What is BitTorrent (BTT)?
Every crypto project offers a unique feature to its users. BitTorrent is one of the emerging cryptocurrency established to provide a secure network which extends the current function of file-sharing protocol.
BitTorrent Coin 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. The acquisition made the BTT platform has been upgraded with additional tools with a dedicated native currency BitTorrent Token(BTT).
As of now, BitTorrent provides a platform of the largest file sharing protocol with more than 100 million users. The TRON Foundation acquired the platform in 2018 but the project could not kickstart under it’s network until 2019.
Users on the TRON blockchain can use BitTorrent coin (BTT) to play along with the files that content creators share on the network. BitTorrent is now recognised as one of the largest peer-to-peer software that exists on the blockchain.
BitTorrent Price Prediction 2021
BTT continued the trade at $0.0002, the price it has ended the year 2020. Later the price started to grow steadily. BitTorrent got decent assistance from several classifications of institutions. The price received a huge boost in the mid of February rallying from $0.0005 to the highest ever levels around $0.0129 and woefully plunged back.
BTT rose to an ATH of $0.0126 on April 5, 2021. Further, in the month of May BTT saw a plunge of more than 50% causing the cryptocurrency to tank as low as $0.002.
BitTorrent is one of the most promising altcoins out there, which offers investors a smooth entry into the lucrative crypto market. Moreover, it will continue to improve its platform’s overall performance, which will lead to a bigger market for its crypto. As per the experts, the price rise will continue further and may hit $0.1 by the end of 2021.
BitTorrent Price Prediction 2022
BitTorrent shows great potential and due to the increase in the user base, the BTT price may also rocket over $1 or more. Given the circumstances, the prices are increasing exponentially. Hence it is not too far-fetched to understand this price rise.
BTT Price Prediction For Next 5 Years
BitTorrent currently is not recognized by BigTech officially and faces piracy issues. However, looking at the way of development of their platform, leading OTT platforms may likely cooperate with BitTorrent in the upcoming years as it ensures safety for its content. BTT might also cooperate with Spotify. By the end of 5 years, BitTorrent could trade at $5.
An expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.