Bittorrent (BTT) Coin Price Prediction 2019 – Is Bittorrent Token Crashing? (Early May Update)

2019-5-8 00:50

Early May Update: Technicals

BTTBTC chart is still not looking – BTT has now dropped below the support zone at 13 sats and is essentially forming its all time low. There needs to be a surge in volume to lift BTT up in a significant move. Right now, it looks that BTT is ranging in trendless gliding along the horizontal support zone with slow outflow of value from it.

However, one could draw a very tight falling wedge and force it on the daily chart, which in combination with the pending airdrop and Justin Sun’s marketing gimmicks could give some life to BTT. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the lines converge.

One thing to bear in mind is the turbulent and erratic nature of bitcoin – a sudden thrust up or slide down is always on the cards which would invalidate this and all other analysis and predictions. In such cases, market is shaken up with most traders exiting altcoins and entering bitcoin positions, especially in the initial phases of bitcoin pumps. So it is always good idea to keep a close eye on bitcoin’s behaviour before opening a long or a short on any other coin in the market.

Should this happen, stop by again to check out our updated charts and thoughts.

Trading volume is relatively good – reported volume in the last 24hrs is $6.7m (the strongest volume day in April for BTT was April 18th with $164m).

In the last 24 hours, 32% of trading has been on IDEX, followed by Binance, LAToken and DigiFinex. Most traded BTT pair has been BTTUSDT – 94%.

Moreover, BTT has a very strong buy support, according to coinmarketbook.cc. Buy support is measuring sum of buy orders at 10% distance from the highest bid price. This way we can eliminate fake buy walls and whale manipulation and see the real interest of the market in a certain coin. BTT currently has a $4.9m of buy orders measured with this method, which sets BTT buy support/market cap ratio at 3.43%, a wide-market leading value. Bitcoin and Ethereum have a 0.27% and 0.28% ratios, respectively.

Considering that bitcoin is making moves, we are very likely to see a suspense of all altcoins – it is wait and see game right now. BTT got no favors from its leading figure, Justin Sun who keeps rubbing the whole crypto community the wrong way. Markets are widely less reflexive on speculations and unsubstantiated claims which was the biggest propelling force of Sun’s project: TRX and now BTT.

Even though BTT is attractive price-wise, fundamentals are extremely weak and entering into a position with this project would be a very risky move.

Early May Update: Fundamentals Tron foundation and BitTorrent have launched an airdrop plan that will keep traders and investors interested in the both TRX and BTT till the year 2025. The airdrop plan explains that BTT will be distributed to TRX holders every 11th of the month from February 2019 till February 2025. Next airdrop is scheduled for 11th of May.Sun made a statement on Twitter in the early hours of 7 May that sounded like a bet. In addition to bringing Tron back up among the top ten cryptocurrencies, he said BitTorrent will also be among the top 30 assets by the end of Q2. BTT is currently the 49th largest cryptocurrency while TRX recently came up to the 11th position.BitTorrent Speed is a new product in development that will enable faster downloads on the utorrent Classic Clients. This includes opening the new BitTorrent Speed menu to check BTT balances or activity, watching the new product “automatically bid BTT to other users for faster speeds”, and finally, when a file finishes downloading, users can seed the file to earn more BTT.

Below is our long-term forecast where we cover general market movements and sentiment shifts before delving deeper into the specific predictions for BTT.

Bittorrent Intro

It’s been a while since we saw a token possess the market in a way BTT did. The hype created by Justin Sun, BitTorrent and Binance putting their names behind the project ultimately led to the thing’s entire ICO selling out in just 15 minutes (earning $7.2 million in the process). 

BTT token is envisioned (and now already realized) as your average TRC-10 token, a TRON-based standard which allows BitTorrent users to offer their services in exchange for said tokens.

This standard is “lower” than the TRC-20, which has built-in smart contract capabilities. The token has a total supply of 990,000,000,000 units which will be divisible into smaller increments for additional liquidity (although one wonders how much more liquidity you need when you have almost a trillion tokens).

