Blog_2Blog_2Blog_2Blog_2
  • MARKET BUZZ
    • Daily Crypto News
    • Weekly Wrap Up
  • TOPICS
    • Crypto Basics
    • Defi
    • Metaverse
    • NFT
    • Blockchain
  • CRYPTO VERSE
    • Investing
    • Cryptocurrency
    • Price Predictions
    • Crypto Technical Analysis
    • Crypto Ama
    • Investment Research
  • PRODUCT
    • Tutorials
    • Product Features
    • Security Compliance
  • COINDCX
    • Announcement
    • Community
    • Crypto Competition
    • Listings
    • Opinion
    • Stories
Visit CoinDCX
✕
            No results See all results

            BitTorrent Price Prediction 2023: Will BTTC Price Make it to $0.000001?

            March 2, 2023
            BitTorrent Price Prediction 2023

            Table of Contents

            • Key Takeaways:
            • BitTorrent Price History
            • BitTorrent Technical Analysis
            • Overview of BitTorrent On-chain Analysis:
            • BitTorrent Weighted Sentiment
            • BitTorrent Social Dominance
            • BitTorrent Development Activity
            • BitTorrent Price Prediction for 2023
            • BitTorrent Price Prediction for 2024
            • BitTorrent PRICE PREDICTION 2025-2030
            • Should you invest in BitTorrent in 2023? 
            • FAQ
            • What will BitTorrent be worth in 2023?
            • What will be the price of 1 BitTorrent in 2030?
            • Will BitTorrent ever hit $0.0001?
            • Is BitTorrent a safe investment?

            Key Takeaways:

            • BitTorrent price has risen from the bearish pattern finally since the start of 2023 and gained more than 25%
            • The bulls are attempting very hard to keep up the bullish trend, while the bears intended to extend the bearish trend for a long
            • The BitTorrent token is losing its traction as the dominance is inculcating a descending trend 
            Price  $0.0000007276
            24H Price Change  +2.46%
            7D Price Change -1.4%
            MarketCap  $693.64 million
            Circulating Supply 951.42 quadrillion
            Trading Volume  $19.88 million
            ATH $0.000003054
            ATL $0.0000006155

            Read More: Bitcoin Price Prediction

            BitTorrent Price History

            • Originally launched in 2001, BitTorrent was taken over by the Tron platform in 2018 which added up various new tools to the chain
            • The price traded with an initial price of $0.00047 in February 2019 and rose notably high by the mid. However, by the end, the price dropped to $0.0002898
            • The price remained consolidated throughout 2020 under bearish captivity until the bull run kicked off in the first few days of 2021.
            • The price quickly surged to $0.016 and marked new highs in the first half of 2021 and quickly fell into a deep bearish well, maintaining a descending trend till the end of the year
            • During Q1 2022, the BTT token was redenominated where existing BTT tokens were divided into 1000 new tokens while the chain was also spilt up 
            • Since then BTT is called BTTC, while the price continues to remain under a deep bearish influence

            BitTorrent Technical Analysis

            BitTorrent Price Prediction 2023

            Source: Tradingview

            • The BTTC price has been surging since the start of 2023, after rebounding firmly from the bottoms of the 2022 bear market
            • Presently, the BTTC price is trending within a symmetrical triangle and very close to the apex of the consolidation
            • The RSI is displaying a bullish divergence and hence the price is believed to undergo a breakout and rise high
            • The price may initially reach beyond $0.00000075 levels but due to a less trading volume, it may remain consolidated along these levels for a long time.

            Overview of BitTorrent On-chain Analysis:

            BitTorrent Weighted Sentiment

            BitTorrent Price Prediction 2023

            Source: Santiment

            The “weighted” sentiments are the collection of all the positive and negative sentiments of the tokens, compared to their frequency of occurrence over time. They indicate the current market sentiments and also determine a possible upcoming move. The calculated levels also help to understand whether the current value of the token is overvalued or undervalued. 

            The sentiments of the BTTC have been in negative ranges largely, which also includes a couple of spikes within the positive zone. The sentiments rose signaling that the price is now overvalued and hence the traders may be primed to liquidate to extract their profits. 

            BitTorrent Social Dominance

            BitTorrent Price Prediction 2023

            Source: Santiment

            The social dominance of a token indicates its strong presence on social media platforms. The dominance is calculated against the top 100 tokens as per the market capitalization. If the social dominance of the token rises, it indicates that the posts/mentions of the token have surged compared to those of the top 100 tokens as per the market capitalization.

            Presently, social dominance is varying but maintaining a descending trend. Hence, it can be determined that the traders are losing their focus and interest in the token. Therefore, the posts and mentions have decreased dramatically. 

            BitTorrent Development Activity

            BitTorrent Price Prediction 2023

            Source: Santiment

            The fundamentals of the platform are completely dependent on the development activities they carry out over time. These metrics record the possibilities of future developments and upgrades to the platform. This in turn can be determined by the GitHub activity of a project wherein the developers record their activity like pushing the commits, raising queries, etc.

            A jump in the development activity suggests that the development team is tirelessly working behind the upgrades and may soon deliver new features. This keeps the market participants bullish on the token in the long run. Woefully, the development activity has touched the ground and is unable to pick up which is not a good sign for a healthy upswing.

            BitTorrent Price Prediction for 2023

            The BTTC price soon after the redenomination plunged hard, and as the market sentiments were bearish, it maintained a steep descending trend throughout 2022. However, the price quickly rose since the beginning of 2023, breaking the bearish pattern that it followed form a long time. The price is currently looking for a bullish push that may raise the price beyond $0.00000075 by the end of Q1 2023. 

