Best cryptocurrency exchange to buy BitTorrent (BTT) - Bybit
In 2001, BitTorrent (BTT), a peer-to-peer (P2P) file sharing network, became known for its use in online piracy. After being acquired by TRON blockchain founder Justin Sun in 2018, it shifted its focus to serving developers of decentralized applications (dApps).
BTT dominated the market in a way we hadn't seen for a while. Due to the hype created by Justin Sun, BitTorrent, and Binance, the ICO sold out in just 15 minutes (earning $7.2 million). BTT has a total supply of 990 billion units.
This article by experts at the Traders Union will explore how high BitTorrent may go and which factors affect its growth rate.
BTT is a TRC-10 utility token implemented on the TRON blockchain to power the most popular decentralized protocols and applications. Several decentralized applications are powered by this token, including DLive, BitTorrent Speed, BitTorrent File System, and many more. BTT aims to empower and create the largest decentralized file-sharing protocol in the world by empowering and creating an open-source community.
Bram Cohen initially launched this project in 2001, but it was bought by the TRON blockchain in 2018. Finally, it launched its native BTT token a year later in 2019. Today, BitTorrent is still considered one of the world's biggest decentralized P2P communication protocols. Initially, the project was intended to declutter and speed up the entertainment industry, which has become overloaded with data.
Although the technology has been criticized for piracy, Cohen maintains that nothing illegal occurs since users simply exchange content between themselves. According to Bram Cohen, information exchange, in this case, should be fast and convenient. Moreover, it has premium features such as VPNs, no ads, and no tracking.
With the BTT token, BitTorrent wants to improve torrenting by adding incentives and addressing problems like slow download speeds and decreasing availability of files. Users can buy and spend BTT coins when requesting files or wishing to speed up their downloads, while providers must receive and sell BTT to be compensated.
Many believe that the price of BTT is influenced by the amount of news it releases and garners. For example, its price increases when there is a lot of news about BTT. This may be because people are looking for new investment opportunities, and BTT is a relatively new coin.
Additionally, when a big company like Facebook announces that they are looking into blockchain technology, it gives legitimacy to cryptocurrencies. It can cause the price of coins like BTT to go up.
In the cryptocurrency world, the term "crypto cycle" refers to the stages of a cryptocurrency coin between its peaks and lows. Therefore, the coin's price fluctuates during different stages of the cycle, affecting its overall rate.
Bitcoin prices have a direct impact on BTT prices. When Bitcoin prices are high, BitTorrent prices also tend to be high. It is because Bitcoin investors tend to invest in other cryptocurrencies as well. When the price of Bitcoin goes up, the price of BitTorrent usually goes up too. This is because people see BitTorrent as a good investment opportunity and want to buy it when the price is low.
Similarly, when the price of Bitcoin goes down, the price of BTT usually goes down as well. This is because people see Bitcoin as a better investment than BitTorrent (BTT) and are more likely to sell BitTorrent when the price of Bitcoin goes down.
The technology behind a coin can also impact its price. For example, if a new and improved version of the BitTorrent protocol is released, the price of BitTorrent (BTT) may go up because people will see the coin as being more valuable.
The cryptocurrency market is very competitive. This can impact the price of BitTorrent because people may choose to invest in other coins instead. For example, if a new coin is getting a lot of attention, people may sell BitTorrent to buy the new coin.
Additionally, if there is a lot of news about a particular coin, people may sell BTT to buy the coin that is getting the most attention. This can also impact the price of BitTorrent.
Regulations can significantly impact the price of BitTorrent (BTT). For example, if a country announces that it will ban cryptocurrency, the price of BitTorrent (BTT) may go down because people will worry that the coin will become worthless. Similarly, if a country announces that it will regulate cryptocurrency, BitTorrent's (BTT) price may go up because people will be more confident in the coin and its future.
Here are two of the best cryptocurrency exchanges that support BitTorrent (BTT). When choosing a service, you should consider assets, payment methods, fees, and security.