BTT’s main purpose is to incentivize BitTorrent protocol users to offer infrastructure services like file seeding and hosting in return for the token.

Bittorrent Token (BTT) Roadmap for 2019

Bittorrent Roadmap is transparent and feature packed. Some of the highlights for 2019 include:

Complete on-chain / off-chain exchange server-side developmentComplete swarm analysis frameworkIssue TRC-10 BTT tokensShare Wallet UI to early test groupLaunch complete Wallet UI to stable clientExpose Wallet with on-chain/off-chain exchange to an early access groupComplete BTT airdrop to existing BitTorrent protocol over 100M users Publish BEPs related to BTT and tokenization of the BitTorrent protocolAdd wallet support for TRX, and any TRC-10 or TRC-20 tokens.Experimental dApp integration

Can you earn bitcoins with automated trading? See the list of most profitable crypto bots here.

General Market Movements and Sentiment Shift

The downfall of altcoins that were mainstream media darlings at the start of the year, BTT among them, can be attributed, in part, to novice investors getting scared off once the bear market kicked in with a vengeance. Every resurgence of bitcoin in recent period, was met with the, for the most part, inability of altcoins to rally with it.

Reason for that can be rookie investors learning from their mistakes, while smart money that was previously watching from the sidelines has begun to enter into bitcoin.

These entities weren’t about to buy BTC when it was trading at an all-time high, but they’ll take a look now, having missed the boat the first time around. None of them, it seems, are interested in altcoins however, despite the fact that many are trading at a 5x discount. Institutional investors may be cautious, but they’re not foolish.

Some altcoins will continue to have some speculative value for the foreseeable future. But just like the now infamous tulips, the hysteria will eventually subside. We are already witnessing the first phases of that slide and even though most of the bag holders react emotionally to articles that criticize their coins, I am just observing the developments on the market. You better start emotionally detaching yourself from your “great sounding” coin because if goes nowhere, ideas are worthless without execution and real users that see value in the project.

2018 was a very interesting year overall for the broader DLT community, “ICO projects” came and burst in a similar fashion to the firework that painted the evening sky tonight.

While the mass death of barely-alive-in-the-first-place projects causes some uncertainty and skepticism among the newcomers, it is something veterans and pioneers of this space have been longing for.

In order for DLT to become established, we need quality over quantity, we need convergence on standards and consolidation of communities to bring to life what we’ve been working on for years. With less noise, 2019 will act as a Darwinian selection mechanism, much like that of which the IT companies post-dotCom Bubble experienced.

This is a good thing and absolutely necessary for the real maturation of the space.

Our BTT Token Price Prediction for 2019

BTT, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, BTT can hope for one as well. Since that is very unlikely, don’t expect much to change for BTT price-wise in this year. So 2019 will be a year of boring sideways action with minor bitcoin ignited jumps and slumps.

What could be the next altcoin to explode in price and be “the next bitcoin”

In general:

The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.

When Bitcoin goes up swiftly, it will likely:

Suppress or depress altcoins as money flows into Bitcoin;Or, take altcoins along for the ride

In cases when Bitcoin plunges, it will likely:

Depress altcoins as money flows into fiat;Or, cause altcoins  to boom as money flows into them, but this is rarely the case.

When Bitcoin moves sideways, it will likely:

Cause altcoins to mimic that as traders wait for a clear sign on the direction of the market;Or, cause altcoins to flourish as traders look for returns in altcoins and try to get favorable trades in terms of BTC pairs.

To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.

Overall, the price change of any altcoin token is explained by the dynamics of the bitcoin-influenced market. However, there are also fundamental reasons for the individual token rise and fall in price, which can be pinned down to a big tech upgrade or more often, big partnership.

The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. 

Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

Bittorrent Coin (BTT) Future Outlook

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will BTT be among those 5%?

Highly doubtful.

BTT token creators hope that the promise of financial rewards will make more people seed the torrents they download.

The whole investment thesis for BTT is unconvincing. Most people who download torrents do so through publicly available swarms. These people simply don’t have to care about their upload/download ratios and therefore don’t have an incentive to seed more.

