorrent has grown significantly. It is among the top cryptocurrencies with a massive return on investment. In fact, it is becoming one of the leading cryptocurrencies, breaking its all-time high in December 2017. The price is expected to increase many times over from the current $ 0.00414 to as high as 0.06 in the future. If you are a cryptocurrency investor, consider a strong interest in bittorrent. According to the predictions, it has tremendous potential to multiply your wealth significantly.