![]() (BitTorrent itself did not respond for comment.)Īnd when we tried ourselves to engage BitTorrent users on the BitTorrent subreddit? We were banned from the forum. The only people who show any discernible excitement are the admins. The most heated debates take place on the crypto investor Telegram groups, where discussion revolves solely around the (declining) price. ![]() A search on for “BTT” or “BitTorrent Speed” yields nothing. ![]() It’s true-check out the multitudes of regular BitTorrent forums online and you’ll see very little discussion about the token. “I spent more on electricity than I earned BTT.”Īlexandr, the keen BitTorrent user, ascribes BTT’s lacklustre performance to a lack of serious marketing, despite the $7.2 million slush fund. “Over the past three days I have earned 12 BTT ($0.009),” says Alex Alexandr, a BitTorrent user who invested $600 in the token and had hoped to bring in dividends by seeding files. For an investor, that’s a return of $0 at best, and for a hardcore seeder looking for compensation, that’s a pittance. While in May BTT’s price briefly spiked to $0.0018, it has already slunk back down to $0.0007, lower than it was at launch, and it continues to plunge rapidly. Though almost everyone agrees that the idea is a good one.that turns out to be irrelevant if the token’s worth nothing.Īnd it is worth nothing. Because it’s easier to “leech” than to seed, the BTT token was drawn up as an “incentive” that would encourage more people to support the network-the leechers pay the seeders. “I never actually used the company's product,” sheepishly admits one trader, in a DM sent to Decrypt via Telegram.īitTorrent Speed-the iteration of the protocol that uses BTT-rewards tokens to “seeders,” those BitTorrent users who altruistically invest their network capacity into sharing files, making download speeds quicker. And the few that use the token describe a poor user experience-though most just care about price. Investors are dissatisfied with BTT, whose price has fallen by fifty percent since its all time high. Barely anyone outside of Cryptoland appears to have heard of the platform. This indicates that the BTTOLD market is in a BUY position.But six months after the BitTorrent token’s $7.2 million sale and a month after the launch of BitTorrent Speed, there’s scant to show for it. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). The price of BitTorrent is currently running below the 50-day simple moving average (SMA) and it shows a Sell signal.Īccording to all technical indicators, the 200-day SMA will drop soon, and the price will hit $0.000000609 by the end of December. for the last 326 days, since December 31, 2023, SMA has shown a BitTorrent Selling signal. According to our forecast, this is not the right time to Sell BitTorrent.Ĭurrently, BitTorrent is trading below the 200 simple moving average. Currently, all indicators are indicating Bearish zone, and the fear & greed index shows 13.55 extreme fears. Due to this, we can get except a slight recovery in the coming month.īy the end of August, the value of BitTorrent increased by 112.15% and reached near around $0.000967. ![]() Over the last 30 days, BitTorrent has decreased by -7.34%. See the exact BitTorrent price prediction below you will know how much BitTorrent is worth in the coming months and years. On August 3, 2023, almost all technical analysis indicators signalled bullish signals, while other indicators signalled bearish signals, indicating a general Bearish sentiment among BitTorrent price predictions. Our BitTorrent forecast, it's risky to Sell BitTorrent right now. All technical indicators indicate that the current sentiment is Bearish, while the Fear & Greed Index is reading 13.55, which means extreme fear. According to our current BitTorrent price prediction, the value of BitTorrent will increased by 253.22%, reaching $0.00165 by end of 2025. ![]()
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