Additionally, TRON’s blockchain simply wouldn’t be able to handle the levels of throughput that come with a user base that BitTorrent has, around 100 million users. 

Moreover, the torrenting scene, the one community that should be buzzing about this project, doesn’t seem to be interested in BTT at all. Torrenting forums make barely any mentions of the project and most experienced members of these communities will tell you that they love the Bittorent protocol, but at the same time despise the company behind it (due to a history of misguided and almost malicious behavior).

The interest for the most part seems to be coming from the cryptocurrency world, which suggests that there aren’t many fundamentals for BTT to lean on.

Most people who are promoting this token are closely tied to the cryptocurrency scene and are considered as “influencers” more than anything else.

That being said, we have to consider the involvement of Justin Sun and Changpeng Zhao (of Binance fame) in this entire project.

Both of them are known in the blockchain community for taking part in some highly sketchy activities that likely robbed many crypto investors off their money. Sun in particular is someone who falls under the “influencer” tag much better than the one of a “developer” and this is a stick people often use to beat him with. The way both of them hyped the BTT token up without addressing the negatives it clearly has doesn’t give us belief that their latest project won’t end up as a failure.

Mining is still profitable if you know what altcoins to mine.

All of this summed up means one thing: BTT might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.

Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect BTT will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.

Market prediction for Bittorrent Token – BTT Price 2019

With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the BTT price, which will give us another point of view to consider:

Wallet Investor

Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins but not for BTT. According to them, BTT is expected to soar by a whole order of magnitude and reach $0.0015 per token in one year.

Trading Beasts

Trading beasts is even more bullish on Bittorrent token and forecasts that BTT can climb to around $0.06 within a year which means it will essentially grow 20x in value in the next year.

DigitalCoinPrice

Digitalcoinprice gave a moderately optimistic prediction saying that by 2019 end, BTT might be worth two times more than now – around $0.0012 per token.

Bittorrent Coin Future: 2020, 2023, 2025 BTT Price Prediction 2020

Bittorrent token (BTT) has been one of the most hyped ICOs in 2018. However, despite the big hype built behind it, there is a shroud of doubt around the token’s viability and general competence of Tron team to pull off the laid out plan. The only driving force for the BTT price is marketing gimmicks and speculation, two strong suits of Justin Sun which could cause a surge or two in the upcoming period; however, long-term BTT doesn’t seem to be a solid investment and price in 2020 might be artificially held around the same level as now – $0.0007.

BTT Price Prediction 2023

If BTT survives to see 2023, which is highly unlikely, the token would surely be at 10-100x of the current value which means it would be at $0.007 – $0.07 per token.

BTT Price Prediction 2025

If BTT survives to see 2023, which is highly unlikely, the token would surely be at 100x+ of the current value which means it would be at $0.07+ per token.

Realistic BTT Price Prediction

Predicting prices of novel, highly volatile and risky asset classes is a thankless task – best answer is no one knows. Educated guess is that realistic BTT price for the foreseeable future is somewhere between its current price and zero.

The post Bittorrent (BTT) Coin Price Prediction 2019 – Is Bittorrent Token Crashing? (Early May Update) appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Blocktrade token (BTT) на Currencies.ru

$ 0 (+0.76%)
Объем 24H $0
Изменеия 24h: 5.17 %, 7d: -59.47 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 55.75m BTT

btt bittorrent early update may token price

btt bittorrent → Результатов: 126


Фото:

BitTorrent price analysis: BTT surges as Binance and Huobi announce trading competitions

BitTorrent surged over 87% on the day as a result of various trading competitions that involved BTT token. What’s next for BitTorrent, and should you consider buying some BTT now? Fundamental analysis: Binance and Huobi trading competitions push BTT up BitTorrent is a peer-to-peer file-sharing and torrent platform that dates back to July 2001 when […] The post BitTorrent price analysis: BTT surges as Binance and Huobi announce trading competitions appeared first on Invezz.

