BitTorrent (BTT) Coin Price Prediction for 2024-2025

BitTorrent is the largest file-sharing protocol worldwide. Some experts estimate that as much as 20% of Internet traffic is related to this protocol. Hence, one can understand the excitement when the TRON blockchain purchased the BitTorrent file-sharing site. The excitement was even greater when TRON launched the BitTorrent token (BTT).

BTT performed well after its release, particularly in 2021, when it gained some significant traction in the market. However, this token has been losing value since the second half of 2021. What are the realistic expectations for this digital asset? Will its price rebound in the following years? To answer these questions, let us discuss the following BTT price prediction for the next few years.

What Is BitTorrent Token (BTT)?

BitTorrent was initially launched in July 2001 as a peer-to-peer (P2P) file-sharing platform. It was notoriously used for online piracy after its launch. It all changed when the TRON blockchain purchased BitTorrent for $140 million in July 2018. Since this acquisition, BitTorrent has become increasingly decentralized.

In February 2019, TRON launched the BTT token using its TRC-10 standard. It was introduced to incentivize transactions in a token-based economy for networking, bandwidth, and storage usage. A total supply of 990 billion BTT tokens was issued. This token reached its all-time high price on April 5, 2021, when it traded at $0.01426.

On December 12, 2021, the BitTorrent Chain (BTTC) mainnet was launched. This cross-chain interoperability protocol utilizes the proof-of-stake (PoS) consensus mechanism. BTTC enables interoperability with Ethereum, TRON, and Binance Smart Chain (BSC) networks. More blockchains will be supported in the future.

As a result of the BTTC launch, the BTT token was redenominated. The previous BTT tokens were renamed BTTOLD and swapped with the new BTT tokens at a 1:1000 ratio. The BitTorrent-New tokens (BTT) supply increased to 990 trillion to maintain the same market capitalization. The current BTT token reached its all-time high price on January 18, 2022, when it traded at $0.000003054. Because of the ongoing bear market, the BTT price has dropped over the months, hitting an all-time low on June 18, 2022, at $0.000000705.

BitTorrent (BTT) Technical Data

The primary BTTT technical data as of July 27, 2022, can be summarized in the following table:

BitTorrent (BTT) Coin Price Prediction for 2024

According to Wallet Investor, BTT will further depreciate, reaching an average price of $0.000000034 by the end of 2024. Trading Beasts predicts an average BTT price in 2024 of $$0.0000022. Cryptopolitan’s prediction remains optimistic for 2024, expecting an average BTT price of $0.00000479 for that year.

BitTorrent (BTT) Coin Price Prediction for 2025

The trends we have observed in the previous predictions remain for 2025. Waller Investor predicts an average BTT price of $0.00000479 by the end of 2025. This prediction indicates a significant depreciation of this token since the maximum price for the last day of 2025 will be $0.000000022. For its part, Trading Beasts predicts an average price of $0.0000025 in 2025. Accordingly, the maximum BTT price that year will be $0.0000031. Cryptopolitan’s prediction remains bullish, expecting an average BTT price of $0.00000724 and a maximum of $$0.00000822 in 2025.

FAQ

Is BitTorrent a Good Investment?

Cryptocurrencies are highly volatile and inherently risky investments. BitTorrent is a project with a good use case in the real world. However, the future of its BTT token remains uncertain. Whether this digital asset is a good investment for your portfolio depends on your risk tolerance and investment strategy. Be cautious if you decide to invest in this digital token.

Where Can I Buy BTT?

Several exchanges list BTT for trading. To benefit from competitive rates, you should buy this token from LetsExchange.io. On our platform, you can buy and sell more than 4,000 cryptocurrencies. No mandatory registration is needed to transact on this instant exchange.

Does BitTorrent Have a Future?

BitTorrent has been around for several years as a file-sharing platform. Internet users will likely continue using it, assuming the quality of service remains the same or improves. However, the future of the BTT token also depends on the adoption of the BitTorrent Chain for decentralized applications. At the moment, it is unclear whether the BTT token will succeed in the long run.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.