            If the volume intensifies, the Q2 trade could be more bullish, and the price may surge beyond $0.00000085. During the second half of 2023, the price may remain elevated and try to eliminate a zero from its value. By the end of 202, the BTTC price is believed to rise beyond $0.000001 and secure levels around $0.0000012.

            Additional Read: Top Crypto Projects in 2023

            BitTorrent Price Prediction for 2024

            With the bullish close for the previous year, the upcoming trend is believed to remain elevated for a longer time. The price may quickly jump beyond $0.0000015 in the first quarter of 2023 and secure levels of $0.000002 by the end of Q2 2023. However, the price may further witness a minor pullback to around $0.0000018 in the first few days of H2. 

            After undergoing a short-lived consolidated trend, the price may resume with a notable upswing and reclaim the lost levels quickly. Further, by the end of Q3, the price is believed to rise beyond $0.0000022 and later head towards the higher targets ahead. By the end of 2024, the BTTC price may secure levels around $0.0000025.

            BitTorrent PRICE PREDICTION 2025-2030

            The bullish momeutm may carry forward through the first couple of months in 2025 wherein the price may mark highs beyond $0.0000035. However, the bears may continue their action and drag the price lower, triggering a bearish trend. This trend may survive throughout 2025 and 2026, marking the bottom of the bear market somewhere in Q3 or early Q4 2026. However, the year 2027 may witness a slight recovery, which may pave the way for the bulls to accumulate their strength. 

            Further, the trend is believed to be rising as the bullish sentiments could have accumulated, and hence the BTTC price may trigger a fine recovery in 2028. This upswing may transform into a bull run in 2029, which may find new highs. The ascending trend may be halted during the first half of 2030, beyond which the price may face a significant drop. 

            Year BitTorrent Price Forecast
            2023 $0.0000012-$0.00000125
            2024 $0.0000025-$0.0000033
            2025 $0.0000035 to $0.0000036

            Should you invest in BitTorrent in 2023? 

            BitTorrent has been one of the early chains that have undergone a couple of bearish markets. Despite this, the price maintains a significant upswing, displaying its strength. Therefore, it can be considered for investment provided the trader has an in-depth knowledge of the project and the team along with the future scope, etc. Also, close observation of the price movements is also required to manage the risks properly. 

            FAQ

            What will BitTorrent be worth in 2023?

            The BTTC price may be around $0.0000012-$0.00000125 by the end of 2023.

            What will be the price of 1 BitTorrent in 2030?

            The price of 1 BitTorrent in 2030 may be around $0.0000055.

            Will BitTorrent ever hit $0.0001?

            The BTTC price is displaying enough bullish momentum and hence could maintain a notable upswing in the long term achieving great highs

            Is BitTorrent a safe investment?

            BitTorrent has displayed enough bullish momentum and a desire to go long soon and hence can be a safe investment with deep research and a close look at the price movements.

            Share
            0
            CoinDCX
            CoinDCX

            Related posts

            March 28, 2023

            Gains Network Price Prediction 2023: This is When GNS Price May Hit $10


            Read more
            March 24, 2023

            Badger DAO Price Prediction 2023: Will BADGER Price Hit $10 in 2023?


            Read more
            March 15, 2023

            Bitcoin Price Prediction 2023: BTC Bulls determined to rise the price Beyond $30,000 Soon!


            Read more

            Recent Posts

            • Ethereum Shanghai Upgrade0
              The ‘Ethereum Shanghai Upgrade’ is (Finally) Going Live in April 12, 2023: Everything You Need to Know
              March 29, 2023
            • 0
              Ripple Price approaching $0.5, What triggered a 7% Jump in XRP Prices?
              March 28, 2023
            • 0
              Gains Network Price Prediction 2023: This is When GNS Price May Hit $10
              March 28, 2023
            • What is Linear Finance? How To Buy LINA Token In India?0
              What is Linear Finance? How To Buy LINA Token In India?
              March 28, 2023
            • Ethereum's Vitalik Sends First Transaction as Polygon zkEVM Mainnet Beta Has Been Launched0
              Polygon Labs Launches Beta version of zkEVM Mainnet
              March 28, 2023

            Categories


            • BTC to INR


            • ETH to INR


            • USDT to INR


            • USDC to INR


            • BNB to INR


            • BUSD to INR


            • XRP to INR


            • ADA to INR


            • SOL to INR


            • DOGE to INR


            • SHIB to INR


            • MATIC to INR


            • TRX to INR

            Invest in Bitcoin, Ethereum, & other 200+ crypto assets.
            Download the app now, register & start with as low as Rs.100
            ios download link
            android download link
            qr code for download

            COMPANY

            Security
            Blog
            About
            Careers
            Referral Program

            PRODUCT

            Margin
            Trade
            Futures
            Insta
            Convert
            Lend
            Markets
            API Documentation

            SUPPORT

            Contact Support
            Frequently Asked Questions (FAQ)
            Contact Us

            • Customer Support: [email protected]
            • Team: [email protected]
            • Press: [email protected]

            SOCIAL LINKS

            Icon of FacebookFacebook
            Icon of FacebookTwitter
            Icon of InstagramInstagram
            Icon of TelegramTelegram
            Icon of LinkedInLinkedIn
            Icon of RedditReddit

            Logo of CoinDcx Download our Android/iOS App: CoinDCX Ⓒ All rights reserved by Primestack Pte. Ltd.

            DISCLAIMER

            The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Note Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

              Visit CoinDCX
                        No results See all results
                          Go to mobile version