BitTorrent Price Prediction 2025: BTT Poised for Potential Recovery
What's ahead for BitTorrent?
Key Takeaways
- BitTorrent’s BTT token shot up in November 2024.
- However, the price of BTT has notably decreased since its launch in January 2022.
- One price prediction says BTT may reach $0.0000022 next year.
When TRON bought BitTorrent in 2018, it was a major player in the world of filesharing. Its native BTT token has been a solid performer over the last couple of years, and when the market rallied in November 2024, it shot up.
On Nov. 12, 2024, BTT was worth about $0.000001135.
Let’s look at our BitTorrent price predictions, made on Nov. 12, 2024. We will also examine the BitTorrent price history and briefly discuss what BTT is and what it does.
BitTorrent Price Prediction
Let’s examine some of the BitTorrent price predictions we made on Nov. 12, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum BTT Price Prediction | Average BTT Price Prediction | Maximum BTT Price Prediction | |
|---|---|---|---|
| 2024 | $0.0000011 | $0.0000013 | $0.0000015 |
| 2025 | $0.0000013 | $0.0000018 | $0.0000022 |
| 2030 | $0.000002 | $0.0000035 | $0.000005 |
BitTorrent Price Prediction 2024
In 2024, BTT is expected to consolidate after a period of volatility, with the price testing key support levels. Given the current market conditions and the potential for a bullish phase, the price may stabilize and slightly rise, reaching a maximum of $0.0000015 but likely staying within a narrower range due to overbought conditions and market resistance.
BitTorrent Price Prediction 2025
By 2025, BTT could see a stronger recovery as the market gains more confidence in its upward trajectory following the completion of a five-wave pattern. With ongoing demand and potential new developments in cryptocurrency, the price could reach $0.0000018 on average, with a possible maximum of $0.0000022 as momentum strengthens.
BitTorrent Price Prediction 2030
Looking ahead to 2030, BTT’s price may experience significant long-term growth as the cryptocurrency market matures and adoption increases. A combination of improved market sentiment, technological advancements, and broader industry developments could push the price to an average of $0.0000035, with a potential high of $0.000005 as long-term growth solidifies.
BitTorrent Price Analysis
BTT reached a high of $0.0000021 on March 4 but started a downtrend, hitting a low of $0.00000065 on Aug. 5. From there, it formed an ascending channel, recovering to $0.00000108 by Sept. 27. After a downturn to $0.00000080 on Nov. 4,
BTT broke above resistance, rising 67% to $0.00000132 on Nov. 11. However, a sharp drop followed, bringing the price back to $0.0000011. After testing previous resistance for support, BTT could confirm a bullish phase if it holds.
Despite this, the RSI indicates overbought conditions, suggesting a potential reversal.
Short-term BTT Price Prediction
The third wave from the Aug. 5 low reached near the 1.618 Fibonacci extension, signaling strong momentum. Nov. 12’s retest could be wave four, but the price must stay above ascending resistance.
If confirmed, BTT could target $0.0000015, completing the five-wave pattern from Aug. 5 and confirming a new bull phase.
The BitTorrent price prediction for the next 24 hours depends on if it stays above the resistance level.
BitTorrent Average True Range (ATR): BTT Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Nov. 12, 2024, BitTorrent’s ATR was 0.0000000596, suggesting relatively high volatility.
BitTorrent Relative Strength Index (RSI): Is BTT Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 12, 2024, the BitTorrent RSI was 76, indicating overbought conditions.
BitTorrent Market Cap to TVL Ratio
The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to locked asset value.
A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Nov. 12, 2024, the BitTorrent TVL ratio was 2,031, suggesting severe overvaluation.
BitTorrent and the CCN Index
The CCN Index uses a range of indicators to measure a cryptocurrency’s price momentum.
On Nov. 12, 2024, BTT scored 53.5 on the CCN Index, suggesting average-to-strong price momentum.
