As you may know, BitTorrent has been making headlines recently due to its run-up in price. As of right now, it is trading at $0.262, which is also the highest price BTT has ever reached. If you take a look at the charts, you can see that BitTorrent’s price has been rising steadily over the last few days. The past three months have seen BTT increase in price by a total of almost 300%. The current market capitalization of BitTorrent is at $1.61 billion.
The latest data on Bittorrent.com Logs shows that the number of people uploading torrents continues to increase strongly. The main driver of this trend is the increasing availability of quality BitTorrent clients that are optimized to find the most popular torrents quickly. In addition, the number of active torrents is growing steadily, which means that the total number of possible downloads is growing as well.
BitTorrent Inc. (BTT) is a peer-to-peer file sharing platform that uses a decentralized file sharing protocol to facilitate global distribution of files. BitTorrent is the largest P2P network available today and has been used by millions of people to share all types of content. The platform offers a great user experience with download speeds that are on average 4 to 5 times faster than other P2P clients.
Posted 6 months ago | 2 minutes to read
Markets
| -The price of BitTorrent (BTT) has reached a new all-time high. – It dropped to $0.001377 after hitting its all-time high of $0.001978 today. – BTT has a possibility to hit $0.00392, which is a bullish price. |
Today, BitTorrent (BTT) hit a new all-time high price of $0.001978. The cryptocurrency price, on the other hand, is projected to rise beyond $0.00392.
BTT is a TRC-10 utility token that can only be used on the TRON network. Furthermore, the TRON foundation purchased the BTT platform in 2018, however the project will not be ready to launch until 2019.
Price Prediction for BTT
At the time of writing, the BTT price was $0.00169, with a 24-hour trading volume of nearly $1.2 billion, according to CoinGecko.
Price Chart for BTT/USDT (Source: TradingView)
- 0.0025 is the first level of resistance.
- 0.00392 is the second level of resistance.
- 0.002 is the breaking point.
- 0.00135 is the level of support.
BTT continues to be on an uptrend, as seen in the graph above. Despite this, it has dropped to $0.001377 after hitting an all-time high of $0.001978 today. It is rebounding from its bearish signal once again.
However, if the coin reaches the $0.002 breakthrough barrier, it may provide a positive indication. As a result, the coin price may rise over the $0.0025 barrier level. BTT may have a chance to hit the bullish price of $0.00392 if the trend continues.
Of course, if investors continue to put their trust in BTT, this is a distinct possibility. Meanwhile, the cryptocurrency’s relative strength indicator (RSI) has already reached oversold territory. As a result, traders must use care while trading to prevent price reversal risk.
Disclaimer: The writers’ opinions in this chart are entirely their own. It should not be construed as investment advice.
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The price of the BitTorrent token, or BTT, is currently approaching an all-time high. In this post, we make a prediction that BTT will hit a new all-time high before the end of 2018.. Read more about will bittorrent coin reach $1 and let us know what you think.
Frequently Asked Questions
Will BTT ever reach $1?
BTT is currently worth $0.0018, and it will likely never reach $1.
What is future of BTT cryptocurrency?
BTT is a cryptocurrency that was created in late 2017. It has been used to purchase items on the website, and it is also traded on exchanges.
Will BTT go up again?
I dont know.
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