BitTorrent Price Prediction
Every crypto project offers a unique feature to its users. BitTorrent is one of the emerging cryptocurrency established to provide a secure network that extends the current function of file-sharing protocol.
The accelerated spike in the price since the start of 2021 has dragged investors’ attention towards BTT crypto. And if you are thinking to be one of them or you are already a BTT holder, then this article covers the fundamentals and the Price Prediction movements of BitTorrent crypto.
The BTT price prediction and the overall market sentiments with BTT news may assist you to understand the right time to buy BitTorrent coin.
What is BitTorrent (BTT)?
BitTorrent 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 its 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 recognized as one of the largest peer-to-peer software that exists on the blockchain.
BitTorrent Price Prediction 2021
BTT Price 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.
The altcoin price rose to an ATH of $0.0126 on April 5, 2021. In the month of May, BTT Price saw a plunge of more than 50% causing the cryptocurrency to tank as low as $0.002.
However, the altcoin rebounded well by the end of July, hitting $0.002849. The Start of August seemed to be a bullish start, BTT had a major Price rally reaching $0.004829. So, will btt Price go up again?
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 $0.007 by the end of 2021.