According to the Traders Union, the prices of Bittorrent (BTT) can reach $0.000002260 by 2030 and $0.000002802 by 2033. At its all-time high, BitTorrent was priced at $0.013566 per token
| Year | Price in the middle of the year | Price at the end of the year |
|---|---|---|
| 2024 | $0.000001417 | $0.000001469 |
| 2025 | $0.000001523 | $0.000001578 |
| 2026 | $0.000001636 | $0.000001696 |
| 2027 | $0.000001758 | $0.000001822 |
| 2028 | $0.000001888 | $0.000001957 |
| 2029 | $0.000002029 | $0.00000210 |
| 2030 | $0.000002180 | $0.000002260 |
| 2031 | $0.000002342 | $0.000002428 |
| 2032 | $0.000002516 | $0.000002609 |
| 2033 | $0.000002704 | $0.000002802 |
| 2034 | $0.000002905 | $0.000003011 |
| 2035 | $0.000003121 | $0.000003235 |
How far can BitTorrent (BTT) go? It is not easy to assume, but the BTT may go a long way.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $0.000001330 | $0.000001478 | $0.000001625 |
| February 2025 | $0.000001338 | $0.000001487 | $0.000001635 |
| March 2025 | $0.000001346 | $0.000001495 | $0.000001645 |
| April 2025 | $0.00000135 | $0.000001504 | $0.000001655 |
| May 2025 | $0.000001362 | $0.000001513 | $0.000001665 |
| June 2025 | $0.000001370 | $0.000001523 | $0.000001675 |
| July 2025 | $0.000001378 | $0.000001532 | $0.000001685 |
| August 2025 | $0.000001387 | $0.000001541 | $0.000001695 |
| September 2025 | $0.00000139 | $0.0000015 | $0.00000170 |
| October 2025 | $0.000001403 | $0.000001559 | $0.000001715 |
| November 2025 | $0.000001412 | $0.000001569 | $0.000001726 |
| December 2025 | $0.000001420 | $0.000001578 | $0.000001736 |
It is impossible to say for certain whether or not BitTorrent will hit 1 cent in 2024. According to TU analysts such price prediction looks improbable. However, crypto forecasts suggest that the price of BTT could potentially go as high as $0.000000395 in 2024.
Considering BTT's current growth rate, it will be impossible for the coin to reach $1 in value by 2030. This is because there isn't nearly enough money in the world. The huge circulating supply of BTT makes it impossible to hit $1, as it would place it at a ridiculous market cap of $923 trillion, which BTT cannot reach.
Plus, crypto exchanges aren't regulated yet, so they might not be able to handle that kind of volume. In other words, BitTorrent (BTT) can certainly increase in price, but not to $1 in the near future.
So, to answer the question, it is simply not possible for BitTorrent (BTT) to reach $1.
According to TU analysts BTT can reach $0.000002260 in 2030.
BTT is both a great and risky investment. BTT is slowly getting back in the market and increasing prices at good enough rates. In the next few years, prices may rise. This makes it a more convenient investment form, but evaluate well and invest cautiously.
Some experts believe that despite the token's volatility, it could reach an average price of $0.00005994 or even higher in 10 years with a potential ROI of 3763%.
The Increasing adoption of cryptocurrency and blockchain technology by large companies and organizations is a reason for this optimistic outlook. But the decision to purchase or not to purchase is entirely up to you!
As an investment, BitTorrent (BTT) is a great choice, as it has a lot of potential for future growth. However, it's almost impossible to reach $1 in the near future.
You should keep in mind that crypto is a risky investment, so make sure you do your research before you invest. If you want to purchase BTT, you can do so on Coinbase or Binance.
The following tools and instruments were used for making the prediction:
Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.
Statistical tools that allow experts to evaluate the probability of an event that may influence the prices of cryptocurrencies.
Individual features of a cryptocurrency startup and its competitiveness: number of tokens in free circulation, restriction of emission, potential usefulness of the startup for the society, roadmap and development plans of the startup, potential vulnerability of the startup’s blockchain, examples of hacks, failures in the entire history of cryptocurrency existence, capitalization dynamics compared to key competitors, share of major coin holders and other subjective factors.
Note:
This price prediction is based on current information and historical data. Strong fundamental factors capable of radically changing the overall situation in the cryptocurrency markets, impacting the prices of certain cryptocurrencies and subsequently changing the price trend, may appear in the future. The price predictions are updated regularly based on the latest data.
This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.
BTT is BitTorrent’s proprietary token that incentivizes users to invest in the BitTorrent network. BTT can be used to purchase or sell resources, such as bandwidth or storage space.
The purpose of the BitTorrent Token is to incentivize users to invest in the BitTorrent network. By providing rewards in the form of BTT, users are encouraged to keep their computers online and seed files. This helps keep the network running smoothly and allows users to download large files quickly.
BitTorrent is a peer-to-peer file sharing protocol, while BTT — the BitTorrent token — is a cryptocurrency that incentivizes users to invest in the BitTorrent network.
You can buy BitTorrent Token on several cryptocurrency exchanges, such as Coinbase or Binance.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
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