2021-3-21 15:07


После заявления Джастина Сана токен BTT подорожал на 16%

Основатель TRON Джастин Сан анонсировал новое приобретение для экосистемы BitTorrent и токена BTT. Цена монеты подскочила на 16%. New acquisition for $BTT and @BitTorrent in three days. Stay tuned and welcome new members to #BitTorrent family! #BTT — Justin Sun (@justinsuntron) December 29, 2019 По словам Сана, сделка произойдет в ближайшие три дня и также […]

2019-12-30 17:27


Bittorrent (BTT) Coin Price Analysis and Prediction 2019 – The Strong Uptrend Still Looks Intact (May 29th Update)

4H BTTBTC Bittorrent token was one of the best performing altcoins in the top 100 for last couple of weeks. BTT managed to shear away from the bottom at 9 sats and even penetrated its big resistance at 13 sats, reaching 15 satoshis on two occasions and finally breaking this level to hit the 22 […] The post Bittorrent (BTT) Coin Price Analysis and Prediction 2019 – The Strong Uptrend Still Looks Intact (May 29th Update) appeared first on CaptainAltcoin.

2019-5-29 14:54


Фото:

BitTorrent будет продвигать BTT с помощью программы лояльности

Руководители BitTorrent собирается мотивировать пользователей своей файлообменной сети, которая насчитывает более миллиарда человек, использовать токен BTT.

2019-3-8 11:00


Фото:

BitTorrent выпустит платежную карту для токенов BTT

Компания BitTorrent сообщила о намерении выпустить платежную карту для расчетов в монетах BTT. Она будет работать на основе GRID-технологии и специального процессора Poppy, также применяющегося во многих электронных кошельках.

2019-2-15 14:56


Фото:

Токен BitTorrent вырос на 870% с момента недавнего ICO

Согласно данным CoinMarketCap от 5 февраля, цена токена BitTorrent (BTT) выросла более чем на 870% с момента окончания его ICO, во время которого монеты были распроданы за считанные минуты. P2P торрент-клиент BitTorrent, позволяющий пользователям раздавать файлы через интернет, запустил собственный токен BTT на базе Tron в начале января.

2019-2-5 11:25


Фото:

BitTorrent опубликовала предупреждение о мошеннических предложениях BTT

Команда BitTorrent после успешно проведенного краудсейла токена BitTorrent (BTT) предостерегла пользователей от мошеннических веб-сайтов, ICO и эирдропов, предлагающих BTT. В заявлении BitTorrent отмечено, что с 3 января, когда был анонсирован запуск токена, было зафиксировано большое количество мошеннических предложений.

2019-1-29 14:03


Токены BitTorrrent ушли влёт. Инвесторы вложили в криптомонеты торрент-сервиса миллионы

Прошедший этап продажи токенов торрент-сервиса BitTorrent показал большой интерес к ним: 28 января 50 миллиардов криптомонет ушли в руки инвесторов, которые выложили за них 7,1 миллиона долларов, за 15 минут.

2019-1-29 13:09


Why the BitTorrent (BTT) Token Sale Was a Major Success Despite Hiccups

The BitTorrent (BTT) token sale will probably go down as the quickest token sale in the young history of crypto -based crowdfunding. According to the CEO of Binance, the token sale took 18 minutes but could have taken 18 seconds if the system was able to handle the number of investors willing to take part […] The post Why the BitTorrent (BTT) Token Sale Was a Major Success Despite Hiccups appeared first on Ethereum World News.

2019-1-29 13:01


Фото:

Продано: ICO BitTorrent завершилось полной распродажей спустя 15 минут

В прошлом году криптостартап Tron под руководством молодого Джастина Сана выкупил компанию BitTorrent. Тогда руководство приняло решение выпустить собственную нативную криптовалюту BTT. Проведение ICO было назначено на 28 января, при этом настолько скорого завершения распродажи не ожидал никто. Возможно, именно...

