BitTorrent (BTT) Price Prediction 2024-2030: Will BTT Price Hit $0.000005 Soon?

• BTT’s price might surpass the overhead resistance and hit $0.0000019 in 2024.
• 2027 and 2028 could be bearish years for BTT as the price might decline.
• The bullish thesis for BTT places the 2030 price prediction at $0.000011.

Not many popular tokens exist on the Tron blockchain. But if there is one that has remained in the faces of traders, it is BitTorrent (BTT). Years back, the project underwent some form of rebranding, led by Tron’s founder Justin Sun. At that time, BTT was missing in action.

In recent times, the token seems to be back as the price action has been relatively impressive. In this article, Coin Edition examines BitTorrent as a project and the price predictions of BTT from 2024 to 2030.

BitTorrent (BTT) Real Time Market Status

What is BitTorrent (BTT)?

BitTorrent was originally released in July 2001. However, the project only became popular after Tron (TRX), led by Justin Sun, acquired it in 2018. Now, BitTorrent is known as a (P2P) file-sharing platform. The acquisition of the project led to the development of a native cryptocurrency token, BTT in 2019. 

BTT operates on the Tron blockchain while BitTorrent is currently the largest decentralized P2P communications protocol globally. A lot has happened with BitTorrent since its acquisition but Tron has shown efforts to ensure that it is part of its mission to push the adoption of decentralization across the world.

BTT Current Market Status

As of this writing, BTT’s price was $0.0000013. This represents a 5.17% increase in the last 24 hours. Meanwhile, the trading volume of the token also increased and reached $38.44 million, suggesting that traders showed interest in the cryptocurrency.

BTT’s market cap at press time, was $1.27 billion. Its total supply is 990 trillion tokens but about 968 trillion tokens were in circulation. BTT is available on Binance, Kraken, Bybit, and OKX. Decentralized exchanges including PancakeSwap v2 and Uniswap v2 also offer the token.

BitTorrent (BTT) Price Analysis

Although BTT’s performance on an all-time basis was a decrease, that does not mean that the token is down and out. Here, Coin Edition analyzes its price potential and predictions from 2024 to 2030. Read on.

BitTorrent (BTT) Price Analysis – Bollinger Bands

The Bollinger Bands (BB) on the BTT/USD 4-hour chart displayed increasing volatility around the token. With this position, BTT could experience significant price fluctuations to the upside or otherwise.

However, the upper band of the BB had touched BTT at $0.00000139, suggesting that the cryptocurrency was overbought. As such, the price might decline and a trip down to $0.00000127 could be possible.

BitTorrent (BTT) Price Analysis – Relative Strength Index (RSI)

For the Relative Strength Index (RSI), the chart below showed that buying momentum was solid as bulls were backing the uptrend. If this continues, the price of BTT could rise to $0.0000015 resistance.

But like the Bollinger Bands, the RSI showed that BTT was overbought as its reading was over 70.00. If buying pressure reduces at this point, the price of the token might retrace and the next targets could be lower $0.0000013.

BitTorrent (BTT) Price Analysis – Moving Average Convergence Divergence

On the 4-hour timeframe, the Moving Average Convergence Divergence (MACD) had moved from the negative region to the positive territory. A transition like this suggests that bulls were working hard so that BTT would not fall back to bearish momentum.

If the MACD maintains a positive reading, the price of the token might jump. However, traders need to watch out for the 12 EMA (blue) and 26 EMA (orange). If the shorter EMA sustains its position over the longer one, the bullish bias could be validated. If not BTT’s price might slump.

BitTorrent (BTT) Price Prediction 2024

For 2024, the price of BTT is expected to increase. But we can’t come to this conclusion without analyzing the price. As of this writing, the On Balance Volume (OBV) was negative, suggesting that sellers were previously in control of the price action.

However, the OBV was trying to trend upward at press time, indicating some level of buying pressure. This was also backed by the Accumulation/Distribution (A/D) which also roe to the upside.

Should this continue to be the case as the year goes on, BTT might drive past the overhead resistance and hit $0.0000019.

BitTorrent (BTT) Price Prediction – Resistance and Support Levels

According to the 4-hour chart, a crucial resistance stood at $0.00000122 for BTT. With this state, it is unlikely for the price action to fall below the aforementioned price. However, bulls need to be watchful of bears who might want to breach the levels.

Another point of interest was $0.00000135 which acted as a resistance until bulls broke through the point. On the upside, a crucial area was at $0.00000158. A close above this region might send BTT to a yearly high. Otherwise, a decline could cause the price to fall.

BitTorrent (BTT) Price Prediction 2025

In recent years, Tron has proven to be one of the blockchains with one of the highest adoption rates. However, that has not translated to improved price actions for tokens under the ecosystem. But BTT might enjoy a bit of traction on the network in 2025, and this could draw its price up to $0.0000042.

BitTorrent (BTT) Price Prediction 2026

By 2026, the price of BTT might jump again. This time, it is expected to surpass the $0.0000050 mark. As such the price prediction for 2026 is $0.0000059.

BitTorrent (BTT) Price Prediction 2027

2027 could be a crucial year for BTT as it could either make or mar the token. From our projections, the price of BTT is expected to drop and hit $0.0000038 in 2027.

BitTorrent (BTT) Price Prediction 2028

BTT’s price might drop again in 2028 as the cryptocurrency might fail to attract an impressive level of liquidity. As such, the price could be $0.0000024.

BitTorrent (BTT) Price Prediction 2029

In 2029, BTT’s price is projected to surpass its previous highs. This leaves the prediction at $0.0000073.

BitTorrent (BTT) Price Prediction 2030

By 2030, the crypto market is expected to be valued at over $10 trillion. Because of this, the prices of many altcoins might jump to incredible heights. Therefore, BTT might delete one zero and trade at $0.000011.

BitTorrent (BTT) Price Prediction 2040

The price of BTT might increase in 2040 as demand for P2P transactions on Tron might increase. Should this be the case, BTT’s price might climb to $0.000023.

BitTorrent (BTT) Price Prediction 2050

Like its 2040 prediction, BTT’s price might rally high in 2050. At an average level, the value of the token might rise to $0.000037. In a highly bullish case, the price of the token might hit $0.000045

Conclusion

In conclusion, BTT is one token to keep an eye on. This is not because the price of the token is expected to surge much higher. But because of its use case on the Tron blockchain. In several countries, P2P transactions are in high demand, and this could make BitTorrent relevant to the ecosystem in the years to come.

FAQs