BitTorrent Price Performance Comparisons
| Current price | One year ago | Change | |
|---|---|---|---|
| BTT | $0.000001135 | $0.0000004834 | +134% |
| TRX | $0.177 | $0.1088 | +62.6 |
| XEC | $0.00004265 | $0.00003247 | +24.4 |
| SHIB | $0.00002685 | $0.000009136 | +193 |
Best Days and Months to Buy BitTorrent
We looked at the BitTorrent price history and found the best times to buy BTT.
| Day of the Week | Wednesday |
| Week | 50 |
| Month | December |
| Quarter | Fourth |
BitTorrent Price History
Now, let’s examine the BitTorrent price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a BitTorrent price prediction.
| Time Period | BitTorrent Price |
|---|---|
| Last week (Nov. 5, 2024) | $0.0000008284 |
| Last month (Oct. 12, 2024) | $0.0000009265 |
| Three months ago (Aug. 12, 2024) | $0.0000007549 |
| One year ago (Nov. 12, 2024) | $0.0000004834 |
| Launch price (Jan. 12, 2022) | $0.000002757 |
| All-time high (Jan. 18, 2022) | $0.000003054 |
| All-time low (Oct. 13, 2023) | 0.0000003657 |
BitTorrent Market Cap
The market capitalization, or market cap, is the sum of the total number of BTT in circulation multiplied by its price.
On Nov. 12, 2024, BitTorrent’s market cap was $1.18 billion, making it the 75th-largest crypto by that metric.
Who Owns the Most BitTorrent?
On Nov. 12, 2024, one wallet held more than 95% of the BTT supply.
Richest BTT Wallet Addresses
As of Nov. 12, 2024, the five wallets with the most BitTorrent were:
- 0x9277a463a508f45115fdeaf22ffeda1b16352433. This wallet held 34,995,361,085,175 BTT, or 95.77% of the supply.
- 0x2d0ba902badaa82592f0e1c04c71d66cea21d921. This wallet held 226,664,825,525 BTT, or 0.62% of the supply.
- 0xd249942f6d417cbfdcb792b1229353b66c790726. This wallet held 50,380,424,373 BTT, or 0.14% of the supply.
- 0x89a99a0a17d37419f99cf8dc5ffa578f3cdb58b5. This wallet held 45,173,905,884 BTT, or 0.12% of the supply.
- 0x8d99a4e2167a1a66b6f0f7a1bbeb076cbc073bbd. This wallet held 19,992,097,489 BTT, or 0.05% of the supply.
BitTorrent Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Total supply | 990,000,000,000,000 |
| Circulating supply (as of Nov. 12, 2024) | 968,246,428,571,000 (97.5% of supply) |
| Holder distribution | Top 10 holders owned 96.84% of the supply as of Nov. 12, 2024 |
From the BitTorrent Whitepaper
In its technical documentation or whitepaper , BitTorrent says that BTT is designed to help people share files online.
It says, “Together, the token and extended protocol will create a token-based economy for networking, bandwidth, and storage usage. The initial entry point is to introduce token-based optimizations to the existing BitTorrent protocol, providing a way for network participants to capture the value of shared bandwidth.
“The longer-term vision is to broaden the usage of the BitTorrent protocol far beyond current use cases by providing a distributed infrastructure platform to third-party app developers, creating the foundation for the decentralized web.”
BitTorrent (BTT) Explained
The BitTorrent token is a TRC-10 token on the Tron (TRX) blockchain. The BTT token intends to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network. For example, it attempts to provide a way for network participants to “capture the value of sharing bandwidth and storage.”
How BitTorrent Works
The BitTorrent peer-to-peer (P2P) protocol finds users with files other users want and then downloads pieces of those files from those users simultaneously. As a result, transmission rates are faster than with HTTP and FTP, which both download files sequentially from only one source.
Is BitTorrent a Good Investment?
It is hard to say. While BTT has risen recently, it is largely down to a buoyant crypto market. We will have to wait and see what happens once things calm down.
Will BitTorrent go up or down?
No one can really tell right now. While the BitTorrent crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in BitTorrent?
Before deciding whether to invest in BitTorrent, you will have to do your own research, not only on BTT but on other coins and tokens such as Ordinals (ORDI). Either way, you must also ensure you never invest more money than you can afford to lose.
FAQs
Will BitTorren reach $0.01?
It looks impossible, right now. No main price prediction sees the BTT price close to one cent soon.
What is BitTorrent?
The BitTorrent token is a TRC-10 token on the Tron blockchain. The BTT token intends to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network, e.g., it attempts to provide a way for network participants to “capture the value of sharing bandwidth and storage.
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