2019-1-29 10:00


Краудсейл BitTorrent продлился около 18 минут

В понедельник, 28 января, на площадке для проведения ICO Binance Launchpad состоялся ожидавшийся с нетерпением многими инвесторами краудсейл BitTorrent. Сопровождавшаяся повышенным ажиотажем и техническими проблемами кампания завершилась менее чем за 18 минут, и по ее итогам было реализовано 59,4 млрд токенов BTT (около $7,2 млн).

2019-1-29 09:40


Краудсейл BitTorrent принес $7,2 млн, завершившись менее чем за 18 минут на фоне технических проблем

В понедельник, 28 января, на площадке для проведения ICO Binance Launchpad состоялся ожидавшийся с нетерпением многими инвесторами краудсейл BitTorrent. Сопровождавшаяся повышенным ажиотажем и техническими проблемами кампания завершилась менее чем за 18 минут, и по ее итогам было реализовано 59,4 млрд токенов BTT (около $7,2 млн).

2019-1-29 21:45


Продажа токенов BitTorrent завершена за 15 минут из-за астрономического спроса

Платформа BitTorrent только что завершила продажу токенов BTT на Binance Launchpad, собрав сумму около $7 млн, менее чем за 15 минут. Предложение в токенах Binance Coin (BNB) было распродано за 13 минут, а в Tron (TRX) всего за 14 минут.

2019-1-29 20:54


Фото:

Стала известная цена токена BitTorrent

Криптовалютная биржа Binance зафиксировала цену токена BitTorrent (BTT) для токенсейла, который стартует сегодня, 28 января, и продлится до 3 февраля, если необходимая сумма в $7,2 млн не будет собрана раньше. Об этом сообщается на ее официальном сайте.

2019-1-28 15:00


Binance зафиксировала цену токена BitTorrent для сегодняшнего токенсейла

Криптовалютная биржа Binance зафиксировала цену токена BitTorrent (BTT) для токенсейла, который стартует сегодня в 18:00 МСК на её площадке Binance Launchpad и продлится до 3 февраля, если необходимая сумма в $7,2 млн не будет собрана раньше.

2019-1-28 14:42


BitTorrent to Start Accepting BTT Tokens for BitTorrent Pro and Their Ad-Free Products

BitTorrent recently announced that their customers will soon be able to pay for BitTorrent Pro and Ads Free with BitTorrent token (BTT). Currently, they accept TRX, BTC, and BNB for its premium. BTT will serve the general-purpose mechanism for transacting in computing resources shared between BitTorrent clients and other participating service requesters and service providers. […]

2019-1-27 22:24


BitTorrent Speed: Will BTT Token Power the Biggest Blockchain App?

BitTorrent is a pioneer digital platform for a distributed communication protocol, invented by Bram Cohen in 2001. The platform embraces a peer-to-peer protocol, which uses economic incentives to facilitate the delivery of large and highly demanded files within the internet, thus eliminating the need for a trusted central server. The open protocol has been in […]

2019-1-25 10:00


Ряд крупных бирж объявил о поддержке airdrop BitTorrent

Tron и BitTorrent запустили Airdrop, который будет поддерживать интерес трейдеров и инвесторов как в TRX, так и в BTT до 2025 года. Сообщается, что BTT будет распространяться среди владельцев TRX каждый 11-й день месяца с февраля 2019 года по февраль 2025 года.

2019-1-23 19:20


Как получить Airdrop BitTorrent (BTT) и какие биржи его поддерживают?

Сообщается, что BTT будет распространяться среди владельцев TRX каждый 11-й день месяца с февраля 2019 года по февраль 2025 года. Это означает, что многие инвесторы TRX предпочтут хранить свои монеты в течение 6 лет.

2019-1-22 17:59


Airdrop BitTorrent (BTT) обещают поддержать Binance, OKEx и другие криптобиржи

Предстоящий airdrop BitTorrent (BTT) обещают поддержать многие криптобиржи, среди которых Binance, OKEx и другие известные платформы. Об этом представителей сообщества Tron (TRX) проинформировал руководитель двух проектов Джастин Сан.

2019-1-22 10:19